Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,208,008 members, 8,001,089 topics. Date: Tuesday, 12 November 2024 at 10:34 PM

Pls How Reliable Is MMM Nigeria - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Pls How Reliable Is MMM Nigeria (20045 Views)

Ultimate Cycler Server Crashes. Is MMM Next? (Photo) / MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian / Is MMM Networking Real Or Fake? -an Analysis Of The MMM Social Financial Network (2) (3) (4)

(1) (2) (Reply) (Go Down)

Pls How Reliable Is MMM Nigeria by Zealoy(m): 11:46am On Jul 05, 2016
fellow nairalanders I want to invest like 150k into mmm but the problem is that I don't know how reliable n trust worthy the scheme is, pls advise n information is highly welcome

1 Like 1 Share

Re: Pls How Reliable Is MMM Nigeria by Ak47young(m): 11:58am On Jul 05, 2016
If you want a heart attack please do my bro invested 200k and they just took it away. He can't get help but am sure the person that invited you will say otherwise after all he is getting 15k from it

Re: Pls How Reliable Is MMM Nigeria by otitokoroleti: 1:12pm On Jul 05, 2016
Ak47young:
If you want a heart attack please do my bro invested 200k and they just took it away. He can't get help but am sure the person that invited you will say otherwise after all he is getting 15k from it
Ovoko!
Re: Pls How Reliable Is MMM Nigeria by Funpeter: 9:30pm On Jul 15, 2016
Ak47young:
If you want a heart attack please do my bro invested 200k and they just took it away. He can't get help but am sure the person that invited you will say otherwise after all he is getting 15k from it
Are you sure of this? and up till now he as not gotten help

1 Like

Re: Pls How Reliable Is MMM Nigeria by Zealoy(m): 1:24pm On Jul 17, 2016
Ak47young:
If you want a heart attack please do my bro invested 200k and they just took it away. He can't get help but am sure the person that invited you will say otherwise after all he is getting 15k from it
he should write to support center n lay his complaint
Re: Pls How Reliable Is MMM Nigeria by achieverme(m): 3:34pm On Jul 17, 2016
Someone with a functional brain will know it is only wise to invest very little amount into a program like MMM Nigeria. Only a fool will invest huge amount of money at start. What if it disappears? There are so many what ifs to consider, considering the fact that the founder of MMM Global is a known Russian fraudster. I hope you guys won't ask for evidence. If you do, i wil post evidence here and anyone who reads it will NEVER want to invest in MMM again.

2 Likes

Re: Pls How Reliable Is MMM Nigeria by Democivil: 6:54pm On Jul 17, 2016
Ak47young:
If you want a heart attack please do my bro invested 200k and they just took it away. He can't get help but am sure the person that invited you will say otherwise after all he is getting 15k from it
but people can lie for africa. look at the date of creation 04/07/16 and today is 17/07/16 is that not 13days! and it takes minimum of 14 days before your mavros can turn to green how come the green mavros. i suspect fraud in dat acc. mmm pays i rest my case.

11 Likes 1 Share

Re: Pls How Reliable Is MMM Nigeria by kasson(m): 11:51pm On Jul 17, 2016
Get free ebook on MMM - The Ultimate Financial Solution Guide

How to register
How it works
How to provide help
How to get help
Freqently Asked Questions (FAQ)
and more...

send your email to: 08095387058
Re: Pls How Reliable Is MMM Nigeria by xolocious(m): 12:01am On Jul 18, 2016
my advice to u Mr op is to desist from MMM. look for something else to invest ur money into, to be forewarned is to be forearm. for more info, do a research on how the business came about and who the fraudster(president of MMM) came about this business. Good luck to you.

2 Likes 1 Share

Re: Pls How Reliable Is MMM Nigeria by neds: 12:38am On Jul 18, 2016
And I'm very much ready to help others see an extra source that will suppress their financial struggles.

Together we will change this world.!!

Interested persons register with this link http:///?i=saynedu@gmail.com

1 Like

Re: Pls How Reliable Is MMM Nigeria by DZTech1: 1:28pm On Jul 18, 2016
If a fixed number of people invest 10k each, where will their profits come from?
You didn't invest in any business or product, there's no IN-COME from anywhere, yet you want to earn 30% profit?
Is it magic?
You can only pay 30% by either-
1. Adding money to your fixed number- ie as a business through a product/service you provide, or
2. Adding more people to your number- ie scam.
neds:
And I'm very much ready to help others see an extra source that will suppress their financial struggles.

Together we will change this world.!!

Interested persons register with this link http:///?i=saynedu@gmail.com

1 Like

Re: Pls How Reliable Is MMM Nigeria by DZTech1: 1:34pm On Jul 18, 2016
At least gnld have products they market. Yet people hate them, talk less of this house of cards.

