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8 Reasons Why MMM Is A Perfect Scam - Investment (3) - 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 Rilwayne001: 11:31am On Jan 13, 2017
Some people will cry tomorrow sha sad
Re: 8 Reasons Why MMM Is A Perfect Scam by seXytOhbAd(m): 11:34am On Jan 13, 2017
Trippledee:

na only mouth u get

Yes oh, na wetin I dey use chop ur sister pumpum
Re: 8 Reasons Why MMM Is A Perfect Scam by Emycord: 11:36am 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.
everyone abeg where will they get money to pay you guys or who will eventually pay you? Me? Hmmm new people will not pay in after all this tension except na una old members go pay una self. If that is the case will you for instance invest 100k extra plus ur 100k pending? Accept the simple truth mmm is gone. All this thing ur doing is consoling urself
Re: 8 Reasons Why MMM Is A Perfect Scam by pacoson: 11:44am On Jan 13, 2017
czaratwork:
Ezra 6:19
Lolzzzzzz O boy u no well
Re: 8 Reasons Why MMM Is A Perfect Scam by HENRY940: 11:54am On Jan 13, 2017
Breaking news stup.id,


MMM JUST RESUMED RIGHT NOW

Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 11:55am On Jan 13, 2017
MMM is back. I just GHed from my account.

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by Hiploko(m): 11:56am On Jan 13, 2017
folacsc200:
MMM is back. I just GHed from my account.
is ur money up to 200k?
Re: 8 Reasons Why MMM Is A Perfect Scam by saudyarmani(m): 11:58am On Jan 13, 2017
Shame on you

MMM is back

First class enemy of progress sighted
Re: 8 Reasons Why MMM Is A Perfect Scam by collinsfhk(m): 11:59am On Jan 13, 2017
MMM is back aready
Re: 8 Reasons Why MMM Is A Perfect Scam by Lionofdjungle: 11:59am On Jan 13, 2017
Please, those of you who are speaking against MMM should go and read your Bible. Ezra 6:19 . You will see that the Bible supports the return of MMM on the 14th of January.
Re: 8 Reasons Why MMM Is A Perfect Scam by Emmanuel602(m): 12:02pm 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/


Dear members,

The holidays are over, and we''re now open. Just as promised. (You might have already noticed that we always stick to our promises. :-)) Actually, we promised to be open on January 14, but we''re open now, January 13, as you can see, which is a day earlier. (Well, I hope, the members of the System will forgive us for that. :-))

It''s related to the hysteria raised by the authorities and the mass media around MMM. By joining forces, they''ve managed to nearly give the members of the System a heart attack and have frightened them out of their wits. Poor souls don''t know what to expect. Will we open again or not? :-))

This is why we''ve decided, considering the situation, to reach out to the members, reassure and cheer them up by opening a little earlier. After all, Together We Can Change The World! :-))

Here we go.

1. As of this notice, MMM resumes its usual operation. You can now create your GH-requests.

2. However, it''s obvious that panic will reign in the first few days after the re-opening of the System. We’re likely to be deluged by GH-requests. Therefore, we''re going to make gradual paybacks by setting internal output limits. In other words, we will only pay a certain amount per day. Please, be prepared to wait for a couple of days. We are certain things will then calm down, and the System operation will return to normal.

We''re the ones setting the limits, so it''s completely under our control, and we are not expecting any emergencies in principle. Have no fear and go on about your business as usual. :-))

As the System is socially oriented, we will make paybacks to the poor and the economically disadvantaged in the first place: it means to the members with small PH amounts. The richer can wait. Moreover, we''ve warned you repeatedly to only provide help with amounts that are not critical for you. Therefore, if these large amounts are not critical for them (the richer), they can wait a few days. No need to be tragic about it. :-))

This is the way it''s going to be.

Hoping for your kind understanding, Sergey Mavrodi. We Change The World!

P. S. I''d like again to call on the authorities and the mass media: Please, leave us alone! Have mercy on people.
Re: 8 Reasons Why MMM Is A Perfect Scam by Yarduni: 12:03pm On Jan 13, 2017
Re: 8 Reasons Why MMM Is A Perfect Scam by benzems(m): 12:05pm On Jan 13, 2017
Re: 8 Reasons Why MMM Is A Perfect Scam by Yarduni: 12:08pm On Jan 13, 2017
fifty:


If you know so much about banks and how they make their money, then you would be familiar with the term CROWDFUNDING (which banks and insurance companies also employ), as well as its multiplication effects on any currency.

