i have spoken.
hahahahahahahaha
all yo fools thah af invested wisely ironically invested and made that igbo man called earnest mbanefo richer.
he has 28 to 30 days to transfer al you fools money into his offshore account...hahahahahah
oops what a rude shock this festive season
broke so many hearts of greedy ass nigerians.
hahahahahahaha
mmm nigeria was bought by a nigerian igbobman
he bought yhe fraudulent franchise from the fraudulent mavrodi originator of mmm in russia.
come and see the life mr mbanefo the scammer is living here in souti.
he dey buy luxury cars
bugati
ferrari
dey buy properties.

men its all over men.
he has ran away with yall money.
nobody to hold on to.
from one month..i will enter 6 months then a year then total shut down.


i told you fools.

moneywise..pound foolish.
penny wise shiit.

it has crashed .just as liberty reserve crashed.
una neva hear anything...


hahahahahahahaha.

mmmbunited.mmm global..mmm my foot.

scams al hailings to igbokwenus .

when you talk of legit scam.
igbos always come first.

i must greet all g boiz,both online and offline
all mmm keyboard warriors

eddiebomba:


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!

If not for the recession in Nigeria, I would have said it's greediness.....

Some youths are not inquisitive at all....
Once they hear about something, that's the end... .

I knew the thing was cunny, when I read that it's not allowed in the country it originated from (Russia) and it has been blacklisted in some countries e.g. China.

Appdriod:
This message appears on every participant of MMM as they log into their PO



Mavros are the unit of pseudo-currency used by participants. (Mavro is shown below in the MMM Android app)
Mavro, while in the system, grows at a rate of 30%.

A confirmed Mavro refers to a pledged amount (Provide Help) that has been redeemed (Paid to another participant).
Frozen Mavro is not an alien term in the Mavrodian (what Participants of MMM fondly call themselves) circle. Mavros after being confirmed stay frozen for certain period of time, until it's release date (usually less than 3 weeks).

In a recent Christmas promo launched by the website, additional 20% accrued bonus was added to all who made pledges, this led a lot of faithful Mavrodians to make pledges. They were mostly matched to pay their pledge faster than usual.

It is unclear if during this mandatory 30days of being frozen, whether frozen Mavro will grow.


All things being equal, some of the implications of this would include:

1. No participant can get help (withdraw the already paid money) until January 12th 2017.
2. Due to number 1 above, no participant can Provide Help (pay money) since no one gets paid till January 12th 2017.

The news broke at 1am Tuesday morning, a day always anticipated by Mavrodians as Mavro Day, since Mavros grow on Tuesdays and Thursdays. Hence many participants wait till Tuesday morning before asking to Get Help (make withdrawal).

It's been claimed by participants that the same scenario played out in December 2015, hence they are calm assuring every member that it is not a crash landing.

YOUR.NUMBER 2 STATEMENT IS 500% UNTRUE..PROVIDING HELP.IS.NOT AFFECTED BY THIS TEMPORARY MEASURE.

WHEN BANKS ARE EXPERIENCING HEAVY QITHDRAWALS WITHOUT COMMENSURATE DEPOSITS, ITS CAPABLE OF DESRROYING ITS EXISTENCE- SAME GOES.FOR.MMM..MMM has noticed the heavy withdrawal this Xmas period due mainly to the UNRELENTING MEDIA AND GOVT ATTACKS AND have decided to put on hold GETTING HELP(Withdrawals) till January 14/15(Not the date above) when MMM must have and wiill normalize. LONG LIVE MMM. MMM IS INDEED SECURED AND.ABOUT TO BE STRONGER

Rilwayne001:


Hehehe meanwhile this same step of freezing the account was exactly how they scammed people in south africa.

I tell you, you will cry your ass out for the rest of this month

leave the participant o. They have enough problems already

phlexz:
Me wey go borrow money do am nko.....

Ti e ti bàjé niyen.

so who's going to provide help to those expecting money this week?

markpenk:
Unless a significant number of those GHing are actually pseudo identities created by the company itself and tied to a few ACCTS around the country thus making it easy for them to cash in big time. . Same thing applies to those using bitcoins.