3 Likes 1 Share

Re: Pls How Reliable Is MMM Nigeria by emmanuelbrown26: 2:12pm On Jul 18, 2016
Dat MMM na confirm nonsensical nonsense, oga if u want to invest google on nairaland business section, i believe u will see
Re: Pls How Reliable Is MMM Nigeria by MurphyInc(m): 6:04am On Jul 29, 2016
MMM is real... I have made close 58k in less than 2 weeks. Why should I lie about it. The creator of the programme is a Russian and I'm a Nigerian.




I will advice you to start small. Say 20k or less so as to know how it works.


Click the link below to register: Http:///?! =Saheedola2020@gmail.com you will be amazed.

4 Likes 1 Share

Re: Pls How Reliable Is MMM Nigeria by akinloluazeez: 9:00am On Aug 07, 2016
hi
Re: Pls How Reliable Is MMM Nigeria by omariojake: 5:42pm On Aug 11, 2016
I like the idea behind MMM, "people helping each other out through the help of a computer system and no centralized deposit account".
The only problem I have is that people do not bother to educate themselves on risky investments. Believe it or not 'There is nothing new under the sun'. 'If it sounds too good to be true, it probably is'.

If you know the characteristics of a Ponzi scheme then you should be able to spot it or tell from a scale of 0 to 10, how much of it is a Ponzi scheme.

If you understand risky investments, you will love Ponzi schemes.

Now I'm not saying that MMM is a Ponzi scheme. It has a powerful idea powered and financed by a community of people who need what it provides 'MONEY'

I've looked at it and asked myself, how could this ever go bad........ but there is always that chance.
What if Mr. M feels that the campaign is ripe enough and decides to send a series of his own bank accounts to receive help?

Well that is not our business. All you need to know is how you can create a game plan to make the most money from MMM with the minimum amount of risk that you are able and qualified to lose.

So here we have it, a great idea for everyone. Unfortunately everyone is not rich because they usually end up losing money where a few makes it. And one last thing, there is no control(nothing you can do to increase your chances of success just like MLM).

My verdict
Know what you are putting your money into. Get some education on risky investments. Don't be surprised when you win money and don't be surprised when you lose it. Even if MMM has a solid foundation that could stand the test of time, it only takes the Government of Nigeria a second to put an end to it if they don't like it.

Hah, I almost forgot, the entry bonus and referral bonus totally killed it. I'll suggest they start doing some advertising to supplement their income. They should have some crazy traffic now.

For those interested in learning about risky investments, I am working on a site www.omariojake..com

MONEY MUST BE MADE!!!!!!!
Re: Pls How Reliable Is MMM Nigeria by okusbaba(m): 6:40pm On Aug 11, 2016
omariojake:


I like the idea behind MMM, "people helping each other out through the help of a computer system and no centralized deposit account".
The only problem I have is that people do not bother to educate themselves on risky investments. Believe it or not 'There is nothing new under the sun'. 'If it sounds too good to be true, it probably is'.

If you know the characteristics of a Ponzi scheme then you should be able to spot it or tell from a scale of 0 to 10, how much of it is a Ponzi scheme.

If you understand risky investments, you will love Ponzi schemes.

Now I'm not saying that MMM is a Ponzi scheme. It has a powerful idea powered and financed by a community of people who need what it provides 'MONEY'

I've looked at it and asked myself, how could this ever go bad........ but there is always that chance.
What if Mr. M feels that the campaign is ripe enough and decides to send a series of his own bank accounts to receive help?

Well that is not our business. All you need to know is how you can create a game plan to make the most money from MMM with the minimum amount of risk that you are able and qualified to lose.

So here we have it, a great idea for everyone. Unfortunately everyone is not rich because they usually end up losing money where a few makes it. And one last thing, there is no control(nothing you can do to increase your chances of success just like MLM).

My verdict
Know what you are putting your money into. Get some education on risky investments. Don't be surprised when you win money and don't be surprised when you lose it. Even if MMM has a solid foundation that could stand the test of time, it only takes the Government of Nigeria a second to put an end to it if they don't like it.

Hah, I almost forgot, the entry bonus and referral bonus totally killed it. I'll suggest they start doing some advertising to supplement their income. They should have some crazy traffic now.

For those interested in learning about risky investments, I am working on a site www.omariojake..com

