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Nairaland Forum / Nairaland / General / Business / How The Current MMM Will Likely End - As a Scam (76275 Views)
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Re: How The Current MMM Will Likely End - As a Scam by bora1(m): 9:03am On Sep 02, 2016 |
That's why you are advised to participate with your *spare* money. Risk your spare money. If it works for you fine. |
Re: How The Current MMM Will Likely End - As a Scam by Cmeo(m): 9:04am On Sep 02, 2016 |
Some people will not hear word no matter what. Nigeria govt or any country govt where MMM is operated can just wake up today and cease the MMM website and that will be the end of MMM for life. If you doubt me, where is Liberty Reserves today? Where are the deposits money today? 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by chuks34(m): 9:07am On Sep 02, 2016 |
Snow5:Grow up man. it's called online business from the comfort of your home. my aunty don build house, buy big motor with MMM money. (Aim Global to be precise) |
Re: How The Current MMM Will Likely End - As a Scam by chuks34(m): 9:11am On Sep 02, 2016 |
OP is full of sh!+ don't say what u don't know anything about. MMM has been changing peoples lives even if it doesn't work for some ppl to others it has changed their lives. am speaking from experience. |
Re: How The Current MMM Will Likely End - As a Scam by toideve(m): 9:11am On Sep 02, 2016 |
MMM is scam I know MMM will fail, I know Government will call for MMM's head, we in the community know all this and we will keep MMM running. I am still getting paid and will continue to get paid. You' all are waiting for a system that is over four years old to fail because of cheap blackmailing by the banks through the media. Why should I leave my money in the bank when instead of generating interest I am getting debit alerts. I received debit alert of 292 from GTBank yesterday and what was that for? The smart and the wise ones are enriching themselves with MMM while the foolish ones think they must work heaven and earth before making end means. We in the community are not moved at all we are still getting paid. 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 number of the people getting help is greater than the people providing 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. 1 Like 1 Share |
Re: How The Current MMM Will Likely End - As a Scam by Supplanter(m): 9:11am On Sep 02, 2016 |
myners007: I know you'll come here and say thesame thing just like the way you've been saying on other social network including facebook.I'm not surprise because you're an MMM scam network agent. My word for all of you shouting that MMM is genuine and real, I hope you're rehearsing the cry sound when that time comes. For family and friends of these people,be ready to hear wailing,weeping and gnashing of teeth. For ''YOU'', yes YOU that is contemplating to join,just take one minute, type in ''SERGEI MAVRODI'' in google search engine and read carefully.But if you still decide to continue your quest,I wish you the best. Some Nigerians and the greed to make money is really surprising that common sense just disappear from them. |
Re: How The Current MMM Will Likely End - As a Scam by Nobody: 9:12am On Sep 02, 2016 |
William Shakespeare in his book Julius Caesar said “There is a tide in the affairs of men Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat; And we must take the current when it serves, Or lose our ventures.” I dont see those participating in the MMM as gullible and lazy people because they are only taking the current when it serves. If banks, politicians, public servants, churches, real estate agents, car dealers, drivers/conductors, street hawkers can scam someone without leaving you with something to hold back on, then i think MMM is better because if they will close up someday at least u can beat your chest and say you didnt lose 100%. Personally i am not participating but I have given 100k naira to a friend at no interest and he has used it to raise another 100k naira from this MMM. As i am writing this now he has returned my initial 100k naira while he is also running his MMM with the money he realized. But come to think of banks scamming its customers, sometime in 2005/2006 or so, i was banking with First Atlantic bank, one day i got convinced by a staff to buy shares and after much considerations, i bought the shares and the certificate was issued to me. Before it was due for dividends to start coming, they merged with Inland bank which made them to re-brand to First Inland Bank as if that wasn't enough, they again re-branded to First City Monument bank and all these processes of re-branding rendered the documents they issued in the name of First Atlantic bank null and void. Now nobody is talking about that shares again. Is this not scam in a broad day light? Please if you have the time and resources for the MMM go ahead and do it but invest small small while your 30% keeps coming small small. Mind you good things do not come to those who wait anymore rather to those who go out there to look for it. 2 Likes 1 Share |
