No offence, we do things like this because of GREED not because the economy is bad....Even when it was good, people do stuffs like this. My personal observation is people who have PH like 5-7times or more are happy to invite others, one they've made their money, more importantly, the referral bonus,.....Nigerians are more focused on the referral bonus not helping people survive recession, datz y 1 person will be a guider to about 100people.....pure greed...my advise to people, economy is tough but there is nothing like spare money that mmm people say...if its spare money whyl not throw it away or give to beggars....let be wise, if you want to continue with it, don't be greedy..take out most of your funds now...for those of us not in it yet...don't be fooled....its those DT join late DT will lose more...but if you wanna try all d best...remember we r in recession...let us pray we don't enter depression....play wise with your funds..yes ..mmm pays but inflation is rising higher...it takes about 18mths if managed well to break out of recession..Nigeria have a long way out....don't let mmm add to you recession pains at the long run

Bankers are the greatest scammers. You save your money with them, they go ahead to loan your money to business owners who are charged with interest after they've collected collateral from them. The business owners thereafter come back to remit the funds and its interest to the bankers on an agreed date. Mind you, the interest belongs to the bankers and not you. When you come to withdraw your money if you are fortunate you might just be given a meager interest of 2% annually or get your savings reduced by some alert debit. This is what Sergey took his time to study and called it a slavery world. MMM runs just like banks, without deposits you cannot withdraw from any banks. but only that we only give help based on gratuitousness and reciprocity, of course that's why we are not investment or business so we don't need to be registered. Members are quite aware of the risk involved before joining. We don't need SEC OR CBN warnings.

Government and SEC deprived you of diving into the wealth from bitcoin, is that fair?
Banks will be like, your money is safe with us, and my question is, is our money really safe? They use our money (because without u and I, nothing like bank) to give loans to companies and make huge interest, if they are giving me 5% monthly, i won’t be shouting instead they charge me for using my money for business. Billing you unnecessary charges and the worse part of it is that you can’t talk, even if you do, who will hear you? Bank will send you a credit alert or interest alert of #0.50k and charge #4 for the sms. And you said that one is not a legalized scam (you are wicked).
Politicians will be like vote for us, when you vote for us, we will do this do that. Your vote counts. Liars, the worst scams ever seen are the politicians, deceivers. The less privilege are the ones languishing in poverty but you are there living in luxuries, you denied us from going to the best schools because of the high fees but your children are in the best school outside the country. And you think you are not a scam? You are deceiving yourself.
School will be like read your book and make sure you pass very well so that you can get a good job, where is the job? 6Years in primary, 6yrs secondary school that is if you didn’t repeat any class then 4 yrs in tertiary institution as the case may be plus another 1yr of youth service and after all these years no job to be found and you said that is not a scam?
You subscribe to DSTV, after you might have paid your NEPA bill of which you only get light in the middle of the night around 1am -5am, tell me who want to use the light? And DSTV management could not even pause the operation for you since you are not using the service, that is non of their business and at the end of the month, NEPA will still come with an estimated bill of which you can’t shout, if you do, they will cut your wire and assume you did nothing to it for a month, you still pay for that month despite you didn’t use light and when you want to reconnect, you will pay reconnection fee. is that not a scam?
If I should continue disclosing all their scams, facebook won’t be enough to accommodate it.
We have been in this slavery long enough, we can’t take it any more. It is obvious they do not want the average man to live the better life that we suppose to.
MMM has come to stay and not SEC nor Government can stop it
They said MMM is a scam, yes we know
is a ponzi scheme, yes we are aware of that
is a fraud, yeeeessss we know about that also
Ah, the founder is a thief, yes we read about that, we even read that he was jailed, and so what?
MMM is too risky (Abeg shut up that dirty mouth)
I’ve been taking risk since i was born, living in Nigeria (where there is no security, if its not boko haram today, it will be fulani herdsmen or some stupid avengers and their kinsmen kidnappers etc) is the greatest risk one can take and if i have been living in it for more than 40yrs with the risk attached, i tell you the truth, i can overcome any risk.
We are risk takers
We are scammers
We are ponzians
We are Mavrodian
We are MMM

djblue007:
This is not business my brother. It's simply a community of people who give help to one another and get rewarded.

