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We Are Investigating MMM Ponzi Scheme — EFCC - Business (10) - Nairaland

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by Caleycash(m): 5:02pm On Nov 16, 2016
richidinho:
See the man here
See as him dey!! , very useless individual... please what's his name?

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by beautydutch(f): 5:10pm On Nov 16, 2016
AdisaOwala:


Haba...

Mrs Soyinka, see as you "de-shine" the bros for public sad
not that.. just corrected him. besides who know who for dis forum
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Kachimsicho: 5:21pm On Nov 16, 2016
EFCC again?
How do you investigate people that are out of your reach? You want to investigate an online platform that its server isn't even in your country?

Wake me when you round up the investigation. Waste our money from the time of Buhari regime.

My money, my investment, my life. How does it concern EFCC?

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by samdelaw(m): 5:29pm On Nov 16, 2016
skydeexie:


A resounding YES! Unlike the garbage some people are busy spewing here about the scheme, MMM has very strict rules that governs its internal operations. If you have edited information about your account details after pledging to provide help, the system will place you on temporary moratorium for 15days. Only after 15 days will the system match you again. You may create a ticket (complain) to Support team and tell them the system is not matching you for GH. They will give you the reason you are not being matched, but then you still have to wait for 15 days. On the other hand, you can add an account to your existing one but not edit the previous one. The only time you can edit your account is during the registration process.

Meanwhile for those who are worried shit about how or where MMM is getting the promised 30% for participants or how it's making money, my, this really beats me. Why are we even worried about that? People, Mavrodians! this is our own trade secret and we must guard it jealously. Every "business" organization has her trade secrets, do they flaunt it all over the place? Why must we tell the world?, we are not a company, we are a social financial network mutually agreeing to provide and give financial help to one another on the simple principle of goodwill and benevolence - can there be any law against this?

Divulging our internal operations is akin to asking the Coca-cola company to display the formula for Coke soda for everyone to see! If you are in doubt ask Pepsi-Cola, with all their years of trying to copy the formula - Coke is still distinctively Coke while Pepsi will ever remain the imitator. There are a million and one ways to make money on the internet and MMM is just one out of the million ways, so why concentrate on MMM only? If there is anything the unwarranted and unexpected publicity has done for MMM, it is only one thing - it has made us more determined and stronger. MMM pays and it lives forever!

Stop press people! Join me here if you want to register: http:///?i=treasure4tain@gmail.com
thanks boss

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by samdelaw(m): 5:30pm On Nov 16, 2016
DiiVictory:

yes is because u changed your account details. it happened to my roomie in school. you have to write to support to clarify is not fraud you want to carry out
thanks boss for the advise but I've written to support since yesterday but they haven't replied
Re: We Are Investigating MMM Ponzi Scheme — EFCC by uwemetok(m): 5:41pm On Nov 16, 2016
If MMM is wrong, then I don't wanna be right....

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by fm4real2k6(m): 5:44pm On Nov 16, 2016
If you don't do "local MMM" like me doesn't mean. But I will implore you to do MMM United. That make far more sense. Imagine 100% on your ROI.

Its is even through Bitcoin. And 1Bitcoin= $750 as at today.
That is kinda huge.

Register today here,



However, you can also invest in this HYIP(High yield investment programme), the return is amaizing. You can register here



Please do try to share this with your friends on whatsapp, let us shame the government that doesn't mean good for us, and let's take our prosperity in our own hands.

Yours,
Nigerian Helping Nigerian Team

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by francotorti(m): 5:54pm On Nov 16, 2016
why are dis pple stressing dia brains chasing MMM participants when dey should be busy fighting corruption and ending Boko haram.....Youths are busy helping each other, Govt are busy finding the participants.
When we wan get sense for this country..
Na dia money...
Abi d scheme says use ur spare money and donate and get help.....why border
I sent 200k and after 30days i receive 284k plus referral bonus, yet una say make we stop.
Enemies of progress...
At dis point, i think we are just suffering from greedy leaders and bad government bcus we dont wnt each other progress.
We know its RISKY, so why border
We know its not an investment, so why border
We know its an online give and take.....LEAVE AM FOR US GOVERNMENT AND EFCC
THE THUNDER WEY GO FIRE WHO WAN CRASH MMM STIL DEY DO PRESS UP FOR REDEMPTION CAMP I SWEAR. AND AFTER 3DAYS VIRGIL TRUST THE THUNDER GO UNLEASH WITH EARTHQUAKE

2 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by permanentgrace(m): 5:56pm On Nov 16, 2016
uwemetok:
If MMM is wrong, then I don't wanna be right....

Da, ame dia this mmm o. See referrals.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by francotorti(m): 5:56pm On Nov 16, 2016
uwemetok:
If MMM is wrong, then I don't wanna be right....
CHAI! BROS I ENVY U OOOO!
LONG LIVE MMM
MMM PAYS
TOGETHER WE CHANGE THE WORLD....





DIA FADA!

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by uwemetok(m): 6:02pm On Nov 16, 2016
Ejen Akwa Ibom spotted, abadie?
permanentgrace:


Da, ame dia this mmm o. See referrals.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by permanentgrace(m): 6:14pm On Nov 16, 2016
uwemetok:
Ejen Akwa Ibom spotted, abadie?

Ette, ami do o. This useless government no wan make we chop even with mmm. God pass them.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by vanshwerz: 6:25pm On Nov 16, 2016
Acidosis:
"However, he said the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder bank like MMM."




What a useless author



While at it, they should ensure that Baba Ijebu, Nairabet, Surebet, etc stop operations.



