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MBA Forex (please I Need Better Explanation) - Investment (14) - Nairaland

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MBA Forex Unable To Pay Investors In December / Why Are Nigerians Still Investing In MBA Forex, BARA And Others? / MBA Forex Changes Maturity (2) (3) (4)

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Re: MBA Forex (please I Need Better Explanation) by Nobody: 11:29am On Dec 20, 2020
CopaMike:
What's going on here? Where are the MBA defenders, warriors, fighters, generals and commanders of various formations including 50nizzy, Dragonfire and Co abeg make una come o, war dey una domot, Whiteshield, BadAdviser and Co don bring war come oo
I'm here
Re: MBA Forex (please I Need Better Explanation) by Saverin: 12:37pm On Dec 20, 2020
sgtponzihater1:
"Once upon a time, lived a lot of monkeys near a remote village.

One day a very rich merchant came to the village to buy these monkeys! He announced at the village market square that he will buy the monkeys at $100 each. passers by villagers thought the merchant to be insane. They thought how can a reasonable person buy stray monkeys at $100 each?
Yet, some smart ones caught some monkeys and gave it to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold it to the merchant.

After a few days, the merchant announced that he will buy monkeys at $200 each. The lazy villagers also ran around to catch the remaining monkeys!


They sold the remaining monkeys at 200 each.Then the merchant announced that he will buy monkeys at 500 each!

The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.

The villagers were waiting anxiously for the next announcement.

Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys at 1000 each!

He asked his employee to take care of the monkeys he bought.

He was alone taking care of all the monkeys in a cage. The merchant went home.

The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.

Then the employee told them that he will sell some monkeys at 700 each secretly.

This news spread like fire. Since the merchant buys monkey at 1000 each, there is a 300 profit for each monkey.

Now guess what! The next day, villagers made a queue near the monkey cage.The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!

The villagers took care of their monkeys & waited for the merchant to return.

But nobody came! ... Then they ran to the employee...

But he has already left too!

The villagers then realized that they have bought the useless stray monkeys at 700 each and unable to sell them!"

Copied from the Monkey business folktale.

Don't loose money. It's even better to give all your money to charity, than to loose it to charlatans like MMM, GHWW, the Map, MBA investment, NARA etc

Innovate

Shun Ponzi Schemes

SgtPonziHater

1 Like

Re: MBA Forex (please I Need Better Explanation) by Saverin: 12:50pm On Dec 20, 2020
BadAdviser:

Look at this one Facebook grin cheesy

People no just get sense for this life. I'm sure this is Redscorpion na why body dey always pepper her cheesy

She no want ROI again? Na WA oh cheesy
Re: MBA Forex (please I Need Better Explanation) by Nobody: 12:51pm On Dec 20, 2020
Its 7days today that my account is still pending validation.
I thought its between 4days to 5days for admin to confirm.
Complain number could not be reach or switched off.
MBA has disappointed many, well not giving up yet will continue to push on
Re: MBA Forex (please I Need Better Explanation) by alexvatt(m): 12:59pm On Dec 20, 2020
I'm looking for somebody who will open trading account with $10,000. I will be trading, while we share the profits everyday. I'm a very good trader. kindly WhatsApp me for business deal.

1 Like

Re: MBA Forex (please I Need Better Explanation) by bozz007(m): 1:58pm On Dec 20, 2020
MBA has crashed? It was only a matter of time. I wanted to invest in it as well but when I found out it’s been running for over a year, I knew the crash was just around the corner. Ponzi schemes don’t last forever.

Sorry to people that lost money and congrats to the people that signed up earlier. That’s how life is, someone must lose for another person to win. Just make sure you shine your eyes next time to be among the winners.

3 Likes

Re: MBA Forex (please I Need Better Explanation) by athorello(m): 3:21pm On Dec 20, 2020
Mehn... What's going on? Other Forex "ponzis" are doing end of year thanksgiving, giving palliatives to staff and still paying roi (some even ahead of due date). Or isn't it the same Forex that they're trading? Why is MBA wandering in the forest?

People who were topping up every month, how market? I was always skeptical about the audio money money but decided to risk 8h anyway and cash out once and for all after 6 months. tongue Now, who dash monkey banana (in Fatoyinbo's voice). grin
I successfully got roi for 4 months but I'm praying that MBA comes back for all of us. cry

1 Like

Re: MBA Forex (please I Need Better Explanation) by VillagePipu: 3:25pm On Dec 20, 2020
Maxwell smart guy. He has bought foreign citizenship for his family members but the fools who gave him their money are left high and dry.

