It is saddening to see the word ponzi used arbitrarily by people that reeks of mediocrity . What can be referred to a ponzi scheme, ponzi scheme was derived from the name of it's originator Charles ponzi who became notorious for using the technique in 1920.
A Ponzi scheme 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.
Please note that emphasis was made by MMM It is not an investment, Ponzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.
I don't recall MMM operating an existing business before switching to the scheme
Looking at the bright side MMM is ensuring a form of redistribution of money which is commendable , and also going by the velocity of money .
Although looking at the model of MMM it may seem similar to a ponzi, but I tell you it is not.
Going by its challenges, it is a normal occurrence, even the so called banking system is not immune to such threat . When there is a massive withdrawal from a bank there will be a run on the bank inadvertently. Also without promising high returns banks also crashes, which was the case of the period of banking boom in Nigeria before various Acts such as the CBN act 1958 many of the then crashed banks were not managed properly also MMM needs to implement policies that will ensure its perpetuity.
The ideology is superb, just a little calibration will do.
MMM pays, MMM is still paying it is now up to participants to determine if MMM will continue to pay.
Long live MMM!!!

MMM "is" a ponzi scheme. Let's call a spade a spade. Can you earn from it? Yes of course!
Is it better than the typical ponzi model? somewhat. I am tired of people calling this programs legit. I am registered with one and I know exactly what I am in for! You can make money with these programs but you have to be aware that they can shut down anytime.

Just look at what happened when MMM went off for the holidays. A legit business would have given an alert for such a shutdown at least 2 months beforehand, but If MMM had done that, do you really think people would have still been flocking in to toss money for December period?

Please educate people properly, I am aware that many Nigerians what to hear how easy it is to make money from this things but know the truth behind it. How does MMM give 30% when they sell no services or products or make investments? Easy! they take money from the newer recruits and give it to the older member who had provided help.

Be smart people, don't be greedy and throw money that isn't yours or money you can not spare into things like this, I'm begging you.

Hothar999:
MMM "is" a ponzi scheme. Let's call a spade a spade. Can you earn from it? Yes of course!
Is it better than the typical ponzi model? somewhat. I am tired of people calling this programs legit. I am registered with one and I know exactly what I am in for! You can make money with these programs but you have to be aware that they can shut down anytime.

Just look at what happened when MMM went off for the holidays. A legit business would have given an alert for such a shutdown at least 2 months beforehand, but If MMM had done that, do you really think people would have still been flocking in to toss money for December period?

Please educate people properly, I am aware that many Nigerians what to hear how easy it is to make money from this things but know the truth behind it. How does MMM give 30% when they sell no services or products or make investments? Easy! they take money from the newer recruits and give it to the older member who had provided help.

Be smart people, don't be greedy and throw money that isn't yours or money you can not spare into things like this, I'm begging you.

Plus read the post again .the argument is not about the legitimacy of MMM but it's interest and values