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MMM Blocks Withdrawal Of Funds For One Month! - Investment (16) - Nairaland

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Re: MMM Blocks Withdrawal Of Funds For One Month! by UjSizzle(f): 9:59am On Dec 13, 2016
priceaction:

That is exactly what is happening. I don't want to br deceived that there is no central account. There are main admni team that are behind the website. They can match anyone with another person. What if they create multiple fake gh and randomly make people to pay huge amount into those accounts? No address and anyone to call if it freezes just normal "hope".

I have been telling my friends convincing me to join. You don't know how ponzi scheme works. Then to make the matter worst, many Nigerians are greedy, not trustworthy, i learnt that many uploaded fake tellers and the like.
With the experience i have in online businesses, I have invested in e- publishings as a vendor, affiliates, adsense, fx tradings, article writing and the likes, made many thousands of dollars in them all together for years, I never for once do pyramid schemes for a day. People will not research well and choose wisely, everyone wants quick money. One should know the type of risks you want to take and how they want to take it. If am part of the first set of people that did mmm ,I would have stopped after few months, but since it is not in my character do participate in Ponzi scheme, I have to think twice.
I have called 2 of my friends that wanted me to join this morning. They sound very cold and I even thought they were sleeping, but they were on the road. They sound tired and felt like weeping on phone because one just provided help about 2weeks ago of almost 500k , and he kept increasing his pH in other to get massive ghgh and waiting for his turn until this happen. Also the other one refused to tell me how much is stuck. I hope all will be well with them because this can cause major Health issues in the long run as an seeing this. Ponzi scheme for me? Never
Oh that's sad. Maybe if they can at least explain why accounts have been frozen this month, people will not panic so much.

5 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by UjSizzle(f): 10:00am On Dec 13, 2016
obayaya:


You don't know? but they will get paid?

That sounds like "I hope they get paid" grin

How are you doing Uju?
I hope they get paid grin

I'm fine, thank you smiley
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 10:00am On Dec 13, 2016
galek:
*NOW* Let's remember our safety nets whc we av always sensitized ourselves abt...


MMM has over 10 safety nets which will never make it crash. And you Never notice But I will mention 10 out of them.

*1, Pause mode*

*2, 14 days defrost*

*3, Extension of the getting help hours*

*4, Seeking help from neighboring country*

*5, No central account attached*

*7,  Peer to peer  system*

*8,  Guider's efforts*

*9   PH match hours extension*

*10, Website upgrades and security*


*1, Pause mode*

This process is applied when the numbers of the people getting help is greater than the people help. The system will pause the GH transactions and allow more PH to come into the system for the duration of 2 and half months, then the system will now restart.

PH means provide help and the GH means get help


*2, 14 days defrost*

The participants will not be able to withdraw their money until after 14 days when the payments have been confirmed. During this process, more PH would have come into the system therefore there would be pool of cash to pay the old participants.


*3, Extension of GH hours*

this occur when there is a public holidays when the banks are not working therefore,  there won't be transaction and it may cause the problem to the system. The system will now extend the hours of the people who are getting help at that period to allow more People providing help into the system.


*4, Help seeking from neighboring country*

When there are more GH than PH in a country, MMM will look into the other countries which are doing well and match them together, pending the time that the affected country will be OK.


*6, No central account attached*

MMM  does not have a certain account that we are sending to. MMM doesn't collect your money.


*7, Peer to peer system*

Participants pay directly to the bank account of the other participants seeking help


*8, Guider's efforts*

Guiders are the heartbeat of MMM, guiders make sure each and everyone in MMM understand the Ideology of MMM and how it works


*9, PH  match hours extension*

When the system finds out that there are more GH than PH,  the system will extend the hour of old PH so that to hold down their order matches duration and during this period, the system will allow more new PH to come into the system to get it balanced.


*10, Website upgrades and security*

MMM spends million of dollars in taking care of their website to cub online fraud in MMM, such as scam and other Threats.