Even the national dailies who had spread bad information about MMM in the past, have now seen or understood how MMM makes financial possibilities come true in better ways than our banks.

http://punchng.com/can-cbn-learn-mmm/

Hopefully this year you won't be left out of the million makers.

Fools will keep getting scammed.

Don't you know they collect the 30% from the scam accounts they open to collect money from people who provide help?
Get your head checked
Re: 8 Reasons Why MMM Is A Perfect Scam by akoko11: 12:09pm On Jan 13, 2017
Op and all fellow MMM haters should go and look Bush or probably hug a live transformer. This is to inform MMM participants that MMM is back Pls log in to ur PO. U can now PH and gh, together we will change the world by God's grace.
Re: 8 Reasons Why MMM Is A Perfect Scam by sammexxy(m): 12:21pm On Jan 13, 2017
mmm haters wit stupid comments... who ur comments or adivce don epp sef..for ur info mmm is bak and a big shame on u all..others make dere money and u sit down making useless comments...i pity u all in dis recession period.u go soon start begging.just hating on top nothing
Re: 8 Reasons Why MMM Is A Perfect Scam by joanana(f): 12:49pm On Jan 13, 2017
please non participants of MMM stop saying what u dont know. Leave the system alone. Na una money dey there. How e take affect una. i just dont get it!!. Keep your opinions and suggestions to urself. na wa ooo angry angry angry angry angry

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by Sketch007(m): 12:52pm On Jan 13, 2017
Of all days, you chose to write your crap today?? Shame on you ok?? You just got served as the system is back ! grin
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 12:54pm On Jan 13, 2017
Yarduni:


Fools will keep getting scammed.

Don't you know they collect the 30% from the scam accounts they open to collect money from people who provide help?
Get your head checked

I have checked mine since 2015, that's why I understand. So check urs.

Regards
Re: 8 Reasons Why MMM Is A Perfect Scam by Delihandz: 1:33pm On Jan 13, 2017
Useless Foolish post.... Y Not go find out... MMm is back.... Wicked sadist! Som ppl are not jst api to c ppl mk it in life
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 1:38pm On Jan 13, 2017
fifty:


If you know so much about banks and how they make their money, then you would be familiar with the term CROWDFUNDING (which banks and insurance companies also employ), as well as its multiplication effects on any currency.

Even the national dailies who had spread bad information about MMM in the past, have now seen or understood how MMM makes financial possibilities come true in better ways than our banks.

http://punchng.com/can-cbn-learn-mmm/

Hopefully this year you won't be left out of the million makers.

Dumb analysis. Crowd funding is used to pull resources together which is then invested into a viable economic activity which will yield profit. The profit is then shared to the investors.

Bros abeg which economic activity does mmm invest in? If you can't answer this question with a honest and straightforward answer and you are still supporting mmm then your brain is practically dead.
Re: 8 Reasons Why MMM Is A Perfect Scam by jojomario(m): 1:40pm On Jan 13, 2017
@op. Go and ........
Re: 8 Reasons Why MMM Is A Perfect Scam by skyenitan04(m): 1:44pm On Jan 13, 2017
y cant u just shut d Bleep up..na ur papa money ?
freshinsightng:
@fifty Tomorrow will definitely come but not without surprises.Ask yourself where does MMM generate the 30%-40% awoof from? Unlike banks who take deposits at a lower interest and give out loans at a higher one, thereby making a spead, MMM engages in zero economic activity. Every cycle of help being given creates a hole which will keep getting bigger until there is nothing to cover it up.

1 Like

Re: 8 Reasons Why MMM Is A Perfect Scam by Olumaeme: 2:11pm On Jan 13, 2017
80% of people who castigate mmm in public are secretly PHing and GHing we know all this things Ogbeni..
It's my money, not yours...
Re: 8 Reasons Why MMM Is A Perfect Scam by Ayotundemi(m): 2:46pm On Jan 13, 2017
Follow this link to join my WhatsApp group: https:///CnZKM6spsHu6b1fSRqFP6B


Don't miss out on any latest news, you can also share experiences


Together we rule the world....
Re: 8 Reasons Why MMM Is A Perfect Scam by jsea(m): 3:16pm On Jan 13, 2017
Mmm don open close ya thread
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 3:47pm On Jan 13, 2017
Martins301:


Dumb analysis. Crowd funding is used to pull resources together which is then invested into a viable economic activity which will yield profit. The profit is then shared to the investors.

