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MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian - Business (4) - Nairaland

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Mmm Nigeria Reduces Poverty By 20%(bbc News) Pic / We Are Investigating MMM Ponzi Scheme — EFCC / MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? (MUST READ) (2) (3) (4)

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Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by jubrealguy(m): 1:30pm On Oct 24, 2016
Originalsly:
Why is the SEC warning citizens that MMM is a pyramid scheme?... it is their duty to either have it registered... or shut down. MMM is milking the economy....but we can't see it. Who is receiving the cash?...and where does it finally rest?...in which country? All of the money put in here does not circulate here but converted to foreign exchange and sent abroad to whoever is behind the scheme.
lol......but why na, u just embarrassed yourself....ds is pure ignorance

3 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by caracas: 1:33pm On Oct 24, 2016
Seriously i think the cbn n various banks should stop this sponsored media attacks on MMM, cos they seem to be making them more popular .
N to be honest mmm is a genuine buisness with risk like any other buisness.but the unique thing about them is that they make Your money active n useful compared to putting the Money in banks .
Mmm is very honest n real in their transactions ,letting u know of the risks involved even to their own detriment.
The truth of the matter is it is a ponzy scheme with a difference .it is a well thought out scheme n it pays
The only ppl who stand to lose are the banks n of course those who refuse to join.
N Mark my words this buisness is here to stay cos even politicians n top government officials are members.

11 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Rita30: 1:33pm On Oct 24, 2016
Thermodynamics:


Him fada job de for nigerian? Make them band am so dat suffer for naija go continue see him mouth because he get money na make am de talk rubbish.
Don't mind the mofos
Ma brain gay dey worry them
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by nairacash1: 1:34pm On Oct 24, 2016
JeffreyJamez:
That day will be soooooo hilarious ehn!! grin grin grin grin grin..I go laugh tire....

My friend say make i come do MMM, say if e crash before pay out he go refund me. I say no....gimme the money from your pocket make i do am, if e crash, your money don go, if e no crash, I collect the bonus give you your 20k back..he say no...I say then Go to hell and burn!! grin grin
Collect the bonus na your money your greed no get equals

2 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by SweetJoystick(m): 1:36pm On Oct 24, 2016
TRAVEL101:

she is greedy!
Truly, she is?
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Hiploko(m): 1:36pm On Oct 24, 2016
Eyes don too much for this scheme. E go soon crash
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by nairacash1: 1:37pm On Oct 24, 2016
caracas:
Seriously i think the cbn n various banks should stop this sponsored media attacks on MMM, cos they seem to be making them more popular .
N to be honest mmm is a genuine buisness with risk like any other buisness.but the unique thing about them is that they make Your money active n useful compared to putting the Money in banks .
Mmm is very honest n real in their transactions ,letting u know of the risks involved even to their own detriment.
The truth of the matter is it is a ponzy scheme with a difference .it is a well thought out scheme n it pays
The only ppl who stand to lose are the banks n of course those who refuse to join.
N Mark my words this buisness is here to stay cos even politicians n top government officials are members.

I SEE MMM HITTING THE 2MILLION MARK SOONER.

3 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by tolexy007(m): 1:38pm On Oct 24, 2016
Hiploko:
Eyes don too much for this scheme. E go soon crash

it will not crash, by God grace. seems like u dont no how much mmm is helping Nigerians?

1 Like

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by MinorityTribe: 1:39pm On Oct 24, 2016
SweetJoystick:

Smh you wey get sense how much MMM don pay you? E don reach 1m wey I don see for sports betting?
That is what you have seen but how how many have you lose? That aside, Since when have our government start caring for us? You guys should get sense for once na. See MTN smuggle $13bn out of the country wetin dem do dem? Nothing. Banks are milking us dry, Today balance would be N50,000 and end of month balance would be N49,912. Wetin the useless government do them? Nothing! Not to talk of all the other telecoms and insurance companies milking us dry. They didn't do anything because they all have a stake in these institutions. Don't you smell something fishy? Since when have our government became so caring?

Now can you show me just one person, Just a person disappointed by MMM? Can that be compared to your sport betting? life itself is a risk my Friend.

10 Likes 1 Share

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 1:39pm On Oct 24, 2016
The brain about it is to reduce your personal input and increase your downlines....lesser risk on your path....the will to "cash out" madly is what will crash Mmm....
Nigerian people should learn to moderate everything....its good it has worked till now, but learn to use ur brain to maximize ur profit while minimizing your risk....PM me....for more details... People!!

