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Big Reasons Why You Should Stay Away From Nnn Nigeria - Business - Nairaland

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Big Reasons Why You Should Stay Away From Nnn Nigeria by justicejay(m): 6:59pm On Nov 29, 2016
NNN Scam?
It is obvious that many
Nigerians are getting aware of this current
Pyramid scheme trending in Nigeria
called NNN Nigeria (http://www.) which
promises 35% Return on Investment(ROI)
after 21 days.

Big Reasons Why You Should Stay Away From
NNN Nigeria.
I called the business a Pyramid/Ponzi scheme, Yes
I did, Why would drizzymadbet call it a Pyramid/
Ponzi Scheme ? First let’s examine what a Ponzi/
Pyramid scheme is one should be wary of NNN
Nigeria.
A Ponzi scheme (also a Ponzi game or a Ponzi) is a
fraudulent investment operation where the
operator, an individual or organization, pays
returns to its investors from new capital paid to
the operators by new investors, rather than from
profit earned through legitimate sources.
Operators of Ponzi schemes usually entice new
investors by offering higher returns than other
investments, in the form of short-term returns
that are either abnormally high or unusually
consistent.
Initially the promoter will pay out high returns to
attract more investors, and to lure current
investors into putting in additional money. Other
investors begin to participate, leading to a
cascade effect. The “return” to the initial investors
is paid out of the investments of new entrants,
and not out of profits. Often the high returns
encourage investors to leave their money in the
scheme, with the result that the promoter does
not have to pay out very much to investors; he
simply has to send them statements showing how
much they have earned. This maintains the
deception that the scheme is an investment with
high returns.
Unraveling of a Ponzi scheme
I know the Big Question is, Is NNN Scam?
When a Ponzi scheme is not stopped by the
authorities, it sooner or later falls apart for one of
the following reasons.
1. The promoter vanishes, taking all the remaining
investment money.
2. Since the scheme requires a continual stream
of investments to fund higher returns, once
investment slows down, the scheme collapses as
the promoter starts having problems paying the
promised returns (the higher the returns, the
greater the risk of the Ponzi scheme collapsing).
Such liquidity crises often trigger panics, as more
people start asking for their money, similar to a
bank run.
3. External market forces, such as a sharp decline
in the economy (for example, the Madoff
investment scandal during the market downturn
of 2008), cause many investors to withdraw part
or all of their funds.
Why do I drizzymadbet believe that NNN Nigeria
is a pyramid/Ponzi scheme lets look at the
following reasons.
1. The promise of a 30 % ROI is outrageous and
not in terms with standard rates of investment
(Example one makes a profit of 30,000 naira for
every 100,000 naira invested in the system in 30
days , excluding additions that comes from
referral, signing up and testimonial bonuses) No
legal financial company can offer you that
investment plan.
2. Such “Return on Investments” been paid to
older clients are money received from new clients
and the circle continues, the 30% is never made
from company profits. That is why there is
aggressive ad campaign from the company ( NNN
Nigeria) paying massive additional bonuses to
recruiters that they call guiders to conduct
seminars and deceive gullible Nigerians into
joining the scheme to keep the system alive.
3. The CEO of the company (NNN Nigeria) Seigei
Marvrodi is a convicted fraudster and had run
similar fraud schemes in Russia where he
defrauded investors over a hundred billion
dollars ( https://en.m.wikipedia.org/wiki/NNN_
(Ponzi_Scheme_Company)
If you still in doubt if NNN is Scam
Stay tuned…
Re: Big Reasons Why You Should Stay Away From Nnn Nigeria by Heavance(m): 8:03pm On Nov 29, 2016
I am trying to understand, but I still can't. NNN, 35%... please did the op type this in a rush?

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