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Nairaland Forum / Nairaland / General / Investment / SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud (88866 Views)
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by kazyhm(m): 11:02am On Sep 01, 2016 |
tuniski: Gbam!! 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by rozayx5(m): 11:02am On Sep 01, 2016 |
donbrowser: ha that scheme that folded after 2 years i been loose small money there |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by An0nimus: 11:03am On Sep 01, 2016 |
mployer: Thought it was only me. After reading his post I had to re-check if it's the same Acid,osis. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by TaiwoLapi: 11:04am On Sep 01, 2016 |
MMM IS NOT A SCAM! Its unfortunate how the system has brainwashed the people into believing they must work so hard and earn little. A lot of people are scared 'cos this new system is alien to them, all we've ever known is the wicked and selfish monetary system drawn by the rulling class and we've gotten used to it over the years. The morons writing rubbish about MMM on this thread are the stupid ones in the financial institutions (They are on this forum), the fable hearted and obviously people who are been paid to do so. For God sake, all these guys have been benefiting from our ignorance living large, wearing the best of suit and live in choice areas and you think they'd fold their hands and watch all these largess taken away? I work in the advertising industry and I know how much they'd have spent on this campaign, and I asked me, when do they care so much about us to the extent of spending so much money on sensitising us? What is their challenge? the funds are still laying there in the banks, when I help someone and transfer money to the person, the bank charges me, the government takesout their stamp duty, so what is the problem? oh! my 30% reward? come on, we are no threat to you guys, MMM is not for the super rich who are your real customers, all the bank does is collate all our funds and give to these guys, they wont give ordinary person like me loan on a good day. I know a lot of people who are out of job as a result of this hash economy, but they are still able to put food on their table, pay their children's school fees and meet other obligations because of MMM, thousands of families who are suppose to be displaced now have hope and you guys want to take away their only source of hope, I will implore you guys to think about it very well, COS YOU ARE SITTING ON A TIME BOMB, cos the last thing you want to do is to trigger the anger of the already angry Nigerians. If MMM is a scam, you guys dont need to spend money sensitising the public, a single hashtag would sort it, that is power of social media. MMM IS REAL AND IS CHANGING LIVS. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by manalone2(m): 11:06am On Sep 01, 2016 |
Levi16: and how come I get paid each time I GH ![]() |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by tuniski: 11:07am On Sep 01, 2016 |
OVERCONFIDENCE:Free money ko free money ni! Thatis how people fall victim of 419 : the erroneous concept of free money! By the time they eventually collapse billions of naira would have been lost in this recession! The initial euphoria would have given way to gloom! To be Fore warned is to be fore armed! 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by OBAGADAFFI: 11:12am On Sep 01, 2016 |
TaiwoLapi: Simple logic, if people fail to pay-in, nobody will get any pay-out. So if you pay-in 10k to help a member, you will have to wait for another person to pay-in before you collect your money. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by basadenet: 11:14am On Sep 01, 2016 |
Some Nigerians are stubborn and gullible, Despite disclaimer notice by apex body, Sec, that activities of MMM is illegal and Ponzi scheme, that is, Baba ijevu, pam one from 2, yet some dullards still come on NL to defend fraudulent scheme. For the fact that some get paid, deos not guaranteed that the next person will be paid. Have you all forgotten about megawealth, gateway, farmersclub, paidwealth. When they crashed, a lot Nigerians Were sent to their ultimately death, some forced to leave Lagos while some suffer stroke etc. You can Google to know more about the founder. He is a Russian, went bankrupt and.............check the rest from Google. You are sufficiently warned. 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by TaiwoLapi: 11:22am On Sep 01, 2016 |
