MMM is an acronym for Mavrodi Mondial Movement which was founded in Russia in the 1990s and is known for having operated one of the world’s largest fraudulent frauds where between 5 to 40 million were swindled about USD$ 10 billion. MMM reopened in 2011 as MMM Global with operations in about 30 different countries including Nigeria, South Africa, Zimbabwe, Kenya, Argentina, Bangladesh, Brazil, India and Philippines.

The movement prides itself as a mutual aid network where members donate funds with the promise of also receiving up to 130% of donated sum within one month. But in reality it is a fraudulent scheme where fresh funds are used to settle old claims and it’s been largely popular in Nigeria within the last one year where about 3 million people have become actively involved despite warnings from the financial sector regulators and the mass media.

The organization sent shock waves throughout Nigeria on 13th December 2016 when members woke up to a mail freezing all accounts due to systems overload and negative publicity. The world has experienced lots of Ponzi schemes but none with the type of sophistication and scale which MMM represents. These are some of the reasons why MMM qualifies for the most sophisticated scam of all time.

The International Dimension: MMM leverages on the internet to scale up its operations to everywhere in the world. Unlike most other notable Ponzi schemes that were locally domiciled in various countries, MMM currently has operations in about 30 countries with plans for more spread. Members can participate from any location once they have access to the internet. It is not registered in any of the countries where it operates and has no known offices or forwarding address. It is faceless and will be very difficult for the promoters to be arrested or brought to book as they are largely unknown.

Disclaimer Clause/ Warning: On the MMM site is a warning advising members and that it is not an investment and that there are no guarantees of return. It also warms them to only use spare money to participate. It is written as “WARNING: THIS IS A COMMUNITY OF MUTUAL FINANCAL HELP! Participate only with spare money. Don’t contribute all you have”. This cleverly absolves the organization of blame in the event of default.

Your consent: your consent to having read warnings, fully understanding the risks and being of a sound mind and memory is required every time you want to participate. It plays on the psychology of members by telling them of the risks but also encouraging them to take this risk if they want financial freedom. This is another clever way of absolving itself of any blame.

Peer to Peer System: There is no central account where members donate funds to as you are matched with another member and you pay funds directly to his/her account. There is no record of you investing any funds into the organization and therefore you have no claims against it. This doesn’t mean that the promoters do not match their agents to get help without providing same until their targets are met. After all they control the back end and determine who gets matched to whom.

Donation as narration on payment instrument: A member is instructed to write donation as purpose of payment when remitting funds to another member. Donation is not an investment thereby forfeiting all claims to funds and the organization can as well decide not to payback.

Blaming the Media and Government: The organization never admits that its operations are not sustainable and always blames the government and media for failure claiming that it is being crucified for attempting to deliver people from an unjust financial system. By doing this, it cleverly deflects most of the anger and frustration for its failure from itself.

Irresistible Marketing Strategies: The organization cleverly markets itself using different well thought out strategies. These strategies include word of mouth advertising- You must write a letter of happiness for every funds received which is used to coerce other prospects and even awarded a bonus for every video you make. Also the referral system where you earn a 10% bonus on all referrals effectively drives new and existing members to participate. Other strategies include awarded bonuses to all new members and bonuses for yearend seasons to encourage participation.

Robust Platform: The MMM platform is very robust and well thought out. It almost feels like dealing with a real bank. Every member has a personal office where you have all your information, funds and can even interact with the administrator or other members. System is quite efficient and well protected.

MMM will most likely return on the 14/01/2017 as Nigeria is currently its biggest market but I believe those expecting the promoters to easily let them off the hook are dreaming. There is no pot of fund anywhere for MMM to use and pay subscribers. The promoters will only dig into desperate and helpless subscribers till the scheme is finally buried as it’s a matter of when and not whether it will eventually go bust.

source: http://www.financialslot.com/2017/01/12/8-reasons-why-mmm-is-a-perfect-scam/

My pending GH request just vanished, has anyone experienced similar scenario, please share your experience.

My mavro has reappeared, MMM is real, pray they pay come 14th.

@emerich gooluck to you. I am watching in 3D. Enjoy the MAVRO growth while it lasts

Make u go seat for one corner and stop the false alarm...the aleady requested GHs were deleted but atleast you can see it in your mavro.

if they come back, that means you now get more sef since the mavro has been growing...so go and seat gently in one corner and wait till tmao to know what'sup.

I had a pending GH of 96k that has been deleted but in mavro now 136k...so if am able to eventually get the 136...then Big kudos to them...we shall see shaaa.

All eyez on MMM

emerich:
My pending GH request just vanished, has anyone experienced similar scenario, please share your experience.

check your mavro..... Your expected GH must have increased... Good bless MMM Nigeria

I stand with MMM Nigeria...... We the participants are MMM Nigeria.... Because we pay each other ..... We stand with MMM Nigeria. No shaking

emerich:
My pending GH request just vanished, has anyone experienced similar scenario, please share your experience.

Yes and back to your Mavro.

All GH requests were canceled keeping in mind that such pending mavros would be growing. Everyone can make a fresh GH request tomorrow.

switch47:
I stand with MMM Nigeria...... We the participants are MMM Nigeria.... Because we pay each other ..... We stand with MMM Nigeria. No shaking

God bless you

@fifty Tomorrow will definitely come but not without surprises.Ask yourself where does MMM generate the 30%-40% awoof from? Unlike banks who take deposits at a lower interest and give out loans at a higher one, thereby making a spead, MMM engages in zero economic activity. Every cycle of help being given creates a hole which will keep getting bigger until there is nothing to cover it up.

Trash everywhere.


Seun and MMM haters, MMM is finally back before the promised date o.

freshinsightng:
@fifty Tomorrow will definitely come but not without surprises.Ask yourself where does MMM generate the 30%-40% awoof from? Unlike banks who take deposits at a lower interest and give out loans at a higher one, thereby making a spead, MMM engages in zero economic activity. Every cycle of help being given creates a hole which will keep getting bigger until there is nothing to cover it up.

If you know so much about banks and how they make their money, then you would be familiar with the term CROWDFUNDING (which banks and insurance companies also employ), as well as its multiplication effects on any currency.

Even the national dailies who had spread bad information about MMM in the past, have now seen or understood how MMM makes financial possibilities come true in better ways than our banks.

http://punchng.com/can-cbn-learn-mmm/

Hopefully this year you won't be left out of the million makers.

My reaction to people that still believe MMM is legit

Google defines scam as fraud and Fraud according to Nigeria Criminal code is obtaining anything under false pretence ie promising something and you collect money yet you dont fulfill the promise.

So far (at least until Dec13th 2016), MMM has fulfilled all promises to its members therefore, I cannot categorized it as scam, not yet till tomoro 14th

You are wasting your time on this write up!

I stand with MMM Nigeria. Even though I did not invest in it, I understand the plight of millions of people who have accounts with them. May God cause your detractors and haters to be silenced tomorrow.

1day left to MMM returns. Get ready to withdraw. No dulling

Ezra 6:19

some pipo's christmas/newyr celebrations starts tomorrow.......it might be nightmaric celebration

what of MMM United? when he dy come back?

Mavrodians will soon come for your head OP. .

H

Are you guys not tired of this topic? MMM is not a scam in true definition. It's just a game you play with money.

MMM

Please if you have e a relation or friend who is into mmm, don't forget to sit close to the person come tomorrow - either to celebrate of prevent from suicide.

Wetin b your own... Na your money? Abi na your scam?...

The name itself is a scam we don't need 8 reasons

few hours for people to cash out their frozen Mavros

How MMM reacts to your post...