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We Are Investigating MMM Ponzi Scheme — EFCC - Business (4) - Nairaland

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 10:56am On Nov 16, 2016
BrutalJab:


Who is paying Seun and the mods here

Money isn't going to any central account so nobody will take anyone's money.
...honestly nairaland is not helping matters...they don't want anybody to promote MMM here, so should nairaland join forces to kill it...since you don't want to promote it, stay clear nairaland

7 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by LadyAimy: 11:03am On Nov 16, 2016
holatin:
I need their help line cus i want them 2 investigate my pastor.
E just bought a bugatti as a full time pastor, even non of d church member get BU nt 2 talk of GATTI
You don convert ?
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Debra911(f): 11:05am On Nov 16, 2016
Hahahahaha... Ngeria govt can be funny sha, so dey sabi investigate like this, just because MMM s helping the poor masses & the unemployed youth. I never knew Nigerian govt can care like this ooo... If they had been like this since day one, Nigeria for better o. Why MMM? we get many problem wey govt nva solve for Naija.Y b say na only MMM dey kon choke their eyes? For these buhari regime, let's assume there s no MMM there would have been increase in Armed robbery, prostitution... But MMM has come to substitute these & they are complaining, if they can't produce any job for the youth & create wealth in the economy, they had better stopped the investigation because this is sheer wickedness, it shows they don't want anybody to survive and they don't care about average Nigerians. Dem dey chop FG money, they won't understand the extent of the poverty.

4 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:05am On Nov 16, 2016
eddyblaze4:
Bros dem no dey play MMM,na participate dem dey participate.now u will say u are from Lagos lol

Whether you participate or play or gamble or bet all na the same context...no mind them, even Saraki dey use em Heritage participate for the thing grin

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by dimeji1(m): 11:06am On Nov 16, 2016
Last time I check lindaikeji has never promoted news like this rather she is encouraging other scheme similar to MMM. http://www.lindaikejisblog.com/2016/11/cryptocurrency-bitcoin-five2btc-wealth.html#more.
MOD enough of this anti MMM news jare. Look for post on Jobs, investment and education to post more often than snake and MMM.
Thank you

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by fratermathy(m): 11:06am On Nov 16, 2016
Raskasal:
Hear this today incase you haven't heard, but I MMM isn't a bank. How can it then be a Bank? Anybody that doubt the integrity of MMM should tell me how a cooperative work. And if govt must ban MMM, they must ban cooperative too. Because these people in the name of helping the less privilege raise money still rake money from them. I guess that's what's paining them. But mmm rocks and will rock till eternity

A cooperative doesn't give you 30%. They loan you money that you have put in over the time and you will still pay any excess given to you.

My issue with MMM is simple. No one knows who is behind it in Nigeria, who operates the servers, how it's staff are paid, whether the accounts of those receiving money sometimes are real or phantom,whether your money is being used to sponsor illegal rackets, etc etc.

Once questions are too much, my instincts tell me to backoff. Ive met many people preaching MMM to me because they want 7% bonus but none has been able to answer my questions. For MMM to survive, at least for now, they need as many people as they can get and that is why they invest so much in getting new members.

Others can invest or do what they wilt with their money but I won't let myself or my family members fall for this ponzi scheme.

Government's attempt to disband MMM is making more and more people aware of it. They should just let it die a natural death. Nigerians are very lazy and will not listen. Some even have very interesting conspiracy theories concerning MMM and the government already.

5 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:06am On Nov 16, 2016
Useless government. Who dem epp? Meanwhile, mmm is putting smiles on my/our faces. Those who refuse joining mmm will as a matter of time regret not joining earlier enough. Keep wishing mmm death while we keep getting paid.

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by donmanuel1: 11:06am On Nov 16, 2016
I just provided help of 1m nw...the Yuletide season is near...oloshi efcc and fg continue investigating while my money pile up...A proud mavrodian...long live MMM

9 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by alaskido(m): 11:07am On Nov 16, 2016
This EFCC should leave our MMM alone o. They have enough work chasing the politicians that stole our National cake o. What is their problem self? Buhari has made a lot of Nigerians jobless and this MMM is like our only salary every month. All the promises APC made were fake. EFCC want make boys enter street protest for their head abi?

8 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by beautydutch(f): 11:07am On Nov 16, 2016
Frank3n2:
thank!!!
u welcome dear
Re: We Are Investigating MMM Ponzi Scheme — EFCC by 9jaflave: 11:09am On Nov 16, 2016
If only the government knows the calibre and diversity of people who put their money in MMM...
I personally know a Lt. Col. and a bank branch manager who put money in MMM!

9 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by kbitss(f): 11:10am On Nov 16, 2016
Sit down there and keep dulling yourself.

This life is a risk.

How many of you heard about Savannah bank, millions of naira went down the drain. So many banks have collapsed in the past.

In the past one of this scheme called WET SOLUTION came onboard, i know of someone who later became a guru in FOREX and owns a private school in Ibadan, Oyo state. It is rumoured that he made his first million from the scheme, the choice is yours .

