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Nairaland Forum / Nairaland / General / Investment / Why I Think MMM Is Not A "Helping" Scheme (57215 Views)
Apparently MMM is back, Apparently MMM is about to Crash. / 8 Reasons Why MMM Is A Perfect Scam / Why I Think MMM Is Gone For Good (2) (3) (4)
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Re: Why I Think MMM Is Not A "Helping" Scheme by Nobody: 8:12pm On Dec 13, 2016 |
To All Nigerians: IMPORTANT NOTICE FROM MMM Nigeria. A Must Read MESSAGE following a message on the MMM website this morning, 13/12/2016, many have misinterpreted it to mean MMM has been suspended for a month, but the part which made people think that is quoted as follows: "Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month."- MMM Admin. Please this statement does not in any way mean that MMM activities have been suspended for a month, it only means that the usual two weeks RELEASE DATE will no longer hold, ur mavro must complete a month. all get help are still going to be paid, if u provide help 2day, ur release date will be one month from now. keep providing n getting help. Please rebroadcast this message till it becomes clear to everybody. It's rather unfortunate that even some MMM guiders got this message wrong. Thanks. |
Re: Why I Think MMM Is Not A "Helping" Scheme by Ameekas(f): 8:12pm On Dec 13, 2016 |
knightsTempler:This really got me crackin...lol. |
Re: Why I Think MMM Is Not A "Helping" Scheme by jist2day: 8:12pm On Dec 13, 2016 |
?? 1 Like |
Re: Why I Think MMM Is Not A "Helping" Scheme by DedeNkem: 8:18pm On Dec 13, 2016 |
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion! In November 2015, MMM launched a website targeting the Nigerian audience, also claiming a "30% per month" return including other acquirable bonuses.The entity was self-described as a "mutual aid fund where ordinary people help each other."2.4 million people had signed up by late 2016, with the country's unemployed as primary targets. Nigeria's Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. On the 13th of December, it announced the freezing of all members' accounts due to systems overload and the negative attention brought on by the Government and mass media. Source: wikipedia Nigerians are dumb as f*uck! 3 Likes |
Re: Why I Think MMM Is Not A "Helping" Scheme by VajanahDischaj(f): 8:26pm On Dec 13, 2016 |
BrutalJab:I just tire for the mumu mods. in this Nigeria, one person starts making cash ( good way /bad way) and rats will start backbiting. is it jealousy or it just runs in their blood to hate success? na the same kind of people dey lecture for universities and enjoy failing ppl, the same kind of ppl that become our leaders and will happily see the people cry in agony 1 Like |
Re: Why I Think MMM Is Not A "Helping" Scheme by whao: 8:42pm On Dec 13, 2016 |
MMM THE ANTICHRIST'S DECEPTION God's revelation to Emma-Nnanna Chima. PLS NOTE: ITS NOT ME. I saw it on his wall and decided to share. Read in his words. "MMM is an agenda of the Antichrist. I am not a mathematician but each time God reveals any thing to me with mathematical illustrations I handle it seriously. God wants a good life for you but be careful how you go about it. This morning I was in a trance when the Lord took me and showed me this. "What is the full meaning of MMM?", the Lord asked me. "I don't know Lord", I replied. "It's not the acronym of any word but a representation of the number of the beast and it's name". This is what the Lord showed me. Let's number the Ms 1-3 according to their appearance M1, M2, M3. The alphabet M is 13 on the English alphabets. The value of M is 13. M1*1=13 (13*1=13) M2*2=26 (13*2=26) M3*3=39 (13*3=39) Add the value of the Ms 13+26+39=78 Divide 78 by the value of one M 78/13=6 Repeat the equation two more times the outcome becomes 666. Does it surprise you? Run the same equation with the alphabets of Igbo language using the same formula. Let's number the Ms 1-3 according to their appearance M1, M2, M3 (like we did in the English alphabets). The alphabet M is 19 on the Igbo language alphabets. The value of M is 19. M1*1=19 (19*1=19) M2*2=38 (19*2=38) M3*3=57 (19*3=57) Add the value of the Ms 19+38+57=114 Divide 114 by the value of one M 114/19=6 Repeat the equation two more times the outcome becomes 666 again. Does it surprise you further? Run the same equation with the alphabets of any language you'd get the same answer 666. "What has MMM subtracted from my salvation" you may ask. Listen, the Lord told me this morning that this is not the Antichrist itself but a test run. He further told me that the 3 main agendas of this test run is: 1- To distract Christians from Evangelism. 