Just thinking out loud, didn't mean to alarm anyone.

That is exactly what is happening. I don't want to br deceived that there is no central account. There are main admni team that are behind the website. They can match anyone with another person. What if they create multiple fake gh and randomly make people to pay huge amount into those accounts? No address and anyone to call if it freezes just normal "hope".

I have been telling my friends convincing me to join. You don't know how ponzi scheme works. Then to make the matter worst, many Nigerians are greedy, not trustworthy, i learnt that many uploaded fake tellers and the like.
With the experience i have in online businesses, I have invested in e- publishings as a vendor, affiliates, adsense, fx tradings, article writing and the likes, made many thousands of dollars in them all together for years, I never for once do pyramid schemes for a day. People will not research well and choose wisely, everyone wants quick money. One should know the type of risks you want to take and how they want to take it. If am part of the first set of people that did mmm ,I would have stopped after few months, but since it is not in my character do participate in Ponzi scheme, I have to think twice.
I have called 2 of my friends that wanted me to join this morning. They sound very cold and I even thought they were sleeping, but they were on the road. They sound tired and felt like weeping on phone because one just provided help about 2weeks ago of almost 500k , and he kept increasing his pH in other to get massive ghgh and waiting for his turn until this happen. Also the other one refused to tell me how much is stuck. I hope all will be well with them because this can cause major Health issues in the long run as an seeing this. Ponzi scheme for me? Never

Dexcmd:
To me this is a nice decision, boodly written PH with the money you can avoid to lose.

If they don't People would get exorbitant GH this Christmas and there wouldn't be corresponding PH to equate the GH amount. Then would create more panic than this.

Nevertheless I'm to PH this morning, and I'm not even discouraged.

PH this money? you have become mumu you have become ode for life. Trust me you will never be able to recover from your ODENSY!

dmcdad:

You sef go change your account details? How long e don dey now?

lol. my brother its just 1 week now. I was hoping after like 15 days they would resolve it, but this one wey de happen now, I nor know again o.

So it begins

SilaV:
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.

How I wish info could get to the managers of MMM

obayaya:


Where are they going to get the cash to pay the peeps they are owing right now with interest?

Because whenever they unfreeze the accounts, nobody will be willing to pay in money till the dust settles at Least.

There's simply no coming back from this..

I don't know but they will get paid.

Moblord:
I believe MMM will pass through this. if they passed through December 2015 then they can still pass through this

How were they able to contain the situation back then?

Heard it crashed like this in South Africa and that was the end

The people that will make money in January are those that sells rope for sucide and coffin maker because alot of Mavrodians wil commit sucide

What am i to say again ...

Observing to Know whats next

I would have purported a better and orderly groomed idea if i were MMM community.
I wonder who gave them this Idea sha, knowing full well the Nigerian mindset, Besides why walk this path when i thought the had induced bonuses to new participants.......

Just checked Nairaland members currently viewing this thread, names covering my 5 inch phone 5x, highest I have ever seen on Nairaland, This z really serious, hope there should be no increased drug abuse, violence n suicide as a result of this news!
I said it, dis recent 50% bonus might be an inducement to lure people and...
Our generations seriously need help.

Candycrusher:



You call ponzi schemes an investment? What then will you call real estate? Over-investment abi

My dear, they'll call real estate - Outvestment.

2shur:
i have spoken.
hahahahahahahaha
all yo fools thah af invested wisely.
mmm nigeria was bought by a nigerian igbobman
he bought yhe fraudulent franchise from yhe originator of mmm in russia.
come and see the life he is living here in souti.
he dey buy luxury cars
bugati
ferrari
dey buy properties.

men its all over men.
he has ran away with yall money.
nobody to hold on to.
from one month..i will enter 6 months then a year then total shut down.


i told you fools.

moneywise..pound foolish.
penny wise shiit.

it has crashed .just as liberty reserve crashed.
una neva hear anything...


hahahahahahahaha.

mmmbunited.mmm global..mmm my foot.

scams al hailings to igbokwenus .

when you talk of legit scam.
igbos always come first.

