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Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by IstandWitBuhari: 5:59pm On Oct 25, 2016 |
abbey621:What have you ever benefited from companies that are well registered in this country called Nigeria ? ? ? Dstv and their likes keeps ripping you off ur hard earned money , nepa bringing you bills for light u didn't see yet the so called government keep quiet. Are u not tired of complaining about recession ? 2 Likes 1 Share |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by abbey621(m): 6:18pm On Oct 25, 2016 |
dearpreye: Speak for yourself alone and not for others! Nairaland is a public forum and the public deserves all the information they can get! |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by abbey621(m): 6:21pm On Oct 25, 2016 |
IstandWitBuhari: Wow, ignorance of the highest order! So any dick and harry can just come to Nigeria and expect people to invest? |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 6:46pm On Oct 25, 2016 |
IstandWitBuhari: Is that ALL money means to you? Before MMM where were you? You will most likely be back there when it crashes if you dont do better things than buy liabilities 1 Like |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 6:52pm On Oct 25, 2016 |
adeyeye5353: I'll like to know how that particularly works.. |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by KoldKash(m): 6:54pm On Oct 25, 2016 |
Max24: Those who focus on the past don't see the present nor can they catch a glimpse of the future. I got ripped at Earn Clock if you heard about it. But I can't stay stocked with it-I moved on. Got into Triple M and got paid in spite of the risk;because you can't ignore the Risk Warning on the site. So if you lost some wad at club freedom or gateway club that's the end of investment? Maybe for you,but obviously not me. I have read in my Bible and it says cast your bread upon the waters and you will find it after many days. I read another one from my Bible still and it says in the morning sow your seed and in the evening do not with hold your hand (from sowing again) for you do not know which one will prosper, whether that of the morning or that of the evening or both may prosper. ( which means sow at club freedom as you did and sow also in Triple M ignoring your fears,for by God,Triple M will pay you,and your loss at club freedom will be restored too). So bro,don't let your fears cheat you out by indulging in financial cowardice, join MMM now! -better let than never,for MMM is as real as your as the ground upon which you stand . See you at the bank! |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by socialmediaman: 7:07pm On Oct 25, 2016 |
guiddoti: They declared bankruptcy in Russia on September 22, 1997 https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by socialmediaman: 7:10pm On Oct 25, 2016 |
KoldKash: Just out of curiosity, can you describe the business model of MMM and how sustainable it is? What business do they do with people's money to pay these profits? |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 7:15pm On Oct 25, 2016 |
KoldKash: If you have started quoting scriptures, Why did God say man must sweat before he eats?? Why do people contravene that statute always end up in the belly of authorities or ripped off and die in grief and depression.... Mark zuckerberg made money by THINKING....taking a creative risk... Mmm teaches us NOTHInG... While its sweet to make some stressless box, for a people to progress as a unit/ nation etc, individuals have to THINK... There is no insurmountable problem... When 90% of the youth populace give up on thinking about what they could personally do to become one of the new leaders in the fresh economy that will kick recession In the butt, then there is a larger problem... 1. Deception; the belief that you the "aim" is to "HELP" PEOPLE....bluff, if that 30% isn't attached to it, would you be "providing help" to get ur same amount invested at the end of the month? Answer - NO. 2. Win more souls; if the aim of the scheme is to provide so much financial "freedom" to Nigerians (because Mavrodi's uncle's aunty's nephew is from Edo state), there will be contentment and NO NEED to acquire more downlines.... 3. Mind control; in participating in this scheme, participants willingly trade their active thinking faculty for the succor of a paltry 30% return on investment....and cease to THINK about actually learning how to grow money....instead participate in the gospel of "bringing" more fishes to sign up under them to "earn" from their own "PH"... In all this, lets say MMM lasts 3 years (miracle), for 3years, the core of the leaders of tomorrow have spent their energy and time making money for show off, money for "I have money sake"....for even those who claim to want to start a business hardly do so...because of course, you have to "ph" to even "GH" more.... And then, you end up in the same country with the same leaders, who will keep stealing the BULK of the money (you obviously know nothing about and havnt trained yourself to) and you run full circle blaming the government.... The problem of the african man is that he is not forward thinking.... People are building apps, planning businesses, taking advantage of "recession" to establish businesses that will be the new dawn economy of the country while people do NOTHING. For a full month and just feel happy going to "GH" to acquire more "toys" like istandwithbuhari claimed hysterically.... I hav no such problems with MMM, but Africa must wake up.... 6 Likes 2 Shares |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by socialmediaman: 7:20pm On Oct 25, 2016 |
