adegeye38:

with all the article, its is still a ponzi scheme, that feeds on greed and when the greed gets too much its no longer sustainable.

itasakpa:
but the old members still donate o. i dont believe this theory until i see the on that include old members donating to new members. Story for the Gods

kalindaminda:


LMFAOOOOO are you serious?

They used the word "scam" in their OWN keywords??


Modified: And they used WordPress. Chaiii

sunnyboi:
Now where is the scammer after scamming the scammers?

simiolu1:


You can verify yourself. Oh; that's a wrong link... Just wanted to give the guy some hypertension.

This is the real one.

easternguy1:
Rubbish post. Ponzi is the easiest way of making cash. It all depends on luck. Nobody is forcing you, so stop hating and allow the courageous ones to try their luck. You dont have any idea of what being broke means

easternguy1:
Rubbish post. Ponzi is the easiest way of making cash. It all depends on luck. Nobody is forcing you, so stop hating and allow the courageous ones to try their luck. You dont have any idea of what being broke means

MrCEO69:

Chai! Here we go again. Being broke doesn't mean u should steal! Or kill some1 to tk there possession. If it were football betting it would be much better na u and dem, but this mmm of a thing can't be sustained. Guy i know u are courageous, pls go and PH now. I wish u were one of those who put their life saving.

xest:
Wat ever, MMM pays. Is none of u guys business. The govt and media that are shouting who dem epp?

xest:
If everyone goes to the bank to withdraw there money do u think the bank can pay everyone?

If Mr A makes a deposit of 100k, and Mr B came to borrow 80k,how much have the money generated?

Wat do u think will happen if Mr A comes to cash all his money?

kalindaminda:


See, this is why this thread was necessary.

PONZI SCHEMES ARE NEVER SUSTAINABLE. Greed or no greed!

babseg:
ABEG NOW ENOUGH OF THIS MMM

I HAVEN'T STILL RECOVERED YET

I DONT EVEN WANT TO COME ON NAIRALAND ANYMORE

BiafranBushBoy:


Go and develop your own. Copy Copy

Olasco93:
Anything created out of human wisdom is bound to fail. That's the very reason why God is regarded as Almighty. His own financial principle never fail.

easternguy1:
Rubbish post. Ponzi is the easiest way of making cash. It all depends on luck. Nobody is forcing you, so stop hating and allow the courageous ones to try their luck. You dont have any idea of what being broke means

AntiWailer:
It is actually common sense that does not need plenty Mathematics.

Doyin2:


Exactly!

Just like Kidnapping is also an easy way of making money.


But what we are telling idiots like you is that there is always a victim of such criminal activities.

So because some people make money via criminal and illegal acts like embezzling public funds,yahoo yahoo,robbing, stealing, (ultimately the originator of the ponzi scheme is going to steal/siphon some contributors monies)or kidnapping,should we then encourage people to engage in such acts??

Have you pondered to ask where and how does the MMM scheme get funds to pay commission to guiders? A scheme that has no established investment portfolio!!!!!

dmcdad:
True.

But then for some, you need to go as far as this for them to be able to grasp.

donkuso:
Gone through the article. I notice some snags:
1) The analysis is based on one time payment ie. the participant invest only once and recieve return of investment and would not invest again.
2) New participants joining only to invest once.

But the scheme is that most of the participants both old and new keeps on investing, some increase their investment and some reduce their own. I think what happened to them is inadequate planning during the festive period. It could have been managed better than blocking (pausing)the business.If the consideration of the media and psychological impart on people were considered this would have been avoided. They should have continued with constant and continuous investors and later bring in off and on investors, with that way they would have managed the impact on doubters and media.

kalindaminda:


Mehn... na to hack the site be that lol I thought it was WordPress