2- To cause high blood pressure for many. And 3- To evaluate how many would embrace his currency when it comes. A word is enough for the wise. Do the work of an evangelist. Let's spread the gospel. Tell someone 'Jesus loves you and wants a good life for you, come unto Him' ". NO WONDER PEOPLE HAVE STARTED COMMITTING SUICIDE... God have mercy on us. AMEN |
Re: Why I Think MMM Is Not A "Helping" Scheme by GabdelandAgro(m): 8:46pm On Dec 13, 2016 |
Someone posted this. 1. Anybody doing MMM obviously has money to spare, the real people who need help are there languishing. 2. Friends hardly borrow friends money now cos they'll rather invest it in MMM. Now if you can't genuinely help a friend because of MMM, then is it the person you are paying into his account that probably has millions worth of mavro that you are helping? 3. People with money won't even help assist or fund startups, of course why would they invest in the humble startup of a fellow nigerian who is struggling to make a name for himself when they can put the money in MMM and get 30% monthly. 4. There are a lot of brilliant minds who need people to fund their Ideas, but instead Nigerians would prefer MMM. Have you ever wondered why there are no crowdsourcing companies in Nigeria. 5. Truth is This MMM is not helping anything, they should just rename it to Provide money and receive money dazall. If the stuffs fold up now, People will be crying up and down , but one shouldnt be cryiong when he "helps" someone out of the magnanimity of his heart now should he? I don't have any issue with anybody o. but that providing "help" is kinda misleading, another name wouldve been better if the scheme collapses , what will you tell the person who calls you saying that he was the one who gave you help last week and that you should help him, even if is just 10 percent of what he paid you, saying it was all the money he had or maybe one he cudnt afford to lose. You'll prolly say wrong number and warn him not to call you again. Then he'll drop his phone and from then on anything cam happen, depending on how weak his heart is 1 Like |
Re: Why I Think MMM Is Not A "Helping" Scheme by soldierdollar(m): 8:49pm On Dec 13, 2016 |
Seun: Thanks for reading |
Re: Why I Think MMM Is Not A "Helping" Scheme by soji1992: 8:57pm On Dec 13, 2016 |
[quote author=DedeNkem post=51902243]МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion! In November 2015, MMM launched a website targeting the Nigerian audience, also claiming a "30% per month" return including other acquirable bonuses.The entity was self-described as a "mutual aid fund where ordinary people help each other."2.4 million people had signed up by late 2016, with the country's unemployed as primary targets. Nigeria's Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. On the 13th of December, it announced the freezing of all members' accounts due to systems overload and the negative attention brought on by the Government and mass media. Source: wikipedia Nigerians are dumb as f*uck![/quote true talk bro!!!!!! its a real pity!!!!!!! |
Re: Why I Think MMM Is Not A "Helping" Scheme by feran15(m): 9:01pm On Dec 13, 2016 |
BrutalJab: that is exactly how it works. they have done it in Russia and the owner was jailed after it was discovered to be a ponzi scheme 1 Like |
Re: Why I Think MMM Is Not A "Helping" Scheme by BrutalJab: 9:09pm On Dec 13, 2016 |
feran15: The money was donated to a central purse then. Besides, why must he be arrested Didn't they read the terms and conditions? |
Re: Why I Think MMM Is Not A "Helping" Scheme by LasoulMacuby(m): 9:11pm On Dec 13, 2016 |
