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.
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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:
619-354-0926 or (619-354-0WCM)
Effective November 28, 2016, the Court approved an established amount for investor claims. On November 28, 2016, the Court entered the “Amended Order: (A) Sustaining Omnibus and Specific Objections to Claims; and (B) Approving Proposed Allowed Amounts of Claims, and (C) Approving Distribution Plan and Authorizing Receiver to Make Interim Distributions.” The Order and the Exhibits that reflect the claim amounts the Court approved therein can be located in Items 25 (Order), 23 (Partially Allowed Claims), 22 (Allowed Claims), 6 (Distribution Plan) & 5 (Trade Creditor & Personnel Claims) under the 10/14/2016 bullet point, which can be found near the bottom of this page. Recall that to protect investors’ identities, claims were listed numerically by tracking number. If you are to receive a distribution, you will receive further communications from the Receiver regarding same. If your claim was not approved, please note that the claims review and allowance process in this action is now complete and the Receiver cannot adjust any claim amounts, and will no longer respond to any communications requesting such reevaluation or adjustment.
Phone: 619-354-0926 or (619-354-0WCM)