MONEY MUST BE MADE!!!!!!!
find a better way to promote your blog

6 Likes

Re: Pls How Reliable Is MMM Nigeria by joyandfaith: 7:53pm On Aug 12, 2016
MMM was established in 1989 by Sergei Mavrodi, [2] his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames.
Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion , leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered
American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful. [ citation needed ]
MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi's initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export. [ citation needed ]
MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment. [ citation needed ]
An important factor in the scheme's success was word of mouth, but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov . Another notable marketing effort was a giveaway of free Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others). [ citation needed ]
At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.). [ citation needed ]
Regular publication in the media of the rising MMM share price led President Boris Yeltsin to issue a decree in June 1994 prohibiting financial institutions from publicising their expected income. [ citation needed ]
The success of MMM in attracting investors led to the creation of other similar companies, including Tibet, Chara , Khoper-Invest , Selenga, Telemarket , and Germes . All of these companies were characterised by aggressive television advertising and extremely high promised rates of return. One company promised annual returns of 30,000%. [ citation needed ]
On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide . [ citation needed ]
Several organisations of "deceived investors" made efforts to recover their lost investments, but Sergei Mavrodi manipulated their indignation and directed it at the government. In August 1994 Mavrodi was arrested for tax evasion. However, he was soon elected to the Russian State Duma , with the support of the "deceived investors". He argued that the government, not MMM, was responsible for people losing their money, and promised to initiate a pay-back program. The amount ultimately paid back was minuscule compared to the amount owed. [ citation needed ]
In October 1995, the Duma cancelled Mavrodi's right to immunity as a deputy. In 1996, he tried to run for Russia's presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997. [ citation needed ]
While it was believed that Sergei Mavrodi left Russia and moved to the United States , it is possible that he stayed in Moscow, using his money to change apartments regularly and employ a group of former special agents. With the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies' stocks in a form of the "stock exchange game" on the company's site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission , losses of victims were at least USD 5.5 million. [ citation needed ]
Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long). [ citation needed ] At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007. [ citation needed ] He later went on to creating yet another pyramid scheme called MMM-2011 .
The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies.
In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network". [3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank . [4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg. [5]
In 2016, MMM launched a website targeting the Nigerian audience. [


wikipedia

4 Likes 1 Share

Re: Pls How Reliable Is MMM Nigeria by tunday4real(m): 8:17pm On Aug 12, 2016
Pyramid investment scheme worth £160MILLION shut down after taking money from 162,000 people.

http://www.mirror.co.uk/money/pyramid-investment-scheme-worth-160million-8601621#ICID=sharebar_facebook

1 Like

Re: Pls How Reliable Is MMM Nigeria by cybercares(m): 9:38am On Sep 01, 2016
tunday4real:
Pyramid investment scheme worth £160MILLION shut down after taking money from 162,000 people.

http://www.mirror.co.uk/money/pyramid-investment-scheme-worth-160million-8601621#ICID=sharebar_facebook


It will not happen here in Nigeria, it's not for the greedy.
Re: Pls How Reliable Is MMM Nigeria by Agriman(m): 10:10am On Sep 01, 2016
just put your 5k, don't try put money that you can't dash out.

Did you really want a professional website for your business? Did you want us to set up a blog for you? Did you want us to teach you on how to start online business? If yes, Call us now 08130767357
Re: Pls How Reliable Is MMM Nigeria by skillz: 8:25am On Sep 17, 2016
Ak47young:
If you want a heart attack please do my bro invested 200k and they just took it away. He can't get help but am sure the person that invited you will say otherwise after all he is getting 15k from it
Na confirmed business.....U don't know where ur brother invested his money may be into drugs

2 Likes

Re: Pls How Reliable Is MMM Nigeria by topmost029: 7:26am On Sep 29, 2016
Hello
Am here to give free whatsapp tutorial/ daily mentorship on how to participate on mmm rules and procedures.
Whatsapp .: 07030137440
Re: Pls How Reliable Is MMM Nigeria by SeyiAyorinde(m): 7:37am On Sep 29, 2016
MMM is real! I provided help of 20k on 25/08/2016 paid on 19/09/2016 and got help of 34k yesterday 29/09/2016.

3 Likes 1 Share

Re: Pls How Reliable Is MMM Nigeria by 2dconvention(m): 12:28am On Sep 30, 2016
Ddd

1 Like

Re: Pls How Reliable Is MMM Nigeria by 2dconvention(m): 12:29am On Sep 30, 2016
Ddd
Re: Pls How Reliable Is MMM Nigeria by 2dconvention(m): 1:23am On Sep 30, 2016
Bbb
Re: Pls How Reliable Is MMM Nigeria by adecr7: 9:04pm On Sep 30, 2016
I will advise you to properly educate yourself before venturing into mmm. Here is a link to all information you need on mmm nigeria-mmm.info
Re: Pls How Reliable Is MMM Nigeria by Kingingdave: 9:55pm On Sep 30, 2016
Mmm rocks. I provided help of 300000 on wed today I got help of 445000.

4 Likes

Re: Pls How Reliable Is MMM Nigeria by somez(m): 10:11pm On Sep 30, 2016
He just did it briliantly...
okusbaba:
find a better way to promote your blog

(1) (2) (Reply)

The Naira In 2016: To Devalue Or Not To Devalue? / Nigerian Billionaire Mike Adenuga Offers $600m For Ivorian Mobile Phone Company. / CBN Directs Banks To Accept Deposits Beyond Cashless Policy Limit

(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. 73
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.