Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,851 members, 8,007,351 topics. Date: Tuesday, 19 November 2024 at 08:30 PM

We Are Investigating MMM Ponzi Scheme — EFCC - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / We Are Investigating MMM Ponzi Scheme — EFCC (62043 Views)

EFCC Investigating Kessington Adebutu ‘Baba Ijebu’ Over Tax Fraud / We Are Investigating Export Of Rotten Yams To US – Ogbeh / MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (12) (Reply) (Go Down)

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Lilimax(f): 11:31am On Nov 16, 2016
TonyeBarcanista:
Government trying so hard to kill MMM but participants ain't buying the crap. One thing about MMM guys is that they are determined irrespective of government's position. we must give it to them
Abio!
MMM pays for now! smiley

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 11:31am On Nov 16, 2016
vicben27:
keep waitin for d system to b short down or crash! while we keep makin our money! yeye dy smell

Lol. Everyone can not be greedy. Get that straight. And not every only is so broke or dum"b to participate in schemes like this. RIP in advance for people those who will die cos of MMM
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Sanchase: 11:31am On Nov 16, 2016
The day MMM will finally shut down I will be sipping a glass of Scottish Whiskey listening to Frank Sinatra "I did it my way" in remembrance of all the investors who committed suicide.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Lilimax(f): 11:34am On Nov 16, 2016
alizma:

I think you should also tell us the other side of it, I mean how much help you have provided within the period that you receive these respective amount and how much you have cashed out then we can know whether you are making profit or not.
besides, since the money you paid is not being invested in a profitable business, is it not reasonable to ask yourself where is the so call 30% increase is coming from, who is paying those that works day and night to keep d system out of crash and ensure smooth transitions? MMM is a build up of debt that will certainly crash someday, some people would have make enough money and quite while others will not be that lucky but the government is looking at the effect on everyone.
Everybody knows MMM will crash one day but for now, it pays! smiley
Shikena.

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by vicben27(m): 11:35am On Nov 16, 2016
progress69:


Lol. Everyone can not be greedy. Get that straight. And not every only is so broke or dum"b to participate in schemes like this. RIP in advance for people those who will die cos of MMM
nt evry one is broke u said! remain in d level u ar as long as ur nt billgates or Dangote i dont give a poo! leav Us n our mmm alone Bad belle pple who ar afraide to take risk!

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:37am On Nov 16, 2016
"Likes" for those ready to crash with mmm and "Share" if you are a hater. As for me, i crash alongside mmm when it crashes. Haters, go and die while i keep making my dough. Who the useless government epp?

6 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by uzuede4(f): 11:39am On Nov 16, 2016
Frank3n2:
Am sure many EFCC staff are already waiting for there 30 days grin
No mind dem

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 11:39am On Nov 16, 2016
vicben27:
nt evry one is broke u said! remain in d level u ar as long as ur nt billgates or Dangote i dont give a poo! leav Us n our mmm alone Bad belle pple who ar afraide to take risk!

Lol. Bill Gates and Dangote did not become what they are by Ponzi schemes. The did by real capital investments that generated profit and benefitted their economy, not by transferring money to Paul, then going to sleep on your bed, waiting fkr James to transfer his own money to u with 30%, while James is also waiting for John. cheesy. I just dey laugh una. If u want to become Dangote and Bill gates, do something meaningful, productibe with your life, not sitting down and transferring money upandan waiting for others to transfer to u

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by anigbajumo(m): 11:39am On Nov 16, 2016
Godshand:


The idiotic seun and his useless site are some of the problems we have in this country. If you are not promoting mmm just like betting and others, why keep pushing only discouraging news to the frontpage? When last did we read news about nairabet or bet9ja on FrontPage inspite of all the money people are lossing in it everyday? That is their problem btw, as for me, if mmm crashes, i crash with mmm.



If his moderators are brain ret**arded, is it a must for seun to dance to the same tune

Re: We Are Investigating MMM Ponzi Scheme — EFCC by etizen: 11:41am On Nov 16, 2016
eleojo23:
Investing in MMM is a personal choice.

It is risky but it is their money.

If it the scheme folds, it is their cup of tea.

I think the government should focus more on making life easy for the masses so that they wont find schemes like MMM attractive instead of just attacking the scheme.

