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Nairaland Forum / Nairaland / General / Business / We Are Investigating MMM Ponzi Scheme — EFCC (61526 Views)
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Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:26pm On Nov 16, 2016 |
linusbnn:See reasons why they're fighting against mmm 1. They have stakes in most banks and so most persons would pool their fund into such scheme at the expense of banks. If this trend continue most banks may crash 2. The scheme is tax free and so it's making huge profit indirectly from Nigeria so it should be subject to tax Those senators are only concern about the effect that it would yield to them should the scheme strive. Disclaimer: these are my personal opinion of why the parliament are against such scheme 2 Likes |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by samdelaw(m): 1:28pm On Nov 16, 2016 |
Hey guys, I have a problem. I have ghed from my po since yesterday but I haven't been matched. Can it be because I edited my account name by writing it in full? Need urgent help guys |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by iamkingzlee(m): 1:28pm On Nov 16, 2016 |
princeofpeace22:Did i hear you say guider?? Haaa! I fall for you sah! You have tey, my man! 2 Likes
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Re: We Are Investigating MMM Ponzi Scheme — EFCC by abbey621(m): 1:33pm On Nov 16, 2016 |
eplanning: Which help are you providing? Provide help= lending out your money get help= taking another person's money (borrowing). The only difference between MMM and the bank is that MMM acts as the intermediary. |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by amukejk: 1:33pm On Nov 16, 2016 |
I CAN JUST SEE THE HEADLINE ON DAILYS, EFCC MOVE TO STOP MMM, nairaland and all these paid blog should please leave MMM alone, it's a form of cooperative , it just happened to have a national reach, even loans from get cooperative get interest, it's my money and I decide to SET IT ABLAZE if want 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:34pm On Nov 16, 2016 |
iamkingzlee: We have to hit it hard brother 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by amukejk: 1:36pm On Nov 16, 2016 |
even market women do ASUSU which is a form of MMM, you see the idea has been here since, it only just expanded to a wider reach 2 Likes |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:38pm On Nov 16, 2016 |
samdelaw:exactly that was the reason simply contact your guider that is why guider is good don't just go and register mmm because you know the site. |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by unitysheart(m): 1:38pm On Nov 16, 2016 |
tafrica: I got paid 46k on Monday. My dad got paid 120k and my cousin got the same. I'm sure to make about 50k again this week. I was able to offset some loans I took with my earnings. Make any government tell me say this thing no dey work make I send thunder come fire them. 2 Likes |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by samdelaw(m): 1:44pm On Nov 16, 2016 |
princeofpeace22:thanks I'll contact him now |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by MayhorE(m): 1:44pm On Nov 16, 2016 |
make this people no spoil market o, na this thing some Nigerians dey use calm recession down o 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by CharlieMaria(m): 1:45pm On Nov 16, 2016 |
progress69:Pls what is wrong with MMM? 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:46pm On Nov 16, 2016 |
samdelaw:better |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by LivingBetter: 1:49pm On Nov 16, 2016 |
dipoolowoo: I said it on nairaland yesterday that though I am not a participant of MMM but the way the government is hyping this MMM shows that there is more to what meet the eyes. OP seems to be on the side of those who wants MMM Nigeria down at all cost irrespective of what participants claimed that they are benefiting. Gbenga of AIT Focus Nigeria said why should the house of reps waste so much valuable time to discuss( or do I say promoting) MMM Nigeria when the website placed a warning that participants should use only their spare money,' it is not a caveat to would be participants'( in his own words). Op pls change the thread to 'efcc says house of reps resolution on MMM is a public announcement' as contained in one of the paragraphs. God bless Nigeria 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by oluwashedy: 1:54pm On Nov 16, 2016 |
Could this be the reason why those matched to pay me 20k and 14k respectively are refusing to pay? I doubt. Waiting to be matched with another participant jare 2 Likes |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by ewosk: 2:00pm On Nov 16, 2016 |
[size=16pt]That is Great ooo They should investigate MMM But those House of Reps members and EFCC operatives trying to investigate it should come and register under me.... [/size] 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by ewosk: 2:04pm On Nov 16, 2016 |