4 Likes

Re: MBA Forex (please I Need Better Explanation) by solreb: 5:32pm On Dec 20, 2020
djeezy:
what are you even saying. They didn’t pay in November and there are people who are already due for December and no payment. Is that not two months? Then what about me that applied for my capital since September and have not received? Plus so many other people I know. MBA is a ponzi and a scam. They said they sold 90 percent to WCE. I went to WCE site and they are into travel documents and has no nexus with forex. Then I checked people who own WCE and I saw about 4 whites people with foreign names. I ran an internet background check and they don’t exist. Just random pics and random names. So why hasn’t the new company come to address Nigerians? I am 100 percent sure this thing is a scam. They cannot pay anymore and have reached their limit. No new money coming in.
True talk. It was all a himmick. Those names would draw a blank when searched apart from one Kathryn whose name is linked to another citizenship for investment. WCEP was reģistered in 2018 and their statutory filing in 2019 showed they made zero revenue.
Re: MBA Forex (please I Need Better Explanation) by solreb: 5:36pm On Dec 20, 2020
djeezy:
I’ve gone there so many times since September and they kept telling me stories. I just prepared a court process against them. I also prepared Mareva injunction to prevent them from dissipating their money and assets. Undefended list for liquidated monetary demand will make my action swift
The MOU expects you to go through an arbitration process. You must exhaust this option before the court will hear you.

2 Likes

Re: MBA Forex (please I Need Better Explanation) by CopaMike(m): 8:50pm On Dec 20, 2020
solreb:

The MOU expects you to go through an arbitration process. You must exhaust this option before the court will hear you.
what does that mean?
Re: MBA Forex (please I Need Better Explanation) by BadAdviser: 9:31pm On Dec 20, 2020
CopaMike:

what does that mean?
It simply means maxwell is always two steps ahead of them.

Most Nigerians are educated illiterates.

If you carefully go through the mba agreement mou then you'd know maxwell knew what he was doing,even if ena go court only few people would get compensated and maxwell and his gangs would still be smiling to the bank.

Mugus

2 Likes 1 Share

Re: MBA Forex (please I Need Better Explanation) by onez: 9:38pm On Dec 20, 2020
Ponzi is evil. It ruins life like no other. To all who in one way or the other promoted this MBA ponzi, it's time to to make reparation and restitution. I urge the leadership of Christ Embassy to also make reparation. All donations/ seed/tithe of Maxwell Odum should be returned to the victims. God is not interested in that evil money. One particular woman's story, one Ngozi really touched me. The church can reach her and pay her from Maxwell's evil money.

2 Likes

Re: MBA Forex (please I Need Better Explanation) by stagger: 10:48pm On Dec 20, 2020
onez:
Ponzi is evil. It ruins life like no other. To all who in one way or the other promoted this MBA ponzi, it's time to to make reparation and restitution. I urge the leadership of Christ Embassy to also make reparation. All donations/ seed/tithe of Maxwell Odum should be returned to the victims. God is not interested in that evil money. One particular woman's story, one Ngozi really touched me. The church can reach her and pay her from Maxwell's evil money.

I am sorry to tell you this: Proverbs 21 verse 20 sums it up.

There have been several Ponzi schemes that have taken people's money to the cleaners. People were warned. The SEC warned. Several people warned.
They were laughed at, mocked, scorned, just the way Noah was mocked and derided in his day...until the flood came.

The flood is now here. Everyone who took money and decided to reap the kinds of returns that hedge funds who are master traders can never make in trading, should reap what they have sown.

The only business capable of making such returns is agriculture and it is not an instant return that gives you back in one month. I bet you, several other Ponzis would come up and people will still repeat the same thing. The money doubling mentality is the bane of our society.

2 Likes

Re: MBA Forex (please I Need Better Explanation) by Advision: 3:49am On Dec 21, 2020
They said we should mind our business, the money does not belong to us, why do we bother to show any concern?

But there's intense wailing on twitter, people are stranded by this scam, depression and desperation has started setting in. Some are too ashamed to even admit they fell for the scam online, billions have been lost to a venture that had no discernable substance.

And yet, some people here on nairaland because they hoped to keep raking in ROI said we should allow the scam keep operating, its not our business. One even boost he is a youngbuffet grin, , the evil heart of a man cannot give you wealth, it can only give you temporary riches. The cries of the victims will definitely haunt you all in future

50nizzy, redscorpion, airsaylongcome, drakpa, tope777, this message is direct at you guys.