FOR THE GOOD OF ALL OF US

MMM keeps putting measures in place to ensure the sustainability of the system but as with every system run be people the sustainability of MMM Nigeria will depend on the attitude of its participants. If we begin to act in greed, try to cheat the system and make the community vulnerable to fraudsters then we will eventually be at a loss.
There has been no case of activation of pause mode or restart since the start of the current phase of MMM in all the countries MMM had been in before it got to Nigeria and our case should not be different.
I learnt people are opening multiple accounts and devising means of cheating the community and playing smart. We will only be the once who will lose and prove the doubters right.
I need not remind us that it's against the rules of MMM and when detected all your accounts will be blocked.
It's our collective responsibilities as participants and guiders to protect the community, control our down lines and ensure everyone plays by the rules.
If MMM stands the test of time , it will be our doing and if it fails tomorrow it will also be our doing. If you want referral bonus please go out and register new participants and refrain from multiple accounts and fraudulent adventures; Nigeria is big enough for all of us.
Long Live MMM NIGERIA

READ WITH AN OPEN MIND, NOT WITH HATRED AND BIASE.. Godwin

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by onatisi(m): 10:01am On Dec 13, 2016
EngrKUNLE:
so who's going to provide help to those expecting money this week?
you.

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 10:02am On Dec 13, 2016
Dexcmd:
To me this is a nice decision, boodly written PH with the money you can avoid to lose.

If they don't People would get exorbitant GH this Christmas and there wouldn't be corresponding PH to equate the GH amount. Then would create more panic than this.

Nevertheless I'm to PH this morning, and I'm not even discouraged.
Some of you fail to take cognisance of the little details, hence arming yourself ignorantly. No offence. Have you ever thought about what this really means? Don't you think this is just a form of delay tactics?

Now lets reason together... If let's say, 1000 participants were to GH this period, and due to the number (rather overwhelming) you decide to freeze their accounts in order to save the system from crashing (albeit this is inevitable one day), what do you think will happen in January where the supposed 1000 participants, plus other new ones whose monies would have riped overtime get to GH all at once? Don't you think the same thing they are afraid of for freezing accounts is the same fate that will meet them come January? Have a rethink of this whole thingy and see if it makes utmost sense.

By th3 expiration in January, everyone would wanna GH, then who would PH? Now take into account the fact that prospective participants who will wanna PH will be wary, and hence will wanna wait for the peeps GHing to be cleared first. And if these people who were to PH decide to wait for the GH peeps to get their money, who then will pay the GH participants? I don't know if you catch my drift. So if you ask me, I would say it's a disaster waiting to happen.

Typing can be frustrating sometimes. I wish this were a live forum where one can get to explain this hook, line and sinker.

17 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by Okeikpu(m): 10:02am On Dec 13, 2016
Mavro is an offensive word towards blacks in Greek land
I wonder y they use it as....
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 10:02am On Dec 13, 2016
Chekitaut:
Hmmm laughing in Russian way
the same way you laughed last year but put to shame in january.
Re: MMM Blocks Withdrawal Of Funds For One Month! by SilaV: 10:02am On Dec 13, 2016
SilaV:
I sincerely do not want MMM to crash; not because I have any money in it, but I believe it has helped a couple of guys that joined early in some ways.The ONLY WAY MMM can bounce back is to use this technique that one of the similar communities is using.The technique is that you MUST PH for the SECOND TIME before being allowed to GH for your first PH ;and this second PH you are to make must not be less than the first PH you made. With this system in place, there will always be money available for every potential participant that will want to GH. Also, there won't be anything like people making panicking withdrawal because there is the trust that the last person that GHep also has money relaunched into the system.What this means is that anyone that feels like withdrawing his/her membership will still leave money into the system to cater for those that are to GH.I believe if MMM can implement this, the system will be on ground for a very long time.The only sacrifice those whose money is frozen now is to provide another help get in order to get their money back and let the system continues.If this is not done, no sane person will provide the help you need in January because it is evident that you will run away after being able to "survive" the heat.The Guilders and managers of MMM should take note of this information and implement it if they want a sustainable system next year.

For the very last time, I am re-posting this.
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 10:03am On Dec 13, 2016
Secrets11:
I can see that Seun and Co enjoys the spread of bad news to the public to create traffics for their own selfish reasons...Some days ago I posted an open letter from Mavrodi but that articles was closed right away...Now you see this and push it to the front page just to cause panic amongst the participants...This is stupid of whoever is responsible for FP materials....MMM is here to stay for good and it is helping a lot of youths that even you ( Seun n Co) can't help.
See how Nigerian youth is thinking. Smh. FYI, no body, I mean no single government policies or forum like this can block the scheme if it is genuine. Government is not even interested in blocking it, if they are ready to block it, all they need to do is to freeze the webpage and that's all. Don't blame seun and the mods, blame greedy people within you who are after uploading fake tellers and blame the organizers that create pseudo get help accounts and blame all of you that didn't see it coming because you didn't dig down to the past and see how the past schemes were handled.
By the way, Hope you are not part of those who borrow thousands or millions to invest in the scheme?