Re: How The Current MMM Will Likely End - As a Scam by progress69: 9:12am On Sep 02, 2016 |
MMM are already scamming people now. The mega scam/dooms day still dey front. Many of their parody accounts and agents get help and never provide help . Its simple logic, computer programming, isolate ur agents to always receive help, and not provide help, then cycle ur victims to the provide/get help platform. At one time of the other, a victim will pay the parody/agent's account. Its common sense! At some point,when they have the target num of potential victims, they strike finally and the website goes into extinct 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by dewayne(m): 9:13am On Sep 02, 2016 |
If they say MMM is a Scam, no qualms but…. Ask them this questions , When Nepa over bills/gives estimated bills…it is not a scam. When DSTV still charges you for not using ur subscription due to no NEPA light….it is not a scam When filling stations adjust pump and sell at 160 per liter in disguise…it is not a scam When bank deduct several money/charges from your account for nothing…it is not a scam When politicians loot national treasury without probe while our infrastructures gets dilapidated, no jobs for the youth, no money to pay workers salaries….. This too no be scam stall What about the fake Immigrations recruitment that claimed lots of innocent lives….that one sef no be scam Abi? Police recruitments that requires only N10,000 men yet they charged 1,000 for form that over 100,000 youths bought….. More like scam to me. tempest01: 1 Like 1 Share |
Re: How The Current MMM Will Likely End - As a Scam by Yujin(m): 9:14am On Sep 02, 2016 |
lol. MMM is a game of risk takers. Sone will win while sone will lose. It is well stated in their website. I won't expose much here but all the risk takers that have commented so far have got good testimonies but definitely, at the end some will lose. Its Sergey's way of influencing the world. |
Re: How The Current MMM Will Likely End - As a Scam by dewayne(m): 9:14am On Sep 02, 2016 |
people like you die in poverty lol... i sorry for you am sure in future your generations will curse you for this.... How much were you paid? progress69: |
Re: How The Current MMM Will Likely End - As a Scam by 2el(m): 9:17am On Sep 02, 2016 |
Snow5: Same here ohh |
Re: How The Current MMM Will Likely End - As a Scam by eph12(m): 9:17am On Sep 02, 2016 |
ziego:What happens if I help someone with 200k and there is no one to help me with 230k? |
Re: How The Current MMM Will Likely End - As a Scam by progress69: 9:19am On Sep 02, 2016 |
dewayne: Guy..i aired my view. I am not a lazy slow spoke like u. Put my money somewhere without doing anything and expecting 30% increment every month. I hope when they finally strike, it's not when u just borrowed money and ur live savings to put into a scam. So u can get the f**uck out of my mentions. Is that clear U don't even know my worth. I am too much to look for cheap easy money that will burn me. This is for poverty stricken folks like u 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by Fourwinds: 9:19am On Sep 02, 2016 |
tolexy007:all what u wrote is rubbish... this thing has been in Nigeria before and dies and it will continue to come back d moment dat memory of d past fizzle out...I have known dis thing as far as year 2000...it comes with different names...world war 1 is not different from world war 2. |
Re: How The Current MMM Will Likely End - As a Scam by dannywhyte(m): 9:19am On Sep 02, 2016 |
tempest01:bros, leave th@ talk. Did you read the 10 safety measures posted above. No future is absolutely 100% certain. No business, no bank, not even the air you breathe in now. be wise maximize the moment, use opportunity when it presents itself. |
Re: How The Current MMM Will Likely End - As a Scam by eph12(m): 9:20am On Sep 02, 2016 |
dewayne:Calm down oga! Who said all these are not scams? 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by richard16(m): 9:21am On Sep 02, 2016 |
flexydote:bro hw do u tink yahoo guys or scammers fraud people?? De number dey gave u is der member... Wu is in de same rum wit dem...passing de fone around...beta be wise go ask yahoo guys der modus operandi u wil be shocked 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by Snow5(m): 9:21am On Sep 02, 2016 |
chuks34: This is one of their advocate... May the Lord deliver u all..... Nothing good comes easy... 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by Brightgem(f): 9:22am On Sep 02, 2016 |
aminho:kikikikikkki! Who is hopeless, calm down jor! I no beg u for money na. ur allowance... cnt buy the fresh juice I take everyday. haahahaaaha so funny. why will u go and sink 500k inside, they said use ya spare money. money u wnt hav to come online an b vexing abt. |
Re: How The Current MMM Will Likely End - As a Scam by ephi123(f): 9:22am On Sep 02, 2016 |
claremont: |
Re: How The Current MMM Will Likely End - As a Scam by Elxandre(m): 9:23am On Sep 02, 2016 |