Some of the idiots even went as far as harvesting information from my profile to insult my late father and my mother because I warned about MBA forex. I'm no coward, my diary remains unaltered, go and dig further kiss.

4 Likes

Re: MBA Forex (please I Need Better Explanation) by Advision: 4:01am On Dec 21, 2020
For those arguing that MBA has an MOU that restricts the attaining any remedy in court. I tell you again, he who comes to equity must come with clean hands..

I'm no lawyer but what that means is, you cant on the basis of an illegality enforce an agreement. Same way I cannot sign an agreemnt on how to share yahoo proceeds and claim the court will side with you if the case gets to court.

All what the victim needs to prove is that although Maxwell collected money to invest in forex, he largely ran a ponzi. That is the basis upon which the court will set aside that MOU and allow recovery to take place.

By next year, you may not find Maxwell Odum anywhere and it becomes lost monies. Also, here on nairaland, there are paid agents that worked to sell this scam here. I have seen this same pattern where several monikers come together to attempt to give credibility to a scam.

Get a court injuction to have nairaland submit their details (even the ones that think deactivating hides their past deed, nairaland can always retrieve it on cloudfare). Some of them foolishly peddle this scam, but some are also paid agents that Maxwell Odum hired to perpetuate this scam.

I am not a victim, so its is out of my place to start any action. But I'll advice the victims to come together and start a class action as soon as possible, Nigeria is not this lawless

8 Likes

Re: MBA Forex (please I Need Better Explanation) by Advision: 4:10am On Dec 21, 2020
Lastly, its up to the mods to help sanitize the investment section. Check this section and probably 9 out 10 "investments" here are scam. Why will nairaland run an investment section if it will not take agressive steps to sanitize.

Dear Seun, lalasticlala, please move this thread to fp and help victims get notified so they can recover their money and hold people accountable for this fraud.

This thread can be used as an example to let others know that nairaland does not condone scam. Once it is dealt with here, others will pack up and go run their scam on some other blogs

9 Likes

Re: MBA Forex (please I Need Better Explanation) by RosyIsBlessed: 5:14am On Dec 21, 2020
Lol see them. I've never missed one month of my ROI since I invested and y'all are blabbing dust. Stay on queue and be wasting your lives on people's investment, probably you will be rich by that.

2 Likes

Re: MBA Forex (please I Need Better Explanation) by Macelliot(m): 5:46am On Dec 21, 2020
RosyIsBlessed:
Lol see them. I've never missed one month of my ROI since I invested and y'all are blabbing dust. Stay on queue and be wasting your lives on people's investment, probably you will be rich by that.
It's not funny that some people are missing their monthly ROI.

I hope I too won't any of my monthly ROI. I am still getting paid.

2 Likes

Re: MBA Forex (please I Need Better Explanation) by sonofElElyon: 6:03am On Dec 21, 2020
Not when you alleged a crime

solreb:

The MOU expects you to go through an arbitration process. You must exhaust this option before the court will hear you.
Re: MBA Forex (please I Need Better Explanation) by VillagePipu: 6:10am On Dec 21, 2020
Anyone who lost money to mba forex is a big fool. Big, dumb, mumu. After everyone warned you. Even Oyakhilome warned but he was insulted by the dumb paupers. Fools ought to suffer for their foolishness and I don't pity una. Lose your money, serves you right. Commit suicide if you like, no one will miss you.

3 Likes

Re: MBA Forex (please I Need Better Explanation) by leaderlegend(m): 7:46am On Dec 21, 2020
okay guys ..
I have good news on how you can at least get some of your money back from MBA . But it has to be a 50/50 agreement between you and them .. Interested? Quote this reply
And I’ll tell you all
Re: MBA Forex (please I Need Better Explanation) by RosyIsBlessed: 10:31am On Dec 21, 2020
Macelliot:

It's not funny that some people are missing their monthly ROI.

I hope I too won't any of my monthly ROI. I am still getting paid.

I invested online straight. The online investment is seamless. As far as the online investors are getting steady ROI I'm sure the offline investors they are migrating to online will soon get everything completely resolved.

