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We Are Investigating MMM Ponzi Scheme — EFCC - Business - Nairaland

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We Are Investigating MMM Ponzi Scheme — EFCC by dipoolowoo: 11:49pm On Nov 15, 2016
The Economic and Financial Crimes Commission, EFCC, has confirmed ongoing surveillance on the MMM investment scheme.

EFCC spokesman, Wilson Uwujaren, gave this indication in an interview with DAILY POST on the sidelines of a training programme in Port Harcourt.

Uwujaren, however, said the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder bank like MMM.


He said the anti-graft agency was also watching other online schemes that promise huge returns on investments.

The EFCC spokesman said preliminary investigations have shown that such online schemes thrive in countries that are facing economic recession.


He warned that there was big chance of desperate subscribers on such platforms of losing their investments.

“We can only arrest people based on the evidence that we have. The House made a resolution but the resolution is a public announcement.


“We have always been advising people not to patronize wonder banks because experience over time has shown that their activities are not sustainable.

“If you get involved in it, you will eventually get hurt. What we are currently doing is to sensitize people. We know people want to make quick money as a result of recession through this MMM.

“The unfortunate thing about this MMM is that it is not a Nigerian firm but we are looking at and we will still tell the media whatever we find out,” Uwujaren said.

http://dailypost.ng/2016/11/15/mmm-surveillance-efcc/

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 12:07am On Nov 16, 2016
hmm... government interference on this scheme is enough to bring it to untimely death and if I were one of the participants these threats is more than enough for me to pull out to avoid story that touchs the heart

80 Likes 6 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Acidosis(m): 12:17am On Nov 16, 2016
"However, he said the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder bank like MMM."




What a useless author



While at it, they should ensure that Baba Ijebu, Nairabet, Surebet, etc stop operations.

172 Likes 4 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by PaulIdu: 1:05am On Nov 16, 2016
All these utterances from govt might lead to faster death of MMM ..it's better to let it die a natural death

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by chiscodedon(m): 6:29am On Nov 16, 2016
we hear

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 6:32am On Nov 16, 2016
carmag:
hmm... government interference on this scheme is enough to bring it to untimely death and if I were one of the participants these threats is more than enough for me to pull out to avoid story that touchs the heart

Who fear don epp?

139 Likes 4 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by omowolewa: 6:38am On Nov 16, 2016
He who sniffs everybody's yansh to identify that source of mess will end up messing the next, because he will get filled before completing the assignment.

EFCC wan join MMM be that.

64 Likes 4 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by yhemsy62(m): 6:53am On Nov 16, 2016
carmag:
hmm... government interference on this scheme is enough to bring it to untimely death and if I were one of the participants these threats is more than enough for me to pull out to avoid story that touchs the heart
As if they warning is going to help me pay my bills

81 Likes 3 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Sirrexninefour(m): 6:58am On Nov 16, 2016
Lobatan!

grin

House of Reps => tongue

5 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Boleyndynasty2(f): 6:59am On Nov 16, 2016
Useless Government

55 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Lajet: 7:03am On Nov 16, 2016
MMM Rock

121 Likes 3 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by nonoski: 7:08am On Nov 16, 2016
About tym

1 Like 2 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by otukpo(f): 7:10am On Nov 16, 2016
Even as all these investigations are going on, some people are still paying money into this MMM scheme.

16 Likes 2 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by TonyeBarcanista(m): 7:15am On Nov 16, 2016
carmag:
hmm... government interference on this scheme is enough to bring it to untimely death and if I were one of the participants these threats is more than enough for me to pull out to avoid story that touchs the heart
Government trying so hard to kill MMM but participants ain't buying the crap. One thing about MMM guys is that they are determined irrespective of government's position. we must give it to them

170 Likes 10 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Hiploko(m): 7:28am On Nov 16, 2016
TonyeBarcanista:
Government trying so hard to kill MMM but participants ain't buying the crap. One thing about MMM guys is that they are determined irrespective of government's position. we must give it to them
because it is obvious government is useless and not ready to lift them outta poverty

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by richidinho(m): 7:29am On Nov 16, 2016
See the man here

164 Likes 46 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by eleojo23: 7:31am On Nov 16, 2016
Investing in MMM is a personal choice.

