Mmm Warning- Make Your Decision Now by Mimzyy(f): 7:19pm On Dec 12, 2016 |
#MMM_WARNING : MAKE YOUR DECISION
I WILL ROB PETER AND PAY YOU, PAUL - EVERYTHING YOU WANT TO KNOW ABOUT THIS SCAM CALLED MMM - By Ronald Nzimora
MMM scam in Nigeria from Far Away Russia without any Physical Product to sell or Any Physical Office to Locate them.
by RONALD NZIMORA
In 2001, I was a starry eyed University student, who was desirous of making it big in life and becoming rich.
I was looking for businesses opportunities that would make me a lot of money. I tried different things.
In 2003, November to be precise, I stumbled on internet marketing, through Success Digest magazine.
Over the next few years I would try almost everything published in the paper – affiliate marketing, information marketing, Google Adsense, you name it.
In 2006, one particular money-making scheme came up which attracted hordes of fans. That scheme was/is known as HYIP.
What’s a HYIP? It’s called a High Yield Investment Programme.
Basically how it works is this:
You put in some money, and then every day or week, or month, depending on the particular HYIP website you registered with, you would earn a percentage, maybe 10%, 15%, 20%, 25%, 50% and even 100% again depending on the HYIP site.
It looked so easy. Just put in money and wait for sometime and bam! You get a percentage.
It looked too good to be true but nothing tried, nothing gained, right? So I gathered my school feeding money and bought eGold (remember them?) worth $50 and “invested”.
The following week, my money had “grown” to $100. My HYIP company paid 100% of your money every week. My oh my! I was totally sold!
Now to make more money, I needed to reinvest my money which was now $100 which I promptly did. The following week, I had $200.
Gaddem!
So I went round school preaching this stuff. I even preached it far more than the guy who introduced it to me. I got others to “invest” and with each investment they did, I was scheduled to be paid a 10% “commission bonus” for the referral.
I went looking for more money to borrow to invest because my thinking was, if I had gotten $200 with just $50 in two weeks, imagine how much I would get if I invested $500!
The guy who introduced me to it went to his Mum, borrowed her retirement gratuity and invested another =N=500,000, roughly about $5,000 then!
That week he had earned $13,000 including commissions!
Shit!
I could see my riches coming. My dream cars, my beach house. I prayed to God morning and evening thanking him for remembering me.
It was like a blessing for everyone, and naturally people poured into this scheme.
One day, I got a call from Nonso, the guy who invited me. He sounded desperate, his voice shaky as he asked me if I had checked my HYIP account. I said no.
“What’s the problem, I asked?”
“I can’t see the money in my account anymore”, he said. “My money is gone.”
When he said that, I felt my heart sink, my stomach turned and I suddenly felt sick. If I remember correctly, I think I pissed a little hot urine on myself.
“Where are you?” I asked. He was at a cybercafe town, so I jumped into a bus and went to meet him.
As I was logging into my own account, my mouth was dry but my account opened!
“Ah! Thank God” I said.
Anyways, Nonso had requested for the HYIP company to send him $7,000 out of his $13,000 which was perfectly okay to do. You were allowed to request a payout anytime you want, between Monday – Friday.
However, after he had placed the request, he logged in a few days later, and his balance was no longer there. It had been wiped out. In fact the page that showed your account was no longer opening.
“It must be something wrong with your account I said. Have you emailed them?” He had emailed, but got no reply. Called the numbers on the website, but they were not going through.
So I placed a payout request of $100, and suddenly, my own account balance was wiped out.
Sweat started forming on my brows. I refresh the page again and again, still the same thing. The account balance page was no longer opening.
We went back to school hoping that things would change. It didn’t. It took me several days to come to terms with the fact that my $200 abi $50 was gone forever.
Someone in Iran, Russia, Ukraine, only God knows where had taken my money and it was gone.
Nonso’s mother’s gratuity was gone. All the monies by those I introduced? Gone! I and Nonso became almost like outcasts in the school. Nobody wanted to deal with us anymore as far as business was concerned. We were blamed for the con.
Why am I telling you this story?
Because lately, I have been receiving offers from people to promote a ponzi scheme called MMM.
They tell me it’s a business. That it works. That people have been paid money, blah blah blah.
I want to use this piece to write an article and wash my hands off this matter once and for all.
MMM is a ponzi scheme. Simple and short. I have been in business long enough to smell a scam from a thousands miles away, and this one is a big scam.
It’s the return of the HYIP days of 2006.
Ponzi scams reinvent themselves every few years, change their name, wear “new clothes” and come out as the newest best thing since sliced bread.
In 2008, they returned as wonder banks – Nospetco, Gradual Investments, etc. In 2010 it was Clickviral. In 2012 – 2013, it was “Oil and Gas Investment” companies. Today it’s MMM.
MMM is a scam. It is not a real business.
