Many Nigerians are left in disbelief after popular money doubling scheme, MMM, makes a comeback into the Nigerian market as MMM Krypto.

The popular money doubling scheme was the rage around 2016 and 2017 and the NDIC reported that three million Nigerians lost 18 billion Naira to the corporation.

Many of the victims were left wretched and one of the participants of the scheme, Ada Kole, committed suicide after losing 750,000 Naira to them shortly before his wedding.

The Mavrodi Mondial Moneybox (MMM) was shut down in 2018 following the death of its founder, Henry Mavrodi from a heart attack.

The company is now trying to make a comeback as MMM Krypto, and they had a recent meeting on December 2, 2023, in Durban, South Africa.

Some reactions to the post

@Dajibawo1 said: “Just pity the many that would fall victim out of greed”

@DCO_Danny asked: “Why do they always come back towards end of the year (Christmas period)?”

@Phelyx_mukah demanded: “As e don come back. Make them give me the one wey I put for there the last time first.”

@Uyanwunechuks wrote: “They said “affliction shall never rise the second time” I hope I got the quote correctly.”

@D_lone_wolf added: “These people want to finish what they’ve started.
Even the original owner of MMM is dead. 🤦‍♂️”

https://nigerianstreet.com/2023/12/06/theyre-back-to-get-new-victims-nigerians-react-as-mmm-reportedly-returns-to-the-nigerian-market/

Only a fool will be foolish enough to fall for this again....


They didn't even rename it


🙄

Welcome back, at least some gullible must still fall hands & money must be made for sure.

Nigerians will go for it aggressively this time hoping to beat the collapse of the scheme.
Mental and financial poverty combo is a devastating cocktail.

Maga fall, guy man chop.

Nigerian citizens are not to blame for the very common habit of scamming and defrauding others associated with Nigerians.

Let me tell you why. A human being by default has the tendency to commit crime or engage in any dishonest activity. Even in the advanced world, e.g US, Canada or Europe, they have citizens who are equally looking to be dishonest as seen in Nigeria.
But do you know why it seem like these other countries have less corruption or their citizens are not looking to rip or defraud you?

Its because their government is responsible and their laws work. Living in these countries means you have to adapt to the system created by the government or else, you will face the repercussions and your life become miserable. Some of the repercussions for committing crimes, not obeying laws or defrauding others can make you unable to get job, or even spending the rest of your life in prison.

Hence most of their citizens have to fall in place obeying their laws. On the other hand, their government is responsible making sure tax collected are used to provide basic amenities to the citizens.

Hence majority of the citizens do not see the need to take to crime when they have jobs, earn living wage, have a working Healthcare system, have a working pension system, job security etc.


But here in Nigeria the reverse is the case. Nigerians are not bad people but the government simply failed to provide the leadership they were voted to provide.

The truth is most participants of these ponzi schemes know that at a point in time its gonna crash. But they go in with the intention of getting the earliest tranches of cash outs before the eventual collapse of these schemes.

What guts!

Link please?