5 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Yyeske(m): 10:03am On Dec 13, 2016
EngrKUNLE:
so who's going to provide help to those expecting money this week?
Me
Re: MMM Blocks Withdrawal Of Funds For One Month! by Setaje(f): 10:04am On Dec 13, 2016
onatisi:

Even last week,I still religiously typed the address just to see if I will just see anything new. Since then if I hear anything money doubling,I instantly double my steps and run


Hahahhahahaha!!!! My dear experience is the best teacher for some..if truly this one has crashed, in the next 4 years a new one will come. I don't understand why this schemes thrive every time they come out despite their very bad an publicised end. It shows humans beings like doing the same thing and expect different results.

2 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by EniHolar(f): 10:06am On Dec 13, 2016
Photoshoot.. . Please help us create a comic relief titled "PICTURES MMM PARTICIPANTS CAN RELATE TO".

grin grin grin

7 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 10:07am On Dec 13, 2016
Seriousboy:

If you are not benefit from this one, others are benefiting from it big time.

#TakeRisk
#FearMustDie



Make una dey console una selves.


Mmm owner be like

12 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by markpenk: 10:08am On Dec 13, 2016
I hope not too, but it's likely that's what's happening. And if it is, it makes complete sense as the founder of the Nigerian MMM will remit a certain percentage to Mavrodi himself as royalty or payment for using his "franchise"... If that's the case, it would be pretty brilliant.

Please don't hate me folks, I'm just thinking here.
epistleNow:


That there is a script, hopefully not played out.

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 10:08am On Dec 13, 2016
Joephat:
Suicide things on my humble mind..


how do I commit suicide without killing myself?

I don borrow money run this poo and to pay bk na problem bcz the owner of d money wan use em for Xmas.... goodnight nairalander
I volunteer to buy anything needed to aid the course.cheesy

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Panshow(m): 10:09am On Dec 13, 2016
fratermathy:


Of course I WILL.

The world will be better if only people talked more.

We complain about government and her policies. We say the economy is bad.

Instead of looking for proper investments to boost the economy such as going into agriculture, opening shops, setting up small/medium enterprises, some of us will take money and dash MMM in the name of free 30%! Where on earth does that happen? Even in the most liberal of societies, nobody dashes you even 10% of your savings in 1 MONTH except you are doing a legitimate business!

If you want to provide help, do so to the millions of suffering children in the country!

If you want to get help, invest in tangible and legitimate businesses or write a proposal and send to sponsors!

That is how forward thinking persons live their life.
Bros you're really making my day. I hope they learn some lessons from this.

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by onatisi(m): 10:09am On Dec 13, 2016
Nigerians never learn,a similar thing to happened before during the time of pennywise network and co,when many so called ponzi networks were paying ppl 3-4,times the amount within 2-3 weeks. There was one then that opened in ibadan at cocoa house,they had their office maybe the 10th floor or so I cant remember,many ppl were trooping yo them because they promised 4x in 2 weeks. All of us had to use the steps because the elevator wasn't working ,we were all sweating profusely then someone said something which triggered my brain. He said we are the ones chasing after these ppl to collect money from us oo,that they have avoided us enough if they run away with our money we should blame ourselves. Nobody talk me before I change direction. Truly the network collapsed 2weeks after

9 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by Setaje(f): 10:09am On Dec 13, 2016
tosyne2much:
Are you also an MMM participant? cool


Emi ke!!! Am not oooo. I don't have that kind of liver. If I loose 5k I will cry like a baby not to talk of putting a huge sum...

1 Like 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by dxdiag(m): 10:09am On Dec 13, 2016
Am suppose to GH today, but why?

Re: MMM Blocks Withdrawal Of Funds For One Month! by progress69: 10:10am On Dec 13, 2016
datovid:


recoup what please?Is any 1 paying to a central account...If you dont understand how it works,keep quiet abeg

Lol. No Ponzi scheme will play old tactics of Central account in this century. All they need is proxy accounts created by them and foot soldiers to be matched up with u. Many of those acco have never provided help before and off course u won't know cos the admin controls it and make u see what u should see grin

9 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Guyman02: 10:10am On Dec 13, 2016
Moblord:
yeah that's what the media wants If the participants panic and stop
providing help, they got us. But if we refuse to
panic, they lose.

I can feel the panic in your voice grin
Relax, go out and take a cold beer as anything can happen, thats life for you; and as the Boy Scout Motto says 'Be Prepared'
Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 10:11am On Dec 13, 2016
ddippset:
lol. my brother its just 1 week now. I was hoping after like 15 days they would resolve it, but this one wey de happen now, I nor know again o.
E happen to me too.cheesy

I stayed for 1 full month before them remove the temporary moratorium.
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 10:11am On Dec 13, 2016
Pureheart91:



MMM S/A. Came back on my dear. It never crashed.