A real business has A PRODUCT to SELL, a product that adds value to the person buying it. There’s an EXCHANGE of value between both sides – the buyer and the seller.
MMM doesn’t have that. Rather it “pays” you a “commission” to refer people. Where does it get the money to pay these commissions? For how long can this be sustained?
What product does MMM sell? Why does an “investor” take his money and “gift” it to some stranger, and then wait for someone else to choose him and also “gift” him too?
If you don’t get someone to choose you, then you wait and your money “grows”? Grows? How so? With fertilizer? Where will MMM get the money to pay you this percentage from? Will they steal it?
The most alarming thing about this stuff is this mysterious program is based in Russia. Russia? Are you kidding me? Anyone who knows anything knows that Russia is a country full of murderous mobsters who run illegal gambling operations, money laundering and prostitution rings.
They have since forever created similar programs to mop money up, transfers their illegal funds and pay off people to kill their rivals.
Are you unknowingly helping support a Russia mafia boss and putting innocent people in danger while perpetrating money laundering, illegal gambling and prostitution?
I will not be surprised if the EFCC swoops on the people who run these and guess who they will come after? Yes you the big gun who is pushing this everywhere.
And no, you cannot blame Buhari for your misfortune when it happens.
Frankly, it amazes me that people who should be knowledgeable are pimping this MMM stuff.
It’s a scam. And it will collapse like all ponzis do. It’s just a matter of time. If you really care about your audience and want their good, not just money that will enter your pocket by doing a seminar, then you will NEVER promote that shit.
It speaks volumes about the mentality of the general masses that they always gravitate towards a business “opportunity” that requires, “no work” and no “effort”.
NEWSFLASH: The only way to make money is to actually provide something of value to another person in exchange for cash, not to give someone money and then wait for another person to give you.
What nonsense is that?
This is my last say about this MMM and similar cash gifting programs. I do not want any part of it. I do not wish to receive any further enquiry about it from anybody.
And please, next time before you come into my inbox with some frivolous questions about a program, do me and you a favour, fire up Google and do some research about it FIRST.
Thank you. Modified: 6:32am. 13/12/16. It is happening gradually. joebases: The popular magic financial scheme, MMM Nigeria in a guise of protecting their system from overload in this yuletide has frozen all confirmed mavros ie those who are eligible to 'get help'. This simply means that all investments into the scheme cannot be returned, hence, people's money stuck until whenever they feel their system is fit enough to run again. The panic this morning caused by this development is better left for imaginations. 4 Likes 2 Shares |
Re: Mmm Warning- Make Your Decision Now by midehi2(f): 7:23pm On Dec 12, 2016 |
i started reading but no interest, too long, afterall i no do mmm before 2 Likes |
Re: Mmm Warning- Make Your Decision Now by divinelove(m): 7:27pm On Dec 12, 2016 |
Mumu post 23 Likes |
Re: Mmm Warning- Make Your Decision Now by jamislaw(m): 7:31pm On Dec 12, 2016 |
That's the problem with Nigeria they will never mind their business. 5 Likes |
Re: Mmm Warning- Make Your Decision Now by collinsfhk(m): 7:35pm On Dec 12, 2016 |
Gross display of ignorance 8 Likes |
Re: Mmm Warning- Make Your Decision Now by missiamme: 7:38pm On Dec 12, 2016 |
hiss.. 4 Likes |
Re: Mmm Warning- Make Your Decision Now by Hiploko(m): 7:39pm On Dec 12, 2016 |
MMM sweet o! 6 Likes |
Re: Mmm Warning- Make Your Decision Now by MidasTouche01(m): 7:39pm On Dec 12, 2016 |
Mimzyy, u too dey there Is it your money they are putting? Abeg let them put their money where they like ooooh 3 Likes |
Re: Mmm Warning- Make Your Decision Now by Nobody: 7:40pm On Dec 12, 2016 |
epistle... e concern u....abi na ur money? 2 Likes |
Re: Mmm Warning- Make Your Decision Now by Lordwize(m): 7:41pm On Dec 12, 2016 |
I have done hyip before, it's different from our MMM o. The more you write or talk about MMM , the more it grows. Longlive MMM. 6 Likes |
Re: Mmm Warning- Make Your Decision Now by BiafranBushBoy: 7:44pm On Dec 12, 2016 |
Op your story is perfect.
The man who killed all his children because he thought the world will end in 2000 said all these.
The man who borrows to pay school fees for his kids is saying this thing you said
The man who eats his cash away by gambling is saying exactly this same thing!!
MMM will fail, no doubt... but when will that be??
Help us be the time keeper, while we keep flexing our 30%.
God bless you!! 20 Likes 1 Share |
Re: Mmm Warning- Make Your Decision Now by Mimzyy(f): 7:45pm On Dec 12, 2016 |
MidasTouche01: Mimz, u too dey there
Is it your money they are putting?