When I was talking you were there thinking I don't want people's progress, if you want to. Make. Money work hard, and earn genuine money. Not looking for Awoof! If they had genuine intention, they would have fully informed people so that those who want to withdraw can withdraw while those who want to leave it there till the Januaryunfreezing day should have choose to leave theirs. So I just dey pity the number of "mad men" wey go Waka the streets of Nigeria by January and those wey go commit suicideGerra here mehn! 1 Like
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Re: Why I Think MMM Is Not A "Helping" Scheme by chidiebere2020(m): 9:56pm On Dec 13, 2016 |
Good Morning Friends, We all woke up this morning to receive the news of “1 month freezing of all confirmed marvos”. This is quite unfortunate but a neccesary measure. However, this piece is my due research and opinion. What does “freezing of unconfirmed marvos” mean? It means you won’t be allowed to GH for the period stipulated. However we can still PH. What is the implication of this? It means that when we PH at this time we wont be merged because there will be no one Ghing. However, your will be credited with the resultant marvos of your PH. That is why you can see how much marvo you have but can’t GH it now. Why the freezing? The freezing is necessary for the sustainabilty of the system. In the previous meetings Mr Andrew say SUSTAINABILTY AND STABILITY of the system is the focus in 2017. So to achieve these goals, it is pertinent that the system is protected. It is a known fact that most participants PHed targeting the festive period to GH. Even me too did same, infact I PHed purposely to prepare for my wife’s delivery and the naming but in the face of this situation am still stead fast. If we all GH heavily this festive season, we wont meet an MMM that is paying us in 2017 because there will be more GH than PH as participants wont PH more this time (therefore pause mode will be activated). Also, the issues of fake POP, delay in response from CRO and moratoruim issue need time to be properly tackled. As all guiders know Mr Andrew said programmers are working to make these issues handled in 24hrs, which is good. VARIOUS OPINIONS …. 1. Some people are of the opinion that we should have been informed but I say NO…. If we were informed the system will crash immediately because no matter how much Admin explains people will rush to GH and then stop PHing. This scenerio will crash MMM this Dec. 2. Some people say Guiders should have been the ones alone to be frozen. While this is a very good idea, I still wont agree…. The ratio of guiders to participant is 1:100. The number of guiders is less to the whole community. 1 guider manages a minimum of 10 people. The PH of these 10 people in most cases is more than what the guider will PH. In time of GH the system will pay the 10 DLs more than the guider. Eg. To pay the guider the system will give him 30% of his marvos + 100% (referral bonus) = 130% But if the system is to pay the DLs it will be 30% x 10 =300% Now which is bigger. However, this might not be a perfect scenerio but it will give us an insight into the issue at hand. Also, there is no way particpants should be frozen and then leave the guiders. No way! 3. Some people are of the opinion that it should have been next week….. I wont say I understand how you feel but this option is risky. If you look at the time frame of the freezing it about 2 weeks to the end of the year and 2 weeks to the beginnig of next week. They are deliberately avoiding the rush hour GHing for the festive season and rush hour GHing from lack of money in January. So the time farme is to play safe. 4. Some people say now it is true MMM has gone on Holiday Pause Mode…..This is not true. The rumour earlier about pause mode was talking about 24-26th December because of bank holidays. This is not an Holiday Pause Mode. So please lets stop that school of thought. 