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Nairaland Forum / Nairaland / General / Investment / MMM Blocks Withdrawal Of Funds For One Month! (130159 Views)
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Re: MMM Blocks Withdrawal Of Funds For One Month! by omohayek: 9:30am On Dec 13, 2016 |
I can't believe that there are so many people desperate and stupid enough not to see this move for what it is: clear evidence that the MMM pyramid scheme has crashed. Why else would it have been necessary to increase the promised payout to 50% recently, if not to entice a few more greedy fools before packing up shop for good? Seeing as the money going into the system wasn't being invested in any productive enterprise, where exactly was the 30% monthly profit supposed to be coming from? Or do you MMM cultists really believe that profits can be invented out of thin air? Let's face it, the only reason why so many greedy suckers fell for this scheme is that most Nigerians didn't pay attention in their secondary school mathematics classes. It only takes a few simple calculations to see that any scheme promising exponential growth of 30% a month would soon need more new incoming cash to sustain it than there exists in the entire world. A little more attention to your school teachers would also have told you that in any scheme based on exponential growth, more than half of participants are guaranteed to lose their money when the inevitable collapse happens! I feel no sympathy for those who fell for this obvious scam and are now suffering hypertension. We warned you all several times over the past few months, and you either insulted us or told us to mind our business. Now is the time for us to return the favor and laugh at you for being so greedy and stupid. 21 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by trevolady(f): 9:30am On Dec 13, 2016 |
Re: MMM Blocks Withdrawal Of Funds For One Month! by onatisi(m): 9:30am On Dec 13, 2016 |
Hollyb:This happened in 2007 ooo. And up till now it is still like a dream,not because of the money I lost but because of the way and manner the whole thing was packaged. It was later I chatted with some Malaysians and they told me that the whole thing was setup in Malaysians and the it was the Europeans that lost most,some invested 10k dollars in it. Since then anytime I hear or see any of these scheme ,I always talk to myself aloud " onatisi remember deal2join". 12 Likes 3 Shares |
Re: MMM Blocks Withdrawal Of Funds For One Month! by yorke1: 9:30am On Dec 13, 2016 |
I blame Buhari for what is happening. |
Re: MMM Blocks Withdrawal Of Funds For One Month! by ewosk: 9:31am On Dec 13, 2016 |
My only painment na the winch when upload fake teller for me since last month i nor come fit withdraw for the whole of November 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by UjSizzle(f): 9:31am On Dec 13, 2016 |
No need to panic. Anyone who bothered to study the system will already be aware that accounts will be frozen in December to be reopened to January. But of course people just put their money in silly-sweet schemes, get blinded by all that money, and forget to do their homework. Don't worry, you'll most likely get your money next month. Doubt MMM is crashing now. 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Kebabs(m): 9:32am On Dec 13, 2016 |
It's good to take risks.. Smart risks.
MMM is a dumb risk. 2 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by nanya124(m): 9:32am On Dec 13, 2016 |
Some days ago,I heard MMM Nigeria has about 3 million participants out of over 170million population Nigeria has. Does it mean that MMM Nigeria has already grown to its peak? |
Re: MMM Blocks Withdrawal Of Funds For One Month! by SilaV: 9:32am On Dec 13, 2016 |
I sincerely do not want MMM to crash; not because I have any money in it, but I believe it has helped a couple of guys that joined early in some ways.The ONLY WAY MMM can bounce back is to use this technique that one of the similar communities is using.The technique is that you MUST PH for the SECOND TIME before being allowed to GH for your first PH ;and this second PH you are to make must not be less than the first PH you made. With this system in place, there will always be money available for every potential participant that will want to GH. Also, there won't be anything like people making panicking withdrawal because there is the trust that the last person that GHep also has money relaunched into the system.What this means is that anyone that feels like withdrawing his/her membership will still leave money into the system to cater for those that are to GH.I believe if MMM can implement this, the system will be on ground for a very long time.The only sacrifice those whose money is frozen now is to provide another help get in order to get their money back and let the system continues.If this is not done, no sane person will provide the help you need in January because it is evident that you will run away after being able to "survive" the heat.The Guilders and managers of MMM should take note of this information and implement it if they want a sustainable system next year. 3 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by haibe(m): 9:32am On Dec 13, 2016 |
sleeknick:the thing tire me |
Re: MMM Blocks Withdrawal Of Funds For One Month! by prime5052(m): 9:32am On Dec 13, 2016 |
Culin:Yea,it's all frozen but its still growing i can wait till next yr |
