湖南
My first response to SEC in public
I was misled by my lawyer to settle, which is against my heart. My hear is pure for Kingdom. My vision is compromised.
First, WCM777 was selling good cloud products, not securities; through MLM structure. The company is not Ponzi model because people get loyalty point by consumption; with points, they can redeem products like Amex credit card model. There were hundred thousand of products to redeem then.
SEC did the wrong thing to charge us and created big damages to me and my company. I request SEC to compensate me for my loss.
Second, I sold WCM777 for $1 to Jeff Huang. I have given the sales contract to SEC.
Third, I believed my personal rights are infringed by SEC and SEC plundered me without righteous procedures.
Lastly, US constitution is compromised by my case.
In Sum up, I dispute this case and represent me to fight for justice.
Best regards,
Ming Xu”
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