Bros abeg which economic activity does mmm invest in? If you can't answer this question with a honest and straightforward answer and you are still supporting mmm then your brain is practically dead.


Am not gonna brawl with you man, I know you are pained and it's understandable grin. Normally I wouldn't have even answered you, but I am in a happy mood PLUS am pasting this here so that Many other participants would be informed about how MMM works, so it's not really for you.

This is how 30% is gotten to pay participants.

Let’s say, 100 donations came in from 100 participants @2,000naira each = 200,000naira. In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in. The big question is now how, of which am sure is your main bone of contention on the subject?


Now Here it is:-

The 60,000naira wld come in through:-

(1.) Regular GH and re-PH from the 100 donations done by the participants.

Here is d maths:- 50 participants GH all their earnings + Principal donation = 130,000naira. Total left over PH balance = 70,000naira.The remaining 50 then needs 60,000naira to get their own 130,000naira paid too.

The first 50 who recieved 130,000naira total then re-PH back their 100,000naira (maybe keeping back their total profit of 30,000naira, which is usually the case, OR they even up their PH amts to get more profit. That's psychology).

That then adds up to the 70,000naira available to pay the 50 participants left (130,000naira).

++ So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!!. So it's not necessarily important to get NEW MEMBERS before we can pay ourselves. Change that mentality.

+++ This is just d same Principle Banks work with. That is why it is possible for just a deposit to serve 10 – 20 withdrawals. And they pay you little interests for using your money to keep the redistribution process going!!

++NOTE+++ There are hardly cases where people come and do “Hit and Run” – The one u GH’ed and ran away with will soon finish and u will have to start all over again when coming back!! So by psychology, people usually just relax on the system to earn for a longer period (You would be surprised to know that lots of people are Phing everyday, even in the light of the one month freeze. The 50% ROI was implemented for one month to attract pple to PH, and of cos they won't be paired to pay the paused GHers until the freeze if over. Which is so wonderful).

So whether new donations comes in OR not, the process of providing and getting help can continue for as long as all participants knows the whole process depends on their actions or inactions!!!

Secondly...

(2.) New donations coming in through participants referring others to the community.

This keeps the system consistently growing as its self sustainable!! Every business (offline/online) needs new sales to grow. But that's not to say that, a business/investment cannot survive on the old investors and their investments.
Re: 8 Reasons Why MMM Is A Perfect Scam by Prechy08(m): 3:59pm On Jan 13, 2017
Mumu mmm is back, na People like you that are not participants and dont know anything about mmm that always type rubbish
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 4:25pm On Jan 13, 2017
fifty:



Am not gonna brawl with you man, I know you are pained and it's understandable grin. Normally I wouldn't have even answered you, but I am in a happy mood PLUS am pasting this here so that Many other participants would be informed about how MMM works, so it's not really for you.

This is how 30% is gotten to pay participants.

Let’s say, 100 donations came in from 100 participants @2,000naira each = 200,000naira. In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in. The big question is now how, of which am sure is your main bone of contention on the subject?


Now Here it is:-

The 60,000naira wld come in through:-

(1.) Regular GH and re-PH from the 100 donations done by the participants.

Here is d maths:- 50 participants GH all their earnings + Principal donation = 130,000naira. Total left over PH balance = 70,000naira.The remaining 50 then needs 60,000naira to get their own 130,000naira paid too.

The first 50 who recieved 130,000naira total then re-PH back their 100,000naira (maybe keeping back their total profit of 30,000naira, which is usually the case, OR they even up their PH amts to get more profit. That's psychology).

That then adds up to the 70,000naira available to pay the 50 participants left (130,000naira).

++ So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!!. So it's not necessarily important to get NEW MEMBERS before we can pay ourselves. Change that mentality.

+++ This is just d same Principle Banks work with. That is why it is possible for just a deposit to serve 10 – 20 withdrawals. And they pay you little interests for using your money to keep the redistribution process going!!

++NOTE+++ There are hardly cases where people come and do “Hit and Run” – The one u GH’ed and ran away with will soon finish and u will have to start all over again when coming back!! So by psychology, people usually just relax on the system to earn for a longer period (You would be surprised to know that lots of people are Phing everyday, even in the light of the one month freeze. The 50% ROI was implemented for one month to attract pple to PH, and of cos they won't be paired to pay the paused GHers until the freeze if over. Which is so wonderful).

So whether new donations comes in OR not, the process of providing and getting help can continue for as long as all participants knows the whole process depends on their actions or inactions!!!

