Joel3:
this is how it works..

if you help someone. that amount let say N50k. this 50k will enters your mavro account. and it grows at 30% a month. at the end of 30days it will be N70k. so if you request for help. someone will help you with the N70 cash out. the person that help you with 70k another person will help that one at 30days. then u too can help another again and again just like that.

So what happens if after 30 days there is nobody to help with 70k?

niggi4life:
you are still speaking chinese, simple question, how does MMM make their own profit since they don't accept those money, rather people send this money to each other?


Just by letting ppl visit there website is enough to give them huge pay

mckoolcharming:


list the capital projects when food is paramount..... people are yet to feed and you are talking about capital project. if MMM is a risk, I will take it a million times rather than hope on those gullible brethren
Suddenly the government cares about us.
With over 20Million unemployed Nigerian youths and a massive economic recession, the clueless Nigerian Government is telling me that I should not freely give out my spare money and get financial help after 30days!
MMM has changed my live and that of my family and I have one word for the Government and it's agencies. Thanks for the advice.
Now please mind you own business and stay away from mine.

I respect resolve to defend this thing o but it seems like this is your first time of getting into such things. O boy,when it will hit you eh... you eyes go clear,

There has been lots and lots of schemes like this in Nigeria.

mckoolcharming:
as I dey post I just received my pay for
MMM...... mmm is for real I swear

my brother leave them they just dey run their mouth.

mckoolcharming:



If only they will admit that banks are ponzi scheme, then I will agree that MMM is a ponzi scheme.

1. MMM is not an Investment program. We are helping ourselves to be financially free. The government has failed us and we have decided to help ourselves

2. MMM does not collect our money. We pay directly to other people's account.

3. MMM is not a company, as such, there is no point registering with SEC.

4. Is there any law in this country forbidding us to help our brother? If there is, then you can shut us down

5. If the government begins to gives us 24hours electricity, pay a minimum wage of NGN200,000 per month, employs everyone that is unemployed, then we can consider leaving MMM

This is exactly d way i was defending Just Been Paid then... He go soon clear for your eyes.

chimauga:
niggi4life:
you are still speaking chinese, simple question, how does MMM make their own profit since they don't accept those money, rather people send this money to each other?


Just by letting ppl visit there website is enough to give them huge pay

From my first Visit to the website, I knew it was fraud..very tacky.... And it seems you can only deposit with your Debit/credit cards because they have no known centre, only "preaching centers"......

This entire thread is very nostalgic. It reminds me of 1987 and Umana (and his "bank", Resources Managers Ltd ). People on this thread are using the exact same words that were used then. It's like I've travelled back in time.

It was the CBN that gave the warning at that time and so many people insulted the government, but at the end of the day it took the intervention of mobile policemen to quell the outraged customers of Umana.

C

MMM is real. They just want to intimidate people to cause panic

helovesme:


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.

They don't have any account!



I think Nigerian Banks and the FG are the greatest scammers on earth. Bunch of ediots!


Put N500k in a bank, the useless banks will use this money for business, make money, declare phantom profits and pay you N200 interest after a year! Bunch of f00ls.


As far as members of MMM are making their profits, it is NOT and will never be a scam unless proven by the management.


These f00lish leaders sit in their toilets round tripping dollars, declaring Fx profit at the comfort of their homes, and they expect people to remain on the same spot?! NEVER!

BANKS are the greatest scammer! ONLY a F00l will leave large sum of money (millions) with a bank, especially in a recessionary third world economy! Your idle money (savings) is putting wealth on the Table of Corporate Scammers - Banks who go behind doors to condemn MMM when in fact, they do corny and dirty deals.

I only pity some petty news-monger who believe these f00lish leaders have their interest at heart. If you believe MMM will save your finances, go ahead and invest! The f00lish leaders know their survival strategy! They steal the dollars, hide them and push us into recession!

Use your head people! Do not let those suits deceive you! Banks are not better than MMM!

mckoolcharming:
as I dey post I just received my pay for
MMM...... mmm is for real I swear

Wonder banks are back again, be warned.

I see some saying "I just received my pay"...before nko?.. ..when them pay you, sebibyou will withdraw and still put money again, and foolishly, you'll put higher amount so that returns go plenty again ..... Na so you go dey put dey increase your money to receive even higher amount until e shele!! ........ See how gullible people can be.... Dumb broads everywhere.

