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Nairaland Forum / Nairaland / General / Investment / SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud (88882 Views)
Avoid Ponzi Schemes! SEC Warns Nigerians / MMM Participants Celebrate The Return Of MMM Nigeria (Videos) / CBN Warns Nigerians Against “MMM”, Calls It Wonder Bank (2) (3) (4)
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by mckoolcharming(m): 12:41am On Sep 01, 2016 |
PaulIdu: old story that was resolved... check d new story Oga rumor mongah 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by PaulIdu: 12:44am On Sep 01, 2016 |
mckoolcharming: You are clearly a member of this fraud syndicate ..so went on to create a Nigerian version of Mavrodi scam so you can steal from Nigerians ..shei u reside in south Africa 19 Likes 3 Shares |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by rusher14: 12:48am On Sep 01, 2016 |
Joel3: I know say you must still cry. Sorry quoted wrong person. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Kenbee001: 1:15am On Sep 01, 2016 |
niggi4life:The issue I think is you're bent on making it look bad. Is there any law stopping them from providing help into the same system. Pls you show balance your thoughts on any issue 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Kenbee001: 1:18am On Sep 01, 2016 |
PaulIdu:Watch it! Have you even tried to get into the system? ![]() 7 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Goyim: 1:37am On Sep 01, 2016 |
I was asked to come a job interview and also dress smart while coming. Had to travel and leave my state to go there. I was very exited and prepared. When i got there a young fellow told me to pay 180k to join one MMM scheme like that. Tears rolled freely from my eyes when i heard the amount. 8 Likes 1 Share
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by ojotobiloba1: 3:26am On Sep 01, 2016 |
It is so so so so real, I got moi alert yesterday 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Idrismusty97(m): 4:10am On Sep 01, 2016 |
30%! It seems too good to be real. But it is real as i have confirmed from many friends who did it early, But this isn't a scheme that will last long. I pity the late arrivals...They will suffer most. I mean where the fvck did they get the 30% from, Thin air? If you still really want to try it then you better hurry, As for me i will pass. This isn't real investment, It is blind risks. 23 Likes 2 Shares |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 6:16am On Sep 01, 2016 |
ochuski: Yes of course, the fraud is real. Read about their scam in Russia and what was the end of those who rejected the warning 6 Likes
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by finalboss(m): 6:54am On Sep 01, 2016 |
i know dat things is a fraud... duped my fwend 20k . stupid people still doing it mtcheew 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by winkmart: 6:55am On Sep 01, 2016 |
they are pained because banks are complaining. A scheme that is changing people's lives. What has the Government done for Nigerians. Anything that doesn't favour the Elite is considered wrong in this country. Read more about MMM here www.wenogetjob.com 5 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by aminho(m): 6:58am On Sep 01, 2016 |
Joel3:oga take it or leave it i lost 500k naira on mmm its a fraud 11 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by helovesme(f): 6:58am On Sep 01, 2016 |
So after the whole nospectro fiasco. People are still falling for these Ponzi schemes/scams? ![]() 6 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by aminho(m): 7:00am On Sep 01, 2016 |
MMM is a fraud i lost 500k naira and a friend if mine lost 3mil dont fall for it 14 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by helovesme(f): 7:00am On Sep 01, 2016 |
Do people still remember the other very popular Ponzi scheme/scam "SEFTEG"? I'm utterly shocked to find out that people are still falling for these scams. 6 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by jackson44(m): 7:01am On Sep 01, 2016 |
[quote author=mckoolcharming post=48968958] MMM IS NOT a Ponzi Scheme, cos in a Ponzi scheme, old members don't put back their money. IN MMM, BOTH OLD AND NEW MEMBERS CONTINUOUSLY PUT IN MONEY BEFORE THEY CAN BE HELPED SUBSEQUENTLY. I was actually waiting to see this. Not surprised! SEC will not stop a bank from 1. Taking N65 from my account after ATM use 2. Illicit withdrawal from my accounts 3. killing depositors with high interest rate BUT will tell Nigerians their concerns when Nigerians are happy with a system. Am happy, this shows that MMM is truly working. I want to make it clear here that in my view our conventional banking system is also a Ponzi scheme... Oh yes. Why Not? They take from our large pool of deposits to grant loans and in the end give us peanuts as interest but when we are the ones paying interest we pay through our nose. If banks are not operating a ponzi scheme, what happens when all depositors assemble to withdraw our cash. they will tell u ,they have a network problem. 3 Likes 1 Share |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nwereonye(m): 7:01am On Sep 01, 2016 |
The best still remains Tine God Networks Ltd. Our head office is here in Ajao Estate. Check my signature for details. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by engrshakespeare: 7:02am On Sep 01, 2016 |
mckoolcharming: Fraudster spotted 10 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by onatisi(m): 7:02am On Sep 01, 2016 |
Nigerians no dey learn from history They have forgotten the cases of "magic banks" pennywise " " networks" in 2006 12 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Xview(f): 7:03am On Sep 01, 2016 |
ochuski:Reading and comprehending, nice one. Is just a shear warning to entire public of the impending risk 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by d4guy: 7:03am On Sep 01, 2016 |
Joel3:Where is the extra 20k coming from ? Are you helping with interest ? Or ur money just grows miraculously? 12 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by JeffreyJamez(m): 7:03am On Sep 01, 2016 |
Just look at!.... It's not the first 100,00-1,000,000 people that will suffer..... It's simple logic.. Continue paying them so they preach it and make noise about it until we get to a certain amount of people and close shop... This thing has been done over and over and over again.. .but some people won't learn.. ..lazy Nigerians everywhere..... You go just put money siddon dey wait 30% RIO every month?!.... Stinks to high heavens!! 13 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by JeffreyJamez(m): 7:04am On Sep 01, 2016 |
onatisi: Gbam!! 4 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by AdeolaOmoOba(m): 7:05am On Sep 01, 2016 |
tuniski: Isn't that what banks are doing? Is there any greater business scam in Nigeria other than the cost of running a nation (as a business venture) and banks? |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by helovesme(f): 7:06am On Sep 01, 2016 |
onatisi: Honestly. I'm shocked. Now that SEC has issued an official notice/warning, this MMM scheme is going down very soon. Messages will have been sent to banks/EFCC to locate all their accounts and freeze them. 8 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by JeffreyJamez(m): 7:07am On Sep 01, 2016 |
winkmart: How dare you compare MMM to a banking system?..... Are you that Dull? ![]() 17 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by dayleke: 7:07am On Sep 01, 2016 |
Chai!!!!! The dog that will get lost will not hear the hunter's whistle,na so dem talk o...... Aja ti yoo ba sonu,ko ni gbo fere olode, O ma se o..... 4 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Topestbilly(m): 7:07am On Sep 01, 2016 |
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by samexycool(m): 7:07am On Sep 01, 2016 |
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by engrshakespeare: 7:07am On Sep 01, 2016 |
Joel3: Fraudster spotted, you sound like a GNLD member. Spewing trash. You always here them saying they are helping others while stealing from u. 9 Likes 1 Share |
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