Jonyblaze: MMM is a Ponzi Scheme, the type that Bernard Madoff ran in the US that defrauded thousands of Americans to the tune of Billions of dollars over a decade ago. These schemes have been replicated throughout the rest of the world and ignorant investors have lost billions of dollars. They all have similar operation models and they are categorized the same, PONZI SCHEMES. |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 7:22pm On Oct 25, 2016 |
socialmediaman: Bros, they do NOTHING WITH THE MONEY TO YIELD PROFIT.... The money goes to the account of someone who registered before you as his own "investment plus profit" and he is also required to put 40% of the money back (which is paid into the account of another person higher than him)... Nigerians can be very stupid.... I don't doubt the authenticity of MMM....but to be totally bought over with the "bogus" claim that you are "helping" each other is stark raving dust.... Or that "mavrodi" said that MMMnigeria is one of the best (pathetic ego stroking).. Or that the NIGERIAN cronies who set up the system (and deserve more than the billions they must have made front this scheme for thinking out such a convincing scheme) set a withdrawal limit for EVERYBODY including themselves... MMM signs on more people to pay the dividends of earlier participants...there is NO business involved.... |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by guiddoti: 8:21pm On Oct 25, 2016 |
socialmediaman:Thank you for providing link From what I understood from your link is: The MMM crashed because government accused them for tax evasion, of which, I have stated earlier to one of my comments above that it is when government make it open system, if not, it's a closed system that will continue to grow without crashing. The crash came when the system could not have access to financial institutions, for the investor to transact in 1994 and was declared bankruptcy 1997. The question from my end is, should they pay tax to Nigerian government? I see them as non profit organization. |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Max24: 8:38pm On Oct 25, 2016 |
KoldKash:You are funny,bro. Quoting the bible over a programme that has been banned by several countries including the originating country Rusia or u didn't do ur research about it before jumping in. Even in Nigeria the SEC has advised against it and u are here quoting the bible over a ingenious 419 scheme. How many times have u heard of SEC giving a disclaimer about a company in recent times but in this case they did. |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by guiddoti: 8:39pm On Oct 25, 2016 |
guiddoti: 1 Like |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Jonyblaze: 10:49pm On Oct 25, 2016 |
socialmediaman: Mr man don't come here and be giving me details of things that are not MMM. You said MMM had crashed in many countries, sadly you met someone who knew facts, don't give me bullcrap about other schemes, Na only MMM i Sabi. Because those other schemes you're taking of are not MMM. Did they openly tell the world that they are paying Peter from Paul's money like mmm did? Abi they hide that fact as usual and you're calling it the same? Did they not keep their money in one central account and abscond with the money when things were bad? Can mmm do that when your money is even in your account? Bros please if you want to talk or you want to compare stuff, compare stuff with facts and don't just talk because ou want to talk or because you want to sound informed. You clearly don't know nothing about mmm and that's why you think they are the same and I don't even blame you cos I was like you once until I found out just how different they are. In any case, leave us with our risk, we are not complaining even as we know the risk. That's life. It's about risks. There is a risk that somone will spend years going to university and still won't see job, but does that mean they won't go to university? There is a risk that you will do a business, invest so much and it won't pay you and u won't even get your capital back , does it mean you shouldn't do business? Everything in life has its risk and as for MMM it will only crash if we the participants allow it to crash and as u can see we are all strong believers so that stuff ain't crashing anytime soon. If you want to join, join, if you don't want to join no problem, but allow others that are making their cool money hear word 1 Like |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Jonyblaze: 10:59pm On Oct 25, 2016 |