holatin: Is your Pastor a participant of MMM?? Because many pastors are now Guiders ooo... Offering money nor dey freak dem again |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Ayinke93(f): 2:05pm On Nov 16, 2016 |
Bloody morons won't mind thier own business. Who government help, awon werey..... Long live MMM!!!! MMM till i quench 2 Likes |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by samdelaw(m): 2:08pm On Nov 16, 2016 |
Couldn't get to him princeofpeace22: |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by samdelaw(m): 2:09pm On Nov 16, 2016 |
princeofpeace22:couldn't get to him |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Laid2001: 2:10pm On Nov 16, 2016 |
For those interested in knowing where they will end with their MMM program, below is the Wikipedia page about MMM and what has become of the original patrons from the origin country of Russia and other countries. The same end is inevitable for those patronizing this scammers in Nigeria. https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) 1 Like 1 Share |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by one4GOD(f): 2:16pm On Nov 16, 2016 |
omowolewa:A lady in my office whose husband works with EFCC told me that her husband's new found love is MMM. How does one explain this to the FGN. 3 Likes |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 2:18pm On Nov 16, 2016 |
Laid2001: Till then, we will keep helping out one another through the MMM scheme. If you're not a participant, just leave us alone. The world will soon end; we've told that statement for centuries. One of my downlines just gave out ONE MILLION last Friday. 4 Likes
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Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 2:23pm On Nov 16, 2016 |
samdelaw:write to cro explaining what happen as you earlier explained to me send it with a snap photo of yourself holding an identity card and a closer image of the identity card bearing your full name . Then send. Your problem will be solved at once. |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by nurez305(m): 2:33pm On Nov 16, 2016 |
kamcygirl:scam 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by 4peace(m): 2:40pm On Nov 16, 2016 |
asuustrike2009: Can elaborate more on bold highlight? |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Eagle360(m): 2:41pm On Nov 16, 2016 |
*The MYSTIFIED 30% How to Understand It* *As told By Guider Darlingcashflows* 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 request to use ur 1million for biz Same bank charge him 35% He agreed Went to do biz wt ur money And make profit Pays d bank Ur 1million +35% At d end of d year U came and collect 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 bizness men And make lots of money to pay d staff And enrich his life What happen to u d depositor.U get Nothing Not even 1% of ur deposit. Now MMM says No.Because of this unfair financial system.Sergie Mavrodi,Thought it necessary to look at d financial system and realized that, Banks survive because of the continues deposit and withdrawal of cash,At different intervals And because of the population of people who have an account wt d 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 crowding funding enable 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 dey 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 flouish 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 u guys getting where am heading to?. because people deposit at different times Banks lives on .because people PH in MMM different times. MMM lives on because people wifhdraw in bank 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 u 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 its our responsibility to keep this community strong thru regular PH and GH. The same principle Holds Bank and other financial bodies. *Guider Darlingcashflows* 5 Likes 1 Share |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by jsheng(m): 2:43pm On Nov 16, 2016 |
I just Provide help now now |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by basadenet: 2:51pm On Nov 16, 2016 |
I wouldn't be surprised to find some of efcc operatives and house members put their money into this MMM scheme. so who is fooling who? |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by 4peace(m): 2:55pm On Nov 16, 2016 |
Eagle360: Upon all you still use bank 1 Like |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by eplanning: 2:57pm On Nov 16, 2016 |
abbey621: In MNM once you get the money you are free to go but not so with the banks... They come after you for their money. |
Re: We Are Investigating MMM Ponzi Scheme — EFCC by ogahug: 3:02pm On Nov 16, 2016 |
alizma:SINCE YOU WANT TO KNOW MORE SO THAT YOU CAN JOIN/SUPPORT US, I PROVIDED HELP OF 200000NGN AND I GOT HELP OF 283000NGN. BY THURSDAY, I WILL GET ANOTHER HELP OF OVER 200000NGN FROM 150000NGN. To join us register at http:///holjhbe OR https:///xrDshP and we can start from there. I wish to inform you if you do not know, some of the mmm participants are from EFCC, police, army, navy, banks, legislators, politicians, etc. By the way, do you know my profession? 2 Likes |
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