5. Some people are of the opinion that with this new measure a lot of people will not PH again…..Maybe and Maybe not. Have we ever thought why the additional 20% was given as bonus? It means whoever believe in this community even in this time will get 50% growth to His/Her PH. This also tells us that this plan has been there before now, it was not taken impromtu, it was carefully planned. So I PH 1 million now by Jan 14 2017, I will GH 1.5million. That’s the plan. WHAT ARE OUR RESPONSIBILTIES AT THIS TIME Our most important responsibility is to avoid fear and kill panic. The more we fear the more the panic will rise. Now is the time when our knowledge of MMM will be needed both guiders and participants alike. Now is the time when negative publications should not move us no matter who is saying what or who is writing what. Now is the time for guiders most especially to enlighten their DLs and attend to their fears at all times. FINAL WORDS We need to know that the media can’t break us if we have one voice. As a trained journalist that I am, we were taught that “bad news is good news” so I am to certain that bloggers will feed on this quickly and with vigor. But we also need to stand with courage, reseilence and believe that financial freedom is our end goal. Also, I am not in anybody’s shoe to know how this will affect any one but I will only advocate that we be patient and see the end goal and not the now. MMM all the way #ibelieveinthiscourse #thisisnotpausemode #panicisakiller #wewilllaughatlast Together we change the world[truncated by WhatsApp] |
Re: Why I Think MMM Is Not A "Helping" Scheme by Emerikoss: 10:00pm On Dec 13, 2016 |
Many men of God warned them that this mmm stuff will crash and all of them were saying all sorts of bad things and bashing the men of God,nothing has happened yet,the real crashing is yet to come and it will come VERY SOON |
Re: Why I Think MMM Is Not A "Helping" Scheme by Druss(m): 10:01pm On Dec 13, 2016 |
Re: Why I Think MMM Is Not A "Helping" Scheme by Dicksonpal: 10:02pm On Dec 13, 2016 |
My money o |
Re: Why I Think MMM Is Not A "Helping" Scheme by benzems(m): 10:05pm On Dec 13, 2016 |
I can't say for sure but this is exactly what happened in China Starting from December, withdraws from MMM Global have halted. As of today, users still cannot access their funds. China gov't banned it january 2016. read More>>>>http://www.inewsextra.com/2016/10/the-truth-behind-mmm.html |
Re: Why I Think MMM Is Not A "Helping" Scheme by Mujtahida: 10:20pm On Dec 13, 2016 |
majekdom2:You are quoting psalm 15 and yet your jesus gave the parable of the talents and berated the man with the one talent saying he ought at least to have deposited it with the bankers. Do you know that usury is charging of interest? But you use the banks even when they give you interest don't you? Do you see how your religious mindset is beclouding your mind? Please remember to quote psalm 15 to the banks next time you are given a paltry interest on your money. |
Re: Why I Think MMM Is Not A "Helping" Scheme by Nobody: 10:27pm On Dec 13, 2016 |
Mujtahida:you mentioned "parable" check the meaning of that word again. I am not here to debate religion. Check the meaning of usury again and gain understanding with their meanings. |
Re: Why I Think MMM Is Not A "Helping" Scheme by soldierdollar(m): 10:30pm On Dec 13, 2016 |
Seun: Will like to seize this opportunity to complain that my blog link jadijadi.com is banned from the health section for reasons I don't know. Once I put my link as source , your bot deletes the post and bans me from posting on health for some hours. Sir , please look into it. Thanks for the compliment |
Re: Why I Think MMM Is Not A "Helping" Scheme by Mujtahida: 10:34pm On Dec 13, 2016 |
12inches1:Bless you, bless you. It's all fiction but it looks real to us because of tradition, ignorance and faith. You see some digits in your account and you believe it is money. Numbers, just ordinary numbers and nothing more. It's all fiction and that's why I weep for those who keep yammering on about working hard, nothing good comes easy bla bla bla. They do not realise that the link between money and work is a false one. Imagine the perversion involved in exchanging food for money and money for food. Money has absolutely no value compared to the food produced by the labour and the sweat of man in co-operation with nature yet money has become God over us all. |
Re: Why I Think MMM Is Not A "Helping" Scheme by shadope(f): 10:37pm On Dec 13, 2016 |