i must greet all g boiz,both online and offline
all mmm keyboard warriors

SHUT UP!! WHO TOLD YOU MMM HAS CRASH. GO AND GET SOMETHING DOING AND WAIT TILL JANUARY 14/15 TO BE PUT TO SHAME ABOUT THIS BEST MEASURE PUT IN PLACE TO STRENGTHEN AND PROTECT MMM FROM COLLAPSE. (MASS WITHDRAWAL AGAINST 10% DEPOSITS due to PANIC NEWS like yours and Ignorant people.)..Even Banks cannot sustain it

THIS WAS JUST PUBLISED YESTERDAY. BEWARE OF PONZI SCHEMES

The founder of alleged ponzi scheme MMM, Sergey Mavrodi has written to the Nigerian Government in what critics see as a desperate item to save the scheme from an imminent collapse. In an unprecedented move for the scheme in Nigeria, the letter attempts to warn the government of the “dire consequences” of a collapse of the scheme considering the hike in rhetoric from the National Assembly against the scheme.

We read through the letter and observed the following red flags. Our comments follows;

1.”What are you trying to get? Do you want the MMM System to collapse and millions of people to suffer?”

Comment:This was the very first sentence of the letter. Here he confirms that the scheme is facing an imminent collapse if the scheme continues to come under “constant attack”. It’s a confirmation that the risk of not getting your money back when you contribute is very high.

2.“What is the scam here, if all members are warned in advance about all the risks, the possible and impossible ones? They know there are no investments at all. The warning is a red text on a yellow background placed on most prominent place of the website.”

Comment: In the second red flag, he basically admits MMM is highly risky and that it is by no means an investment. If the scheme is not an investment then it means there is no profit being created and thus a 30% interest being paid to contributors is purely built on nothing. It simple means that participants of the scheme are robbing Peter to pay Paul and will continue to do so so far there are more Peters to rob.Once Peter’s stop showing up then the Paul’s lose all their money.

3. “You say that MMM is bad. Why? Yes, it produces nothing, but nothing gets out of the country either. The money is just redistributed among the citizens of Nigeria. It gets from those who are richer to poorer ones, in this way restoring social justice. What”s wrong with that?”

Again, he buttresses the point that critics of MMM have been saying. This scheme produces nothing and creates no value. This surely means it adds nothing to the GDP, cannot be taxed and is not sustainable in the medium to longterm. He also confirms that the scheme takes from the rich and pays the poor. It’s ironic that the rich who contributes money to the scheme still gets their money out at a 30% thus an even higher quantum of Naira upon withdrawal.

4. “As for your statement that “everything will collapse soon”. The system has been working in for a year, and according to your estimates, the total number of members now is about 3 million people. In Nigeria the population is approximately 195 million. Can you calculate? Will it be “soon”?”

In this final parting shot, he boasts that the scheme has about 3 million people currently participating in it and has potential to grow as Nigeria has a population of about 195 million people. He sure has a point there considering how gullible and greedy some Nigerians can be. However, what he forgets to add is whether this number is still growing as it was 3-6 months ago? Certainly not every one of them still contributes! Also, the scheme doesn’t just rely on numbers it also depends a lot on the amount each participant is contributing. If the pool of the so-called “rich people”(,who are likely getting discouraged due to the negative press being created by the scheme) reduces in numbers then this endangers the scheme even more.

Finally, the letter from Sergey Mavrodi is a hand writing on the wall for those who have money currently stuck in MMM and those who plan to put money in it. This is a desperate attempt to allay the concerns of desperate operators of the scheme. This move might back fire as this is now a clear indication to the government that their role of protecting its citizens is being usurped by a force that is within their grasp. It is unlikely that any reasonable government will see this letter and stay mute. If authorities were looking for any reason to investigate this scheme, the this letter provides one. At least, the EFCC, SSS and other agencies cannot now claim that no one has complained. The founder himself just did!!

http://nairametrics.com/analysis-of-mmm-founder-sergey-mavrodi-letter-to-fg/

Setaje:




Please don't kill me wiv laugh. I have been reading your comments from the beginning. You mean say u still check if that websites exist!!!! Lmaooooo. The name sef get as e be!!! Hahahhahahaha

Even last week,I still religiously typed the address just to see if I will just see anything new. Since then if I hear anything money doubling,I instantly double my steps and run

ellacute45:
Heard it crashed like this in South Africa and that was the end

MMM S/A. Came back on my dear. It never crashed.