Looking at the situation of things right now, people are ready to bet their lives on MMM rather than on the government's bogus promises.
U Speak People Mind. Let People than can bear the risk do it just like lotery.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by uzuede4(f): 11:41am On Nov 16, 2016
holatin:
I need their help line cus i want them 2 investigate my pastor.
E just bought a bugatti as a full time pastor, even non of d church member get BU nt 2 talk of GATTI
You are funny grin
holatin:
I need their help line cus i want them 2 investigate my pastor.
E just bought a bugatti as a full time pastor, even non of d church member get BU nt 2 talk of GATTI
You are funny
Re: We Are Investigating MMM Ponzi Scheme — EFCC by juliuscapps(m): 11:41am On Nov 16, 2016
I still got paid this morning. Thank God for MMM.

3 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:43am On Nov 16, 2016
progress69:


Mynd44 lalasticlala seun. Very Long ban please grin.

That is the highest they can do. So what next after the ban? Would that crash mmm?

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 11:44am On Nov 16, 2016
Godshand:


That is the highest they can do. So what next after the ban? Would that crash mmm?

No it wouldn't. But one promoter down! tongue

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Hiploko(m): 11:45am On Nov 16, 2016
juliuscapps:
I still got paid this morning. Thank God for MMM.
same here! No mind EFCC and Others! Money Making Module MMM grin

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:45am On Nov 16, 2016
dipoolowoo:


http://dailypost.ng/2016/11/15/mmm-surveillance-efcc/

all from dailypostng. anybody reading this is making this site richer. thats d idea.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by MICHEALADEX(m): 11:45am On Nov 16, 2016
richidinho:
See the man here

Please can you get me is name and house address let me go and warn him...in his life let him not try that rubbish again

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by holatin(m): 11:46am On Nov 16, 2016
uzuede4:
You are funny ;DYou are funny
glad i humour you
Re: We Are Investigating MMM Ponzi Scheme — EFCC by NeChErEnO1(m): 11:47am On Nov 16, 2016
Who send una message? Huh? undecidedD
Re: We Are Investigating MMM Ponzi Scheme — EFCC by denssing: 11:47am On Nov 16, 2016
Pls MMM is not an investment scheme, it is a community of help seekers and help providers. It is none of govt's business. they haven't committed any financial crime neither have they defaulted in paying people their money as at when due. Besides they have not stollen govt money. EFCC should please go after those who have stollen govt money and leave MMM alone. WE WANT MMM!!!!!!!

4 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by grinace(m): 11:48am On Nov 16, 2016
azeecoboy:
[b]Copied: The Monkey Money Madness! (MMM) Once upon a time in a village, a man appeared and announced that he would buy monkeys for N100 each. The villagers seeing that there were so many monkeys around, went out to the forest and started catching them. The man bought thousands at N100 and as supply started to diminish, the villagers stopped their efforts. He further announced that he would now buy at N200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished and people started going back to their farms. The offer rate increased to N250 but the supply of monkeys became so little that it took much effort to even see a monkey, let alone catch one. The man now announced that he would buy monkeys at N500! However, since he had to go to the city on some business, his assistant would now buy on his behalf. In the absence of the man, his assistant told the villagers: ''Look at all these monkeys in the big cage that my OGA has bought from you, I will sell them to you at N350 and when my OGA returns from the city, you can sell it to him at N500''. The villagers squeezed out all their HARD EARNED savings and bought all the monkeys. The most greedy ones among them even sold their lands to purchase many MONKEYS, hoping to make a huge profit without labor. Then... They never saw the man or his assistant. Only monkeys everywhere! Remember the last offer was 250 and he has sold all the monkeys back to the villagers at the rate of 350. Now who is loosing? MMM patrons, be warned doomsday is near. Welcome to # MMM.The world of Monkeys![/b]
All my time on nairaland, this is the most baseless story I've read,
It doesn't relate to mmm, u aren't buying and selling anything. Your money is in your bank account not with mmm, the only time the system can crash is when every one pulls out, so the real scam is not mmm, the real scam is you.
Besides they say no amount of money satisfies the owner, there's a spec of greed in every man, no one wants to stop what gives him an extra cash on the side, I tell u it'd take a very long time before this stuff crashes except there's another system that can give more percentage than what mmm gives probably 80%.so just cut the crap.... Mmm is the real deal my ppl

7 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by deantimes(m): 11:51am On Nov 16, 2016
Mynd44, Mynd44 what's the difference between this post and the one I made which you locked?https://www.nairaland.com/3467193/why-cannot-investigate-mmm-efcc

You no try at all.‎
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:51am On Nov 16, 2016
progress69:


No it wouldn't. But one promoter down! tongue

And i can't open another handle? People like you and other haters will sure bite their fingers in regret for not joining mmm on time.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Ay04z(m): 11:52am On Nov 16, 2016
am already a millionaire with another one bigger Dan dis....u beta join before poorverty build duplex in u.....smiles...

