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MMM (http://nigeria-)- Is It Legit Or A Scam? - Business - Nairaland

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Good Day My People. Can Anyone Confirm This (business ) Is It Legit Or In-legit / Please Help, Iproo.net Legit Or Scam / (pic) See Why Nigeria Is Broke (2) (3) (4)

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MMM (http://nigeria-)- Is It Legit Or A Scam? by irririchris(m): 7:12am On Aug 18, 2016
I feel i owe this research to Nairalanders, having been saved by Nairaland from scam thrice now...
After reading the post, I hope you take precaution..

Have you heard about MMM? the question keep thronging in... With me promising to run an extensive research on it... and now I finally did...
MMM whose founder is Sergei Mavrodi
Question 1. Who is Sergei Mavrodi?
Answer:
According to Wikipedia... Sergei Mavrodi is: is a Russian criminal and a former deputy of the State Duma. He is the founder of the МММ series of pyramid schemes. In 2007 Sergei Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).

MMM activities
In 1989 he founded MMM.

He was then elected to the State Duma, thereby obtaining parliamentary immunity. Mavrodi declared MMM bankrupt on December 22, 1997, then disappeared, and was on the run until his arrest in 2003.

In 1998 Mavrodi created Stock Generation, allegedly a classic pyramid scheme presented as a "virtual stock market game". The website ran from 1998 to early 2000. The Massachusetts district court initially found that U.S. Securities and Exchange Commission was unable to cite Stock Generation's founders and owners for securities violations. However, the United States Court of Appeals reversed this decision in 2001, concluding that the SEC alleged sufficient facts to state a triable claim. In 2003 the SEC obtained permanent injunctions against SG Ltd. and relief defendants SG Perfect and SG Trading, which profited from the disbursement of funds fraudulently gained by SG Ltd.

On April 28, 2007, a Moscow court sentenced him to four and a half years in a penal colony. The court also fined him 10,000 rubles ($390).

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!" Mavrodi said that his goal with MMM-2011 is to destroy the current financial system, which he considers unfair, which would allow something new to take its place. MMM-2011 was able to function openly as Ponzi schemes and financial pyramids are not illegal under Russian law. In May 2012 he froze the operation and announced that there would be no more payouts.

In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid. He has also launched MMM in China. He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America. As of September 2015 it had spread rapidly in South Africa with a claimed 1% per day or 30% per month interest rate scheme and warnings from both the South African and Russian Communist Parties for people not to participate in it.
On the home page of the website is this image.. ATTENTION!
YES, IT IS POSSIBLE TO EARN30% PER MONTH HERE, BUT THIS IS NOT A HYIP!
This is a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid. This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world's unjust financial system. Financial Apocalypse! Before you join, be sure to be acquainted with our IDEOLOGY!

And these: “We are in more than 118 countries! More than 200 participants around the world..”
Clicking on the page:: MMM ABROAD... I saw only 12 countries listed and they are:
India, Indonesia, Malaysia, Hong kong, Bangledesh, Philippines, Thailand, Japan, Republic of South Africa, Turkey, Peru Eastern Africa.
Question 2: where are the remaining 105 if we are to include Nigeria... ?
At the footer of the pages, I can see "© MMM Federal Republic of Nigeria"
Question 3: Are they in anyway collaborating with the Federal Government of Nigeria?
... On checking scamadviser.com.. I got the details of the screenshots..

Title: MMM Federal Republic of Nigeria - Official Website

Domain Age: 291 Days
Website Speed: Very Fast
Website Value: $91960.60

Organisation: Whois Privacy Corp.
Owner: Domain Admin
Owner Address: Ocean Centre, Montagu Foreshore, East Bay Street
Owner City: Nassau
Owner Postcode: 0000
Phone Number: +1.5163872248 United States
Phone Type: geographic :New York
Please evaluate that yourself... How on earth can you track them if things eventually go wrong?
This was published in August 2015 “Notorious Russian scammer Mavrodi successfully launches Ponzi scheme in South Africa”.
You can confirm via these blog links https://www.rt.com/news/312782-mmm-mavrodi-financial-pyramid/
Mere looking at the videos on the website, its obvious most of the shots were from S.A.

