SEC v. World Capital Market Inc.; WCM777 Inc.; WCM777 Ltd. d/b/a WCM777 Enterprises, Inc.; and Ming XU a/k/a Phil Ming XU

Case Summary:

On March 27, 2014, Krista Freitag was appointed temporary receiver, and on April 10, 2014 Ms. Freitag was appointed permanent receiver for WORLD CAPITAL MARKET INC., WCM777 INC., WCM777 LTD. d/b/a WCM777 ENTERPRISES, INC., Defendants., and KINGDOM CAPITAL MARKET, LLC; MANNA HOLDING GROUP, LLC; MANNA SOURCE INTERNATIONAL. INC.; WCM RESOURCES, INC.;, Relief Defendants, their subsidiaries and affiliates, pursuant to an Order entered by the United States District Court for the Central District of California in an action against Defendants and Relief Defendants filed by the Securities and Exchange Commission. On May 21, 2014, Krista Freitag was also appointed receiver for TO PACIFIC, INC. and TOPACIFIC, INC., Relief Defendants, pursuant to an Order entered by the United States District Court for the Central District of California in the action against Defendants and Relief Defendants filed by the Securities and Exchange Commission.

Document Links (PDF Format):

Case Updates:

 

1. The receivership is operating based on the Preliminary Injunction, Appointment of a Permanent Receiver, and Related Orders attached below. Please send all inquiries and correspondence to:

 

wcm@ethreeadvisors.com
619-354-0926
 or (619-354-0WCM)

 

Investor Communication:

 

1. The claims submission window is now closed. Claims not received by 11:50 PM Pacific Standard Time on December 24, 2015 will be disallowed.

 

2. OCTOBER 27, 2015 CLAIMS BAR DATE EXTENSION NOTICE TO INVESTORS – IT IS IMPORTANT TO NOTE THAT THE CLAIMS BAR DATE HAS BEEN EXTENDED FROM NOVEMBER 9, 2015 TO DECEMBER 24, 2015. CLAIMS NOT RECEIVED BY 11:59 PM PACIFIC STANDARD TIME ON DECEMBER 24, 2015 WILL BE DISALLOWED.

 

THE ELECTRONIC CLAIM FORM AND ANSWERS TO FREQUENTLY ASKED QUESTIONS (FAQs) ARE AVAILABLE AT WWW.WCM777CLAIMSPROCESSING.COM. IF YOU HAVE FURTHER QUESTIONS, PLEASE CALL 1-877-301-6918 OR EMAIL INFO@WCM777CLAIMSPROCESSING.COM. THERE IS NO CHARGE OR COST TO SUBMIT A CLAIM. IF YOU ARE TOLD BY SOMEONE THERE IS A CHARGE OR COST ASSOCIATED WITH SUBMITTING A CLAIM AND ARE INSTRUCTED TO PAY THE CHARGE TO THAT PERSON, PLEASE CONTACT THE RECEIVER AT WCM@ETHREEADVISORS.COM. ALSO NOTE THAT THE PRESENCE OF THIS NOTICE AND THE ASSOCIATED COURT ORDERS ON THIS WEBSITE, WHICH IS CONTROLLED BY THE RECEIVER, SERVES AS CONFIRMATION THAT THIS IS THE ONLY LEGITIMATE CLAIMS PROCESS ASSOCIATED WITH THE SEC V. WCM777, ET AL CASE.

 

2. SEPTEMBER 9, 2015 NOTICE TO INVESTORS – THE ELECTRONIC CLAIMS SUBMISSION WINDOW IS NOW OPEN. THE ELECTRONIC CLAIM FORM AND ANSWERS TO FREQUENTLY ASKED QUESTIONS (FAQs) ARE AVAILABLE AT WWW.WCM777CLAIMSPROCESSING.COM. IF YOU HAVE FURTHER QUESTIONS, PLEASE CALL 1-877-301-6918 OR EMAIL INFO@WCM777CLAIMSPROCESSING.COM.

 

3. October 1, 2014 Notice to Investors

 

 

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Court Filings:

 

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Email: wcm@ethreeadvisors.com
Phone: 619-354-0926 or (619-354-0WCM)