There was a time people were taking bank loans to buy shares, cos it was lucrative, we had all the assurance, but what happened afterwards, I know quite a lot of people who died of stroke, some committed suicide and lots rand into bank debt. So do you think MMM could be worse than what happened to shares? Those of you writing rubbish, the amount you guys were been paid cannot change you lives, but MMM can. if you want to complete you job, got drop your opinion on this link: http://punchng.com/online-fraudsters-hit-capital-market-sec-warns/ 1 Like |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 11:31am On Sep 01, 2016 |
Iceking1:send me a pm let me coach u...these people are talking bullshit here...jut send a pm |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by MicroBox: 11:31am On Sep 01, 2016 |
aminho:Please do actually lost 500k to MMM? I m just curious.. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by basadenet: 11:32am On Sep 01, 2016 |
TaiwoLapi:When the bubble burst, you will be the first to complain on NL. For your info, nobody is paid to write negative things about MMM, but merely exercising their right to express their views as enshrined in our Constitution. I will advise that you read SEC disclaimer on MMM. Fly wey no dey hear word, Na him dey follow dead body enter grave. I hope you see the light soon. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Alirauf(m): 11:34am On Sep 01, 2016 |
Lol, they keep sayin they r helpin each other but non of its members can tel u d base or foundation of it, should something happens. Well its ur money & ur life, just lyk a gambler (d winner think he will neva loss & kip betting more money until reality sets on him, whereas d losser kip betting thinkin he will win) like d saying goes seating on a keg of gun powder, it might or might not go off. Thr is no such tin as a free lunch. We don't envy u guys just stating d obvious, if u really want 2do charity u knw whr 2go. Fyi my brother joined i couldn't stop him, am just lukin @him hopin he will not give me d pleasure of laffin at him wen it happens. 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 11:34am On Sep 01, 2016 |
jakiedudu:send me a pm i have a testimony to give |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 11:35am On Sep 01, 2016 |
jakiedudu:30 percent of your investment that's your 50k that's around 15k, you get 20 dollars for your first investment that's around 7k presently so you will get around 20k plus your 50k or more depending on when your called. After 30 days your money increases daily. Don't mind this funny government that is how they felt irritated because of dollar gift given to our footballers by a billionaire. If they knew how to tax that man for the money they would have done it. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by daejavuu: 11:40am On Sep 01, 2016 |
They simple add the 30% to your original investment and ask the next available helper to pay you. Very cool..they just created a platform for us to help each other. niggi4life: |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by monsieurp: 11:42am On Sep 01, 2016 |
MMM is not scam as such but a very dangerous business concept. I have offered help of 500k twice and I have received help of 657k help the first time and 680k the second time( that is because I referred other people). Making a total profit of 337k in 9 weeks from an investment of 500k. I have since removed the 300k from the system offering help of only 37k. I gave the above experience to let those for MMM to understand that I not against the scheme BUT I doubt it would last very long not because the founder is out to scam people but because new people in the system would get too greedy and offer help beyond their capacity ( borrowing to offer help) while the old guys in the system like myself would offer less help as such hang the system The 30% is sourced from other people money. if supply is less than demand the whole system collapses. The scheme may not crash this year or next year but it would definitely crash just like the stock market. Your best bet it to get in early and get out early or not to get in at all. As for me I have made enough and I won't risk any new investment in this venture except what I already have invested in it. 3 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by dagok(f): 11:43am On Sep 01, 2016 |
If MMM is a Scam,then I like the way they scammed people because it is really changing ordinary Nigerians lives like me,in fact,I would prefer to be scam by MMM than these yeye Government that promised me Change that I'm yet to see.Government that doesn't care whether I die of hunger or not is now suddenly concern about the risk I take with my money wey no even Concern them in the first place,who is fooling who?be wise fellow Nigerians the truth of the matter is that some powers that be are feeling threatened by the growing popularity of MMM and they know it will affect their businesses in which they have interest so they are trying to create fear in people's mind so that the popularity of MMM will reduced. Long Live MMM. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by charlezok(m): 11:46am On Sep 01, 2016 |
