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8 Reasons Why MMM Is A Perfect Scam - Investment (2) - Nairaland

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Apparently MMM is back, Apparently MMM is about to Crash. / WOW...MMM Is Paying Part 2016 Mavro...serious Matching Today...pix / 10 Reasons Why MMM Is Dying And Will Soon Be Dead (2) (3) (4)

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Re: 8 Reasons Why MMM Is A Perfect Scam by klassicview: 10:44am On Jan 13, 2017
Rubbish post from Nigeria bank's that couldn't pay me during December.

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by ClassCaptain(m): 10:44am On Jan 13, 2017
Ok
Re: 8 Reasons Why MMM Is A Perfect Scam by joyfit: 10:44am On Jan 13, 2017
grin grin grin It remain hrs for me to cash out my close to 2m
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 10:47am On Jan 13, 2017
Another mumu post

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by voicelez: 10:48am On Jan 13, 2017
MMM why[color=#990000][/color]
Re: 8 Reasons Why MMM Is A Perfect Scam by jaylorde(m): 10:49am On Jan 13, 2017
Wait, will the money come from heaven ni, na wetin dem try to avoid fir December go still happen again. Ppl will request to gh more than those offering to ph. What's even my own business there

4 Likes

Re: 8 Reasons Why MMM Is A Perfect Scam by clark0: 10:49am On Jan 13, 2017
emerich:
My pending GH request just vanished, has anyone experienced similar scenario, please share your experience.

We are on the same boat..
Re: 8 Reasons Why MMM Is A Perfect Scam by willbayo(m): 10:50am On Jan 13, 2017
MMM is back bitches
Re: 8 Reasons Why MMM Is A Perfect Scam by chemberlin(m): 10:50am On Jan 13, 2017
MMM is back..log into ur PO now

3 Likes

Re: 8 Reasons Why MMM Is A Perfect Scam by BrightAhiah(m): 10:51am On Jan 13, 2017
watching in 3D 14th Jan is d crossover night for MMM

Re: 8 Reasons Why MMM Is A Perfect Scam by Leez(m): 10:52am On Jan 13, 2017
freshinsightng:
MMM is an acronym for Mavrodi Mondial Movement which was founded in Russia in the 1990s and is known for having operated one of the world’s largest fraudulent frauds where between 5 to 40 million were swindled about USD$ 10 billion. MMM reopened in 2011 as MMM Global with operations in about 30 different countries including Nigeria, South Africa, Zimbabwe, Kenya, Argentina, Bangladesh, Brazil, India and Philippines.

The movement prides itself as a mutual aid network where members donate funds with the promise of also receiving up to 130% of donated sum within one month. But in reality it is a fraudulent scheme where fresh funds are used to settle old claims and it’s been largely popular in Nigeria within the last one year where about 3 million people have become actively involved despite warnings from the financial sector regulators and the mass media.

The organization sent shock waves throughout Nigeria on 13th December 2016 when members woke up to a mail freezing all accounts due to systems overload and negative publicity. The world has experienced lots of Ponzi schemes but none with the type of sophistication and scale which MMM represents. These are some of the reasons why MMM qualifies for the most sophisticated scam of all time.

The International Dimension: MMM leverages on the internet to scale up its operations to everywhere in the world. Unlike most other notable Ponzi schemes that were locally domiciled in various countries, MMM currently has operations in about 30 countries with plans for more spread. Members can participate from any location once they have access to the internet. It is not registered in any of the countries where it operates and has no known offices or forwarding address. It is faceless and will be very difficult for the promoters to be arrested or brought to book as they are largely unknown.

Disclaimer Clause/ Warning: On the MMM site is a warning advising members and that it is not an investment and that there are no guarantees of return. It also warms them to only use spare money to participate. It is written as “WARNING: THIS IS A COMMUNITY OF MUTUAL FINANCAL HELP! Participate only with spare money. Don’t contribute all you have”. This cleverly absolves the organization of blame in the event of default.

Your consent: your consent to having read warnings, fully understanding the risks and being of a sound mind and memory is required every time you want to participate. It plays on the psychology of members by telling them of the risks but also encouraging them to take this risk if they want financial freedom. This is another clever way of absolving itself of any blame.

Peer to Peer System: There is no central account where members donate funds to as you are matched with another member and you pay funds directly to his/her account. There is no record of you investing any funds into the organization and therefore you have no claims against it. This doesn’t mean that the promoters do not match their agents to get help without providing same until their targets are met. After all they control the back end and determine who gets matched to whom.

Donation as narration on payment instrument: A member is instructed to write donation as purpose of payment when remitting funds to another member. Donation is not an investment thereby forfeiting all claims to funds and the organization can as well decide not to payback.

Blaming the Media and Government: The organization never admits that its operations are not sustainable and always blames the government and media for failure claiming that it is being crucified for attempting to deliver people from an unjust financial system. By doing this, it cleverly deflects most of the anger and frustration for its failure from itself.

Irresistible Marketing Strategies: The organization cleverly markets itself using different well thought out strategies. These strategies include word of mouth advertising- You must write a letter of happiness for every funds received which is used to coerce other prospects and even awarded a bonus for every video you make. Also the referral system where you earn a 10% bonus on all referrals effectively drives new and existing members to participate. Other strategies include awarded bonuses to all new members and bonuses for yearend seasons to encourage participation.

