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Nairaland Forum / Nairaland / General / Investment / Stay Away From MMM. See Why. (2406 Views)
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Stay Away From MMM. See Why. by udumosam23(m): 6:46am On Aug 02, 2016 |
BEWARE! STAY AWAY FROM MMM IF YOU CAN. With the current spread of mmm, I've had a lot of questions that forced me to do some research. Here is the much i can say as someone who has had several experiences. 1. What is mmm? Originaly, MMM was set up by Sergey Mavrodi in 1989 and morphed into a Ponzi scheme in around 1994, primarily based out of Russia. That original version of MMM resulted in Mavrodi, a former Russian parliamentarian, being jailed for fraud for running it. However, after his release he modified the system in such a way that it will not be illegal to any world's government. How is mmm operating? Basically, they claim to be a community where any member can either offer help or get help. A registered member can only get help after he/she has offered help, and the amount of help he/she offers grows by 30% monthly or lets say 1% daily. Example, if you register and offer help ( which is usually paid directly into a person's account, who is also a member recieving help) of 1000, you can apply for help, and another person who wants to offer help that matches with the amount you applied for, will send the money direct into your account and so on. How is mmm a scam? Many assert that since they're not buying or selling anything to make profit that would've generated the 30% interest, the system after a while will crumble as it is likely serviced by new members and participants. But I've registered already, what do i do? Stay calm don't panic, mmm will go down sooner or later but definitely not now. There is a tendency it will last a while if govt policy didn't affect it. Why so? Because mmm is also operating in over 160 other countries mostly in Russia and china, if it will colapse, it will start from other countries where it first register its presence. But this is not a guarantee. Is participating in mmm a sin for a christian? Ask your pastor I want to take advantage of of this programme what do i do? Again, I'll advice to stay away, but if you can't then play safe. How? Offer help of a reasonable sum, recieve help after a month, withdraw your capital and offer another help with the interest. That way you'll not be risking your hard earned money. How do i know when to blackout? If you refuse to heed the warning and still want to risk it, here is more secret. Register here for more guide. http:///?i=udumosamuel2014@yahoo.com Pls forward this message to save someone. |
Re: Stay Away From MMM. See Why. by DjAndroid: 7:34am On Aug 02, 2016 |
After all these you wrote , you failed to tell us what the acronym "MMM" stands for. |
Re: Stay Away From MMM. See Why. by naeto2(m): 8:02am On Aug 02, 2016 |
Mugu Money Spender |
Re: Stay Away From MMM. See Why. by Merlissa(f): 9:00am On Aug 02, 2016 |
And he still telling us to registerwith his user name... Na wa oo 1 Like |
Re: Stay Away From MMM. See Why. by udumosam23(m): 9:02am On Aug 02, 2016 |
Mavrodi Mondial Moneybox. don't mind that man above me. didn't think it was neccessary anyway. |
Re: Stay Away From MMM. See Why. by Nobody: 9:19am On Aug 02, 2016 |
UPDATED AND CLOSEABLE SPONSORS NEEDED URGENTLY 1. Sponsors needed to clear and sand filled 37acres waterfront land for reclamation at Abijo town lekki Land value: N4m/plot Sharing: Owner 60% Investor 40% Agency Fees:12plot and N5m 2. Financier needed to sponsor the clearing and Sand-filling of Access road Ibeju Lekki. Land Title: Gazette Reward: 70plots. Land Value: N2.5m/plot Family Fees: N3m Agency: 12plots and N2m 4. 596Acres at shapati for clearing and sand filling. Reward:1& half plot from 1acre Owo iwoko: N7m Agency: 90 plots and N5m Title: Gazetted 5. 600plots of land at ibeju town for clearing. Reward 600plots. Owo Iwoko 6m. Agency fees 10 % and 5m Title: gazette and Court georgment 6. 200acers of dry land for perimeter survey at new airport axis. Job cost: N15m Agency: 30plots and N2m 7. 200acers of dry land for perimeter survey after free trade zone . Job cost: N13m Agency: 20plots and N2m 8. INVESTORS NEEDED URGENTLY Investors/sponsors needed urgently to clear 172 hectares of Land at ibeju Lekki few plots to express for clearing only. Family fee: N6million Agency: 10% and N3million Title: Survey and File number for gazett NOTE: Serious inquiries only. 07086560323 |
Re: Stay Away From MMM. See Why. by amordiguys(m): 10:56am On Aug 02, 2016 |
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Re: Stay Away From MMM. See Why. by aliveavenue: 10:51pm On Aug 02, 2016 |
NCC and the south Africa government has endorsed free participations of her citizens in MMM. this proves we are invincible Nothing can stop us
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