Secondly...

(2.) New donations coming in through participants referring others to the community.

This keeps the system consistently growing as its self sustainable!! Every business (offline/online) needs new sales to grow. But that's not to say that, a business/investment cannot survive on the old investors and their investments.

In all this Mumbo-Jumbo you typed you didn't point out any viable business that MMM does to warrant paying 30% interest excluding bonuses to lure people into their trap.

What you successfully demonstrated though is that mmm robs peter to pay paul and that it will crash when there is no more peter to steal from.

And please stop comparing mmm to banks. Banks can afford to pay interest on loans because when they collect from you, they loan it out to someone who must repay the principal plus some interest. That someone did business with the money, hence was able to generate profit.

Imagine a scenerio where banks simply collects money and locks in vaults with the hope that it will double. Is it possible?

From another angle, you claim mmm is better than banks because banks will charge you 25% PER ANNUM on loans..... But you folks at MMM are indirectly charging people 30% PER MONTH.... Or where is do you think 30% interest in coming from?

For your information, MMM creates a debt of 130 million within 30 days if 100 million is used to PH. In 1 year, it becomes 460 million debt (30million x 12 + 100 million). Unless ritual money and Yahoo, where will they get money to clear such burden?

This is what would have happened in December if people had wanted to collect their money. The fraud in the system would have been exposed and it would have collapsed.

But you peoples brains have been filled with akamu so much so that you cannot think well for yourselves. Instead of swallowing your lose and jejely moving on you want to sink more money into a sinking ship.

I will be here to laugh at your foolhardiness wn d D day arrives. For now please keep GHing and PHing your hard earned money to crooks you don't know and can't hold.
Re: 8 Reasons Why MMM Is A Perfect Scam by Nobody: 4:41pm On Jan 13, 2017
Martins301:


In all this Mumbo-Jumbo you typed you didn't point out any viable business that MMM does to warrant paying 30% interest excluding bonuses to lure people into their trap.

What you successfully demonstrated though is that mmm robs peter to pay paul and that it will crash when there is no more peter to steal from.

And please stop comparing mmm to banks. Banks can afford to pay interest on loans because when they collect from you, they loan it out to someone who must repay the principal plus some interest. That someone did business with the money, hence was able to generate profit.

Imagine a scenerio where banks simply collects money and locks in vaults with the hope that it will double. Is it possible?

From another angle, you claim mmm is better than banks because banks will charge you 25% PER ANNUM on loans..... But you folks at MMM are indirectly charging people 30% PER MONTH.... Or where is do you think 30% interest in coming from?

For your information, MMM creates a debt of 130 million within 30 days if 100 million is used to PH. In 1 year, it becomes 460 million debt (30million x 12 + 100 million). Unless ritual money and Yahoo, where will they get money to clear such burden?

This is what would have happened in December if people had wanted to collect their money. The fraud in the system would have been exposed and it would have collapsed.

But you peoples brains have been filled with akamu so much so that you cannot think well for yourselves. Instead of swallowing your lose and jejely moving on you want to sink more money into a sinking ship.

I will be here to laugh at your foolhardiness wn d D day arrives. For now please keep GHing and PHing your hard earned money to crooks you don't know and can't hold.


Unfortunately for you, you couldn't grab it. You probably didn't even read it. That's why it's mumbo jumbo. You are so engulfed with the necessity of a product or a service in order to make money. In the 21st century, things have changed Dad.

You talked about what would have happened in December.

Martins301:


This is what would have happened in December if people had wanted to collect their money. The fraud in the system would have been exposed and it would have collapsed.

Did u see how banks experienced the same hard time/difficulties in paying fellow customers their hard earned money during the yuletide seasons, which was merely saved in there accounts?

You will see the light one day. Keep living in your comfort zone, lol.

Other trolls have been waiting for the past 5years in other countries praying, fasting and wishing that MMM will crash. Till now they still wait. MMM is here to stay.

So Goodluck as u await what you will never see.

Regards.
Re: 8 Reasons Why MMM Is A Perfect Scam by missyadorable(f): 4:52pm On Jan 13, 2017
ybalogs:
"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?
Because your mind is evil and filled with bitterness

Sorry oo! MMM is back and better!!
Re: 8 Reasons Why MMM Is A Perfect Scam by missyadorable(f): 4:54pm On Jan 13, 2017
Rilwayne001:
Some people will cry tomorrow sha sad

Yes,people like you.I bet you are already crying now

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