While Nigerians are still waiting for regainging an acess to their Mavrodi Mondial Movement (MMM) accounts that were frozen for about a month, local reporters and journalists keep investigating the facts about the Ponzi scheme and its founder.



According to Wikipedia: МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion.

After MMM was closed by Russian police in 1994 (it didn't crash), it was reported that over 50 individuals committed suicide. The exact figures are not known even to the founders. It was shut down by Russian police in 1994, declared bankruptcy in 1997.

In 2011, MMM re-opened as "MMM Global" with up to 110 subsidiaries per country, it became widely popular in various African countries like South Africa , Nigeria , Zimbabwe, Ghana and Kenya.

From the above facts, I want to believe Mavrodi, owner of MMM took time to plan. Between 1997 and 2011 (four years), Mavrodi must have spent most of his time to plan and strategize for a more successful scheme.

MMM is set to resume operations on January 14, 2017 and they have taken a lot of steps to make sure that the scheme survives the turbulence as the media and other financial institutions are trying to create panic among the participants of MMM. Steps that shows MMM is here to stay i Nigeria:

1. MMM now has a customer care service - Just like other multinationals like MTN and DSTV have customer care lines you can call to make complaints, MMM now has the same as they have employed people who are currently undergoing training on how to attend to participants and seamlessly resolve issues that might arise.

2. Online Help Setrvice: You can now chat with online help representatives of MMM just as is applicable with other sites that have massive traffic.

3. Introduction of MAVRO-BTC: This is to cushion the ever rising and falling rates of the bitcoin system. Mavro-BTC (mavro bitcoin) will ensure stability as the rates will be steady and only experience slight changes as compared to the sharp and frequent Bitcoin rates.

read more at http://www.cetvng.com/2017/01/mmm-owner-mavroski-has-learnt-his.html

What is not however mentioned is that the Russian government took the money from MMM office. They took it and never returned it

wow