Robust Platform: The MMM platform is very robust and well thought out. It almost feels like dealing with a real bank. Every member has a personal office where you have all your information, funds and can even interact with the administrator or other members. System is quite efficient and well protected.

MMM will most likely return on the 14/01/2017 as Nigeria is currently its biggest market but I believe those expecting the promoters to easily let them off the hook are dreaming. There is no pot of fund anywhere for MMM to use and pay subscribers. The promoters will only dig into desperate and helpless subscribers till the scheme is finally buried as it’s a matter of when and not whether it will eventually go bust.

source: http://www.financialslot.com/2017/01/12/8-reasons-why-mmm-is-a-perfect-scam/
them dy warn una dy beg una
una still dy "stand" with mmm
hmmm
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 10:52am On Jan 13, 2017
Chuksgeo:
few hours for people to cash out their frozen Mavros

Login now. Available for withdrawal is now available grin
Re: 8 Reasons Why MMM Is A Perfect Scam by snadguy007(m): 10:53am On Jan 13, 2017
Ntooorr
Mmm is back

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by profmsboi(m): 10:53am On Jan 13, 2017
I prefer mah play Bet9ja than mah put mah money for MMM
Re: 8 Reasons Why MMM Is A Perfect Scam by Koolking(m): 10:58am On Jan 13, 2017
freshinsightng:

Disclaimer Clause/ Warning: On the MMM site is a warning advising members and that it is not an investment and that there are no guarantees of return. It also warms them to only use spare money to participate. It is written as “WARNING: THIS IS A COMMUNITY OF MUTUAL FINANCAL HELP! Participate only with spare money. Don’t contribute all you have”. This cleverly absolves the organization of blame in the event of default.

Nigerians...SMH. Even with the conspicuous caveat, Nigerians still believe MMM can cure their physical and mental poverty

4 Likes

Re: 8 Reasons Why MMM Is A Perfect Scam by lonelydora: 11:03am On Jan 13, 2017
fifty:


Yes and back to your Mavro.

All GH requests were canceled keeping in mind that such pending mavros would be growing. Everyone can make a fresh GH request tomorrow.

So who will pay?

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by ybalogs(m): 11:07am On Jan 13, 2017
"Due to circumstances beyond our control, we will not be able to reopen today again. We will communicate new date in due course"
Why does my mind keep telling me the MMM people will get this message on Friday or Saturday?

5 Likes 2 Shares

Re: 8 Reasons Why MMM Is A Perfect Scam by goingape: 11:08am On Jan 13, 2017
now that MMM is back!
our enemy will start covering there heads especially seun and his boys
Re: 8 Reasons Why MMM Is A Perfect Scam by SEHHYTEX(m): 11:12am On Jan 13, 2017
in what order will they be paid as previous gh orders are cancelled??
Re: 8 Reasons Why MMM Is A Perfect Scam by NCP: 11:13am On Jan 13, 2017
Hours to nightmarish disasters and colossal disappointments.
Re: 8 Reasons Why MMM Is A Perfect Scam by Trippledee(m): 11:15am On Jan 13, 2017
seXytOhbAd:
I stand with MMM Nigeria. Even though I did not invest in it, I understand the plight of millions of people who have accounts with them. May God cause your detractors and haters to be silenced tomorrow.

1day left to MMM returns. Get ready to withdraw. No dulling
na only mouth u get

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by Zoehill(m): 11:15am On Jan 13, 2017
OP .............there is risk in every sphere of life, if people have decided to take risk in MMM its not up to you to scare them.
You write well but why dont you take your time to analyse NIGERIAs DWINDLING ECONOMY? THE KEROSENE SAGA? OR UNEMPLOYMENT? Contributors to MMM are not crying, what is your pain?
Kindly use your time to help and promote humanity.

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 11:16am On Jan 13, 2017
The scheme will definitely be back and that I good for those whose money are trapped but those that will loose out are anyone who will still go ahead to provide help.Such individual needs psychiatric attention.
Those whose money are there are already on an aggressive lobbying to get new members just because that's the only way to get their money back.
Anyway it's by choice. Goodluck to those that are in it.

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by bonna4u(m): 11:17am On Jan 13, 2017
"Men in general are quick to believe that which they wish to be true." -JuliusCaesar. I will say most men though...
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 11:18am On Jan 13, 2017
The scheme will definitely be back and that is good news for those whose money are trapped but those that will loose out are anyone who will still go ahead to provide help.Such individual needs psychiatric attention.
Those whose money are there are already on an aggressive lobbying to get new members just because that's the only way to get their money back.
Anyway it's by choice. Goodluck to those that are in it.
Re: 8 Reasons Why MMM Is A Perfect Scam by kayguy2(m): 11:19am On Jan 13, 2017
OK
Re: 8 Reasons Why MMM Is A Perfect Scam by Hiploko(m): 11:21am On Jan 13, 2017
Now its back can you ALL bury your heads in shame? Go to a cemetary and bury your heads
Re: 8 Reasons Why MMM Is A Perfect Scam by rius17: 11:22am On Jan 13, 2017
A
Re: 8 Reasons Why MMM Is A Perfect Scam by rius17: 11:23am On Jan 13, 2017
Yes yes yes!! !!

Re: 8 Reasons Why MMM Is A Perfect Scam by Sketch007(m): 11:25am On Jan 13, 2017
Kindly please check up your available for withdrawal balances.. MMM is back...

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