ziego:Bro, no single scheme as this has stood the test of time. They all crash! You might not know, but the founder of MMM is an exconvict with many years in jail on account of MMM making away with people's money in Russia, China etc. Though, taking calculated risks is not bad, but many people will at this moment, have invested all their life savings in this scheme. 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by Sammyblaq(m): 9:23am On Sep 02, 2016 |
toideve:A guider located... FVCK dat No.1 "Pause mode". 30 days fit turn to 2 months and half. Hai!. Anom Chineke l'aka 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by Snow5(m): 9:23am On Sep 02, 2016 |
IFECONWAGOD:hahahahahahah How gold package take start?... Lmao.... Even companies were duped millions... Kwontinue!!! 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by MamaletASO: 9:24am On Sep 02, 2016 |
Nigerians beware!!! A word is enough for the wise.. This thing has happened before. L[b]et me remind you of " WONDER BANK".. [/b]Though some people were lucky but Majority were unlucky.. Be wise! Dont MMM meme yu.. 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by athorello(m): 9:24am On Sep 02, 2016 |
progress69: Money lenders are slowpokes and lazy a$$es. They still get scammed... Some lenders also scam feeble lendees of their hard earned income and properties. And they are all over most cooperate organizations. MMM is a better community if the philosophy can be sustained. |
Re: How The Current MMM Will Likely End - As a Scam by Snow5(m): 9:25am On Sep 02, 2016 |
ziego: Baba... Nor vex say I talk.... Most zipped!!! But nor come here dey cry foul when e happen... I am an experienced guy man... Wen dey hustle... Nor vex say I talk abeg... No vex bikonu |
Re: How The Current MMM Will Likely End - As a Scam by Jethrolite(m): 9:26am On Sep 02, 2016 |
tempest01:MMM is fail proof. I also did your risk analysis and was amazed by what I saw. I'll educate you based on the deep understanding of the system you already have. Permit me to blow your mind sir, there will be no day of reckoning because the activities that constitute that day in my own opinion are already happening. Common sense dictates it is better to keep the gold egg laying goose alive than to kill it. What I believe is already happening is the admin through its agents already have the privilege to Get Help whenever they want without having to Provide Help first. And as long as old and new members keep Providing Help, that sink hole will be filled up almost as soon as it is created. It is also possible for your scenario to happen but I doubt it ever will. The people alone in my small town participating in this program definitely have more than N20m in the system, you be the judge of how much lagosians will have in the system and Easterners too. We all know what happened to the stock market despite all the regulations and everything and how Nigerian bank CEOs turned depositors funds to their personal allowance. Life is all about risk. |
Re: How The Current MMM Will Likely End - As a Scam by Freelancer2015(m): 9:26am On Sep 02, 2016 |
I believe that once in a while, these MMM people throw in their individual account in disguise to receive funds and then credits the sender with the funds of others and the chain reaction continues without being noticed. If not, how else do they make their funds, how are staffs paid? Also, I don't think that they have registered offices, everything is virtual. It's way too risky and when they fold up, billions would be lost. 1 Like |
Re: How The Current MMM Will Likely End - As a Scam by ephi123(f): 9:26am On Sep 02, 2016 |
What do they produce/manufacture/generate to result in a 30% return? It is funny people are not asking vital questions as long as money is coming in. Taking short cuts is the bane of the Nigerian nation. OP, thank you for this post you have created. When things crash, none of them should come and whine online. Same way I warned my aunt then about a similar scheme, Nospetco, till today she never got the money back. Well, none of you will say you weren't warned! |
Re: How The Current MMM Will Likely End - As a Scam by Snow5(m): 9:27am On Sep 02, 2016 |
Efewestern: My brother.... These guys are using diabolical powers if there is anything like that... Seriously... I can't stop laughing!! Shuuuuuuuuuuu |
Re: How The Current MMM Will Likely End - As a Scam by Nobody: 9:28am On Sep 02, 2016 |
ziego:Ok, I have a company's website.... do I get paid by people visiting, of course NO. Different websites, different purposes. Facebook is a social network website where people place ad. An example is Nairaland. Seun makes money from advertisements. Does the MMM website serve the same purpose? If yes, how much is it making that it can pay 30 percent on over 100 million in one month. Please understand I am not discouraging people just giving my own idea of how this may end. Where did the training take place? Online I guess. Keep helping. |
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