While in prison in 2011
https://themoscowtimes.com/articles/new-mmm-offers-20-returns-4101

Book by Sergey Mavrodi:
Lucifer’s Son


Excerpt:: Does the Devil exist? Is there really a fallen angel named Lucifer? Are the temptations that beset mankind the products of an evil Satan? Are the fires of Hell a reality? And your answers to these questions are:_____? Lucifer’s Son is a series of temptation, of good vs evil and explores real terror as Russia’s Master of Horror Sergey Mavrodi introduces us to his world… the world of angels and devils, of Lucifer and Lucifer’s son, the world of temptation and seduction, a world as raw and rough as a Russian winter in his latest masterpiece of deviltry and suspense. In a world of horror and fear that is almost too realistic to be fiction, Mavrodi’s characters burst forth from the pages, come alive and open up their innermost beings… revelations that will shock and astound the reader, who–while filled with fear and anxiety–will be unable to put LUCIFER’S SON down until the last terrifying climax.
Read more on.. bookreadermagazine.com

To be continued...

Source: http://parroteye..com.ng/2016/08/mmm-httpnigeria-mmmnet-is-it-legit-or.html

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Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by tempem: 7:54am On Aug 18, 2016
Right from the on set...
I was never moved. wink

The stuff isn't straightforward... angry
Some peeps will want to hunt me now. undecided

Sp: It's your money, not mine... kiss

2 Likes

Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Activityj(m): 8:03am On Aug 18, 2016
You tried in your research! But all I know is that I will not advice anybody to try Ponzi scheme because oneday you will wake up&you wouldn't find them! Go for something tangible.

1 Like

Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Originality007: 10:00am On Aug 18, 2016
who cares? i was just payed cheesy all know is that is a good and cool bizness if Nigerians no spoil the biz, cos it makes money to circulate. you help someone and another person help you, that is how money circulate, that is how hunger and poverty is reduce in a society..

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Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by tempem: 3:54pm On Aug 18, 2016
Originality007:
who cares? i was just payed cheesy all know is that is a good and cool bizness if Nigerians no spoil the biz, cos it makes money to circulate. you help someone and another person help you, that is how money circulate, that is how hunger and poverty is reduce in a society..

Tagged... Let's wait for a beautiful story next year..
cheesy cheesy
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Originality007: 4:57pm On Aug 18, 2016
tempem:


Tagged... Let's wait for a beautiful story next year..
cheesy cheesy


yes oo, i belive you will rejoice with me den cheesy cheesy cheesy cheesy, i owe u two bottles of origin
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by IamKollinx(m): 8:58pm On Aug 18, 2016
Who cares to read all these when I get my mavro(money) credited every Tuesday's and Thursday's.
MMM has paid me multiple times, join me today and make money or you keep researching, and when you keep researching, you keep doubting, and when you keep doubting, you keep complaining over Nigeria's economy when you have a thick opportunity to invest on. Chai! Naija, wake up!!!

JOIN TODAY, over 300k members

1 Like

Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by IamKollinx(m): 9:15pm On Aug 18, 2016
I Have Never Met A RICH Person Who Has Never lost Money But I Have Met A Lot Of POOR People Who Has Never Lost A Dime -Robert Kiyosaki-

The Primary Difference Between The RICH & The POOR Is How They Handle FEAR in Investment -Robert Kiyosaki-

Have Positive mindset about investment. You can NEVER be Rich if you are too SCARED of losing Money

SALARY alone can not solve your money problems. You need a Secondary Source of income to e MEDICINE for managing POVERTY, it doesn't CURE it. Only your BUSINESS or INVESTMENT Cures Poverty

Be FINANCIALLY INTELLIGENT

MMM is changing lives - http://nigeria-mmm-guide..com/

1 Like

Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by tityboi: 11:32pm On Aug 18, 2016
Originality007:
who cares? i was just payed cheesy all know is that is a good and cool bizness if Nigerians no spoil the biz, cos it makes money to circulate. you help someone and another person help you, that is how money circulate, that is how hunger and poverty is reduce in a society..