yorex2011:I marvel at your pattern of reasoning. You must be a genius. Your assertions are just so true "Logically-Speaking" |
Re: Why I Think MMM Is Not A "Helping" Scheme by Nobody: 10:40pm On Dec 13, 2016 |
Nigerians have thick skulls that is why they easily forget --- in 2007 a ponzi/pyramid scheme like MMM called NOSPECTO also duped Nigerians of their hard earned money yet my people don't learn --- do we say greed is at play or stupidity or is the recession. Reference: |
Re: Why I Think MMM Is Not A "Helping" Scheme by Mujtahida: 10:43pm On Dec 13, 2016 |
majekdom2:usury ˈjuːʒ(ə)ri/ noun the action or practice of lending money at unreasonably high rates of interest. And who decides what is high or low rates of interest according to biblical standards? parable ˈparəb(ə)l/ noun a simple story used to illustrate a moral or spiritual lesson, as told by Jesus in the Gospels. Whether metaphoric or literal, the fact is that Jesus used the practice of depositing money to earn interest to illustrate his point. |
Re: Why I Think MMM Is Not A "Helping" Scheme by Mujtahida: 10:44pm On Dec 13, 2016 |
12inches1:Bless you, bless you. It's all fiction but it looks real to us because of tradition, ignorance and faith. You see some digits in your account and you believe it is money. Numbers, just ordinary numbers and nothing more. It's all fiction and that's why I weep for those who keep yammering on about working hard, nothing good comes easy bla bla bla. They do not realise that the link between money and work is a false one. Imagine the perversion involved in exchanging food for money and money for food. Money has absolutely no value compared to the food produced by the labour and the sweat of man in co-operation with nature yet money has become God over us all, ruling over us with brutal power and unrelenting ruthlessness |
Re: Why I Think MMM Is Not A "Helping" Scheme by Nobody: 10:47pm On Dec 13, 2016 |
Seun:Your prayer is answered abi? |
Re: Why I Think MMM Is Not A "Helping" Scheme by Mujtahida: 10:48pm On Dec 13, 2016 |
Reference:You just wrote a lot of wool. You have no idea! |
Re: Why I Think MMM Is Not A "Helping" Scheme by Mujtahida: 10:50pm On Dec 13, 2016 |
MaGenT77:No need to insult him. You are angry, yes but state your points without getting into the mud of indignities and insults. Cheers |
Re: Why I Think MMM Is Not A "Helping" Scheme by yorex2011: 10:56pm On Dec 13, 2016 |
shadope: |
Re: Why I Think MMM Is Not A "Helping" Scheme by Nobody: 11:12pm On Dec 13, 2016 |
yorex2011:how many ppl av u helped b4 writing this ur epistle |
Re: Why I Think MMM Is Not A "Helping" Scheme by Alabi324(m): 11:19pm On Dec 13, 2016 |
"Dear mavrodians, my mission here is to make us
properly understand this new message that seems
to be causing panic out there in the hearts of all
MMM participants. The message does NOT say that
nobody will be able to GH until January, instead
the message is saying that you will not be able to
GH until after 30days that you actually made the
payment of your PH and the recipient confirms.
Meaning that your money must actually spend
minimum of 30days outside. So for example, if you
PH 100K on 5th November, and you are matched to
pay on 10th November, assuming that you made the
payment but the recipient does not confirm your
order until 15th November when he finally comfirms
receipt of your payment. From that instant (15th
November), your mavros will change status to
"CONFIRMED" ( irrespective of colour Blue or
Green ), so you will only be able to request for help
(GH) on that particular 100k + 30% growth as from
15th December. It is not that you can't GH before
January.
Please spread this to all your downlines" |
Re: Why I Think MMM Is Not A "Helping" Scheme by yorex2011: 11:20pm On Dec 13, 2016 |
wizzakosh: Not as much as I'd like.. But you can open a thread and ask, so you'll judge from the replies, at least the replies will be from strangers alone. What about you? How many lives have you touched? |
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Bamise Ajetunmobi & Wife Elizabeth Accused Of Fleeing With ₦22Bn Investors Money / Nigerians Lament On Twitter Over MMM Removal Of The GH Option / Investors Rush To Nigeria - Bloomberg
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