How The Current MMM Will Likely End - As a Scam - Business (2)

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How The Current MMM Will Likely End - As a Scam - Business (2) - Nairaland

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Re: How The Current MMM Will Likely End - As a Scam by eph12(m): 6:48am On Sep 02, 2016

flexydote:

That is why phone numbers are displayed for you to call before you make any payment.

And how do you know if it's the phone number of an agent?

14 Likes

Re: How The Current MMM Will Likely End - As a Scam by DonCortino: 6:48am On Sep 02, 2016

Op are one of their agents?

Re: How The Current MMM Will Likely End - As a Scam by Ngasky(m): 6:48am On Sep 02, 2016

Re: How The Current MMM Will Likely End - As a Scam by StOla: 6:49am On Sep 02, 2016

False flag.

Re: How The Current MMM Will Likely End - As a Scam by delawal: 6:49am On Sep 02, 2016

I remember when justbeenpaid reigned and they scammed me of my 90k . since then I no send any of these programs, they re all grand scams that will benefit the first comers

10 Likes

Re: How The Current MMM Will Likely End - As a Scam by nathanjnr(m): 6:50am On Sep 02, 2016

flexydote:

That is why phone numbers are displayed for you to call before you make any payment.

How much be SIM?

22 Likes

Re: How The Current MMM Will Likely End - As a Scam by Gasout(m): 6:51am On Sep 02, 2016

I have warned my friends who have tried to persuade into MMM and I bluntly say 'NO!'

MMM is a fraud. What kind of blind investment gives U 30percent of Ur savings monthly?...Even banks who have better investment networks can never dare such huge percentage...

Let him that have hear; let him hear. They say if a word is enough for the wise, then a thousand words should be enough for the foolish...

11 Likes

Re: How The Current MMM Will Likely End - As a Scam by olumaxi(m): 6:51am On Sep 02, 2016

MMM (money makin machine)........simply for d gullible

1 Like 1 Share

Re: How The Current MMM Will Likely End - As a Scam by simmieyoung(m): 6:51am On Sep 02, 2016

i chop money sha oo

Re: How The Current MMM Will Likely End - As a Scam by Nobody: 6:53am On Sep 02, 2016

Nigerians that don't know better find out about "plan well", a word is enough for the wise, use your money to do business yourself

1 Like

Re: How The Current MMM Will Likely End - As a Scam by Nobody: 6:55am On Sep 02, 2016

Which one is MMM again? I keep seeing it all over nairaland but on further inspection find out it's actually an MLM scheme. Almost every commenter on this forum knows those're scams na. Those not in the know can always read up cautionary tales from posters duped in the past.
If after all is said and done a poster wants to stubbornly go into the business/scheme they have only themselves to blame.

1 Like 1 Share

Re: How The Current MMM Will Likely End - As a Scam by IghoCentric(m): 6:55am On Sep 02, 2016

Personally I have made over 500k in profit from mmm and I never put more than 200k at a time... I wait for that to run its circle then another 200k. I just dey shoot my letter of happiness video so..... The thing is simple. We all have diff levels of risk taking... As for me I prefer mmm to forever and all those mlm... Shey na my money?... Allow me use am as I like.... I'm just a risk taker and I enjoy the adrenaline... Well and the money ofcourse... Lol.... I ve wasted money on forex, importation.... The list goes on... My guys if mmm close today I nor shake... I ve made more from it than from my other experiments...

75 Likes 7 Shares

Re: How The Current MMM Will Likely End - As a Scam by otokx(m): 6:56am On Sep 02, 2016

Yesterday MMM, today MMM, let me join and see what its all about.

22 Likes 2 Shares

Re: How The Current MMM Will Likely End - As a Scam by sinistermind(m): 6:56am On Sep 02, 2016

I guess most people don't use the Internet effectively.

Re: How The Current MMM Will Likely End - As a Scam by sidneyj(m): 6:57am On Sep 02, 2016

419 cant dupe hardworking and unselfish person....it is only bunch of lazy ass who thinks ''to invest is to plant little money and watch it grow into a big forest... waiting to hear the end of it

11 Likes 1 Share

Re: How The Current MMM Will Likely End - As a Scam by andaxon: 6:59am On Sep 02, 2016

jtjohn:
I think what this writer is trying to say there should be some iota of truth in it, but yesterday I got tempted after a friend of mine got his own 30 percent and registration bonus I was amazed.......The Question here is, how do they Get there money.

