DarryOsh:


Yes! This is clear. However, at no point is money paid to MMM. People pay into each other's accounts. So, the question is: how does MMM make their money?

jaybillionaire:
who do u think u're fooling? How does your figure translate to 30% interest in a month. So are you now telling me 30% now has transmogrified into 67%? I laugh

Joel3:


I would advice you read my post again. I am not against MMM or it participants. the threats or danger to our economy is that it collapse business activities.

money is no longer circulating. a circle of money is been going round from bank to bank. rather then capital projects to the economy.

jaybillionaire:
who do u think u're fooling? How does your figure translate to 30% interest in a month. So are you now telling me 30% now has transmogrified into 67%? I laugh

godwinstringed1:
MMM has over 10 safety nets which will never make it crash. And you Never notice But I will mention 10 out of them.

*1, Pause mode*

*2, 14 days defrost*

*3, Extension of the getting help hours*

*4, Seeking help from neighboring country*

*5, No central account attached*

*7,  Peer to peer  system*

*8,  Guider's efforts*

*9   PH match hours extension*

*10, Website upgrades and security*


*1, Pause mode*

This process is applied when the numbers of the people getting help is greater than the people help. The system will pause the GH transactions and allow more PH to come into the system for the duration of 2 and half months, then the system will now restart.

PH means provide help and the GH means get help


*2, 14 days defrost*

The participants will not be able to withdraw their money until after 14 days when the payments have been confirmed. During this process, more PH would have come into the system therefore there would be pool of cash to pay the old participants.


*3, Extension of GH hours*

this occur when there is a public holidays when the banks are not working therefore,  there won't be transaction and it may cause the problem to the system. The system will now extend the hours of the people who are getting help at that period to allow more People providing help into the system.


*4, Help seeking from neighboring country*

When there are more GH than PH in a country, MMM will look into the other countries which are doing well and match them together, pending the time that the affected country will be OK.


*6, No central account attached*

MMM  does not have a certain account that we are sending to. MMM doesn't collect your money.


*7, Peer to peer system*

Participants pay directly to the bank account of the other participants seeking help


*8, Guider's efforts*

Guiders are the heartbeat of MMM, guiders make sure each and everyone in MMM understand the Ideology of MMM and how it works


*9, PH  match hours extension*

When the system finds out that there are more GH than PH,  the system will extend the hour of old PH so that to hold down their order matches duration and during this period, the system will allow more new PH to come into the system to get it balanced.


*10, Website upgrades and security*

MMM spends million of dollars in taking care of their website to cub online fraud in MMM, such as scam and other Threats.

deenee:
IT IS A PONZI SCHEME SIMPLE AND SHORT. I AM REALLY AMAZED AT THE LEVEL OF IGNORANCE ON THIS THREAD. WHAT DO THEY DO WITH THE MONEY THAT THEY COLLECT FROM INVESTORS?

WHAT IS THEIR BUSINESS MODEL? WHAT LINE OF BUSINESS ARE THEY INTO? THEY DONT HAVE A REGISTERED OFFICE, NO RECOGNITION BY ANY OF THE REGULATORY BODIES, YET PEOPLE ARE SAYING IT IS NOT A PONZI SCHEME!

I FEAR FOR THE YOUTH OF THIS COUNTRY!

PaulIdu:
MMM is fraud period and the founder is wanted in many countries for fraud and deceit

aminho:
i swear on the grave of my grand parents

JeffreyJamez:



Your foolishness knows no bounds and You surely deserve all the ill luck that is coming your way from this nonsense...I wont bother to educate you on the Banking sector because it will be like pouring water on a rock


FLY WEY NO DEY HEAR WORD, DEY FOLLOW DEAD BODY ENTER GRAVE

stan241:
Damn its like I've just been in a cult meeting reading through this thread from the first page and constantly seeing the words "financial slavery" bandied everywhere, i mean even after folks posted stuff about the owner and how the programme has shut down in China and South Africa(with verifiable links), there's is still a very strong gravitation towards supporting the scheme with people using the same exact sentences like they've been programmed that way

p.s

No one has still made a very clear and concise explanation as to why anyone should join this MMM stuff

mekybabe1:
You can lie. Oya explain clearly how you lost 500k. Kai! Your lie no get part 10.

mckoolcharming:



So far so good what benefit has the fellow Nigerians gotten from the government?? What MMM has done to the life of Nigerians, The government haven't done that for years..... It is our Money, MMM clearly stated their Risks, we accept.. We weren't forced to join. Leave it for us its not Scam.... Infact our leaders are the Scammers cause we vote for them yet we the masses suffer while they keep embezzling our funds...

lyricalz:
Fine, if its a fraud. We agreed dat the money is paid from one participant to another. And no money is stored in any centre system. Meaning MMM don't hold money on behalf of anyone. So who is now frauding who? The partcipants or the company? Those the company hold cash of participants? What is then the gain for MMM if dey involve in fraud? How those this fraudstars get their money? Bcuz we all know the money is paid from peer to peer. The so called info in the media is jes baseless, bcuz I knw mmm is made 2 help participant get financial help.

winkmart:


ill luck will surely overflow in your family. Am not a fool just like you. I know when to call it quits and it will be my pleasure if you could kill yourself over my troubles.

PaulIdu:


I am telling you this is the perfect social media heist ..they have even covered their self legally by stating it's not an investment but just help..I wish I was even part of the founder. .this na better cleanout

JeffreyJamez:


See mumu .......me and you.. .not the same level... Oya go and throw your money away... Mentally lazy dummy.

winkmart:


I pity your ignorance. If you know where I am, then you will apologize. Dullard.

I am a risk taker and I run the program with spare cash.... I won't blame you though, you are simply a slave to the system.

JeffreyJamez:


See fool... Buhahahahahahahahahaha.... I use my spare cash to drink beer and eat a plate of catfish pepper soup..

#gofigure o ye master of the "system"

winkmart:


that says it all... You are destined for ruins.

good day, got blog updates to post. Did I tell I just got back from the office, I work with a former President, closely.

And did I tell you I also do importation in my spare time, no. Did I tell you I write for pulse?

Anything you say afterwards, I will take it as coming from a drunkard, drinking off his future.

Quote me if only you are a son born of a concubine... u know the English word for that.

JeffreyJamez:



Who asked for your C. V? ... Hahahahahaha... For a nigga who claims to not be a slave of the system, you sure do have your hands full....


Cowards and low lives result to insulting parents when a nerve has been struck. .. ..and if you think your words has any effect on me.... You dream!... I don't take people like you seriously... You can claim to be whoever on the internet... but in real life (whispers)..we know your type....


Hungry blogger looking for free money.. Buahahahahahaha.

igwegeorgiano:
oga for ya mind you be big boy abi

winkmart:


You just proved to me who you truly are.

kasson:
MMM is not Nigeria's problem. Nigeria should find ways to solve it problems.

Unfulfilled Electoral Promises
Lack of Electricity
Unmployment
Budget padding
Unfunctional Health Facilities
Failing Educational System
Bad Roads
Non payment of Salaries
Corruption

Let Nigeria tackle the above problems and NOT MMM.