1 Like

Re: MBA Forex (please I Need Better Explanation) by Risingcash94: 10:35am On Dec 21, 2020
How pls?





leaderlegend:
okay guys ..
I have good news on how you can at least get some of your money back from MBA . But it has to be a 50/50 agreement between you and them .. Interested? Quote this reply
And I’ll tell you all
Re: MBA Forex (please I Need Better Explanation) by Resurgent2016: 10:38am On Dec 21, 2020
RosyIsBlessed:


I invested online straight. The online investment is seamless. As far as the online investors are getting steady ROI I'm sure the offline investors they are migrating to online will soon get everything completely resolved.

Na so, several online investors are also been owed. Except you are Maxwell's brother or staff.

More so, how many months does it take to pay people offline, afterall MBA forex has their record.

MBA should just come out clean and tell people where their money has gone to

3 Likes

Re: MBA Forex (please I Need Better Explanation) by Macelliot(m): 10:40am On Dec 21, 2020
RosyIsBlessed:


I invested online straight. The online investment is seamless. As far as the online investors are getting steady ROI I'm sure the offline investors they are migrating to online will soon get everything completely resolved.
The online investment was the best decision I made.
I contemplating investing at their Asaba office, but suddenly changed my mind and invested online instead.

1 Like

Re: MBA Forex (please I Need Better Explanation) by DrAkpa(m): 11:05am On Dec 21, 2020
RosyIsBlessed:


I invested online straight. The online investment is seamless. As far as the online investors are getting steady ROI I'm sure the offline investors they are migrating to online will soon get everything completely resolved.

Please ignore the fool that quoted u to talk nonsense. Enjoy your roi, cheers

1 Like

Re: MBA Forex (please I Need Better Explanation) by RosyIsBlessed: 11:06am On Dec 21, 2020
Resurgent2016:


Na so, several online investors are also been owed. Except you are Maxwell's brother or staff.

Can you prove this? Asides the offline investors they are migrating online currently, can you prove any previous online investor not receiving his/her ROI?

By the way, I'm in no way related to Maxwell, neither do I know him anywhere, except that I follow him on Instagram. He doesn't know me and I've never visited MBA office one day. So your assertion is completely false.

I don't know how you guys just stay behind your keypads to imagine shits because of idleness and start typing your baseless and false imagination on nairaland.

I'm still waiting for the prove of online investors who are not receiving their ROI steady, asides the offline investors they are currently migrating online.

3 Likes

Re: MBA Forex (please I Need Better Explanation) by DAVEZONIGLTD: 11:12am On Dec 21, 2020
RosyIsBlessed:


Can you prove this? Asides the offline investors they are migrating online currently, can you prove any previous online investor not receiving his/her ROI?

By the way, I'm in no way related to Maxwell, neither do I know him anywhere, asides that I follow him on Instagram. He doesn't know me and I've never visited MBA office one day. So your assertion is completely false.

I don't know how you guys just stay behind your keypads to imagine shits because of idleness and start typing your baseless and false imagination on nairaland.

I'm still waiting for the prove of online investors that are not receiving their ROI steady, asides the offline investors they are currently migrating online.

This is due since 6th December, online investor.
Email has been sent on daily basis to online@mbatrades.com, they only acknowledge the email and nothing more.

I believe you can be of help.

Re: MBA Forex (please I Need Better Explanation) by RosyIsBlessed: 11:16am On Dec 21, 2020
DAVEZONIGLTD:


This is due since 6th December, online investor.
Email has been sent on daily basis to online@mbatrades.com, they only acknowledge the email and nothing more.

I believe you can be of help.

Nothing in this screenshot is showing pending withdrawal not attended to, so what are you saying?

4 Likes

Re: MBA Forex (please I Need Better Explanation) by DrAkpa(m): 11:20am On Dec 21, 2020
DAVEZONIGLTD:


This is due since 6th December, online investor.
Email has been sent on daily basis to online@mbatrades.com, they only acknowledge the email and nothing more.

I believe you can be of help.

Oga, nothing is due on the screenshot u posted, except 750naira....
Or is 750naira the Roi?? Mba Online team are not responding because there is nothing to respond to in your requests.

1 Like

Re: MBA Forex (please I Need Better Explanation) by DAVEZONIGLTD: 11:24am On Dec 21, 2020
DrAkpa:


Oga, nothing is due on the screenshot u posted, except 750naira....
Or is 750naira the Roi??

That is the 750 left behind after withdrawal of November ROI, now December ROI need to drop and add to the 750 before initiating withdraw.
What suppose to be showing now is 55,500( 54750+750)

1 Like 1 Share

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