NOTE THESE WORDS: OPPORTUNITY, POVERTY, FREEDOM, RICHES, RISK, SMARTNESS.

5 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by alaskido(m): 11:10am On Nov 16, 2016
Please leave our MMM for us o. It is our money. If we loose it, it is our own business and not the business of EFCC. If we check well some EFCC staff are also members of MMM. So what is this man talking about. My friend I beg go part well and free us.

5 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by holatin(m): 11:10am On Nov 16, 2016
LadyAimy:
You don convert ?
ow mosque is headed by a pastor
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:10am On Nov 16, 2016
dimeji1:
Last time I check lindaikeji has never promoted news like this rather she is encouraging other scheme similar to MMM. http://www.lindaikejisblog.com/2016/11/cryptocurrency-bitcoin-five2btc-wealth.html#more.
MOD enough of this anti MMM news jare. Look for post on Jobs, investment and education to post more often than snake and MMM.
Thank you


Seun and his useless moderators are so jobless and blind such that it's only news that portray mmm in negative side that they rush to push to the frontpage. Very foolish of them. Idiotic fools!!!

11 Likes 2 Shares

Re: We Are Investigating MMM Ponzi Scheme — EFCC by eplanning: 11:11am On Nov 16, 2016
alizma:

I think you should also tell us the other side of it, I mean how much help you have provided within the period that you receive these respective amount and how much you have cashed out then we can know whether you are making profit or not.
besides, since the money you paid is not being invested in a profitable business, is it not reasonable to ask yourself where is the so call 30% increase is coming from, who is paying those that works day and night to keep d system out of crash and ensure smooth transitions? MMM is a build up of debt that will certainly crash someday, some people would have make enough money and quite while others will not be that lucky but the government is looking at the effect on everyone.
HOW DOES MMM GENERATE THEIR OWN MONEY

One pertinent question people always ask is “How does MMM make their own money? Since they don’t touch participants’ money, how then do they make money to, at least, maintain their web presence? etc”

The answer is simple. GOOGLE PAYS MMM

But then, the internet-savvy guys amongst us will ask, “But MMM doesn’t advertise Google products on their website, how then is it possible?”

MMM leverages on Google products for almost all of its campaigns and awareness, and Google appreciate them handsomely for that. Let me itemize:

✅ MMM exclusively uses Google forms to capture the details of applicants for positions in the community, such as Guiders, consultants, promoters, advertisers etc.

✅ A staggering number of prospective guiders are trained every month across the various countries MMM is in, and they make use of almost only Google products to execute their tasks, such as Google sheets, Google slides, Google docs etc.

They kind of help Google increase the repertoire of information they can present to its users/searchers

✅ This is, perhaps, the most significant source of income for MMM

YOUTUBE! (owned by Google)

If you already have an account with MMM, kindly go to the News section of your account. You should notice that MMM recommends, on the average, 4 Community Development Tasks for its participants. And at least one of these tasks requires creating an awareness video. Imagine just one fourth of the over 2million participants in Nigeria alone (not considering other countries oo) executing this task!!??

That’s not all oo..

Participants are financially incentivized when they create nice video testimonials about MMM after Gotten Helped.

Now, what does MMM do with all these videos? They upload it on YouTube. You will definitely agree with me that Youtube is awash with videos about MMM. And what does Youtube do with them? They monetize it!

What does that mean? YouTube knows that MMM, being the rave of the moment will attract lots of viewers to its related videos. So they seize the opportunity to place ads in these videos so people can see them as they watch the video. So, advertisers pay YouTube for showcasing their adverts, and YouTube shares the profits with MMM.

It is these profits that are used to foot the financial implications of running MMM.

14 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by brobro: 11:15am On Nov 16, 2016
So MMM news has turned to the scoop week in week out; Without it no news. Please I think the media is realy let us down, instead of them to scrutinize the govrnment and do real investigating Journalism. Nairaland keeps promoting negetive news about MMM.
Let the people be.

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by richylee(m): 11:17am On Nov 16, 2016
ekanDamie:
if MMM finally crashes. Nairaland mods will be so overjoyed.
I wonder how the hate for how other people wish to spend dier money dey pain una
How sure are you that the Nairaland mods will be overjoyed. Those moderator self they do MMM. They are just trying to be skeptical with there job.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by munas: 11:17am On Nov 16, 2016
joey150:
Why is that those that are not doing this MMM are so pained and just want it to crash.just so that they are vindicated.

Is it that you dont like how others make 30%? You have an option to join or not.. If you choose not to join why bad mouth your neighbour that wants to join?

People are seriously just waiting to laugh at their friends and colleagues when they loose money or hear that their dream of mmm crashing has come true.

Why are people this wicked? I hate this country sha. Heart blacker than wande coal's ass.

