Many people are trying to console and reassure themselves that MMM will unfreeze their accounts and would be back to normal in January by using MMM South Africa as a case study. However, looking closely, MMM South Africa might not be the best example to ignite hope.

According to Tori.ng,

A Nigerian public affairs analyst and social media heavyweight, Mr. Aye Dee has openly announced the demise of the popular ponzi scheme - Mavordi Mundial Movement which he predicted months ago.


Mr. Aye Dee

Africa & Middle East Public Policy & Security Expert named Mr. Aye Dee is currently buzzing on Twitter following his postulations about the validity of controversial money-doubling scheme, MMM which has been targeting the vulnerable citizens of developing countries since its emergence.

Against staunch claims by MMM community members that the financial scheme had only encountered a temporary hitch till the 13th of January, 2017, Aye Dee has reiterated that the scheme has collapsed.

He backed up his claim with how MMM South Africa crashed on the 3rd of May, 2016 with a similar strategy of freezing confirmed accounts and a scheduled resumption at a future date.

According to him, all existing investments will be cancelled if at all a possible bounce-back will be made by the invisible administrators of the online community.

Read some his numerous tweets about MMM below.

http://www.tori.ng/news/48305/account-restriction-this-was-how-mmm-crashed-in-so.html

Ok

MORE ON MMM IN SOUTH AFRICA

A South-African man has schooled Nigerians who are MMM participants.

Relaying his experience of what happened to the popular money doubling scheme in his country way back in May, the man said contrary to reports that the participants will get their money when the bans on mavros have been lifted, nothing like that will happen.

“Nigerians This Serves You Right You Guys Are Very Greedy, This Was The Same Technique MMM Used To Scam People In South Africa” (Must See)
He said that was the exact thing that happened to them in May and up till now, no one has been able to get their money. He went ahead to say that Nigerians should have leanrt from South Africans. Read what he wrote below:


''LOL u should have learned from your brothers and sisters here in south africa , our old mavro maoney is gone as we speak and MMM is at silence as we speak so watch out for this ponzi schemes i have also learned my lesson here in south africa but atleast is not to much money that i lost''

“Nigerians This Serves You Right You Guys Are Very Greedy, This Was The Same Technique MMM Used To Scam People In South Africa” (Must See)

From reports gathered by NAIJ.com Gossip, this exact occurrence happening in Nigeria had happened also to the South African MMM sometime back. Headlines like:

"Controversial “donation platform” and alleged Ponzi scheme, MMM" and "South Africa collapsed and rebooted amid what it calls a “media panic”, flooded the news page when it happened in SA.

In a notice posted to participants of the scheme after it happened, the group said that “persecution against MMM organized by the mass media” has provoked a panic which has forced the scheme to “start all over again”.

MMM’s administration said that the scheme’s currency – “Mavros” had been frozen and were impossible to use. The group blamed the collapse of the system on media reports and South African banks, which it alleges have hurt and robbed “millions” of people who were part of the MMM scheme.

The scheme said it has started over with a clean sweep and all users whose mavros were frozen will be rewarded handsomely. They promised that the “old” version of the Mavro currency will be ‘bought out’ through trades of the “new” version of the currency, where equal value would be paid out to participants over six months, using 10% of total trade – effectively placing a debt burden on all participants. All these were made known May 1, 2016. See the exact notice as sent to all participants below:

"Dear participants!

Unfortunately, the persecution against MMM organized by the mass media has provoked a panic. We have been working in South Africa for almost 2 years and we have millions of members. During all that time, we had no complaints and accusations from participants, everything was paid to everyone in time and in full amount, by 30% per month. We held charity events and helped children. We did a lot of useful things for people! Well, who was suffering from this?

"The bankers and the adherents of the current unjust financial system. That is why they planned and brought all these crazy investigations and persecution in the mass media. “The only thing which prevents the investigation is the fact that non of the participants reported to the police”. If there are no complaints, and everybody is happy, then what is the investigation for? What is the subject? Did not they understand the consequences? Did not they understand that their irresponsible actions would hurt people? Millions of people! Well, try oppressing any bank, even the most reliable one, in the same way, and see what will happen tomorrow.

"However, it is futile to explain that to them. MMM prevents banks from robbing people, that is the only reason why all this is happening. And nobody cares about people. If we managed to pay millions of participants 30% per month for two years (and would still be paying, if the mass media did not lie about MMM!), why do banks not do the same? Why do they offer only a few percents a year? Make your own conclusions. Thought everything is clear right now. You are simply robbed, we have always been saying it. The modern financial system is predatory by nature. It is not for ordinary people, it is for the bankers. Its purpose is financial slavery! And it achieves this purpose perfectly. In general, in this situation, we have to start all over again. We have no choice. You can see on your own what is happening.

READ ALSO: Tears as MMM crashes in Zimbabwe, millions lose money

Hence,

The current (“old”) Mavros are frozen. Any operations with them are impossible. With the development of the system, we will send 10% of the total inflow (of all the PHs) to pay for the “old” Mavro. According to the experience of other countries, we can definitely say that in the normal course of events, all the old Mavro debts will be paid off in about six months.

“New” Mavros (Mavro bought from the moment of this announcement) are introduced. You can use them on a common basis: to ‘acquire’ and ‘withdraw’ them at any time. All of this, of course, is not very nice, but it’s not the end of the world. We will quickly pay off “old” Mavro debts, no doubt about it. You just have to wait. (And anyway, you can thank your precious media and banks for this “gift”!). The best thing you can do is just to start participating again, that is all. And you will quickly return everything, even with a benefit. Moreover, now is the most favorable time to participate and invite: in fact, everything starts from the beginning. So do not miss your chance! :-)) We hope for your understanding, Administration."


