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Nairaland Forum / Nairaland / General / Investment / SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud (88829 Views)
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Mrakthedream(m): 8:07am On Sep 01, 2016 |
aminho:Hmmm...when and how?.Can you atleast show us a proof?You don't have to lie if you don't believe in it na.Let's see the proof if you really lost such money to MMM. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by PaulIdu: 8:07am On Sep 01, 2016 |
feelme3: He doesn't have any relationship with Sergey Mavrodi at all..he part of a group of Nigerian fraudster based on south Africa who have replicated a poor version of the Mavrodi scam to dish out to gullible Nigerians 2 Likes 1 Share |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Tosman12(m): 8:07am On Sep 01, 2016 |
aminho: You must have done the wrong MMM.. make your finding very well. You know very well you did the wrong thing not MMM . 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by djblue007(m): 8:08am On Sep 01, 2016 |
loveourlagos:Only if you understand how this scheme works, you would have joined before now. It is not only Nigeria. Pls read the above post and come to me for more analogy of MMM. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Jeffy1206(m): 8:08am On Sep 01, 2016 |
ochuski:that's because it's not a business... |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Chyvy(f): 8:08am On Sep 01, 2016 |
Why wait for 30% return on investment, when there are so many things to do that can bring in far, I mean far far higher than that? The people who engage in this are just simply lazy and "mentally poor". If you have spare money, give it to charity. MMM is not one. SEC has sounded the alarm and its just a matter of time before it crumbles like a pack of cards! If you are wise, go and cash out now! A word they say is enough for the wise. Peace! 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by charlezok(m): 8:09am On Sep 01, 2016 |
. 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Jeffy1206(m): 8:10am On Sep 01, 2016 |
aminho:no lie oga how comes? If I call you Ole now nko ![]() |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Mrakthedream(m): 8:10am On Sep 01, 2016 |
[quote author=aminho post=48972136]MMM is a fraud i lost 500k naira and a friend if mine lost 3mil dont fall for it[/ quote] And another friend of your lost 3 Trillion naira ...right? Show us proof if you are really telling us the truth...screenshot your MMM account let's see...You really don't have to lie to pass a point or disapprove of anything.. 5 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by neocortex: 8:10am On Sep 01, 2016 |
d4guy: Don't mind the fraudsters, they don't even know how the system works or they pretend not to know. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Lancasterman: 8:11am On Sep 01, 2016 |
MMM is a scam. It has been banned in China and South Africa...Please beware.. Check on Wikipedia for MMM and read here https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Burger01(m): 8:11am On Sep 01, 2016 |
Joel3:Abeg, I wam do MMM oh. So, if I help someone with 200k now, I fit see someone to help me even if my 200k has grown higher ![]() Again, would my investment keep growing monthly if I no get help? Would I have choice to decline or accept help? ![]() 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by justmenoni: 8:12am On Sep 01, 2016 |
You sound like some owner or operators of the said scheme and in another post you sound like you just invested your money with them..well i think alot of people should be careful though cos i know quite a huge number of people who lost million of nairas in scheme such as this one..sogun dogoji business ![]() ![]() ![]() ![]() mckoolcharming: 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Fedayeen02: 8:12am On Sep 01, 2016 |
Joel3:how do they get generate interest to pay people? I'm sceptical about investing in that |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by athorello(m): 8:12am On Sep 01, 2016 |
MMM will collapse.... I'm a member but it will collapse because of our mentality. People are not patient enough to keep the system running. The system can only be sustained if old members are going back to provide help and new members are still joining. And who said the returns from the program can't be used for capita projects and other investments? I would like to see it as a loan scheme (albeit anyone can repay you with interest). There have been instances when someone's who'd given help requested for help and the person he was matched with withdrew or couldn't give the help. If one do not meet up after been matched for a period of 48 hours, such a person will be banned. Also, there have been instances where two or more people are matched to provide help to one person. The system currently makes it hard to register multiple accounts since you'll need different names, account numbers, emails and phone numbers. The real fear is that the system may become too big for its survival. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 8:13am On Sep 01, 2016 |
Mavrodi is a confirmed scammer from Russia to USA. There's no need arguing with people who are destined to loose their money. A little peek into mmm page on Wikipedia should convince anyone that still has doubts. https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by hustla(m): 8:15am On Sep 01, 2016 |
Joel3: How does the company make profit. All those help help help is just to deceive you, it's a ponzi scheme and I'm waiting for when it will crash Ask yourself where they get their profit or if they're merely waiting for you to pay more money and they they run away 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by igwegeorgiano(m): 8:15am On Sep 01, 2016 |
mckoolcharming:yes ma guy me too. my younger sis pledged help with 1m on the 2nd of august and just yestyday she got help of 1,670,000. referal bonuses inclusive. the media war against MMM will never stand. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by tinydev56: 8:17am On Sep 01, 2016 |
