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3 Reasons Why MMM Scheme Fooled Nigerians - Investment (4) - Nairaland

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Re: 3 Reasons Why MMM Scheme Fooled Nigerians by SirElaw(m): 7:02am On Feb 03, 2017
condomuser:
I dedicate this FTC to my family and all the good people out there.

If you want Nigeria to get better click "like" if you still believe MMM will pay click "share" (wake up).
I want Nigeria to get better but I'd rather do something tangible about it than click like on a faceless online forum
Re: 3 Reasons Why MMM Scheme Fooled Nigerians by Dayoade92(m): 7:17am On Feb 03, 2017
dominique:


This is so sad. I hope she gets her money back sad
I swear it hurts but she hopes. We hope.

1 Like

Re: 3 Reasons Why MMM Scheme Fooled Nigerians by Dayoade92(m): 7:21am On Feb 03, 2017
maasoap:

Very touching story. She should try to be strong because that money is not gonna come back. I just hope that when realises that, her faith will see her through. That money is huge going by her conditions. Referral bonus made many smart participants to lure many unexposed people into it. Shame of a Nation.
hmmm. Reasons why people give up on life sometimes. I don't blame them. We all know money is important and almost not easy to get. Let's hope. All is well.

1 Like

Re: 3 Reasons Why MMM Scheme Fooled Nigerians by RichEstate(m): 7:53am On Feb 03, 2017
I don't like the idea of mmm but I love people who take risk. Either loss or gain, you'll learn and you're better than any armchair critic. By the way, what's the difference between mmm and what the rich do to us? They have huge amount of money, buy private placement, the company gets listed, people buy the stock and the rich guy withdraws his cash having made returns then it crashed. One winner, many loser. There are many examples, daar communication IPO etc. Then they will deceive further, buy more to minimise your loss.
LESSON: BE FINANCIALLY INTELLIGENT
WHETHER MMM OR ANY APPROVED INVESTMENT, KNOW WHEN TO ENTER AND EXIT. (some people built house with mmm money)

1 Like

Re: 3 Reasons Why MMM Scheme Fooled Nigerians by kaliboi94(m): 8:54am On Feb 03, 2017
condomuser:
It is notable to understand how the MMM Ponzi scheme started and the various factors that helped the Guiders deceive Nigerians into investing their hard earner money.

Without going into much history about MMM, here are the most important reasons why MMM were able to fool Nigerians.

1. They started with a free money promotional campaign ie 30% bonus. As bad as it may sound, the first set of real people who got paid 30% of what they had invested were used as the promotional scapegoats to lure their friends, families and others.

The MMM platform continued its promotional payments of 30%, 40% as the case may be. A lot of Nigerians were enticed with this mouthwatering offer to the extent they couldn't resist joining the scheme. Most of the second set of participants knew quite well they were joining a scam but they just couldn't resist the deal from Hell.

2. MMM website stated "Invest your spare money". Seriously, is there anything like spare money when you live in an unpredictable country like Nigeria.
MMM studied its target market carefully and realized the best way to get more investors is to openly state "invest your spare money". This way you are tormented by your conscience when you invest little thereby you fall for them by investing more, the target market are gullible Nigerians who are so greedy and foolishly ignorant.

3. Greed Greed Greed
An average Nigerian wants to get rich quick "I don't blame some", but I blame the people who deceitfully lured others into joining the scheme. The guiders and individuals greed to get more bonuses was a strong driving force which made the MMM scheme a huge success. Irrespective of the fact that Mavrodi's details has been all over the Internet as a Russian Criminal Nigerians neglected all the hand writing on the wall.

I must say its unfortunate greed played a major role in the MMM scheme. Let's be watchful as the rise of schemes like this is yet to come.

There are currently other schemes on ground silently gathering popularity, let's not let our greed take over our morals.

Protect your money.
you have succeeded in making noise mmm all d way
Re: 3 Reasons Why MMM Scheme Fooled Nigerians by Machoman123: 9:08am On Feb 03, 2017
Re: 3 Reasons Why MMM Scheme Fooled Nigerians by Nobody: 9:47am On Feb 03, 2017
onadana:
MMM didn't fool Nigeria. Buhari did.I was the biggest fool.
undecided
Re: 3 Reasons Why MMM Scheme Fooled Nigerians by deedo93(m): 10:23am On Feb 03, 2017
nzedon50:
please leave mavrodians alone...their money, their investment, their gain or loss not your business.

Leave the O.P lehim kwantinue posting anti MMM threads. as for me my small investment I did MMM done pay me back
Re: 3 Reasons Why MMM Scheme Fooled Nigerians by joseepee(m): 1:24pm On Feb 03, 2017
Nice piece buh leav these ppl alone. Z their failure ur source of joy

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