My brother, be sincere with yourself, haven't you seen this type of business in the past?

Call it anything, it won't last. I would love this thread to be active till we all see the true meaning of this mmm

Make i Kuku invest my 100k in this MMM

What is PONZI? What is PONZI scheme Who is Charles PONZI How did he operate What was his aim and intention?? Is PONZI a scheme with a negative conception or a positive conception??

PONZI scheme was made popular by the man Charles PONZI who initially had a criminal intent of selling and collecting worthless stamps to and from people with the intent of giving them an outrageous return on a perceived investment. The intent of PONZI from inception is criminal! So it's bound to fail because you can't build something on nothing! Charles PONZI operates by attracting you with a bogus returns on your investment while all his gullible clients will continue to bring in deposits that will attract a bogus interest over a certain period in his centralized account while robbing Peter to pay Paul, and still believing others will continue to bring in the required deposits that will fuel his larger than life lifestyle! Charles PONZI's aim from inception is deceit! Are we saying because Charles PONZI is deceitful there won't be others with laudable conceptions in the positive directions?? Sergey Mavrodi and his team are genius in the act of money making and it's usages! For the avoidance of doubt, Sergey Mavrodi is a Mathematician, he's a Programmer and above all he'd worked in the bank to know the nitty-gritty and operational efficiency of how the banks make and keep their excessive and outlandish style in using people's money! He's so vast in what he's doing that trial and error is not in his thoughts in MMM. He's discovered a law in place in establishing this MMM scheme, those students of science will easily understand what a law is and what an hypothesis is all about. He's worked so assiduously on this platform and he knows this MMM can never fail inasmuch as people and human still needs money in their day to day transactions! Sergey Mavrodi is not encouraging the rich to come bing in their large masses of stolen wealth, he's for the poor and anyone participating in the MMM program is a supposed poor person. Since when has the government become so sincere and keen about the poor loosing their money to a scheme than protecting the rich from loosing their investment To be poor is a risk on its own so why are you trying to scare the poor away from a perceived possibly lesser risk that'll eventually better their life? In MMM there's no centralized account and Sergey Mavrodi has never asked anyone to pay a dime to him under any guise, only for him to help the true believer in this program with a reward of bonus on their trust. You pay your fellow Nigerians not minding tribe or religion, and such Nigerians stillj pay you too. The terms and conditions are clearly written in a large format for all to see. He made enough money from people trafficking his website and others placing adverts but he's not so money conscious to becoming a billionaire like Facebook and Google owners but in his magnanimity he is still giving back from his wealth as a bonus to any trusted and committed participant in U.S dollars!
Sergey Mavrodi in his wisdom has resolved to use his inventions to help humanity and not to exploit humanity! We're all learned participants here on MMM and the risks are clearly stated unambiguously, so you CBN advocating against MMM as a PONZI scheme should have a rethink and learn the operational efficiency of the scheme because the founder is much more vast than the majority if not all staffers of the CBN. Sergey Mavrodi has not gone to school to learn the already in place systems as being done by Nigerians, he's gone to school to learn how to invent a system that will help humanity!

They won't listen.. that love for awoof is just too much
Hope they wnt blame anybody when d unexpected happens.

I've not done it, not planning to do it, but my friend has collected money twice which no Nigerian bank has done for anybody.

...and who said the bank is not stealing all those 50kobo, N1, N2 that you don't notice in your account?

Just thread with caution.

So CBN is quite aware that people's money will no longer be left in the banks for long anymore if MMM is hugely PATRONIZE and the banks will not have enough to loan out for their selfish interest rates ,. Hence reason for this useless warnings. INSTEAD OF BEING SLAVES TO THE BANKS, LET'S GIVE THE MONEY TO OURSELVES AND GET REWARD 30% PER MONTH. Banks will only be our slaves instead. They will only help us transfer money.