Read up on Ponzi Scams

2 Likes

Re: How The Current MMM Will Likely End - As a Scam by vikeyz(m): 7:01am On Sep 02, 2016

Well, i wish i had the guts to try MMM cry

Although for those who are skeptic about MMM can check my signature below and try some other way to make money online

Re: How The Current MMM Will Likely End - As a Scam by christiengeorge(m): 7:01am On Sep 02, 2016

I never trusted this whole thing,my friend comes to my house everyday to preach about MMM,surprisingly he was abLe to convince my broda and his galfriend and the girl had to register with 100 k.I warned dem dey didn't heed, me am waiting for day of reckoning

Re: How The Current MMM Will Likely End - As a Scam by ogawisdom(m): 7:03am On Sep 02, 2016

Prophet of doom make una free mmm we kw it will surely end someday, until then smart guys r getting paid grin

11 Likes

Re: How The Current MMM Will Likely End - As a Scam by freshvine(f): 7:04am On Sep 02, 2016

tempest01:
I saw the current MMM advertised by a friend sometime back and I quickly waved it off as a scam as with the HYIP and other ponzi schemes.

https://www.nairaland.com/3321916/sec-warns-nigerians-dangers-mmm

Given this topic that was on the front page today, I saw some comments by people and it was noted that ''There is no pool of money with the current MMM and therefore they can't run away''.

Given the nature of their business, with no investments and the fact that they have put in resources in place to allow for this trade to happen, it is pertinent that one day or another, they will close down, and they won't go through that stress without duping people of their money. Seeing the topic today, I had to register and checkout how the model works , and also brainstorm on the eventual way the MMM operators will dupe those that are in the system.

I am giving a scenario here and though it may not play out the same way, there should be no denying the fact that one day - which i wll term as ''the day of reckoning''. the MMM site will shut operations and will try to make as much as possible from your funds before that.

Now here is the scenario. As there is no pool as someone rightly said, I registered and saw the mode of operation. It is worthy of note that the same MMM site runs in several countries:-

Nigeria
South Africa
India
Colombia
Turkey

So from my postulation, the fold-up will happen in a month - The month of reckoning-- across all MMM sites on that month because anything short of that will send panic to other countries and they won't maximize.

The scenario i see playing out is that the handlers will have bank accounts or agents in all countries of operations and in the month of reckoning, as there is no pool of money, all the ''get help'' requests will be paused - Not paused perse, but no ''get help'' request will go through and will be pending as they won't publish it.

Now the ''Provide help'' will be allowed to work, but the account shown will be that of the handlers of the site (or their agents) and people will keep providing help, but it goes to the scam account. Now this will go on for a month as you have to wait for a month to use your Mavro. The first people that will notice the scam will be the ''Get help'' People as they will keep waiting, but no help will come. Then ''Provide help'' people will come to know after a while and they MMM people will release a statement saying the ''business model experiment failed and they are shutting down''

Be wise Nigerians....

Alternative views and constructive arguments are welcome

You're even postponing the evil day.

I think MMM agents are currently pulling out people fund everyday and asking the downline participants to pay their creditors.

It'll come crashing when the government intervenes or other factors as you listed them

2 Likes

Re: How The Current MMM Will Likely End - As a Scam by Kings2rule(m): 7:05am On Sep 02, 2016

aminho:

My brother thats what happened to me and i lost 500k i can provide help but cant get help

Are you serious

I provided help of 100k but at a point I just went back to the site and deleted it because I thought about the MMM thing but didn't make sense out of it.

Re: How The Current MMM Will Likely End - As a Scam by tafat: 7:05am On Sep 02, 2016

Lol. Economy is down. People de find any available means to make money

Re: How The Current MMM Will Likely End - As a Scam by Efewestern: 7:06am On Sep 02, 2016

Snow5:
My brother... I Don talk.. Blow trumpet... Use mega phone talk... Them say I be lai Muhammed.... SMH SERIOUSLY..

God!!! How would u not work... And u think u will earn such huge amount without any consequences at the tail end?

Hooo my God!!

God abeg open their eyes ooo

Thought we trashed this yesterday. bro please ignore them.. Am not saying anything again.. Lazy lots who think money grows like grass without working...

6 Likes 1 Share

Re: How The Current MMM Will Likely End - As a Scam by tempest01(m): 7:06am On Sep 02, 2016

DonCortino:
Op are one of their agents?

No....I just thought out how i plan to take you peoples money if I was the initiator of the program.

