Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,401 members, 7,954,584 topics. Date: Friday, 20 September 2024 at 11:43 PM |
Nairaland Forum / Nairaland / General / Investment / Beware!!! Mmm Is A Scam. (14648 Views)
WOW...MMM Is Paying Part 2016 Mavro...serious Matching Today...pix / 10 Reasons Why MMM Is Dying And Will Soon Be Dead / Nigerians Ignore SEC's Warning On MMM, Say "MMM Is Not A Scam" (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: Beware!!! Mmm Is A Scam. by eniola82: 7:13am On Aug 17, 2016 |
Nothing actually lasts forever, even the air you breathe is also temporal, The Warnings are there from MMM from the Offset, you choose to partake at your OWN RISK, use thy spare money, do not be GREEDY, Apply Wisdom, am at a stage in MMM where even if it collapses i wont feel a budge because i have used dividends from it to build the structure of another cash inflow. My advice is simple, cash in on it, use whatever proceeds to add value to thy life. Create another pipeline for thy source of income. shikena 2 Likes 1 Share |
Re: Beware!!! Mmm Is A Scam. by Nobody: 5:40am On Aug 21, 2016 |
wizkitvick:https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s.[1][2] By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders. Contents [hide] 1 History 2 See also 3 References 4 External links History[edit] 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] |
Re: Beware!!! Mmm Is A Scam. by peteremu(m): 2:51pm On Aug 23, 2016 |
I just need to ask this question? How many people have they scammed? They are having close to 400k members. How do they scam people? When the money is in over 400,000 people's pocket or bank account. Are you a member? They tell you, don't borrow to join. Check the site to see, because some greedy individuals will go and borrow money to put in... Don't do that. Everyone will get help, if you surely provide help. If I analyze it, it is like this: Not all the 400,000 people will want to withdraw their money the same day. Some are coming in, some are cashing out. Please don't preach what you don't know or have not yet experience. Please investigate (not wikipedia kind of research). If you are a student of market like I am, I am very sure, you will know nothing lasts forever... But there is every guarantee, this one will last for a long time... If you can answer positively with proof to my question, then comment abeg or shut up forever... You don't want to eat, yet you are preaching vigorously about it... Why What's your gain? |
Re: Beware!!! Mmm Is A Scam. by jmax22(m): 7:02pm On Aug 23, 2016 |
MMM is here to bridge the gap between the rich and the poor..MMM is here to ensure the circulation of money around everyone,than to allow some few individuals hoard all the money in higher chambers..If youre still doubting MMM, wen thousands of people are smiling to bank in this harsh times of economic recession,youre seriously on a long thing...Many ppl today who couldnt boast of anything before,are now Millionaires..I know someone who joined mmm,March this year with just N10000,now hes talking in millions...Pls who could have given him such money in this recent times..Im not begging anyone to join this community o,cos success race is an individual race. MMM is not for everyone but only for the bold and courageous.cheers to all the doubting thomases...MMM pays 1 Like |
Re: Beware!!! Mmm Is A Scam. by eay(m): 11:28am On Aug 24, 2016 |
Hahahha It's normal to be skeptical about MMM, I was once in your shoes but forget it...if you have a very smart guider that will tell you everything about it...Itz a money making machine I can add you to our whatsapp grp of smart MMM investors if you are really interested ...drop ur whatsapp number. |
Re: Beware!!! Mmm Is A Scam. by cybercares(m): 7:59pm On Aug 26, 2016 |
What MMM is a scam Do you have Chinese chinchin in your brain. Do your research well before you saying spirit, well I've been making cool cash. mind you I'm a IT professionals and making extra cash aside my pro is no a crime. MMM MEMBERS GROUP In order to come together and discuss a way forward for MMM members, I have personally created a unique what'sapp group for all proud MMM MEMBERS and as I type this message we are 102 proud Members on the platform. If you are interested in joining us for Free please feel free to quote me with your what'sapp number. THANKS |