Sadly, MMM still owes the old participants from May till NOW!

https://www.naij.com/1077428-how-mmm-owing-may-sa-participants.html

Why can't you all leave this "MMM" to rest in Peace


There have been more than 10 different thread about it making FP just today alone

Ati crash ati blow, everything na January 13, that when we will dig out all these thread..... Some participants are trying to console there selves with one yeye chat....

R I P MMM

the moment you stop to PH which is the life blood of ponzi scheme then who will bail the cat

UndisputedBosom:
Why can't you all leave this "MMM" to rest in Peace


There have been more than 10 different thread about it making FP just today alone

Just wanted to correct the erroneous assumptions of people that everything went well in South Africa.

No hate towards them, they should just try and learn from this and move on.

Adeoba10:
Ati crash ati blow, everything na January 13, that when we will dig out all these thread..... Some participants are trying to console there selves with one yeye chat....

Thats the part that just seemed so dubious to me. They all just seemed to hang all hope and all their arguments on that one chat, something anyone could fake. Anyhow sha, I wish them well.

UndisputedBosom:
Why can't you all leave this "MMM" to rest in Peace


There have been more than 10 different thread about it making FP just today alone

you are also promoting the mmm threads by commenting

MerryMonody:


Thats the part that just seemed so dubious to me. They all just seemed to hang all hope and all their arguments on that one chat, something anyone could fake. Anyhow sha, I wish them well.

Why do people pray for MMM to crash? ...

Around the world, mainly in Nigeria, MMM have helped thousands of people sustain a living.

Today, it entered a temporary #frozen mode, and so many people and media will come out to make the masses panic the more.

Now let me ask..

* what do we do when people owing us tell us to give them one month to pay? WE WAIT!

* what do we do when our employer tell use he cant pay salary for 2 months due to accrued debts? WE WAIT!

* All the civil servants that the government have been owing for months, what do they do? THEY WAIT!

*what do ladies that are dating and the fiancee promised them next December, what do they do? THEY WAIT!

* all the campaign promised that are promised to us and is to be fulfilled, what are we doing? WE ARE WAITING!

* most of us spent millions to get a certificate in various schools, yet no job, what are we doing? WE ARE WAITING!

THE COUNTRY HAVE TRAINED US TO ALWAYS WAIT.

MMM HAVE HELPED MILLIONS. And still helping

IF THEY WANT TO SHUT DOWN, THEY WONT GIVE U ACCESS TO LOG IN TO THE SITE...

IF IT HAVE HELPED YOU BEFORE, BELIEVE IN IT NOW, .....I PERCEIVE A JOYFUL JANUARY FOR ALL MMM PARTICIPANTS .

IF YOU HAVE SPARE MONEY, PH, YOU WONT BE MATCHED TILL JANUARY... AND YOUR MONEY WILL GROW IN YOUR POCKET.

na people when nor dey do MMM dey shout pass....

.

The bitter truth is that mmm nigeria has crashed already.
there is no central account where they use to pay investors, how the system works is that they use new investors to pay old once. so for those who about to withdraw, is going to be successful only if new investors comes in. if not those people about to cash out are just wasting their precious time, because no central account mmm will use to pay off investors, thus, older investors will never ever get their money back until new investors are ready to invest.

but now that the whole system is shaking, which new investors wants to risk his/her money into the system? only the greedy once will do and when they enter, then the old once will get paid. if not, the system will ask every old member to provide help for another member before his/her money will be paid. because mmm owners will never and i repeat again, mmm owners will never ever pay all members with their money.

this is just a game. very simple game, new members money used for paying old members. there is no investment and no central account.
so opening mmm by january is going to be tough paying members.

suremossty:
Why do people pray for MMM to crash? ...

Around the world, mainly in Nigeria, MMM have helped thousands of people sustain a living.

Today, it entered a temporary #frozen mode, and so many people and media will come out to make the masses panic the more.

Now let me ask..

* what do we do when people owing us tell us to give them one month to pay? WE WAIT!

* what do we do when our employer tell use he cant pay salary for 2 months due to accrued debts? WE WAIT!

* All the civil servants that the government have been owing for months, what do they do? THEY WAIT!

*what do ladies that are dating and the fiancee promised them next December, what do they do? THEY WAIT!

* all the campaign promised that are promised to us and is to be fulfilled, what are we doing? WE ARE WAITING!

* most of us spent millions to get a certificate in various schools, yet no job, what are we doing? WE ARE WAITING!

THE COUNTRY HAVE TRAINED US TO ALWAYS WAIT.

MMM HAVE HELPED MILLIONS. And still helping

IF THEY WANT TO SHUT DOWN, THEY WONT GIVE U ACCESS TO LOG IN TO THE SITE...

IF IT HAVE HELPED YOU BEFORE, BELIEVE IN IT NOW, .....I PERCEIVE A JOYFUL JANUARY FOR ALL MMM PARTICIPANTS .

IF YOU HAVE SPARE MONEY, PH, YOU WONT BE MATCHED TILL JANUARY... AND YOUR MONEY WILL GROW IN YOUR POCKET.

na people when nor dey do MMM dey shout pass....

Do you really expect them to be like "this is an announcement to inform you all that we have crashed"

I wish you the best as you wait.