World Capital Markets, Inc. Case

The Federal Bureau of Investigation and the United States Postal Inspection Service are conducting an investigation into the activities of World Capital Markets, Inc. and its officers, employees, and affiliates (collectively, “WCM”). If you believe you have been defrauded by WCM, you are encouraged to read and act upon the information below. 

The following is public information relating to the ongoing WCM investigation:

On March 27, 2014, the Securities and Exchange Commission filed a complaint and temporary restraining order against WCM and others. On March 27, 2014, the United States District Court granted the temporary restraining order, and on April 10, 2014, the United States District Court entered a permanent restraining order in the case. The allegations made on March 27, 2014, are summarized below.

Beginning in approximately March 2013 and continuing through March 2014, WCM—doing business as WCM777, Kingdom777, and To Pacific—operated an alleged scheme in which it misappropriated more than $80 million in funds obtained from investors in the United States and abroad.

Seal of the Office for Victim Assistance Program with motto Fairness, Respect, Privacy.

WCM was portrayed as a profitable multi-level marketing venture that sold packages of “cloud media” or cloud services. Investors were promised large returns in a short amount of time in the form of cash and “points.” Investors were also told they could earn cash and points by referring new members. Points were described as having two uses: (1) they could be redeemed for goods and services offered by WCM, or (2) they could be converted into equity in an initial public offering of the company.

WCM solicited investors directly and indirectly through the WCM777 website, in-person seminars and presentations, the distribution of a PowerPoint presentation, and Internet postings.

The United States District Court appointed a receiver, Krista Freitag (the “Receiver”) to marshal and take control of the assets of WCM. At some time in the future, the Receiver will establish a claims process as well as a plan for making distributions to investors. In the meantime, the Receiver has set up a website where investors can monitor the Receiver’s progress and the status of the receivership. If you believe you have been defrauded by WCM, please visit the Receiver’s website at

The details listed here are allegations only. The parties are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.