When will this CBN just face the reality and let MMM be. MMM is the current hope of common man in this era of recession. I can't just believe they are this daft and unreasonable. If CBN is looking for a face of MMM, they r just wasting their time because MMM is a platform where people offer help to one another and no one has cried foul. MMM lives on! Anyways, we have heard your advice. Thk u.

mayoor15:
No offence, we do things like this because of GREED not because the economy is bad....Even when it was good, people do stuffs like this. My personal observation is people who have PH like 5-7times or more are happy to invite others, one they've made their money, more importantly, the referral bonus,.....Nigerians are more focused on the referral bonus not helping people survive recession, datz y 1 person will be a guider to about 100people.....pure greed...my advise to people, economy is tough but there is nothing like spare money that mmm people say...if its spare money whyl not throw it away or give to beggars....let be wise, if you want to continue with it, don't be greedy..take out most of your funds now...for those of us not in it yet...don't be fooled....its those DT join late DT will lose more...but if you wanna try all d best...remember we r in recession...let us pray we don't enter depression....play wise with your funds..yes ..mmm pays but inflation is rising higher...it takes about 18mths if managed well to break out of recession..Nigeria have a long way out....don't let mmm add to you recession pains at the long run

Dude..

This is a point I have noticed.. The Guider part.. That shiit seems wrong to me.

May I also inform you that I won't advise anyone to keep his or her money in the bank. One thing we all must understand is that we must be willing to lose money if we are to make money. If you are not willing to lose then you are not ready to make money. What I am saying in essence is that learn how to take risk. However, it must be a "calculated risk" such that if it comes to the worst, you can still see your money back

cooldudeng:
Another Ponzi scheme

What the adocates have failed to explain is how the system generate the 30% that it pays out.

Even the economy isn't growing 30%

On this, I will gladly pass!

bros don't mind them o. greed and gullibility has overtaken the souls of all these funny people promoting this fraudulent mmm. basic questions, they have refused to answer:
where do the bonuses come from?
who pays for hosting and logistics of the website/system being used by mmm?
in case there is trouble in the future, whom do you contact physically?
who brought mmm to Nigeria?
I challenge you all promoting the scheme to give satisfactory answers to these questions.

Valendo:


My brother, be sincere with yourself, haven't you seen this type of business in the past?

Call it anything, it won't last. I would love this thread to be active till we all see the true meaning of this mmm

Crashing you long for..... MMM uses the same system as the banks. I tell you in banks deposits must Always be greater than the withdrawal. If withdrawal is greater than deposits, any bank is in problem. We at MMM have various techniques to tackle this problem since when it arises. We call something PAUSE MODE........ Why am I even talking......add me on WhatsApp if u care to be enlightened 08062417052

I understand, I'm not endorsing MMM ....I'm just being sarcastic dear ....thanks anyway

AnonyNymous:

Have you ever sat down to realise how unsustainable the MMM model is? Where do you think banks get money to pay interest? After all, opening account is free, customer service is free, everything is free to use. Small duties like the 65 naira from ATM return, or interests paid on loans they give and other things add up to make the interest they can give. Fixed deposits provide more interests because the banks are sure you won't collect your money for a specific amount of time. If you actually take time and do the math behind the MMM model, you'll see that it is unsustainable and millions of people (the last to join) are going to suffer greatly from it. If you even look up the history of MMM, the founder of the concept was arrested after it collapsed in Russia and he went away with his proceeds. Even he did not know the actual number of people that suffered great loss when it collapsed to show you how complex it is. I can only hope that you won't regret when it eventually collapses in Nigeria.

djblue007:
Crashing you long for..... MMM uses the same system as the banks. I tell you in banks deposits must Always be greater than the withdrawal. If withdrawal is greater than deposits, any bank is in problem. We at MMM have various techniques to tackle this problem since when it arises. We call something PAUSE MODE........ Why am I even talking......add me on WhatsApp if u care to be enlightened 08062417052

Guy be sincere with yourself, what is the profit of your organisation?

*The MYSTIFIED 30% in MMM. How to Understand It.*



THE MYSTIFIED 30% How to understand it.

Its important you all understand this concept so much that you can easily explain it to others.


Let's look at it from this practical point of view,99% of us here have bank account. Right? Good.