Re: Beware!!! Mmm Is A Scam. by olaboy1: 5:52am On Aug 27, 2016 |
Nice 1 Like |
Re: Beware!!! Mmm Is A Scam. by Moses247(m): 7:41am On Aug 29, 2016 |
cybercares:Add 08067213785 |
Re: Beware!!! Mmm Is A Scam. by oddysey(m): 9:38am On Sep 06, 2016 |
Re: Beware!!! Mmm Is A Scam. by millhouse: 10:59pm On Sep 07, 2016 |
My brothers... I have been skeptical about this mmm biz... Always hearing but shelving it off... But this evening my buddy took me on a long gig booze and he told me it's his returns from his mmm investment... At this point I ve made up my mind to join d train.. Imagine if I had started earlier. |
Re: Beware!!! Mmm Is A Scam. by millhouse: 10:59pm On Sep 07, 2016 |
My brothers... I have been skeptical about this mmm biz... Always hearing but shelving it off... But this evening my buddy took me on a long booze and he told me it's his returns from his mmm investment... At this point I ve made up my mind to join d train.. Imagine if I had started earlier. |
Re: Beware!!! Mmm Is A Scam. by Nobody: 11:05pm On Sep 07, 2016 |
olaboy1:MMM is not an investment, it is an opportunity to render assistance to someone. Please read and understand the ideology. thanks |
Re: Beware!!! Mmm Is A Scam. by natakin(f): 12:14am On Sep 08, 2016 |
olaboy1: You fail to understand what you are venturing into thats why you get scammed easily....MMM is so different...the model first of its kind in the modern world so comparing with some BS platforms...i smh for you |
Re: Beware!!! Mmm Is A Scam. by Moses247(m): 5:41am On Sep 08, 2016 |
cybercares:08067213795. |
Re: Beware!!! Mmm Is A Scam. by francx(m): 3:01pm On Sep 08, 2016 |
Mmm is not a business so it won't hav any business model second and fg are just spewing out unverified news they got of Wikipedia . The world wants to suppress mmm meanwhile they are operating a ponzi scheme and giving the money to a select few. Since wen did govt care weda we loose our money or if we are being scammed so y start all of a sudden. Pls leave us to be scammed in peace. And for those that havnt joined join now to change your life's mmmpays and will never stop paying so far as we keep paying each other because we are mmm together we change the world. http:///?i=dfranchise whatsap 08065007761 contact me in person for more details
|
Re: Beware!!! Mmm Is A Scam. by Nobody: 10:19pm On Sep 08, 2016 |
eniola82: SOS. Pls which other pipeline did you create, I'm desperate. |
Re: Beware!!! Mmm Is A Scam. by MasterCare4u(m): 1:16am On Sep 09, 2016 |
Baseless! |
Re: Beware!!! Mmm Is A Scam. by Nobody: 5:39pm On Sep 13, 2016 |
antonreal:...you dont need anyone to choose you, you don't know how it works, the person you are requesting mail from doesn't know how mmm works ...why not let mmm go, is not by force...Notin last forever, joint is by choice...in case you don't know, people still get paid........I will leave you with this question " is Nigeria as a whole not a scam " ? |
Re: Beware!!! Mmm Is A Scam. by montono: 8:17am On Sep 29, 2016 |
Dont |
Re: Beware!!! Mmm Is A Scam. by Nobody: 11:39am On Sep 29, 2016 |
L |
Re: Beware!!! Mmm Is A Scam. by Nobody: 1:03pm On Sep 29, 2016 |
Naturally a rich and comfortable would not care a Bleep what somebody else does with his or her money because he is busy making deals and cashing out. It is only those who have been frustrated due to the economic quagmire that will carry other people's headache on their heads. Looking for what to say and not to say. if you want to know them check their comments whenever it is announced that Emoney bought a new car you would see them spewing hatred. But ask them to take the risks Emoney took, you would see them running away like church rats. They would continue to be poor in spirit, mind, body and pockets till Jesus comes again |
Re: Beware!!! Mmm Is A Scam. by gafar: 8:43pm On Sep 29, 2016 |