slavery. 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Nobody: 12:01pm On Sep 01, 2016 |
PaulIdu:...nice one, source please |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by TaiwoLapi: 12:02pm On Sep 01, 2016 |
MicroBox: Explain in details how it happened. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by TaiwoLapi: 12:08pm On Sep 01, 2016 |
Alirauf: Could it be worse than what happened to shares? And why din't they warned us when the shares tsunami was coming? And as for you, by the time you realise you brother is on the right path, he'd have gone far in life. Go and read people' comment on this link: http://punchng.com/online-fraudsters-hit-capital-market-sec-warns/ I know lots of Engineers, Doctors, Bankers and other brilliant professionals on MMM. We couldn't all be dumb as not to see all what you guys are pointing out. MMM stated it's risk, we accepted, none on the platform is below 18, we are all risk takers, peradventure anything happen ( which wont anyways) we'd count our loss and move on. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by niggi4life(m): 12:20pm On Sep 01, 2016 |
Kunlegzy:FACEBOOK MAKES MONEY FROM ADVERTS, YOU PAY THEM WITH CASH AND THEY POST YOUR ADS, WHICH IS TOTALLY CLEAR AND VIABLE AND FACEBOOK WONT EVEN GIVE YOU A WHOOPING 30% FOR NOTHING!! |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by jayhk(m): 12:24pm On Sep 01, 2016 |
one thing i have learnt I this world is that people like thinking they are WISE when they know little or nothing MMM currently have 500k participants that are getting paid daily whether you shout to the heavens that its scam or not they will still get paid Instead of being paranoid and remaining STUPID ask for knowledge about the system from someone grounded and you will understand how STUPID you used to be YOU ALL SHOUTING SCAM WILL JOIN US SOONER OR LATER..TAKE IT OR LEAVE IT BE smart you see a life changing opportunity and your claiming to smart to be scammed Why dont you let mmm changed your life first then worry about scam later lol! Very soon your mates will be far above you then u will see that your smartness was stupidity! AM A PARTICIPANT OF MMM ND AM GETTING PAID WHENEVER I NEED HELP BY ANOTHER PARTICIPANT SMART DOESN'T MEAN WHEN YOU SEE A RISKY THING YOU RUN ....ITS ABOUT TAKING A CALCULATED AND PROMISING RISK....AND SEE YOUR LIFE CHANGING if you need more enlightenment chat me up on 08101343006 THANKS 1 Like
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Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by skydeexie(m): 12:28pm On Sep 01, 2016 |
Peezie07: There 's no plug to pull because you can never get paid if you have not provided help (PH) in the first instance. |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by jayhk(m): 12:33pm On Sep 01, 2016 |
niggi4life: YOUR SEEING MMM AS A BUSINESS THAT IS WHY YOUR GETTING IT WRONG ok lets make this simple ...everyone knows "ajo" as the yoruba's call it or let me say this contribution thing we do....10 people bring 10k which is 100k and give one person 100k this month..that is over 100% return....so why can't we run a system where we pay eachoda 30% monthly ..its simply crowd funding everyone gets paid but at different intervals.....YES ONE DAY MMM MIGHT GO DOWN!!! then thats why you need knowledge...in MMM we dont crash ...we only RESTART...start afresh then old funds be paid as the system balances...C'MON what more do I have to say before you understand what your missing? |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Efewestern: 12:33pm On Sep 01, 2016 |
chimauga: Look at what you just type.. well am not surprise.. Nigerians re Gullible and don't use there brain. Av been to that mmm site and i can tell u for sure that the site is not been monetize.. You think wen people visits a site u start having money ?.. lolz.. na wa. Lemme educate u a little. You only make money from a site through advert, Affiliate marketing e.t.c.. E.g Nairaland runs ads, Fb have there own ads, Google use AdWords.. without that they won't have money.. Common sense is indeed nt common 2 Likes |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by PaulIdu: 12:35pm On Sep 01, 2016 |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by TaiwoLapi: 12:35pm On Sep 01, 2016 |
niggi4life: What about Whatsapp before aqquired by Facebook? |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Alirauf(m): 12:36pm On Sep 01, 2016 |
TaiwoLapi:dats y i said its a gambl, might or might not go off with him losing |
Re: SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud by Chidamsy(f): 12:37pm On Sep 01, 2016 |
SEC...My Mavro grows like grass ![]() |
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