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:52am On Nov 16, 2016
HOW DOES MMM GENERATE THEIR OWN MONEY*

One pertinent question people always ask is *“How does MMM make their own money? Since they don’t touch participants’ money, how then do they make money to, at least, maintain their web presence? etc”*

The answer is simple. *GOOGLE PAYS MMM*

But then, the internet-savvy guys amongst us will ask, *“But MMM doesn’t advertise Google products on their website, how then is it possible?”*

MMM leverages on Google products for almost all of its campaigns and awareness, and Google appreciate them handsomely for that. Let me itemize:

✅ MMM exclusively uses Google forms to capture the details of applicants for positions in the community, such as Guiders, consultants, promoters, advertisers etc.

✅ A staggering number of prospective guiders are trained every month across the various countries MMM is in, and they make use of almost only Google products to execute their tasks, such as Google sheets, Google slides, Google docs etc.

They kind of help Google increase the repertoire of information they can present to its users/searchers

✅ This is, perhaps, the most significant source of income for MMM

*YOUTUBE! (owned by Google)*

If you already have an account with MMM, kindly go to the News section of your account. You should notice that MMM recommends, on the average, 4 Community Development Tasks for its participants. And at least one of these tasks requires creating an awareness video. Imagine just one fourth of the over 2million participants in Nigeria alone (not considering other countries oo) executing this task!!??

That’s not all oo..

Participants are financially incentivized when they create nice video testimonials about MMM after Gotten Helped.

Now, what does MMM do with all these videos? They upload it on YouTube. You will definitely agree with me that Youtube is awash with videos about MMM. And what does Youtube do with them? They monetize it!

What does that mean? YouTube knows that MMM, being the rave of the moment will attract lots of viewers to its related videos. So they seize the opportunity to place ads in these videos so people can see them as they watch the video. So, advertisers pay YouTube for showcasing their adverts, and YouTube shares the profits with MMM.

It is these profits that are used to foot the financial implications of running MMM.
Pass it on..

2 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 11:52am On Nov 16, 2016
cheesy grin grin, all I can do.
tundejoseph4:
e dey pain u say some friends dt u think will not make it, is now spending money just like. God knows ur mind and surely will surely pay u back accordingly.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 11:53am On Nov 16, 2016
slimany:


HOW DOES MMM GENERATE THEIR OWN MONEY*

One pertinent question people always ask is *“How does MMM make their own money? Since they don’t touch participants’ money, how then do they make money to, at least, maintain their web presence? etc”*

The answer is simple. *GOOGLE PAYS MMM*

But then, the internet-savvy guys amongst us will ask, *“But MMM doesn’t advertise Google products on their website, how then is it possible?”*

MMM leverages on Google products for almost all of its campaigns and awareness, and Google appreciate them handsomely for that. Let me itemize:

✅ MMM exclusively uses Google forms to capture the details of applicants for positions in the community, such as Guiders, consultants, promoters, advertisers etc.

✅ A staggering number of prospective guiders are trained every month across the various countries MMM is in, and they make use of almost only Google products to execute their tasks, such as Google sheets, Google slides, Google docs etc.

They kind of help Google increase the repertoire of information they can present to its users/searchers

✅ This is, perhaps, the most significant source of income for MMM

*YOUTUBE! (owned by Google)*

If you already have an account with MMM, kindly go to the News section of your account. You should notice that MMM recommends, on the average, 4 Community Development Tasks for its participants. And at least one of these tasks requires creating an awareness video. Imagine just one fourth of the over 2million participants in Nigeria alone (not considering other countries oo) executing this task!!??

That’s not all oo..

Participants are financially incentivized when they create nice video testimonials about MMM after Gotten Helped.

Now, what does MMM do with all these videos? They upload it on YouTube. You will definitely agree with me that Youtube is awash with videos about MMM. And what does Youtube do with them? They monetize it!

What does that mean? YouTube knows that MMM, being the rave of the moment will attract lots of viewers to its related videos. So they seize the opportunity to place ads in these videos so people can see them as they watch the video. So, advertisers pay YouTube for showcasing their adverts, and YouTube shares the profits with MMM.

It is these profits that are used to foot the financial implications of running MMM.
Pass it on..


cheesy u are deceiving your very own self. wink

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (12) (Reply)

Biography Of Taiwo Afolabi, SIFAX Group CEO, Owner Of Shipping Company, Others / Using ATM: 3 Lessons I Learned At The ATM Spot This Morning / Bawo Daniel Emami Weds In Warri, Uses Money Spraying Gun

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 57
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.