Hello Am here to give free whatsapp tutorial/ daily mentorship on how to participate on MMM safely. I emphased on safely because I know sizeable number of people skeptical about the program are because of their fair. Yes, that is normal but I am assuring you that I will let you see that the fair is illusion. Afterall the risk is just for 1day to 3 week (depending on how lucky you are for the first match), if you keep with my rules and procedures. You can even test with any amount between #1000- 3.5milllion. To me MMM risk is even lower than some business, so far you are not greedy. First time is sufficient to gain your ground and continue participating with your earning. Earning after first PH is (1.30 X the amount) + $20 or $50 Benefit you will gain from the tutorial 1. Free guide on registration. I Can even register for you and you change password at your end (if wishes) 2. Guide on safe trading on it 3. Notification of your status (eg when your order is out), so far you are my downline 4. Guide on providing solution to issues (if any) Question and Answer section ***Please only those that are yet to register and are ready to register are welcome Just send me message with the statement “MMM + your name” Whatsapp/Telegram: “Zero” 8 “Zero” 34556519 |
Re: Beware!!! Mmm Is A Scam. by 2dconvention(m): 12:47am On Sep 30, 2016 |
360ng: MMM is a way out for anybody but to be precise the faithful believers of MMM only who understand the IDEOLOGY. Someone said how can profit be made if everybody puts in 10,000 naira? Profit can be made if everyone PH on diferent days and RE-PH base on the rules after GH. Secondly, Well let me tell you about MMM 1)MMM is like a bank and only PANIC can kill a bank and country economy (take what happen in Spain and Greece for example when her people found out that their nation was in so much depth every citizen tried to withdraw their money and this was destroying the nation economy untill an embargo was raise and no one was able to withdraw more than 60euro per day and as time passed on, the recession was resolved and everyone went back to the bank to make savings again. FEAR is man greatest enemy) and possibly MMM if not handle with care. I wish moderator improvises a solution for panic in MMM community. 2) Seigei Marvrodi is not a fraudster i don't know what people read when they copy paste wikipidia. the government was the crook that killed MMM. why will they ask such a program for task knowing fully well that they don't generate profit else where or sell product/service. This is Satan in Government and wickedness for a program that was restoring the people of Russia back to their feet again in time of recession cost by government. Seigei Marvrodi did not run with peoples money and never did and never will. 3) MMM has no CENTRAL ACCOUNT its a community of members paying to members as at when due, Hence no one man is running with everybody's money as a result nothing like CRASHING so STOP THE PANIC and RELAX ur nerves. 4) MMM is not a ponzi schem. you may wonder why i say so. A ponzi scheme pay members with money made from new members. But MMM has away of getting old members re involving in MMM. MMM has a rule which says that existing members will be block if their account is left idle for 2months, by so saying most members are providing help back into the system after getting help and so the Cycle keeps going on. 5) EACH MMM community in a nation is independent of other NATIONS COMMUNITY. EXAMPLE NIGERIA-MMM IS INDEPENDENT OF USA COMMUNITY N RSA COMMUNITY, EA-MMM COMMUNITY =, BRAZIL COMMUNITY, PANKISTAN COMMUNITY, PHILLIPINES COMMUNTY, CANADA COMMUNITY, INDIA COMMUNITY JUST TO MENTION BUT A FEW. Only panic can kill the system i advice everyone who is responding to false rumour about mmm crash to hold there cool Don't PH out of Panic as this will kill the system PH as at when due don't leave your money for more than 30days mmm is not a bank for fix deposit. Finally Stop the creation of multiple account because of greed. I welcome new members into the system LONG LIVE MMM contact me for more info and how to get starting nothing to be scared of my fellow nigerians instead of people promoting a God sent program they keep condemning. http:///?i=kmarcurley@gmail.com |
Invest With Freedom Synergy Pro Ibadan / Abuja Overtakes Lagos In Foreign Capital Inflows / Cashing Out On An Insurance
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 108 |