Re: How The Current MMM Will Likely End - As a Scam by Nobody: 7:07am On Sep 02, 2016

If u are doubting OP you might want to check out this link
https://en.m.wikipedia.org/wiki/Sergei_Mavrodi

That is the MMM founder

1 Like

Re: How The Current MMM Will Likely End - As a Scam by tempest01(m): 7:07am On Sep 02, 2016

aminho:

My brother thats what happened to me and i lost 500k i can provide help but cant get help

Can you give details if this is true so others can learn?

Re: How The Current MMM Will Likely End - As a Scam by komzybrown(f): 7:08am On Sep 02, 2016

Liars

1 Like

Re: How The Current MMM Will Likely End - As a Scam by omaolowo(m): 7:09am On Sep 02, 2016

tempest01:
I saw the current MMM advertised by a friend sometime back and I quickly waved it off as a scam as with the HYIP and other ponzi schemes.

https://www.nairaland.com/3321916/sec-warns-nigerians-dangers-mmm

Given this topic that was on the front page today, I saw some comments by people and it was noted that ''There is no pool of money with the current MMM and therefore they can't run away''.

Given the nature of their business, with no investments and the fact that they have put in resources in place to allow for this trade to happen, it is pertinent that one day or another, they will close down, and they won't go through that stress without duping people of their money. Seeing the topic today, I had to register and checkout how the model works , and also brainstorm on the eventual way the MMM operators will dupe those that are in the system.

I am giving a scenario here and though it may not play out the same way, there should be no denying the fact that one day - which i wll term as ''the day of reckoning''. the MMM site will shut operations and will try to make as much as possible from your funds before that.

Now here is the scenario. As there is no pool as someone rightly said, I registered and saw the mode of operation. It is worthy of note that the same MMM site runs in several countries:-

Nigeria
South Africa
India
Colombia
Turkey

So from my postulation, the fold-up will happen in a month - The month of reckoning-- across all MMM sites on that month because anything short of that will send panic to other countries and they won't maximize.

The scenario i see playing out is that the handlers will have bank accounts or agents in all countries of operations and in the month of reckoning, as there is no pool of money, all the ''get help'' requests will be paused - Not paused perse, but no ''get help'' request will go through and will be pending as they won't publish it.

Now the ''Provide help'' will be allowed to work, but the account shown will be that of the handlers of the site (or their agents) and people will keep providing help, but it goes to the scam account. Now this will go on for a month as you have to wait for a month to use your Mavro. The first people that will notice the scam will be the ''Get help'' People as they will keep waiting, but no help will come. Then ''Provide help'' people will come to know after a while and they MMM people will release a statement saying the ''business model experiment failed and they are shutting down''

Be wise Nigerians....

Alternative views and constructive arguments are welcome

Re: How The Current MMM Will Likely End - As a Scam by tempest01(m): 7:10am On Sep 02, 2016

eleojo23:
MMM will end when online and offline articles like this begin to circulate and spread panic around hence discouraging more people from joining the scheme.

These kind of schemes thrive on what I will call goodwill and once many people begin to speak against the program as is happening now, it is most likely heading for a crash.

A word is enough for the wise.

No...all these investment schemes have a timeline. They now out when the inflow is at its peak.

It can only be delayed but it will surely happen

4 Likes

Re: How The Current MMM Will Likely End - As a Scam by GodwyneDuke99(m): 7:10am On Sep 02, 2016

Candidly the So-call MMM are actually Fradulent group they don't give you the impression of having a doubting mind of their mischevious Agender not until they storm You and your Account get Frozen! They've been doing such Aeons ago and now they remember Nigerians to be their next prey! They're big time Scammers! This info thus fact is based on research do yours before venting out your decision am only giving you friends this suggestions so that your actions won't be that of: had I know perhaps had I listen to candid infos from friends even of those that I don't know in person!
Have a bless day: God be with you not to fall in trap but consider you steps and take another route!

3 Likes

Re: How The Current MMM Will Likely End - As a Scam by davids202(m): 7:11am On Sep 02, 2016

SEC my ass, when they allowed chemist to sell ipo to ignorant Nigerians as pharmaceutical companies n we lost our monies what did they do, Nothing. When transcorp scamed Nigerians what did they do. Nothing now they are here saying they are protecting who, who em elp. MMM wld only fail if more Nigerian don't join n we r making sure people provide help. The aim of mavrodi is simply he hates the banks and the fact they don't help the common man so why keep ur money in the bank when you can turn it around. The rich will make sure mmm don't work cos they still want you to remain loyal as for me and my friends it's mmm all the way. Join me and become financially free.

32 Likes 3 Shares

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