Datkachi:
I registered without referral or guider hope it won't affect my account

tempem:
Hmmm..

tecmon:
What exactly is MMM pls

Datkachi:
I registered without referral or guider hope it won't affect my account

seighapaul:
[b]We (Nigerians) are the cause of our own problems. I honestly believe that if we all abide by the principles and ideology of MMM, this program will last longer than forecasted.

The latest "un-healthy" trend in MMM is the "Chaotic Referral 10% Rush". Where participants send out spam sms, bulk emails and throw out their referral link on every forum site they can find. I know some will say that's the purpose of the referral program. Personally, I feel this referral hustle will just flood the system (MMM) with unserious and ill informed participants, who just derive joy in clicking the "Provide Help" green button in their private back office. More than 70% of this class of ill informed participants will end up not have the guts to finally pay their beneficiaries when the time comes. Am a living example, 6 days after being paired to receive payment of N100,000, am yet to get an alert...all because of cold feet or one excuse or the other from the sender. I called the first sender and he complained the money he was expecting didn't materialize, 48hrs later, the next sender didn't even know how the program works, another 48hrs later, the current guy doesn't speak English and has no clue how he got enrolled in the program. Even their Guider's have no clue on how these guys got enrolled in the program.

So you can see how this will affect the smooth running of the program. As long as participants keep this "Chaotic Referral 10% Rush", the program will frequently experience un-healthy delays in payments.[/b]

seighapaul:
[b]We (Nigerians) are the cause of our own problems. I honestly believe that if we all abide by the principles and ideology of MMM, this program will last longer than forecasted.

The latest "un-healthy" trend in MMM is the "Chaotic Referral 10% Rush". Where participants send out spam sms, bulk emails and throw out their referral link on every forum site they can find. I know some will say that's the purpose of the referral program. Personally, I feel this referral hustle will just flood the system (MMM) with unserious and ill informed participants, who just derive joy in clicking the "Provide Help" green button in their private back office. More than 70% of this class of ill informed participants will end up not have the guts to finally pay their beneficiaries when the time comes. Am a living example, 6 days after being paired to receive payment of N100,000, am yet to get an alert...all because of cold feet or one excuse or the other from the sender. I called the first sender and he complained the money he was expecting didn't materialize, 48hrs later, the next sender didn't even know how the program works, another 48hrs later, the current guy doesn't speak English and has no clue how he got enrolled in the program. Even their Guider's have no clue on how these guys got enrolled in the program.

So you can see how this will affect the smooth running of the program. As long as participants keep this "Chaotic Referral 10% Rush", the program will frequently experience un-healthy delays in payments.[/b]

AyaSunday:


How much are you expecting to receive help for?

seighapaul:


I provided and successfully transferred help of N500,000 and l was recently paired with 6 participants to get help of total N772,000 (initial capital + 30% + $50 signup bonus). 4 of the participants transferred their money successfully without any issues but the remaining two (about N150,000 total), was a total headache. I finally got payment from one sender today but the final one is an aboki that doesn't speak English and seem not to know how he got registered in the program. I have to wait till Tuesday when his 96hrs elapse before I get re-matched with a new sender.

seighapaul:
[b]We (Nigerians) are the cause of our own problems. I honestly believe that if we all abide by the principles and ideology of MMM, this program will last longer than forecasted.

The latest "un-healthy" trend in MMM is the "Chaotic Referral 10% Rush". Where participants send out spam sms, bulk emails and throw out their referral link on every forum site they can find. I know some will say that's the purpose of the referral program.

Personally, I feel this referral hustle will just flood the system (MMM) with unserious and ill informed participants, who just derive joy in clicking the "Provide Help" green button in their private back office. More than 70% of this class of ill informed participants will end up not have the guts to finally pay their beneficiaries when the time comes. Am a living example, 6 days after being paired to receive payment of N100,000, am yet to get an alert...all because of cold feet or one excuse or the other from the sender. I called the first sender and he complained the money he was expecting didn't materialize, 48hrs later, the next sender didn't even know how the program works, another 48hrs later, the current guy doesn't speak English and has no clue how he got enrolled in the program. Even their Guider's have no clue on how these guys got enrolled in the program.

So you can see how this will affect the smooth running of the program. As long as participants keep this "Chaotic Referral 10% Rush", the program will frequently experience un-healthy delays in payments.[/b]

seighapaul:
[b]We (Nigerians) are the cause of our own problems. I honestly believe that if we all abide by the principles and ideology of MMM, this program will last longer than forecasted.