We put our money in the bank because we Trust its safe there What do u think is the % of people who put their money in Banks?

Do you know How many % of people in Nigeria has an account with First Bank?

Yes you guess right!

Let's say 70% of Nigerians.

That's about more than 50million Nigerians. And Among these people are


The Poor
Middle class
and Business men
Companies


Among this set of people are those who deposit their money in bank at different intervals
and different amount.

Right?

And they withdraw at different intervals and different amount.


That means If you deposit 200k Another person deposit 1million,Another deposit 2k,Another deposit 500k,Wenever you are withdrawing your 200k, Someone's elsewhere is depositing a huge amounts.


To supplement ur 200k withdrawal. And this circle continued on and on.
And becos of the population of people using the bank and different set of cash and different time of deposit and withdrawal


There is 100% chances that you must get your money withdrawn whenever you need it.


Anytime u go to bank to withdraw money
That's the principle MMM is also using
Its called *Crowd Funding*.


The power of crowd funding, Banks And all financial institutions use the principle,That's is why the owner of this Banks are filty rich.


Where do you Think Bank Gets money they loan out

( Yes our Money) You evidently give bank your money when you and all those who have account with the bank Crowd Fund(Deposition Remember I want to make this more practical.


Look at this illustration, illustration U have 1million naira,U went to the bank And put it in a fixed deposit account With interest of 12% per year. U are happy As u leave the bank



The business man comes And requests to use your 1million for business. Same bank charges him 35% He agreed. Went to do business with your money and makes profit



Pays the bank your 1million +35% At the end of the year you came and collected 12% Who is the fool among the 3?.

And who is the king?

They all get paid but one of them is the king. The Bank
The *B A N K*.



Now the bank collects our money. And loan it out to business men and make lots of money to pay d staff and enrich his life. What happens to you the depositor. You get Nothing

Not even 1% of your deposit.


Now MMM says No. Because of this unfair financial system.Sergie Mavrodi thought it necessary to look at the financial system and realized that, Banks survive because of the continuous deposit and withdrawal of cash,At different intervals


And because of the population of people who have an account with the bank. Sergey Mavrodi decided that even bank with that principle can even give us 50% of our money monthly but they won't do it


. The principle of crowd funding enables the bank to even give us more interest on our money monthly and nothing will happen. But because of the unfair financial system in place they will never do it.


He realized that if we can come together. Like those population with bank account example I gave earlier .If We can copy the same principle bank and financial institutions use to flourish, We can do a lot .


All it takes is just the Redistribution of cash flows. And the IDeology in MMM.


The system provides that redistribution.And with a great community with same goal and mindset it can be achieved.


Are you u guys getting where I am heading to?.


Because people deposit at different times Banks lives on


Because people PH in MMM different times. MMM lives on


Because people withdraw in bank at different times. Banks Lives on


Because people GH in MMM different times. MMM lives on


Because of the influx of PH and GH regular PH and GH there will always be 30% to Pay to everyone .


Because of Regular Deposit and Withdrawal at different times and different amount there must always be money to withdraw in banks.


What if everyone match to bank and withdraw their money same time same day what do you think will happen?

Bank will collapse
Same thing in MMM

If every one GH at the same time MMM won't stand for long.


So it's our responsibility to keep this community strong through regular PH and GH.
The same principle Holds Bank and other financial bodies.

*MAVRODIAN SOLUTION* *LETS KEEP THE FLAME BURNING TILL WE SET OURSELVES FREE FROM THIS WORLD'S FINANCIAL ENSLAVEMENT AND MAKE ALL THE LAND GREEN IN MAVRODIAN BLOOD*........ _my hair down to my toes are green. *WE SAY NO TO THE UNJUST GOVT OF OUR TIME AS WE COME TOGETHER TO BETTER OUR LIVES*

Valendo:


Guy be sincere with yourself, what is the profit of your organisation?

This is not an organization, business or investment. The inventor motive is not to gain anything from it. MMM is a social website where people can give help to one another and get rewarded, shikenna.

djblue007:
This is not an organization, business or investment. The inventor motive is not to gain anything from it. MMM is a social website where people can give help to one another and get rewarded, shikenna.

