The controversy and hype being generated by the popular ponzi MMM scheme is Nigeria has been a subject of national decision for quite some time.
Despite the dark history of this scheme, MMM Nigeria is popular right now irrespective of the company's shady background in Russia where it was first established.

According to Wikipedia, MMM Nigeria, is a Ponzi scheme that originated in Russia that has now set up in Nigeria. Wikipedia says the company was involved in one of the biggest Ponzi schemes in the 1990's. It was estimated that thousands of people lost up to $10 billion dollars. MMM was founded by Sergei Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova in 1989. After a rapid growth, but it all came crashing in 1994 when the police shut down MMM for tax evasion.

At this point, the company owed its investors $50m-$1.5bn. According to reports over 50 of the MMM investors committed suicide. 15 years later, MMM established an office in South Africa. Using the same business model the company claimed investors would get a 30% per month dividend via a "social financial network." In January 2016, MMM landed in Nigeria.

What's a Ponzi scheme and why should Nigerians stay away from MMM?

" A Ponzi scheme, according to Wikipedia, is "a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."

MMM Global Zimbabwe has already crashed despite Zimbabwe’s National Reserve bank telling its citizen not to sign up to the Ponzi scheme. A few weeks ago MMM in Zimbabwe had stopped withdrawals. In South Africa, MMM crashed in May 2016.

The company claimed that it was a media panic and said it was 'starting over' In January 2016, the Chinese government banned MMM because it is a Ponzi scheme. A business with such a shaky structure has seemingly attracted many Nigerians with individuals putting up to a million naira into the system despite repeated warnings not to invest in it from the CBN(Central Bank Of Nigeria) Nigeria's financial governing body.

However, there are people who can vouch with their lives and swear upon the authenticity and legitimacy of MMM, claiming it's for real and it has come to stay, judging from the shady past of MMM, To be fore-warned is to be fore-armed, a stitch in time saves NINE. Beware!!!!

Read more@SOURCE:http://www.gossipmirrors.com/2016/10/the-truth-about-mmm-money-making-scheme.html

text NONSENSE to 2016 for more RUBBISH

Front page booked

Pierocash:
text NONSENSE to 2016 for more RUBBISH

na pple like u go cry full BUCKET when d day of Reckoning arrives.

macho44:
na pple like u go cry full BUCKET when d day of Reckoning arrives.

No amount i wil lose in MMM that wil be compared to what i av made
and for ur info,MMM has never crashed in any of over 118 countries is operating and wil never crash
If u dnt like it,take a map,get a cab,and drive straight to hell.
Have a nice trip

macho44:
na pple like u go cry full BUCKET when d day of Reckoning arrives.

Pierocash:

No amount i wil lose in MMM that wil be compared to what i av made
and for ur info,MMM has never crashed in any of over 118 countries is operating and wil never crash
If u dnt like it,take a map,get a cab,and drive straight to hell.
Have a nice trip

U want me to join u in Hell fire!!!! tufiakwa, I reject u.

macho44:
U want me to join u in Hell fire!!!! tufiakwa, I reject u.

which hell fire is worse than the present polity in nigeria

Were can I have a customized wrist watch to buy

Orosotare:
Were can I have a customized wrist watch to buy

Google search am na

I just want to state... hope we are not going to allow the foolish Christmas festivities notion inhibit us from P.Hing on a regular basis in December? This is a concept being widely spread by the cowards, the ignorant and the panic spreaders who want to see MMM Nigeria fall and one that marvodians should actively campaign against. Don't just decide, spread d word! We decide the fate of our lovely life changing community