Max24: Am happy you asked that last question, now please tell me this, have there been companies in Nigeria I'm the past that will tell you to bring money and they will be giving you profit Bla Bla Bla? I'm sure you know the answer is yes! Did they crash? Am sure you know the answer is yes! Even tho some lasted a few years. This companies were paying Peter from Paul till they eventually ran away but the government never warned against them you know why? Because the government was benefiting! They were paying tax! My guy don't deceive yourself, the Nigerian government doesn't care about you, they only care about their pocket, so you should have asked yourself why this one was so important to them that they don't want it. When the mmm is not even paying them task, and I hope you know that sec regulates sale of shares so they definitely benefit from sale of shares, are u trying to tell me that it's not clear why they don't want mmm? It's not given them tax and people sef will stop buying shares when they are seeing mmm. In a nut shell, the government is not benefiting from mmm. If the government were to be paid tax from mmm you will see they will shut their mouth up. The biggest mistake you will ever make is to think that the government loves you, they only love their pocket! |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by IstandWitBuhari: 11:20pm On Oct 25, 2016 |
Zedoo:Like I said b4 u will wait for it to crash but u will wait 4eva. 2 Likes |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by VajanahDischaj(f): 11:32pm On Oct 25, 2016 |
abbey621:what of the DickNharry that comes to deceive Nigerians with MTN Nepa bills and postinor2 |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Braaad: 11:42pm On Oct 25, 2016 |
Chat me up on WhatsApp. .. 08138168936 Oleumayhur: |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by permanentgrace(m): 5:53am On Oct 26, 2016 |
obstead200: What do you call scam? If this is a scam, then i love to be scammed. The useless APC government that promised you heaven and earth and you voted for it and none of the promises have been materialized, is that not even a bigger scam? At least MMM pays and affect my life. Has your useless government paid and affect my life as the citizen of the country? Does the useless government know if someone like myself even exist? Pls face your front and mind your business. When you see MMM, run fast and don't look back. |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by coderXO(m): 6:13am On Oct 26, 2016 |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by coderXO(m): 6:15am On Oct 26, 2016 |
Zedoo: Leave them. 1 Like |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by holocron: 8:23am On Oct 26, 2016 |
Zedoo: My brother, you hit the nail on the head. There really is no hope for this generation. The black man is doomed. The beatiful ones are not yet born. Very unfortunate. 1 Like |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by hartson: 9:40am On Oct 26, 2016 |
jist2day:yeah,sure? |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by KoldKash(m): 10:10am On Oct 26, 2016 |
Max24: You seem funnier bro. Think about mana falling for ALL the Isrealites at the desert of zin and SOME of the Isrealites prefer to stay hungry rather than eat the free mana because, number (1) It was free and they were not used to free things(2)they were supposed to till the ground and sweat before they eat (3)mana wasn't falling in Egypt,locust fell instead.(MMM banned in other countries). Bro,the bottom line is, there are two kinds of people in the world. (1) The Risk Inclined (2)The Risk Aversed. You seem to belong to the second category and it doesn't mean something is wrong with you-it's just the way you are.But if you choose,you can make a transition to category (1),I have seen a lot of people do that succefully,because that is where the action is-and a lots of rewards too. THOSE WHO SEE OBSTACLES DON'T SEE OPPURTUNITY AND THOSE WHO SEE OPPORTUNITY DON'T SEE OBSTACLES.shalom! 1 Like |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by KoldKash(m): 10:58am On Oct 26, 2016 |
Zedoo: The same God who once said man must sweat before he eats later said "see I have made you to reap where you bestowed no labour" and a good prove is that He dislodged the Canaanites,Jebuzites,Perizites....and gave their land to the Isrealites for free. Then later He added; "For you know the GRACE of our LORD JESUS CHRIST,that though He was rich,yet He became poor that YOU through His poverty might be made rich" so dear friend, if you are of the mindset that you must break litres of sweat before you eat,it is a sign you don't know the TRUTH and therefore you are not walking in the said GRACE. For it is written "I open my hand and satisfy the desire of all creature" says God. So you see from the above scripture that even animals get their cut from the bonanza,therefore,why shouldn't you?-as his choice creature. On MMM not helping the economy,I summit that you are dead wrong. I know a guy who cashed out 4.25 million naira last month and was able to buy a frying machine for his cashew nut business that was struggling before he joined MMM.so tell me,isn't that a boost for the country's economy. And so many people have been able to prop up their businesses with the help of MMM. If you deny the fact then I ask you,why do people lick banks butt just to get a loan at an astronomical interest rate?and of the bunch that apply only few ever get the loan.MMM has bridged the gab. Making it a bit easier for small and medium scale businesses to access support for their enterprise.Tell me that is not a plus for this economy! There are two types of people in life (1) The Risk Inclined (2) The Risk Aversed. You appear to be in category (2).you can make a transition to category (1) free of charge and see yourself changing levels. |
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by odimbannamdi(m): 11:47am On Oct 26, 2016 |
KoldKash: Well said, sir. Very well said 2 Likes |
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