No wonder they come and go. If your company is not making profit, then you are simply deceiving yourself.

They are only making MMM more popular. Since SEC made the same announcement warning Nigerians, more people have joined the scheme. This would only bring in more people. They should please leave us alone. Who dey don epp?

Boleyndynasty2:
One thing i still don't understand about this MMM is how they make the 30% they give everyone. Cause even people who ask for help don't pay back with interest so how do they make profit and also get 30% to pay everyone?

I sight you.. Make sense! Thats QUESTION BEGGING FOR AN ANSWER.

The question is where is that 30% increase coming from from whose money since the person u are helping and who will help u are both bringing the same amount

Pierocash:
it ruite unfortunate that CBN has joined d team of ignorant wailers attacking MMM without finding out how it works.how wil MMM RUN wit peoples money,is MMM a bank?do they av access to anybody's money that they wil run away wit?.no body pays to MMM,It is only a
platform connecting participant who donate to each other directly thru individual bank accounts.they should stop attacking MMM,no participant har ever lost a dime to MMM over d yrsLong live MMM

A time will come that MMM will match all those that PH to themself, and the site will shutdown automatically.
Mark my word. But now enjoy it the way am enjoying it too

dmostcheerful:
Come on! Give me a break! The truth is conventional financial institutions have grossly failed us in Nigeria and the regulatory bodies have merely given them a slap on the wrist.

When the Stock market crashed and investors lost their hard earned resources what came of it? Was any one involved in the Stock market scam prosecuted?

When banks went under due to Board/Management unwholesome practises what punitive measures did CBN et all take? Innocent bank customers lost huge sums of money without remedy

Long live MMM

You people will not listen Now, when the Casala Busts, you go come dey cry --- Where is MMM getting the 30% they're promising you? why are people not using their brain when it comes to money?

cooldudeng:
Another Ponzi scheme

What the adocates have failed to explain is how the system generate the 30% that it pays out.

Even the economy isn't growing 30%

On this, I will gladly pass!

This is the question they have all failed to answer.

I NO NEED YOUR ADVICE CBN, SINCE U NO FIT GIVE US JOB WE DEY ENJOY MMM, INFACT I DEY DROP 200K TOMORROW...BEEFERS

Valendo:


No wonder they come and go. If your company is not making profit, then you are simply deceiving yourself.

just fold your arms and watch us take the risk while recession ravages the land.

Cherishing:
Yet some fools won't heed to this call

madam must you insult people before you make them belief want you want to say why can't you stay off since you are not interested many of you have opportunities instead of sharing you keep that to yourself is that how you want everyone to keep living their life and thank you CBN leave us in our community and let fave he good and worst moment together......

Pierocash:
it ruite unfortunate that CBN has joined d team of ignorant wailers attacking MMM without finding out how it works.how wil MMM RUN wit peoples money,is MMM a bank?do they av access to anybody's money that they wil run away wit?.no body pays to MMM,It is only a
platform connecting participant who donate to each other directly thru individual bank accounts.they should stop attacking MMM,no participant har ever lost a dime to MMM over d yrs
Long live MMM

You people will not listen Now, when the Casala Busts, you go come dey cry --- Where is MMM getting the 30% they're promising you? why are people not using their brain when it comes to money?

Morever MMM put strong CAVEAT on their website but people will not listen.

Boleyndynasty2:
One thing i still don't understand about this MMM is how they make the 30% they give everyone. Cause even people who ask for help don't pay back with interest so how do they make profit and also get 30% to pay everyone?

You will never understand dear.

jahsson:


not sure sha... But i believe they trade (stocks) with the money they get from people...

A MMM doesn't collect anything from any participant, it'd a peer to peer system, continuous pH and gh is the system, no business, no bank, no central account, whatever reward u get, is paid by all, and at every point in time, u must always gv to get, if u don't gv, u get nothing be it an old or new member.

jaybee3:

Interest derived from money borrowed from other participants?
It's simply a pyramid scheme
High risk high return investment with absolutely no safety net

more like a ponzi scheme?