It did smiley

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by xynerise: 10:11am On Dec 13, 2016
Apparently, freezing accounts is the best they could do to sustain the system. Nigerians can spend very well on Xmas season but at least this was the reason most people participated in the scheme.

MMM could still be alive though....what is dead may never die grin

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by BrainnewsNg(f): 10:11am On Dec 13, 2016
Benoxvals:
This will even cause more panic..anyway,there are warnings that this day will come.

Good for them
Re: MMM Blocks Withdrawal Of Funds For One Month! by markpenk: 10:11am On Dec 13, 2016
Don't forget remittances to Mavrodi/the Russian cartel in the form of royalties for the use of their "franchise"
priceaction:

That is exactly what is happening. I don't want to br deceived that there is no central account. There are main admni team that are behind the website. They can match anyone with another person. What if they create multiple fake gh and randomly make people to pay huge amount into those accounts? No address and anyone to call if it freezes just normal "hope".

I have been telling my friends convincing me to join. You don't know how ponzi scheme works. Then to make the matter worst, many Nigerians are greedy, not trustworthy, i learnt that many uploaded fake tellers and the like.
With the experience i have in online businesses, I have invested in e- publishings as a vendor, affiliates, adsense, fx tradings, article writing and the likes, made many thousands of dollars in them all together for years, I never for once do pyramid schemes for a day. People will not research well and choose wisely, everyone wants quick money. One should know the type of risks you want to take and how they want to take it. If am part of the first set of people that did mmm ,I would have stopped after few months, but since it is not in my character do participate in Ponzi scheme, I have to think twice.
I have called 2 of my friends that wanted me to join this morning. They sound very cold and I even thought they were sleeping, but they were on the road. They sound tired and felt like weeping on phone because one just provided help about 2weeks ago of almost 500k , and he kept increasing his pH in other to get massive ghgh and waiting for his turn until this happen. Also the other one refused to tell me how much is stuck. I hope all will be well with them because this can cause major Health issues in the long run as an seeing this. Ponzi scheme for me? Never

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by MyVision2020: 10:12am On Dec 13, 2016
Moblord:
Nobody loses money in MMM. This will only affect some people's plan. even PH orders can't be matched since no gh

And u think after this (if not d end) people will rush to pay when matched! This is the worst step they'v taken! Giving ear to cheap media & FG who in no way can stop them.

1 Like 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by markpenk: 10:13am On Dec 13, 2016
Fact! That right there is most likely the ultimate aim of the scheme
progress69:


Lol. No Ponzi scheme will play old tactics of Central account in this century. All they need is proxy accounts created by them and foot soldiers to be matched up with u. Many of those acco have never provided help before and off course u won't know cos the admin controls it and make u see what u should see grin
Re: MMM Blocks Withdrawal Of Funds For One Month! by onatisi(m): 10:15am On Dec 13, 2016
Setaje:



Hahahhahahaha!!!! My dear experience is the best teacher for some..if truly this one has crashed, in the next 4 years a new one will come. I don't understand why this schemes thrive every time they come out despite their very bad an publicised end. It shows humans beings like doing the same thing and expect different results.
Sister,ppl will never learn from history and that is why history keep repeating itself. History only changes the actors ,the story and plot will always remain the same .

1 Like 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by Bobbyrobby1(m): 10:16am On Dec 13, 2016
let me go and open rope shop,cos I can see that people will soon need them to help there situation lolzzzzzzzzzzz #just joking# the say tin ultimate circler said,just remove mind my people,for me I'm hoping for the worse but praying for the best
Re: MMM Blocks Withdrawal Of Funds For One Month! by Mcanie: 10:16am On Dec 13, 2016
This MMM thing shows how Gullible Nigerians could be. no wonder politicians sees us as brainless bunch of followers and play us like football. NIGERIANS WAKE UP MMM DON DEY CRASH. THE 20 USD BONUS WAS JUST A PLOY TO GET MORE MONEY INTO THE SYSTEM BEFORE THE CRASH. WHY NOT PAUSE BEFORE ENTICING PEOPLE WITH 20USD? why now?
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 10:17am On Dec 13, 2016
Moblord:
yes of course because there's 20% bonus extra. is only those that don't understand the ideology that fear. Money cannot be lost in MMM, if Nigerians stopped providing help i can use Bitcoin to gh
how will you use bitcoin to get help?

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