The latest "un-healthy" trend in MMM is the "Chaotic Referral 10% Rush". Where participants send out spam sms, bulk emails and throw out their referral link on every forum site they can find. I know some will say that's the purpose of the referral program. Personally, I feel this referral hustle will just flood the system (MMM) with unserious and ill informed participants, who just derive joy in clicking the "Provide Help" green button in their private back office. More than 70% of this class of ill informed participants will end up not have the guts to finally pay their beneficiaries when the time comes. Am a living example, 6 days after being paired to receive payment of N100,000, am yet to get an alert...all because of cold feet or one excuse or the other from the sender. I called the first sender and he complained the money he was expecting didn't materialize, 48hrs later, the next sender didn't even know how the program works, another 48hrs later, the current guy doesn't speak English and has no clue how he got enrolled in the program. Even their Guider's have no clue on how these guys got enrolled in the program.


So you can see how this will affect the smooth running of the program. As long as participants keep this "Chaotic Referral 10% Rush", the program will frequently experience un-healthy delays in payments.[/b]

bro this is very true , people are just registering every tom dick nneka & ojo without proper education,...some folks don't even know when they are matched to pay some1, some of them pay & do not know that they are suppose to upload evidence , some register dead lines yet don't check their PO,..its really annoying, MMM is like a gift , that if well managed , would go on & on as long as money continues to be relevant , ...There are rules, simple rules , yet some pple cannot abide . it is such pple that would Bleep the system up,...I keep tell them MMM is only for serious & sincere minded pple with money to spare , Thats it. It is not for everyone !

Kezzy24:
Please my question is,where is the 1% daily that amounts to 30%,gotten from?
Thanks.

FADEO:


MMM is a ponzi scheme and a cash gift system that is illegal in the US and you can go to jail up to 7years in some states if you participate in this system.

Anyway if you are in it, enjoy it while it last.

Kezzy24:
Please my question is,where is the 1% daily that amounts to 30%,gotten from?
Thanks.

seighapaul:


I provided and successfully transferred help of N500,000 and l was recently paired with 6 participants to get help of total N772,000 (initial capital + 30% + $50 signup bonus). 4 of the participants transferred their money successfully without any issues but the remaining two (about N150,000 total), was a total headache. I finally got payment from one sender today but the final one is an aboki that doesn't speak English and seem not to know how he got registered in the program. I have to wait till Tuesday when his 96hrs elapse before I get re-matched with a new sender.

natakin:


Kezzy let me explain with an example on how it works....it works exactly like (in yoruba-Ayanilowo fowopamo) or Esusu...if i get the words right....like our grand mother do back in the days when a group of friends come/put money together say 5 of them, and one collects all this month and the other collects all next month and on and on....you see that the strength of that thing is on the entire 5s commitment, truthfulness, benevolence, kindness....

THIS IS EXACTLY WHAT MMM is but instead of 400 percent, members in MMM get 30 percent....cheers brother

AyaSunday:

With your example, our grandmothers paid the money back by still continuing their contributions even after collecting their own share. But in MMM, we can opt out after collecting our share so your example is not valid for mmm

Datkachi:
pls what are u supposed to do if someone doesn't confirm ur payment

natakin:


FADEO...LOL...PADI....MMM is not a a cash gifting organization o...please do your research well...its a community with people who are willing to help a fellow brother/sister with their spare money...please spread the good news....

FADEO:


NATA,, thread carefully, dont get greedy

Read this

Everything you need to know about the MMM Bitcoin scam
by Duncan Riley | Feb 29, 2016

Everything you need to know about the MMM Bitcoin scam
If you haven’t heard of the MMM Bitcoin scam yet consider yourself lucky, but this Ponzi scheme continues to do the rounds, both in the developing world and first world, to the point where SiliconANGLE’s previous coverage continues to gain traffic as more and more “members” attempt to sign up new users.
So what is the MMM Bitcoin scam, which often goes by the name of MMM Global and regional variations such as MMM China? (Now MMM Nigeria)

Here’s everything you need to know about the MMM Bitcoin scam.

What is MMM Global

The original MMM was set up by Sergey Mavrodi in 1989 and morphed into a Ponzi scheme in around 1994, primarily based out of Russia.
That original version of MMM resulted in Mavrodi, a former Russian parliamentarian, being jailed for fraud for running it.
The current MMM Bitcoin version emerged in around 2011 following Mavrodi’s release from prison, and follows the same Ponzi structure as the original.
What is a Ponzi scheme

A Ponzi scheme is an illegal investment scheme where the person or organization running it pays returns to existing investors from capital paid into it by new investors, rather than profit actually earned by the company itself.