mckoolcharming:My attention has been drawn to ur 3rd point, get ur facts right, SEC is not the same as CAC, anything that has to do with investment operation must be duly registered with SECOND even after ur reg with CAC cos they are the regulatory authority as far as investment in securities are concerned either u call ursef a company or a COMny |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by academics1: 8:17am On Sep 01, 2016 |
PaulIdu: It would have been better if the invest the pooled money into a tangible business. maybe produce a product or provide a service that gives value and employs people https://www.nairaland.com/3314597/those-got-carried-away-mmm 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by shayhune: 8:17am On Sep 01, 2016 |
MMM is real. Take it or leave it. We know the risks involved and we r ready to take risk. In fact, I'm gonna receive over 800k credit alert today. Financial apocalypse is inevitable. Join and receive freedom from financial slavery. God bless MMM Nigeria!!! God bless Mavrodi!!! God bless all prospective and current Mavrodians!!! 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Yarduni: 8:18am On Sep 01, 2016 |
Nigerians are fools oh. They can only fool poor people from Nigeria, Pakistan, Bangladesh but you can't find them in US, Europe or Asia because they know their worth 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by igwegeorgiano(m): 8:19am On Sep 01, 2016 |
wordcat:some bunch of selfish wealthy peeps in sec are behind this rubbish. MMM is not a ponzi scheme otherwise sec should tell us d characteristics of a pinzi scheme |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by shayhune: 8:19am On Sep 01, 2016 |
tinydev56: MMM is not an investment company. Get ur facts straight. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Kay03: 8:19am On Sep 01, 2016 |
1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by igwegeorgiano(m): 8:20am On Sep 01, 2016 |
Yarduni:oga for ya mind you be big boy abi 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Mrakthedream(m): 8:20am On Sep 01, 2016 |
helovesme:That is the mistake people like you are making... MMM has no central account...it is not like other networking scheme..Bank/EFCC can never ever freeze their accounts because they have none.. I am not saying you should involve in it,but stop saying what you don't know anything about. Show me one MMM bank account you know or have heard of...please do that to atleast put me to shame. 5 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 8:21am On Sep 01, 2016 |
jakiedudu:That one is like esusu/ ajo. Me and my wife self they do such almost 8 years now without issues because calibers of people we deal with will not run away with your money. You know their house, the members likely hv I.D card, they know themselves and know their shops and what they likely do with the money. So if they don't pay, they know where to go. But this one, if the last helped fellow that you have never seen disappeared, how are you going to go about it? This is what I hav been asking these agents? I never get meaningful reply than new members will join and pay blalala. That's why , I think they are very active in referral upanadan. 3 Likes 1 Share |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by nandyz(m): 8:22am On Sep 01, 2016 |
Gentlemen my fellow nairalanders,, Mark Zuckerberg presently is Nigeria and people are celebrating him today,, initially when Facebook was developed, people said a lot of things about it,, some said, it is a site of Internet eniciation into cult n many other but today even my grandmother in her grave has Facebook account,,, So gentlemen,, don't about about this mmm,, Mavro has come to develop a platform to eradicate the mindset of poverty, so the every body can be independent on is own,,,, mmm is real,,, please if u have not join,, pls try to join.... OR u are looking for whom to borrow u cash,,, please use the little cash in u to provide help so that u can get help.... The earlier the better.... 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Ranchhoddas: 8:22am On Sep 01, 2016 |
mckoolcharming:A fool and his money are soon parted. 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by staggerman(m): 8:23am On Sep 01, 2016 |
MMM Nigeria community is made up of Doctors, lawyers, engineers, bankers, teachers, students, entrepreneurs, drivers and people from all walks of life. MMM has United Nigerians more than any other platform. People from all tribes and religion have come together with a common goal... To be financially free. To provide financial assistance to each other through voluntary donation. This has helped to put off the pressure on the Federal government, but some enemies of the people prefer that the citizens continue to suffer so they can be forced to the streets to protest against the hunger and poverty. Nigeria is faced with economic challenges. Investors are leaving the country. Companies are closing down. Workers are getting sacked. Inflation is on the increase. Money circulation is at an all-time low. People are hungry. The citizens need help. Urgent financial help to enable them cope with the present economic challenges. MMM has United Nigerians and provided a platform for us to help each other. To reach out and provide help to those who need help. Now we can afford to eat good meal and pay our bills. We can sleep comfortably, knowing all is well and we are there for each other. Poverty is not the lack of resources, but the lack of sharing. MMM teaches and empowers us to overcome poverty by sharing our spare money. Nigeria's population is said to be about 180 million people. Imagine if each person donates N1 (one Naira) to one poor man, he will instantly have 180m Naira. If we keep doing that, donating One Naira to each poor family, all Nigerians will soon be rich. This is our goal. This is our vision. We are MMM NIGERIA and together we are Changing Nigeria for the best. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by cutesmilez(f): 8:23am On Sep 01, 2016 |
Almost all my friends have joined dis scheme. But I chose not 2. I STILL FIND IT VERY DIFFICULT TO BELIEVE EVEN AFTER SEEING THE MONEY THEY GOT FROM THE SCEME. As for me o, I will never join MMM. 2 Likes |
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