Abeg let them put their money where they like ooooh Haven't asked anyone not to invest have I? |
Re: Mmm Warning- Make Your Decision Now by menxer: 7:46pm On Dec 12, 2016 |
Rantings. 2 Likes |
Re: Mmm Warning- Make Your Decision Now by MRSANITY(m): 8:03pm On Dec 12, 2016 |
Moronic thread.
Is this the same minzy that contested Miss NL? I think say that girl get sense. 17 Likes |
Re: Mmm Warning- Make Your Decision Now by Nobody: 8:08pm On Dec 12, 2016 |
MRSANITY: Moronic thread.
Is this the same minzy that contested Miss NL? I think say that girl get sense. Haba Bros, he never reach like this na. And na Mimzy no be minzy.
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Re: Mmm Warning- Make Your Decision Now by MRSANITY(m): 8:11pm On Dec 12, 2016 |
LastMumu:
Haba Bros, he never reach like this na. And na Mimzy no be minzy.
She no know say MMM is divinely ordained by Jah himself to alleviate poverty from the land? I fit break bottle for her head becos of this thread. 12 Likes |
Re: Mmm Warning- Make Your Decision Now by MRSANITY(m): 8:13pm On Dec 12, 2016 |
Op you better receive sense before person use you shine this evening 2 Likes 1 Share |
Re: Mmm Warning- Make Your Decision Now by JeffreyJamez(m): 8:15pm On Dec 12, 2016 |
Most Nigerians don't actually care all they care about is that their money should sha come when it's time to come not minding where it's coming from. 2 Likes |
Re: Mmm Warning- Make Your Decision Now by Mimzyy(f): 8:18pm On Dec 12, 2016 |
MRSANITY: Op you better receive sense before person use you shine this evening Cry me a river . 3 Likes |
Re: Mmm Warning- Make Your Decision Now by Mimzyy(f): 8:20pm On Dec 12, 2016 |
LastMumu:
Haba Bros, he never reach like this na. And na Mimzy no be minzy.
Don't mind him. He's crying more than the bereaved. If we check his mmm account, his investment might just be 2k . Let him keep ranting. 5 Likes |
Re: Mmm Warning- Make Your Decision Now by Mimzyy(f): 8:21pm On Dec 12, 2016 |
MRSANITY: She no know say MMM is divinely ordained by Jah himself to alleviate poverty from the land? I fit break bottle for her head becos of this thread. Street Urchin spotted. 3 Likes 1 Share |
Re: Mmm Warning- Make Your Decision Now by KingRex1(m): 8:47pm On Dec 12, 2016 |
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Re: Mmm Warning- Make Your Decision Now by Tessie01(f): 8:49pm On Dec 12, 2016 |
why must y'all use MMM as a case study everyday? Anyone who is into MMM is aware of the risk involved, it's either you pray for them to succeed or you leave them alone. 6 Likes |
Re: Mmm Warning- Make Your Decision Now by Mimzyy(f): 8:51pm On Dec 12, 2016 |
KingRex1: why evuls?? Hunnie I didn't mean to . |
Re: Mmm Warning- Make Your Decision Now by Hiploko(m): 8:54pm On Dec 12, 2016 |
The way non participants carry MMM matter for head ehn!!!! 4 Likes |
Re: Mmm Warning- Make Your Decision Now by KingRex1(m): 8:56pm On Dec 12, 2016 |
Mimzyy:
Hunnie I didn't mean to . Lol don't mind him . Are you really not on mmm? |
Re: Mmm Warning- Make Your Decision Now by Rilwayne001: 8:58pm On Dec 12, 2016 |
MRSANITY: She no know say MMM is divinely ordained by Jah himself to alleviate poverty from the land? I fit break bottle for her head becos of this thread. |
Re: Mmm Warning- Make Your Decision Now by MRSANITY(m): 8:59pm On Dec 12, 2016 |
Mimzyy:
Street Urchin spotted. Street Urchin? Toto dey scratch you ba? Pls carry your itchy Toto far away from me, I am not interested. God punish you. Your fada! No wonder you didn't win Mrs nairaland. 6 Likes |
Re: Mmm Warning- Make Your Decision Now by MRSANITY(m): 9:01pm On Dec 12, 2016 |
Mimzyy:
Cry me a river . yeye girl 1 Like |
Re: Mmm Warning- Make Your Decision Now by Mimzyy(f): 9:01pm On Dec 12, 2016 |
KingRex1: Lol don't mind him . Are you really not on mmm? Yeah. |
Re: Mmm Warning- Make Your Decision Now by MRSANITY(m): 9:04pm On Dec 12, 2016 |
Hiploko: The way non participants carry MMM matter for head ehn!!!! don't mind them, the man fucking the op may even be a major beneficiary of MMM. 7 Likes |
Re: Mmm Warning- Make Your Decision Now by Nobody: 9:05pm On Dec 12, 2016 |
@ Op go and sleep 4 Likes |