2 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Hanendez(m): 1:40pm On Oct 24, 2016
Rita30:
Foolish boy
He who calls his brother a fool shall be in danger of hell.Matthew 5:22
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by MARKone(m): 1:41pm On Oct 24, 2016
Me sef dey talk say I no start on time.
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 1:42pm On Oct 24, 2016
If you are doing mmm it should not be your only hope....use the money you make from it to set up businesses for yourself and package what you already have...dont sit around lazy waiting for one month....a lazy man is a lazy man....if you cash out 1million without having trained yourself to put your money to work, you will still end up broke....

6 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by bizking24(m): 1:43pm On Oct 24, 2016
I'm really surprised that many people including "educated" Nairalanders can not tell the difference between a Ponzi and an Investment scheme.
This Ponzi scheme (MMM Nigeria) will surely collapse, it's just a matter of time. I personally withnessed the MMM collapse of the 1990s and 2011 hear in Ukraine. Sergei Mavrodi is a fraudster, just like 419 or Yahoo-Boys but only bigger. My advice- just stay away from it.

4 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by uzolexis(f): 1:43pm On Oct 24, 2016
adconline:

This is a Ponzi scheme! This is a scam. It's going to run out of money when no new members are recruited. Let's have this discussion in 6-12months from now?

not even when no new members are recruited, when the creators have gotten enough money, when people have invested up to the amount they want, they will shut it down just like that and there is nothing anybody can do about it.

2 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by SweetJoystick(m): 1:44pm On Oct 24, 2016
caracas:
Seriously i think the cbn n various banks should stop this sponsored media attacks on MMM, cos they seem to be making them more popular .
N to be honest mmm is a genuine buisness with risk like any other buisness.but the unique thing about them is that they make Your money active n useful compared to putting the Money in banks .
Mmm is very honest n real in their transactions ,letting u know of the risks involved even to their own detriment.
The truth of the matter is it is a ponzy scheme with a difference .it is a well thought out scheme n it pays
The only ppl who stand to lose are the banks n of course those who refuse to join.
N Mark my words this buisness is here to stay cos even politicians n top government officials are members.
Lmao you funny die I swear. So because top government officials and politicians are members, MMM is here to stay abi?
Stocks traded on the NSE no be state governments dey get largest shares of stocks in some of the companies, don't the companies fail and declare bankruptcy? Or them no fit fail because state governments buy 50% or more of the stocks and top politicians invests in a particular company

1 Like

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Coldfeet(f): 1:44pm On Oct 24, 2016
uwa244:
The government will continue to criticize the scheme, as long as MMM did not register its operations with the NDIC in other for the govt to collect Tax from them. That does not mean MMM is fake. Am a living witness.MMM ALL THE WAY UP!
This is to exonerate it self incase it crashes! The government has just issued an OYO and at your risk, so people will not start blaming the government tomorrow.

See the write-up as a DISCLAIMER from the federal government.

2 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 1:44pm On Oct 24, 2016
caracas:
Seriously i think the cbn n various banks should stop this sponsored media attacks on MMM, cos they seem to be making them more popular .
N to be honest mmm is a genuine buisness with risk like any other buisness.but the unique thing about them is that they make Your money active n useful compared to putting the Money in banks .
Mmm is very honest n real in their transactions ,letting u know of the risks involved even to their own detriment.
The truth of the matter is it is a ponzy scheme with a difference .it is a well thought out scheme n it pays
The only ppl who stand to lose are the banks n of course those who refuse to join.
N Mark my words this buisness is here to stay cos even POLITICIANS n TOP GOVERNMENT OFFICIALS are members.

Dont need mmm to HAMMER OVER HAMMER...
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by xmich(m): 1:44pm On Oct 24, 2016
uwa244:
The government will continue to criticize the scheme, as long as MMM did not register its operations with the NDIC in other for the govt to collect Tax from them. That does not mean MMM is fake. Am a living witness.MMM ALL THE WAY UP!
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by uzolexis(f): 1:47pm On Oct 24, 2016
caracas:
Seriously i think the cbn n various banks should stop this sponsored media attacks on MMM, cos they seem to be making them more popular .
N to be honest mmm is a genuine buisness with risk like any other buisness.but the unique thing about them is that they make Your money active n useful compared to putting the Money in banks .
Mmm is very honest n real in their transactions ,letting u know of the risks involved even to their own detriment.
The truth of the matter is it is a ponzy scheme with a difference .it is a well thought out scheme n it pays
The only ppl who stand to lose are the banks n of course those who refuse to join.
N Mark my words this buisness is here to stay cos even politicians n top government officials are members.

