SEC v. World Capital Market Inc.; WCM777 Inc., et al

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:

 

Please note that on October 1, 2018, the Court approved and authorized, amongst other things, the Receiver to Make Final Distributions to Approved Claimants [who successfully negotiated the interim payment] and Establish a Reserve; Approving Final Accounting and Report; Approving Disposition of Books and Records; and Conditionally Discharging Receiver.

 

Based on the timeline approved by the court, the Receiver issued the final distribution payments and no longer has the ability to make any further changes to any payment information.  The Receiver is in the process of terminating the receivership and will no longer be responding to inquiries on this receivership.

 

A copy of said order and other information can be found below. Please send all inquiries and correspondence to:

 

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

 

August 2017 – Allowed Claimant Interim Distribution Reissue Documentation

 

 

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Court Filings:

 

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