Typically companies running such schemes offer higher than usual profits. Variations include the High Yield Investment Program (HYIP) which MMM Global falls under, in that it offers particularly high (even for Ponzi scheme) returns, or as the name suggests, a high yield.

What is MMM offering


MMM Global/China likes to cloak what it’s offering by saying that it’s not a HYIP scheme, but a “mutual-aid program” where members pay each other … which is really just a fancy way of saying they’re a Ponzi scheme without actually saying so outright.

The MMM scam’s mutual-aid program promises a 30 percent monthly return to investors who invest as little as $10, payable only by Bitcoin.

A side program call “MMM Extra” offers a full-blown HYIP rate of a staggering 100 percent per month, or a cumulative 409,600 percent per year; if that doesn’t ring alarm bells you probably deserve at this point to lose your money to them.
MMM MLM & Affiliate programs

MMM Global/China isn’t simply just your based level Ponzi scheme, at least in its current incarnation, in that it offers both an affiliate scheme and multi-level marketing (MLM) scheme on top of the base offering.

MMM Global
An affiliate scheme is one where you obtain a “referral” bonus (usually a percentage or set amount) for doing certain things, and is a completely legitimate way to make money, at least when it’s not referring people to something that is illegal to begin with, and was popularized online by Amazon.com, Inc.

With MMM, those who sign up are able to obtain affiliate payments for referrals or for posting positive testimonials online, with users receiving 10 percent from what the company refers to as “all donations of the participants you invited.”

A multi-level marketing scheme is a system where a sales force is given a commission not only for sales they generate directly, but a cut of the salespeople they have recruited make as well; while an MLM in and of itself is not illegal (Amway is the most famous MLM of them all) many MLM’s end up being illegal as they rely more on the revenues passed along via the “downline” (the path from original recruiter down multiple levels as people they have signed up sign up others, and so forth, often as far as 10 levels deep) than they do the original product they were allegedly trying to sell.

The MMM MLM involves power users becoming managers who create their own multi-level multi-level structure that offer tiered bonuses from all contributions of the members of their structures, which in this case is their downline.

Is MMM Global/China legal?

MMM claims among other things that it’s not a high-yield investment program (HYIP), and that it is legal, because it is a mutual benefit fund that sees people “help each other for free, and absolutely consciously … transfer money directly to each other, from one bank account to another, without any conditions, guarantees and promises.” This is complete and utter rubbish.

Ultimately the test of any of these sorts of things is whether the company involved is actually offering a product, or simply relying on payments from new investors to fund the returns of existing investors, and that’s exactly what MMM Global does.

A Ponzi scheme is most definitely illegal in all Western jurisdictions, and in countries like China is classified as an unlicensed investment organization, which also makes it illegal.

If I invest in MMM, will I get into trouble?

The obvious answer is not to invest in a scam like MMM Global to begin with, but lets just say you do, or already have.
There’s no clear answer here as it depends on the country you live in; ultimately authorities are primarily going to be interested in those running the scheme versus those sucked into it as investors (potentially victims).

However, there is usually a distinct line between those who join, and those who actively recruit.
If you are recruiting people to MMM Global/China or any of its similar country based variants, you are promoting an illegal activity and you may well be liable to prosecution.

A not to dissimilar Bitcoin-based Ponzi scheme ran through Hong Kong and Taiwan last year and in both countries those promoting it, that is not the founders but those who signed up then tried to sign up others, were arrested over their involvement.
There would be no difference in mainland China, or indeed any western country, should you be involved at this level.

I’ve invested in MMM but can’t get my money out, what do I do?

If you’ve already invested not knowing what you were getting yourself into, the bad news is that it’s highly unlikely you’ll ever get your money back. However that doesn’t mean that you can’t do anything.

Report the scam to local authorities, that may mean local or State police, or even Federal Organizations ranging from the FBI, through to securities bodies such as the Securities and Exchange Commission (SEC) in the U.S., and the Australian Securities and Investment Commission (ASIC) in Australia. (Nigerian Securities and Exchange Commission)

You may have lost your money by investing in MMM Global, but that doesn’t mean you can’t help stop others getting caught up in the scam and assist in putting the people running it behind bars, where they deserve to belong
http://siliconangle.com/blog/2016/02/29/everything-you-need-to-know-about-the-mmm-bitcoin-scam/

alwelldinho:
I concur, MMM is scam but with MMM i have been able to get a piece of land, i already started a structure on it. With MMM, im securing my future with a reasonable investment. Keep reading what oyibo people wrote while we boldly the risk. I dont need people like you with a negative mindset around me to succeed in life. i got the balls and i joined MMM, whatever outcome, i take it as a man. Im one guy MMM has touched his life positively....