It is risky but it is their money.

If it the scheme folds, it is their cup of tea.

I think the government should focus more on making life easy for the masses so that they wont find schemes like MMM attractive instead of just attacking the scheme.

Looking at the situation of things right now, people are ready to bet their lives on MMM rather than on the government's bogus promises.

206 Likes 18 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by talktimi(m): 7:32am On Nov 16, 2016
EFCC should leave MMM and go after Atiku, yesterday a sitting governor made very damning allegations against the man. I've never come across anybody doing MMM who has complained about the 30% he or she is receiving cool

128 Likes 5 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by TheNonce: 7:32am On Nov 16, 2016
cheesy


MMM?....Mugus Mass Market.......




No wonder!

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by Xano(m): 7:36am On Nov 16, 2016
MMM is more like shuffling/transferring money from one account to the other. No investment, just random money transfers. After a month, 30% increase of another person's money; another instruction to transfer to another. 7% commission for referral.
Funny scheme

17 Likes 3 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by everozone: 7:55am On Nov 16, 2016
Just investigation.That's normal.The outcome will be: 'Our finding is that MMM is legal and has come to stay,meanwhile efcc men and officers have already joined and are doing it (MMM) ,it's changing life and eradicating poverty.Hurry up!Join now!'.

62 Likes 2 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by tafrica(m): 8:21am On Nov 16, 2016
FagsamPHP:
I still got an alert of 65k yesterday, and today someone has also been matched to pay 119,000 into my account... Aside the 22k on referral that i withdrew on monday.... Maybe na Govt, EFCC of House of Assembly go pay my bills.... Stupid Govt we have, that plunged us into recession.... Thunfer Fire Buhari!!!!!!

Only you?
Quote me when you want to pay your tithe here. God bless you

20 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 8:34am On Nov 16, 2016
PaulIdu:
All these utterances from govt might lead to faster death of MMM ..it's better to let it die a natural death

Look here, not only EFFCC investigating this poo. Intelligence agencies around the world are running their investigations the way they do to drug cartels. They don't just strike, like DSS and EFCC then start investigating after arrest, they do their home work well, cos when they strike, they kill it once and forall and they dont care how many people hang themselves or get hurt as a result. No sane government will keep watching MMM. Mark my words.

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by tutaboi(m): 8:39am On Nov 16, 2016
Our ppl said that ....ear that will hear will not be as big as traditional Hart. ....pls enjoy the offer but...know that the stuck will never last.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 8:42am On Nov 16, 2016
LEAVE MY MMM OOO!!!

102 Likes 3 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Frank3n2(m): 8:54am On Nov 16, 2016
Am sure many EFCC staff are already waiting for there 30 days grin

88 Likes 4 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by alizma: 8:58am On Nov 16, 2016
FagsamPHP:
I still got an alert of 65k yesterday, and today someone has also been matched to pay 119,000 into my account... Aside the 22k on referral that i withdrew on monday.... Maybe na Govt, EFCC of House of Assembly go pay my bills.... Stupid Govt we have, that plunged us into recession.... Thunfer Fire Buhari!!!!!!
I think you should also tell us the other side of it, I mean how much help you have provided within the period that you receive these respective amount and how much you have cashed out then we can know whether you are making profit or not.
besides, since the money you paid is not being invested in a profitable business, is it not reasonable to ask yourself where is the so call 30% increase is coming from, who is paying those that works day and night to keep d system out of crash and ensure smooth transitions? MMM is a build up of debt that will certainly crash someday, some people would have make enough money and quite while others will not be that lucky but the government is looking at the effect on everyone.

34 Likes 3 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by holatin(m): 9:56am On Nov 16, 2016
I need their help line cus i want them 2 investigate my pastor.
E just bought a bugatti as a full time pastor, even non of d church member get BU nt 2 talk of GATTI

29 Likes 7 Shares

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