@ the bolded, let's have this conversation 6 months from now when MMM would have crashed. A ponzi scheme is a ponzi scheme, there is nothing like a ponzi scheme with a difference and Ponzi schemes are not sustainable.
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by andystash(m): 1:47pm On Oct 24, 2016
who guardian help
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by holyeye1989(m): 1:48pm On Oct 24, 2016
I want to rob your papa join sef.ode
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Rita30: 1:48pm On Oct 24, 2016
Hanendez:

He who calls his brother a fool shall be in danger of hell.Matthew 5:22
He who criticizes mmm is liable to getting some sense
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by SweetJoystick(m): 1:48pm On Oct 24, 2016
MinorityTribe:
That is what you have seen but how how many have you lose? That aside, Since when have our government start caring for us? You guys should get sense for once na. See MTN smuggle $13bn out of the country wetin dem do dem? Nothing. Banks are milking us dry, Today balance would be N50,000 and end of month balance would be N49,912. Wetin the useless government do them? Nothing! Not to talk of all the other telecoms and insurance companies milking us dry. They didn't do anything because they all have a stake in these institutions. Don't you smell something fishy? Since when have our government became so caring?

Now can you show me just one person, Just a person disappointed by MMM? Can that be compared to your sport betting? life itself is a risk my Friend.
Bros, I no talk say MMM no dey pay oh! My friends and colleagues are making it big time with MMM. I said it's not worth risking for me. I rather put money for Chelsea vs ManU wey I go see result and know my fate in an hour 30 mins time.
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by InvertedHammer: 1:48pm On Oct 24, 2016
I think it is pointless preaching against MMM.

Just like every ponzi scheme dating back centuries, it will continue to pay until it stops paying. The sad part is that ponzi schemes usually stop paying when partakers are fully invested. The flowery languages and disclaimers are dead giveaways that something sinister is oiling the engine of MMM.
Never underestimate the power of greed.
\

6 Likes 2 Shares

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Nobody: 1:48pm On Oct 24, 2016
Why some ppl de drink paracetamol for headache wey de worry anoda pesin? Dis kain thing tire me o.
If you no get d liver, then Park wella. Everything in life, na about risk.

Why the media de fear dis MMM sef. One of mi padi chop im skul fees for Naija bet. D guy don drop out for 3rd year. Ppl de lose everyday, yet the media no de talk about Naija bet.

If MMM come start to de pay tax, walai, u go see how the govt go start to de even promote am.

Infact, apart from MMM, wetin else de work for Naija now?

5 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Neimar: 1:49pm On Oct 24, 2016
Towncrier007:

You to go white garment church for delivering, with better big stick to flog u

na joblessness
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by cindyrocks(f): 1:49pm On Oct 24, 2016
Even the CBN Governor is secretly MMMing.



MMM does not rob anybody.


Micro finance Banks are so jealous of MMM.

Stop spreading lies.

2 Likes

Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Jeffy1206(m): 1:50pm On Oct 24, 2016
And it will send you to your village faster... tongue
Zedoo:
If you are doing mmm it should not be your only hope....use the money you make from it to set up businesses for yourself and package what you already have...dont sit around lazy waiting for one month....a lazy man is a lazy man....if you cash out 1million without having trained yourself to put your money to work, you will still end up broke....
your head dey there my brother... Only you dey talk well jare.
virginboy1:
hmmmm

I prefer to use my money do sport bet, than this MMM thingy.

Because if my money hang for Sport bet I know who to hold but if e hang for MMM. hnnnmmm.

"Na die be that ooo"
Re: MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian by Zedoo(m): 1:51pm On Oct 24, 2016
Coldfeet:
This is to exonerate it self incase it crashes! The government has just issued an OYO and at your risk, so people will not start blaming the government tomorrow.

See the write-up as a DISCLAIMER from the federal government.

Everything should be done in moderation... The problem of Nigerians is foresight....lack of ability to use their head....

Oil WAS such a commodity, today where IS oil??

Mmm started with 50% now its 30% and as soon as they hit the 2million mark (if they last long enough) it will be 20% and will continue to encourage more investment for lesser returns....

This is not to say its not a good scheme...but Nigerians need to know that this scheme is meant for "spare" money....there is one thing about greed....greed never stops...
The wise ones will cash out and start chopping their downlines' effort, the foolish ones will be bringing even more money and one day the outflow will exceed the influx and everybody will start committing suicide up and down....

This is a warning....for everybody to "be careful" so they will not turn around and start killing people in anger or committing suicide....

Some people close to me have lost so much money to schemes like this , and despite the "well-planned" nature of Mmm, people should make their money fast and scamper slowly...by this time next year...it will be a miracle for it to still be existing....

The economy is grinding harder therefore money is losing more value,
And if you cannot have/buy assets you will lose in the long run...

2 Likes 1 Share

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