Ming Xu, the central figure behind the WCM777 Ponzi scheme, made himself available to the Securities and Exchange Commission in the weeks following the operation's recent shutdown. The SEC moved to close WCM777 roughly two weeks ago. Xu used his Twitter account to offer a brief personal perspective on his involvement with the case.

Xu's Twitter activity typically involves religious quotes. However, he posted a series of personal messages about twelve hours prior to this report. In these messages, Xu claimed prior ignorance about "MLM/Ponzi" schemes. He stated, "Before I don’t know MLM/Ponzi, I tried to turn this around with incubation of 300 companies and kingdom loyalty card."

He presented the "Kingdom Card" as a solution for payout obligations, suggesting loyalty points could be used online and offline. Xu described the Kingdom Card as a way "to build a collaborative economy and a close loop kingdom community to expand the Kingdom." The mention of 300 "incubated" companies indicates the scale of the financial complexities the SEC faced.

The concept of Kingdom Trade, a virtual currency WCM777 affiliates were supposed to use with third-party merchants, did not seem to align with the Ponzi scheme's audience. A "collaborative economy" in this context often means people investing money with vague details, expecting returns for everyone.

Xu then addressed his responsibility. He wrote, "I don’t want to deny my responsibility. Am I blindsided by self righteousness and self deceit? God judges my heart." He added that he does not regret bringing the Gospel to many people and sharing "the vision of God’s economy, and Kingdom."

He expressed belief that "a bad thing can be turned around with good heart as a Christian." Xu also posted, "I am sorry if I hurt people. It is out of my control now but God is in control. There is a purpose for this. GBU." The WCM777 operation had no clear connection to religious outreach.

Xu's statements, if genuine, offer a different response compared to other Ponzi operators. Paul Burks, for instance, denied responsibility for the $600 million Zeek Rewards Ponzi scheme, claiming he never told anyone to invest more than they could afford to lose.

ScamTelegraph earlier identified WCM777 as a Ponzi scheme in June of last year. Over thirty articles have since detailed the operation's issues. This provided Xu ample time to halt the scheme before regulators intervened. Even basic legal advice should have flagged the compliance problems inherent in paying existing investors with new investor money.

Xu's lawyer, Vincent Messina, has reportedly refused to return $5 million transferred to him before the SEC shutdown.