Seun:
Yes, this is not surprising. Many Nigerians would want to withdraw funds for the holidays.

Bros, my mind dey tell me say u just put small thing for this thing.

U hid my quote explaining my twin koboko69 case? It is well o.

fratermathy:


See them.. waiting to label MMM a fraud after investing thousands in it.

Don't worry... Your eye go soon clear.

And this is the same dumbito who said he has a 25 years old Professor the other time.

Better go and meet that your Professorial mentor for some life advice!


Real men work for their money! They don't put it in phantom schemes for it to grow overnight.

For every cent you get that you don't work for, nature takes it back a thousand fold.

Happy PHing and GHing!

1000 likes for this.
Rightly said.

lifeskilz129:
PH this money? you have become mumu you have become ode for life. Trust me you will never be able to recover from your ODENSY!

Lol they've even pause my countdown time.
I guess no more PH till January
....and to think of it bro everybody is gonna be pressing that Damn GH botton January
so the question now is who's gonna be proving the help?
Cos no1 is putting in shiit till someone receive money.

y'all don't get it...they need the 'one month' to pack up and leave, the wailing and blaming would serve as a distraction while they up and leave...20% bonus meant investing more, i.e, more for them. freezing, well, better to just count losses and move on.

UjSizzle:
I don't know but they will get paid.

You don't know? but they will get paid?
That sounds like "I hope they get paid"
How are you doing Uju?

Funaab freshout forum
This is a forum created for the fresh bloods coming and the returning students into the federal university of agriculture Abeokuta.....
Here on dz platform you get to be updated on the goings on the school Admission sort outs
Most especially Accommodation offers
(refreshing, cool,electricity supply, 247 water supply,standby generator for immediate backup. ........ For ur self-con, single room, flat........at any Area ››Gate/oluwo/isolu/Camp‹‹
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Don't hesitate to buzz us on this digits.....

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Feel free to call us anytime please.... You don't wanna be left out am sure, so what are you still waiting for.... .

Candycrusher:



You call ponzi schemes an investment? What then will you call real estate? Over-investment abi

If you are not benefit from this one, others are benefiting from it big time.

#TakeRisk
#FearMustDie

jollymizzle:
leave the participant o. They have enough problems already

Indeed it's not a joke to laugh at, but that idiot i quoted deserved to be ridicule. However, we need to watch our friends & family that invested closely. They may do something bad. #SuicidePrevention

Setaje:




Please don't kill me wiv laugh. I have been reading your comments from the beginning. You mean say u still check if that websites exist!!!! Lmaooooo. The name sef get as e be!!! Hahahhahahaha

Are you also an MMM participant?

*NOW* Let's remember our safety nets whc we av always sensitized ourselves abt...


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 numbers of the people getting help is greater than the people 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.

FOR THE GOOD OF ALL OF US

MMM keeps putting measures in place to ensure the sustainability of the system but as with every system run be people the sustainability of MMM Nigeria will depend on the attitude of its participants. If we begin to act in greed, try to cheat the system and make the community vulnerable to fraudsters then we will eventually be at a loss.
There has been no case of activation of pause mode or restart since the start of the current phase of MMM in all the countries MMM had been in before it got to Nigeria and our case should not be different.
I learnt people are opening multiple accounts and devising means of cheating the community and playing smart. We will only be the once who will lose and prove the doubters right.
I need not remind us that it's against the rules of MMM and when detected all your accounts will be blocked.
It's our collective responsibilities as participants and guiders to protect the community, control our down lines and ensure everyone plays by the rules.
If MMM stands the test of time , it will be our doing and if it fails tomorrow it will also be our doing. If you want referral bonus please go out and register new participants and refrain from multiple accounts and fraudulent adventures; Nigeria is big enough for all of us.
Long Live MMM NIGERIA