How I wish you knew what they call hyips.if you don't .ask people like us who has 11years experience.ponzi schemes are run in such a way thay the people behind it makes it look real and some may even run for a year plus or shorter period by using peoples fund who deposit funds earlier to pay newly registered.this is to make it real and you will be tempted to push huge sum thinking i t will last forever.this is when they willbe gone without a trace. You need to learn.dont be decieved
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Unionised(m): 5:21am On Aug 19, 2016
tityboi:


How I wish you knew what they call hyips.if you don't .ask people like us who has 11years experience.ponzi schemes are run in such a way thay the people behind it makes it look real and some may even run for a year plus or shorter period by using peoples fund who deposit funds earlier to pay newly registered.this is to make it real and you will be tempted to push huge sum thinking i t will last forever.this is when they willbe gone without a trace. You need to learn.dont be decieved

Yes it will not last forever. It could even be gone by tomorrow.
But when you see an opportunity, grab it with both hands before its gone.

This is highly risky, yes. But so is the business environment in Nigeria.

I have never seen a RICH MAN who has never lost money, but there are lots of POOR MEN who have never lost a dime - Robert Kiyosaki

Don't over-analyse, JUST DO IT.
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Originality007: 9:55am On Aug 19, 2016
tityboi:


How I wish you knew what they call hyips.if you don't .ask people like us who has 11years experience.ponzi schemes are run in such a way thay the people behind it makes it look real and some may even run for a year plus or shorter period by using peoples fund who deposit funds earlier to pay newly registered.this is to make it real and you will be tempted to push huge sum thinking i t will last forever.this is when they willbe gone without a trace. You need to learn.dont be decieved


well life is a risk, samething is bizness, if u dont take it you cant make it in life,but thank you bro for the advice smiley dont worry, wen we get to the bridge we shall cross it, mind you i will b payed again by monday, when i got payed i think we should share a drink together wink hope u wouldnt Two bottles of Origin grin grin grin
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Atesunate15(m): 3:02pm On Aug 19, 2016
are you telling me MMM is not real. brother go and sit down. There is even one now that grow your money 50% in 15 days. Its peer to peer donation too check it outhttp://www.nairaland.com/3298382/mmm-real-more-real
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Atesunate15(m): 3:25pm On Aug 19, 2016
are you telling me MMM is not real. brother go and sit down. There is even one now that grow your money 50% in 15 days. Its peer to peer donation too check it out

0.8.1.6.8.4.0.8.0.9.8
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by desertboom(m): 4:04pm On Aug 19, 2016
Atesunate15:
are you telling me MMM is not real. brother go and sit down. There is even one now that grow your money 50% in 15 days. Its peer to peer donation too check it outhttp://www.nairaland.com/3298382/mmm-real-more-real

Could you share the name of the one paying 50%?
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Analee(f): 7:54pm On Aug 19, 2016
pls am reli interestd bt dnt av moni,pls who wil borow me.tnxx
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Atesunate15(m): 3:27am On Aug 21, 2016
desertboom:


Could you share the name of the one paying 50%?
yes I will be glad to share it with you
08168408098
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Ccarlos: 5:26am On Aug 21, 2016
Ppls needs b careful shaa on all dese networking stuff.
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by madgoat(m): 7:27am On Aug 21, 2016
Analee:
pls am reli interestd bt dnt av moni,pls who wil borow me.tnxx

Clown grin grin grin
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by millhouse: 10:37am On Aug 22, 2016
Peer to peer donation.. Up to 50%
Re: MMM (http://nigeria-)- Is It Legit Or A Scam? by Ccarlos: 12:48am On Sep 23, 2016
Who has been able to verify MMM . how do they
Acquire d 30% dey pay pple as interest.
Abi buhari change no reach their side?

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