Someone from nl told me about it yesterday, I just immediately asked him to go and ask about "plan well",he was forming that he has not heard of plan well,I just laughed and told him I wasn't interested

*WHY ARE SOME PEOPLE ENEMIES OF PROGRESS?*

MMM operates just like other financial institutions but the difference is rather than giving you a poor 1-3% interest on your money, MMM gives you a HUGE 30% reward on your money donated.
So is that a scam?
Is "esusu" a scam?
Is the banking system a scam?
Are insurance companies a scam?
Are cooperatives a scam?
Is MMM really a scam?
Is it a scam to have a system that brings a community of people together that financially help one another, willfully without being forced?
Is it a scam to have a system that creates a platform for individuals to combat poverty at its core?
We always say fighting poverty is a collective effort; Now instead of people stealing, cheating or robbing they join their hands in good heart to provide financial help to one another, is that scamming really?
Is it a scam to see families that couldn't afford to bring food on the table now able because of the financial help they have received from other members?
Is it a scam to see students who couldn't afford to have pocket money and monthly allowances in tertiary institutions now able to afford because of MMM?
Is it a scam to see entrepreneurs raising the capital money needed to grow their businesses through MMM after countless rejections from other people and financial institutions due to high interest rates and not-enough collateral so they in return contribute to the economic growth of this country and
create employment to thousands?
I will tell you what a scam is...
A real SCAM is to hinder people of their financial freedom yet encourage them to keep borrowing from your system so that they work for you and pay the rest of their lives if they live that long...
A real SCAM is to have someone work 40 years of his/her life and after retirement that person must take the fruit of his/her years of hard labour and pay the debts and bonds that refused to end because of ever increasing interest rates.
A real SCAM is when your bank sends you an sms alert to inform you that you have earned N0.50 on ur mone.

*#SEC GO TO HELL*

mckoolcharming:
as I dey post I just received my pay for
MMM...... mmm is for real I swear

They will pay you from the money made from new investors. But it is not reliable as such. A time will come when the amount payable to older investors will out weigh the income from new money, then it will crash without any notice or refund scheme. Similar like this existed in the past

We understand d risks jst free mmm for us jooor

ochuski:

Abi?.. I know ur type for school...copy n paste
Better go study medicine or pharmacy.

Abeg i no dey do like dat.. i read, i decipher n push it out d way i understand it.. Am an Enterprenuer.

that's a harsh one on my profession. you can make your point without running someone else's profession.

Pls on this issue government should not involved themselves because they that called themselves government are doing high rate of money in MMM, who are the fraudster? Who are the government? Who are the federal republic on Nigeria? Are not all scammer?

Hmmmm

helovesme:


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.

banks wont do such,they too need money,and Nigerians wont stop pouring money into the scheme because of their greedy nature

Even the foreigners are saying its a Ponzi scheme. Google it and see for yourself.

mckoolcharming:



If only they will admit that banks are ponzi scheme, then I will agree that MMM is a ponzi scheme.

1. MMM is not an Investment program. We are helping ourselves to be financially free. The government has failed us and we have decided to help ourselves

2. MMM does not collect our money. We pay directly to other people's account.

3. MMM is not a company, as such, there is no point registering with SEC.

4. Is there any law in this country forbidding us to help our brother? If there is, then you can shut us down

5. If the government begins to gives us 24hours electricity, pay a minimum wage of NGN200,000 per month, employs everyone that is unemployed, then we can consider leaving MMM

Your people are quick to call out banks. We all know banks generate funds from interest on loans, various bank charges, forex trades, sales of shares etc, and yet no bank can pay you up to 10% per annum currently, yet you believe that a system that has no means of generating money can be paying EVERYBODY 30% per month. You guys are funny.

Let me show you how unsustainable your investment programme is.

For all the people that will give help in a month to get help the following month, there has to be an increase in the total amount of help that will be given in the next month of at least 30%. It means that if the total help given in August is 1 billion naira, by September, there must be at least 1.3 billion naira help given for all the August helpers to get paid. By October, it will be 1.69bn. It will keep increasing like this until the total amount gets to multiples of billion. You will agree with me that a time will come when there won't be any further increase in the amount of help to be given. By that time, the system has plateaued. What will happen to the last set of investors?

If the total help given this month is 1 billion, by next month, it must be 1.3 billion for those of this month to be paid up. By the following month, it must be 1.69 billion. It keeps compounding and after 24 months, it will become 542 billion.
In 36 months, that 1 billion becomes 12.6 trillion.
In 48 months, 294 trillion.
In 60 months, 6.8 quadrillion.

