Phil Ming Xu, the operator behind the WCM777 Ponzi scheme, announced his departure from the company last month via Twitter. He claimed to have sold the operation to an anonymous buyer, washing his hands of it entirely. This exit appeared logical on paper, given that regulators in multiple countries were closing in.
However, Xu's recent activities suggest he rebranded his scheme rather than abandoning it. About a week ago, former top affiliates from TelexFree and WCM777 began aggressively promoting a new company called Vizinova. Details were scarce, with most pitches simply urging people to sign up as affiliates.
New information indicates Vizinova is not a new entity. It is marketed as the product line for Global Unity, Xu's third attempt to keep his Ponzi operation alive. A German affiliate marketing blog identified Vizinova's founders as "top worldwide network marketing, advertising and debit card processing leaders." The blog named Phil Ming Xu as one of these leaders.
The scheme's mechanics are familiar. A Spanish version of Vizinova's compensation plan recently surfaced. Affiliates pay $200 in cash for Vizinova "virtual currency," serving as the entry fee. They can then buy into Silver ($1,000), Golden ($2,000), or Diamond ($3,000) packages.
Recruitment drives the money flow. Affiliates earn commissions on deposits made by people they bring into the system. The plan promises a 100-day return on investment period and mentions "repurchasing" plans upon expiration. Binary commissions and various bonuses complete the incentive structure. This mirrors WCM777, though the facade product remains unclear.
Xu is no longer running this operation alone. His original partner, Zhi "Tiger" Liu, has disappeared. Sources say Liu took a large sum of affiliate investor money with him, leaving Xu to face US regulators by himself.
The SEC continues to investigate Xu's role in operating WCM777 and its subsequent iterations. While Xu attempts to publicly distance himself from WCM777, his involvement with Vizinova is evident. When one scheme collapses under regulatory pressure, the pattern shows a rebranding and restart. The affiliate commission structure and promised returns remain consistent; only the name changes. Xu's Twitter announcement about selling WCM777 was a pivot, not an exit. His old affiliates are already rebuilding the machine under a new name.