MMM Ponzi Scheme In A Comeback Bid | Nigeria News Today. Your online Nigerian Newspaper f

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The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago, has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new ‘investors’.
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s.

A letter displayed on the pages of participants of the scheme, urges them to invite new members. Members must invite new participants and register them as referrals to qualify for the contest.
They have the opportunity to win cash prizes between N30,000 and N500,000, under an exercise the Ponzi scheme masterminds call, “Promo-Task Contest’
The letter reads in part: “MMM Nigeria launches Promo-Task Contest.
“MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office.
“Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner.
“The contest period is from Monday to Sunday while at the end of each week; winners are announced and awarded Mavros (cash prizes) available for output.
“In the first contest, there are 50 prizes. First place will win N500,000; second place N300,000 and third place winner will take home N200,000.
“Fourth place to 10th place winner get N100,000 each; 11th to 30th place wins N50,000 each while participants who placed 31th to 50th wins N30,000 each.
“Members can complete both online and offline tasks with focus to promoting the community and contribute to growth of the scheme.
“The promo-task contest is a serious tool aimed at community growth, and as such, would be continuously adjusted and refined to enable MMM Nigeria to overcome.”
The Securities and Exchange Commission (SEC) and the Central bank of Nigeria (CBN) have warned Nigerians against participating in the scheme which they described as a “Ponzi” scheme.
The scheme has been mired in controversies after it placed a one-month freeze on all withdrawals from the scheme on Dec. 13, 2016.

The scheme, however, made a comeback on Jan. 13 and quickly placed a limit to the number of withdrawals from old-confirmed mavros (money), drawing wild condemnation from members and making many of them walk away.

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  1. It is very obvious you don't have the real gist... Find out more... The mmm I know has been paying and will continue to pay...mavrodians...come and see lies ooooooooo

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  2. Lol 😂 😂 😂
    Clueless media oufit, MMM participants are lending to Nations

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  3. Lol 😂 😂 😂
    Clueless media oufit, MMM participants are lending to Nations

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  4. MMM is not a ponzi. U don't even know more about the community

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  5. This is a big lie.. Media thunder fire you

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  6. This comment has been removed by a blog administrator.

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  7. You are fool....... Stupid idiot.... If you don't know about something..... Why condemning it..... Big old sheep.

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  8. You are fool....... Stupid idiot.... If you don't know about something..... Why condemning it..... Big old sheep.

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  9. This comment has been removed by a blog administrator.

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  10. MMM GO AND BRING YOUR PRESIDENT HOME AND LEAVE MMM ALONE BCOS NIGERIA AS A COUNTRY DONT HAVE PLANS FOR IT CITIZENS LEAVE MMM ALONE MEDIA GO AND LOOK FOR SOMETHING ELSE

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  11. Why don't you come and join us instead of being greedy from outside.

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  12. The thunder that will fire this author is still cooking. Come and join mmm and taste the goodness before poverty kill you. Mmm has changed lives. Where was the media when people were suffering in poverty? You call mmm a ponzi scheme and they paid the 2016mavro. Which ponzi site does that? Ogbeni pack well o.

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  13. Foolish idiot, you don't know what to write about you chose MMM. Anyway we love MMM and nothing will stop us. FG that promised us heaven and earth what have they done? You didn't see them to write about. MMM is the best thing that has ever happened to Nigeria. So you senseless writer leave MMM alone. Mothered.

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  14. This is why I use my powers on people like you. ��

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  15. Enter your comment...them don com again

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  16. god! All this curses from MMMite na wa O!!
    Me no go Eva Eva join any fast money making scheme, let alone MMM rubbish.

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  17. I am sorry for Nigeria media, is this how we are going to progress? How can someone who calls himself or herself a journalist but couldn't make a simple research on something before publishing it. Even the story is not even friendly. People are not even interested in reading it except the participants who wanted to write a counter claim. You derive joy I people's downfall just to attract traffic to your site. Please Nigerianeye wise up you have been my favourite news site over time.

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  18. Am busy eating my kuri-kuri after l finish, l will come back to your comments

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  19. The writer is shameless to have written thus junk against a God sent community called MNM saving lives, helping Nigerians financially.. What Nigerian government can't do for its citizens mm is doing.. Shame and wooo unto this junk writer..

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  20. lol, so many people are angry in this NIGERIA sha

    ReplyDelete

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