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If You Ain't Asleep Now..you Must Be Upto Something... - Romance (3) - Nairaland

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Re: If You Ain't Asleep Now..you Must Be Upto Something... by dauntless15(m): 3:16am On Jul 05, 2016
Mafking:


Haa I have finished that dream league since.. I don't really like that shadow fight buh my bro can fight any shadow he comes by
dream league soccer 2016 am playing it without cheats football games dont really end so you can't really finish it, and shadow fight has upto 8 extensions I've downloaded all and still in the fourth extension
Re: If You Ain't Asleep Now..you Must Be Upto Something... by dauntless15(m): 3:17am On Jul 05, 2016
Mafking:


Who knows... The girl is doing her thing on a low key... she is not like most dem celebrities
you said i got her pregnant check the bolded, i wished sha cheesy imagine myself on top dija, awesome
Re: If You Ain't Asleep Now..you Must Be Upto Something... by dauntless15(m): 3:19am On Jul 05, 2016
kamel4real2015:
sometimes is not good to sleep early like me is 7.14pm now and i slept in the afternoon which mean atleast i cant sleep in the next 7hours or so.
well its something that started recently i used to sleep like a sloth i can sleep all day and still sleep at night i dont know what changed
Re: If You Ain't Asleep Now..you Must Be Upto Something... by Kobicove(m): 3:20am On Jul 05, 2016
It's not yet time for bed cool
Re: If You Ain't Asleep Now..you Must Be Upto Something... by Mafking(m): 3:20am On Jul 05, 2016
dauntless15:
dream league soccer 2016 am playing it without cheats football games dont really end so you can't really finish it, and shadow fight has upto 8 extensions I've downloaded all and still in the fourth extension


No be this one??

Re: If You Ain't Asleep Now..you Must Be Upto Something... by Nobody: 3:20am On Jul 05, 2016
dauntless15:
well its something that started recently i used to sleep like a sloth i can sleep all day and still sleep at night i dont know what changed
better see your doctor then and seek advice.
Re: If You Ain't Asleep Now..you Must Be Upto Something... by Mafking(m): 3:24am On Jul 05, 2016
MasterRahl:
Also rocking the MTN N25 for 500mb plan. Why I'm awake though is because I'm reading your silly thread grin

Hmmm master rahl where is mother confessor

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Re: If You Ain't Asleep Now..you Must Be Upto Something... by dauntless15(m): 3:28am On Jul 05, 2016
Mafking:


No be this one??
ya but thats the former theres a new one for 2016 now
Re: If You Ain't Asleep Now..you Must Be Upto Something... by dauntless15(m): 3:28am On Jul 05, 2016
kamel4real2015:
better see your doctor then and seek advice.
he will just blab
Re: If You Ain't Asleep Now..you Must Be Upto Something... by Mafking(m): 3:30am On Jul 05, 2016
dauntless15:
ya but thats the former theres a new one for 2016 now

Toor buh shey you Sabi pspp whey dey reign now... That one na just pes 2016 photocopy... It's kinda hard... Buh I dey use real Madrid finish their lives
Re: If You Ain't Asleep Now..you Must Be Upto Something... by produce(m): 3:31am On Jul 05, 2016
stigmond:
Lolss... I dey go meeting ... We get our zonal discussion today. 2am
we have been waiting where are you?


no vehicles allowed but our usual means



expecting you soon

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Re: If You Ain't Asleep Now..you Must Be Upto Something... by Nobody: 3:35am On Jul 05, 2016
Mafking:


Haha broz he never reach to dey curse na.. .

Okay hateu2 and sinaj go dey pursue like masquerade wink
wink smiley
Re: If You Ain't Asleep Now..you Must Be Upto Something... by dauntless15(m): 7:11am On Jul 05, 2016
Mafking:


Toor buh shey you Sabi pspp whey dey reign now... That one na just pes 2016 photocopy... It's kinda hard... Buh I dey use real Madrid finish their lives
mobile pes is wack soso i dont play it but i promise you bro that game is not real pes its a copy of thier previous pes like a remodified stuff
Re: If You Ain't Asleep Now..you Must Be Upto Something... by Nobody: 1:55am On Jul 06, 2016
Mafking:


Hmmm master rahl where is mother confessor
She's being trained by my mordsiths.

Re: If You Ain't Asleep Now..you Must Be Upto Something... by tobaoye: 3:45pm On Jul 28, 2016
MMM was established in 1989 by Sergei Mavrodi,[2] his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames.

Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion, leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful.[citation needed]

MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi's initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export.[citation needed]

MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment.[citation needed]

An important factor in the scheme's success was word of mouth, but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov. Another notable marketing effort was a giveaway of free Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others).[citation needed]

At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.).[citation needed]

Regular publication in the media of the rising MMM share price led President Boris Yeltsin to issue a decree in June 1994 prohibiting financial institutions from publicising their expected income.[citation needed]

The success of MMM in attracting investors led to the creation of other similar companies, including Tibet, Chara, Khoper-Invest, Selenga, Telemarket, and Germes. All of these companies were characterised by aggressive television advertising and extremely high promised rates of return. One company promised annual returns of 30,000%.[citation needed]

On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide.[citation needed]

Several organisations of "deceived investors" made efforts to recover their lost investments, but Sergei Mavrodi manipulated their indignation and directed it at the government. In August 1994 Mavrodi was arrested for tax evasion. However, he was soon elected to the Russian State Duma, with the support of the "deceived investors". He argued that the government, not MMM, was responsible for people losing their money, and promised to initiate a pay-back program. The amount ultimately paid back was minuscule compared to the amount owed.[citation needed]

In October 1995, the Duma cancelled Mavrodi's right to immunity as a deputy. In 1996, he tried to run for Russia's presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997.[citation needed]

While it was believed that Sergei Mavrodi left Russia and moved to the United States, it is possible that he stayed in Moscow, using his money to change apartments regularly and employ a group of former special agents. With the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies' stocks in a form of the "stock exchange game" on the company's site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission, losses of victims were at least USD 5.5 million.[citation needed]

Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long).[citation needed] At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007.[citation needed] He later went on to creating yet another pyramid scheme called MMM-2011.

The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies.

In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network".[3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank.[4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg.[5]

In 2016, MMM launched a website targeting the Nigerian audience.[6]

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