You should know that there's an agency that regulates lottery and sportbet, but that of MMM(Ponzi Scheme) I am not sure there's any. Please do yourself some goodness by looking up the word Ponzi.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by munas: 6:39pm On Nov 16, 2016
eplanning:

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.


You call yourself inter savvy and you typed this shit?

Your head needs to be examined.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by poweredcom(m): 6:42pm On Nov 16, 2016
even efcc wives n family members de do Mmm
wat an hypocrite

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by charlsecy(m): 6:42pm On Nov 16, 2016
Xano:
7% commission for referral
10%
Re: We Are Investigating MMM Ponzi Scheme — EFCC by ahmg001(m): 6:43pm 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.
ode poverty mentality.sumtyms I wonder dos Nigerians campaigning against mmm stays in DS country wea inflation rate is almost 18%.sumtyms I wonder who d biggest scam is between buhari dt promised us 5k since last yr nd mmm dt has neva defaulted on dea agreement

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by ahmg001(m): 6:49pm 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.
.it's only in naija dt poor people kip asking stupid question lyk d one u asked.wat is ur own in knowing wea d 30% comes from.put money nd get interest, nd if u re nt interested Bleep off nd remain in a situation wea u will av to complain abt bad government nd inflation in Nigeria. U beta wake up

2 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by linusbnn(m): 7:18pm On Nov 16, 2016
asuustrike2009:

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

You may not be far from the truth.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by linusbnn(m): 7:21pm On Nov 16, 2016
progress69:


Lol. Super clowns is what you pe embarassedople ae. Kindly explaon what exactly u are investing in? U call transfer of funds b/w participants investment. Plz school me.


Lecturer please face your work and forget about others

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 7:28pm On Nov 16, 2016
Bahahahahahahahahaha grin grin grin grin grin grin MMMM moti sweet o, EFCC woona no go keel persin fa
Re: We Are Investigating MMM Ponzi Scheme — EFCC by omowolewa: 7:29pm On Nov 16, 2016
Its good until its expires
mtngloetiartel:
see you. Not only that, your statement also show that mmm is an unpleasant scheme.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by charlsecy(m): 7:32pm On Nov 16, 2016
ColonelDrake:
The so called interest is coming from new entrants who would in turn want to get their own 30% from another person and the cycle continues till the scheme collapses.
Why not ask a well-informed participant about how MMM works? i am sure of one thing; you lack knowledge of that based on your poor comment.

abbey621:
What happens when people like Paul are no longer contributing to the system?
What happens when you as a seller have no customers?

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Gbengageorge: 7:34pm On Nov 16, 2016
richidinho:
See the man here

The only thing in his head is that useless beard he is keeping. Somebody should tell him to shut up. GBAM

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by abbey621(m): 7:41pm On Nov 16, 2016
charlsecy:
Why not ask a well-informed participant about how MMM works? i am sure of one thing; you lack knowledge of that based on your poor comment.

What happens when you as a seller have no customers?

Thanks for validating my point,the scheme collapses when participation decreases.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by dadebayo1(m): 7:43pm On Nov 16, 2016
richidinho:
See the man here

He has not moved a motion in the house about the plight of workers in the state and the bad state of roads in the state.. Workers in his constituency are owed over five months salary and the roads are very bad within the state but my honourable is bothered about how I spend my private funds.. When they refused to pay salary to workers do they expect workers to continue to die of hunger.. Mmm pays and that's why more people are willing to risk it all.. Voting them into power is a big risk we all took and they are the ones putting everyone at risk with the voodoo economic policy of try and error. I am tired of people including efcc using panadol for another person's headache.. Instead of investigating mmm they should investigate and jail all corrupt politicians who have stolen our collective wealth.. Let them investigate why states can't afford to pay salaries? Why the roads are filled with potholes? Why the hospitals are not functioning? Why billions voted for roads and phone have not yielded any positive result? Why there is no meaningless developments in local government despite all the huge funds voted for local governments? The list is endless... Mmm is not the reason why we are in recession and mmm is not illegal I don't know when giving help and receiving help turned to a big issue when inflation is at 18Percent.. .

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by kgr8mike(m): 7:45pm On Nov 16, 2016
If I loose my money is it their business? Will I come to them for help? Please these good for nothing house members should let me be. It is not their business in how I invest my money. My money belongs to me and not to any other.

1 Like 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 7:47pm On Nov 16, 2016
munas:


You call yourself inter savvy and you typed this shit?

Your head needs to be examined.
as in ehn. I tire for this clowns o.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by richidinho(m): 7:47pm On Nov 16, 2016
dadebayo1:


He has not moved a motion in the house about the plight of workers in the state and the bad state of roads in the state.. Workers in his constituency are owed over five months salary and the roads are very bad within the state but my honourable is bothered about how I spend my private funds.. When they refused to pay salary to workers do they expect workers to continue to die of hunger.. Mmm pays and that's why more people are willing to risk it all.. Voting them into power is a big risk we all took and they are the ones putting everyone at risk with the voodoo economic policy of try and error..
A very useless Honourable, see im biabia sef grin

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by charlsecy(m): 7:47pm On Nov 16, 2016
abbey621:
the scheme collapses when participation decreases.
No, you made no valid point. MMM is sustained by endless Provide Help and Get Help. The number of entrants is not particularly important provided those who are already participants PH and GH. MMM is in around 118 countries with over 200 million participants. Most of our enemies are not aware of that fact.

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by barofterror(m): 7:49pm On Nov 16, 2016
fratermathy:


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.
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