Now tell me, does this look to you like a programme that can be sustained?

nonjebose:
They will pay you from the money made from new investors. But it is not reliable as such. A time will come when the amount payable to older investors will out weigh the income from new money, then it will crash without any notice or refund scheme. Similar like this existed in the past

Until then note dt it takes 3.5 months to break even on d prog if one is nt greedy n mmm ve been paying since January 2016

Mmm is nt for everyone but for risk takers with spare money they can afford to lose

mckoolcharming:
as I dey post I just received my pay for
MMM...... mmm is for real I swear

First time I lost N1. 4m and the next time I lost about N1m, both on ponzi scheme. For life is am done with that nonsense. It's a scam in the long run.

mckoolcharming:



If only they will admit that banks are ponzi scheme, then I will agree that MMM is a ponzi scheme.

1. MMM is not an Investment program. We are helping ourselves to be financially free. The government has failed us and we have decided to help ourselves

2. MMM does not collect our money. We pay directly to other people's account.

3. MMM is not a company, as such, there is no point registering with SEC.

4. Is there any law in this country forbidding us to help our brother? If there is, then you can shut us down

5. If the government begins to gives us 24hours electricity, pay a minimum wage of NGN200,000 per month, employs everyone that is unemployed, then we can consider leaving MMM

How can I join

ILIDEFI:


Your people are quick to call out banks. We all know banks generate funds from interest on loans, various bank charges, forex trades, sales of shares etc, and yet no bank can pay you up to 10% per annum currently, yet you believe that a system that has no means of generating money can be paying EVERYBODY 30% per month. You guys are funny.

Let me show you how unsustainable your investment programme is.

For all the people that will give help in a month to get help the following month, there has to be an increase in the total amount of help that will be given in the next month of at least 30%. It means that if the total help given in August is 1 billion naira, by September, there must be at least 1.3 billion naira help given for all the August helpers to get paid. By October, it will be 1.69bn. It will keep increasing like this until the total amount gets to multiples of billion. You will agree with me that a time will come when there won't be any further increase in the amount of help to be given. By that time, the system has plateaued. What will happen to the last set of investors?

If the total help given this month is 1 billion, by next month, it must be 1.3 billion for those of this month to be paid up. By the following month, it must be 1.69 billion. It keeps compounding and after 24 months, it will become 542 billion.
In 36 months, that 1 billion becomes 12.6 trillion.
In 48 months, 294 trillion.
In 60 months, 6.8 quadrillion.

Now tell me, does this look to you like a programme that can be sustained?

Dead on point. Not even the early exit option makes any financial sense

This is serious, I think the success of MMM lies with its participants. Someone introduced it to me, but yet to invest.

Mr Mavrodi clever use of the psychology of human trust and human greed is quite ingenious.

I made some comments a while ago just stating how i would pull of this heist if I were to be a con man, one dude just started insulting saying i didn't go to school, had empty brain and bla bla. Read through his comments to check if he was not abnormal first and i noticed 85 percent of his posts are about mmm and 85 percent of those had some elements of insults and disrespect,
So i just concluded he wasn't normal, Gave his insultive post a like and a share, then took back my like and share the next day.

Everyone is old enough to bear the consequences of his/her actions.

Anyways, just a reminder, pure water business can give you 50 percent profit.
Buy bag at 100, sell same bag retail maybe 150 or sell per satchet and get 200.

There are many better things to do than put money in risky Ventures.

When you know it will collapse but want to be smart and beat the system.

Good luck to everyone, and hope that when it collapses, you won't have been paid by someone's life savings which he eventually lost and led to hi heart attack.

Shame to Security and exchange Comission,Let Partner with You Enugu, that is duely registered with them is still holding investors's money for more than seven months with no plan of monthly profit/share
or returning the capital!!!

Joel3:
read the ponzi scheme.

the money is a fake liquidity. and not capital. everyone knows liquid investment is of high risk unlike capital.
as long as people don't cash out the same time it will remains. just like bank if everyone withdraw their money from the bank the bank will collapse. but that of bank they goes into capital investment with people's money to make profits.

but mmm stays idle doing nothing that makes it a perishable liquidity.

You are smart. I like that

ogawisdom:


Until then note dt it takes 3.5 months to break even on d prog if one is nt greedy n mmm ve been pay since January 2016

Mmm is nt for everyone but for risk takers with spare money they can afford to lose

. That is the catch, if one is not greedy. But how many people can overcome the lure of greed, when it come to making extra buck. It will crash, some people will get burnt while afew will escape