In other news

Those that always end their post with i am not in mmm after stylishly praising it, i can assure you that they just PH today grin

They are not pained...they only know that it must surely crash.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Lilimax(f): 11:18am On Nov 16, 2016
azeecoboy:
[b]Copied: The Monkey Money Madness! (MMM) Once upon a time in a village, a man appeared and announced that he would buy monkeys for N100 each. The villagers seeing that there were so many monkeys around, went out to the forest and started catching them. The man bought thousands at N100 and as supply started to diminish, the villagers stopped their efforts. He further announced that he would now buy at N200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished and people started going back to their farms. The offer rate increased to N250 but the supply of monkeys became so little that it took much effort to even see a monkey, let alone catch one. The man now announced that he would buy monkeys at N500! However, since he had to go to the city on some business, his assistant would now buy on his behalf. In the absence of the man, his assistant told the villagers: ''Look at all these monkeys in the big cage that my OGA has bought from you, I will sell them to you at N350 and when my OGA returns from the city, you can sell it to him at N500''. The villagers squeezed out all their HARD EARNED savings and bought all the monkeys. The most greedy ones among them even sold their lands to purchase many MONKEYS, hoping to make a huge profit without labor. Then... They never saw the man or his assistant. Only monkeys everywhere! Remember the last offer was 250 and he has sold all the monkeys back to the villagers at the rate of 350. Now who is loosing? MMM patrons, be warned doomsday is near. Welcome to # MMM.The world of Monkeys![/b]
All these opata to discourage people from MMM undecided?
You get time be that! smiley

4 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 11:18am On Nov 16, 2016
I think nairaland has become more useless by the day. I keep wondering what brings me here. The useless site/forum cannot focus on something important, same as the useless man who raised the. motion in the house. We are already addicted to mmm and none of their threat will make us quit. If mmm wants to crash, let's all crash together.

5 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 11:19am On Nov 16, 2016
TonyeBarcanista:
Government trying so hard to kill MMM but participants ain't buying the crap. One thing about MMM guys is that they are determined irrespective of government's position. we must give it to them

Lol. See this participant trying to act intelligent.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by anigbajumo(m): 11:20am On Nov 16, 2016
Godshand:


Seun and his useless moderators are so jobless and blind such that it's only news that portray mmm in negative side that they rush to push to the frontpage. Very foolish of them. Idiotic fools!!!



Sincerely seun nd his moderators are discouraging mmm participants,wen the hon speaker tweets about mmm nd the DSS made it know last week that they are not after anybody coz mmm has not defrauded anybody we don't see the topic on Front page but reverse is the case today,they quickly push it to front page.

Seun nd co are enemy of progress,tell me your joy if mmm crash today??

Shameless people.

7 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by glossy6(f): 11:20am On Nov 16, 2016
Xano:
MMM is more like shuffling/transferring money from one account to the other. No investment, just random money transfers. After a month, 30% increase of another person's money; another instruction to transfer to another. 7% commission for referral.
Funny scheme

Exactly!
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Newmanluckyman(m): 11:21am On Nov 16, 2016
... The only way for government to kill MMM is to provide alternative employment opportunities for its citizenry. Aside that the govt "is pouring water into a moving truck that's carrying heap of Sands".

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nemesis99(m): 11:22am On Nov 16, 2016
I am waiting for who dares say I'm under arrest. Na that time i go pour recession anger out.

This MMM is a scam jare... But its the kinda scam i want to be scammed

11 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by dicksonadams(m): 11:23am On Nov 16, 2016
Omo EFCC fit dey view this thread so oh, omo make man pickin dey careful
Re: We Are Investigating MMM Ponzi Scheme — EFCC by vicben27(m): 11:23am On Nov 16, 2016
progress69:


Look here, not only EFFCC investigating this poo. Intelligence agencies around the world are running their investigations the way they do to drug cartels. They don't just strike, like DSS and EFCC then start investigating after arrest, they do their home work well, cos when they strike, they kill it once and forall and they dont care how many people hang themselves or get hurt as a result. No sane government will keep watching MMM. Mark my words.
keep waitin for d system to b short down or crash! while we keep makin our money! yeye dy smell

6 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by odogwubiafra: 11:23am On Nov 16, 2016
otukpo:
Even as all these investigations are going on, some people are still paying money into this MMM scheme.

Better put, people are providing and at same time, getting help.

If you do not understand how it works, ask questions.

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Shygirl1989(f): 11:25am On Nov 16, 2016
alizma:

I think you should also tell us the other side of it, I mean how much help you have provided within the period that you receive these respective amount and how much you have cashed out then we can know whether you are making profit or not.
besides, since the money you paid is not being invested in a profitable business, is it not reasonable to ask yourself where is the so call 30% increase is coming from, who is paying those that works day and night to keep d system out of crash and ensure smooth transitions? MMM is a build up of debt that will certainly crash someday, some people would have make enough money and quite while others will not be that lucky but the government is looking at the effect on everyone.
God bless you and your generation for saying this. I don't know why people don't think things through before rushing into it.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by PastorAji(m): 11:26am On Nov 16, 2016
richidinho:
See the man here
that useless arzhole? Goons in Ibadan has vowed that he shouldn't step his foot in Ibadan

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by vickuzzy(m): 11:29am On Nov 16, 2016

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