Re: MMM Blocks Withdrawal Of Funds For One Month! by mavinc4u(f): 9:32am On Dec 13, 2016 |
I hope the kind of traffic this thread is generating will not crash nairaland 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Kebabs(m): 9:33am On Dec 13, 2016 |
Pls sweetheart, when is it gonn crash? UjSizzle: 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by AKswift: 9:33am On Dec 13, 2016 |
I foresee a 'run' on MMM come next year. I am still trying to understand the rationale of asking everyone to GH on the same date; the world's biggest finance house would go down if it asks her depositors to withdrawal their funds same day. With this news, the scheme's participants, new and old, would be skeptical of the program. Well, there is a clause that reads: ..participate with your spare fund, I want to believe this is(was) taken into consideration... I watch closely to see how it unfolds next year.....The sustenance of MMM hinges on her participants! 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by otokx(m): 9:33am On Dec 13, 2016 |
AKswift: frozen - keep that in mind. from January 12 on whenever they choose to restart, the time will start counting so if you were on 29 days today then on January 12 you will still be on 29 days then the weekend kicks in and so its staggered for those who will GH. PH will be instantaneous so hopefully the system will reinvent itself. 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Hollyb(f): 9:34am On Dec 13, 2016 |
onatisi:I understand you. what cracked me up was the part where u said u still check up the site to see if they are back 8 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by stephnie44(f): 9:34am On Dec 13, 2016 |
Aburi001:can u imagine |
Re: MMM Blocks Withdrawal Of Funds For One Month! by ameezy(m): 9:34am On Dec 13, 2016 |
Oyeeehh Person money |
Re: MMM Blocks Withdrawal Of Funds For One Month! by adefizzy(m): 9:34am On Dec 13, 2016 |
UjSizzle: We that know know, those that are panicking should calm down. Everything will back to normal next month |
Re: MMM Blocks Withdrawal Of Funds For One Month! by davidodiba(m): 9:34am On Dec 13, 2016 |
Calm people. Things are working out.MMM can only get stronger and better 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 9:35am On Dec 13, 2016 |
ollah1:I dey ooo bruv, but i dey do am with sense. Not like alot of peeps wey dey use their last card. |
Re: MMM Blocks Withdrawal Of Funds For One Month! by trevolady(f): 9:35am On Dec 13, 2016 |
jollymizzle: I pray i wont pieces customer fabric today Not funny abeg 3 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Chinachriss(m): 9:36am On Dec 13, 2016 |
KnightOfLaif:Add me up 08106337465 |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:36am On Dec 13, 2016 |
sweetcrown:can you convince without proofs?? If your bank holds your money for 30 days without payment, will you tell your sister or brother to come and put their money? Why do we live in delusion a lot 7 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by rusher14: 9:36am On Dec 13, 2016 |
Re: MMM Blocks Withdrawal Of Funds For One Month! by eddiebomba(m): 9:37am On Dec 13, 2016 |
fratermathy: To show you how daft some of our youth are - they have smart phones, but theyre not smart; they don't have the sense to use those same phones to google the term Ponzi scheme . What is a Ponzi scheme? Who was the man named Ponzi? They don't ask those questions; all they know is that "abeg forget dat thing, MMM is real, dem dey pay, I'm making cool cash Mehn! "(in Boy Alinco slang) Well, one really hopes the price they pay for their willful ignorance isn't too steep! cos I aint gonna have no sympathy for no-one who entered this fiasco blindly! 10 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by chinnyonwu(m): 9:37am On Dec 13, 2016 |
Rilwayne001:Pls shut the fork up. Your religion and intuition forbid it, yet you decided to do it but only got saved by Holiday. You didnt know it was evil? Fooool? It didn't beat your imagination when you decided to do it? Fooool? You didnt see the warning and still decided to go ahead? Foool? What gives you the confidence to criticize victims? Fool? May Sango strike your nyash. 1 Like 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by UjSizzle(f): 9:38am On Dec 13, 2016 |
Kebabs:You don see oracle na I don't know if/when it will crash. All I know is that a December account freeze is not unusual. I don't even participate in this thing, yet I have better information than active participants. You folks need to ask questions more before dipping both feet. |
Re: MMM Blocks Withdrawal Of Funds For One Month! by obayaya(m): 9:38am On Dec 13, 2016 |
UjSizzle: Don't get it twisted... MMM has just crashed for good... 5 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Abee79(m): 9:39am On Dec 13, 2016 |
Eventually, EVERY Ponzi scheme collapses in on itself, regardless of the packaging they give it 2 Likes
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Re: MMM Blocks Withdrawal Of Funds For One Month! by Whitemoney: 9:39am On Dec 13, 2016 |
My 1.7 million, oh why why.. I don't believe |
Re: MMM Blocks Withdrawal Of Funds For One Month! by DJMCOTTY(m): 9:39am On Dec 13, 2016 |
The comments though, .... its like I am in a science class where I dont understand the terms.."GH,PH,MAVORDRI,GHW, BRT,NTA,AIT 6 Likes 1 Share |
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