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MMM Blocks Withdrawal Of Funds For One Month! - Investment (20) - Nairaland

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Re: MMM Blocks Withdrawal Of Funds For One Month! by chinnyonwu(m): 11:45am On Dec 13, 2016
Rilwayne001:


Hehehe grin grin grin meanwhile this same step of freezing the account was exactly how they scammed people in south africa.

I tell you, you will cry your ass out for the rest of this month cheesy
Shocker. Ive quit MMM nigeria months ago. Im in United. Who's crying now.?

1 Like 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by Dove4Peace: 11:51am On Dec 13, 2016
[size=18pt]I DO ONLINE PROMO FOR BUSINESSES, POLITICIANS. WHO NEEDS MY HANDS AND BRAINS?

MEANWHILE, MAVRODI TILL 2019[/size]

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by UjSizzle(f): 11:51am On Dec 13, 2016
jaybee3:


You don invest Our money in MMM?
No, darling grin

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Chekitaut: 11:52am On Dec 13, 2016
BREAKING NEWS: 2 women died after they hard the admin news of frozen for 30days, age 43 and 57 at Abeokuta, Oja Kuto. God help us ooo.
Re: MMM Blocks Withdrawal Of Funds For One Month! by jollymizzle(m): 11:54am On Dec 13, 2016
epistleNow:


You sound so certain of your assertion.

Colliding with banks and all, that's looks like a grand theft scheme.
before nko. We are probably talking hundreds of millions if not billions raked from our ailing economy to be laundered abroad. They deceived people by the notion that they make their money from traffic. How many adverts have you seen on the site. People just think if you open a site it automatically makes money . sites make money through advertisement

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by wealthyhenry(m): 11:54am On Dec 13, 2016
CisconAvenger:


This was a very stupid move. 2 weeks to Christmas! They should have just extended the payments by one week but pay those whose money have stayed 30days.

tomorrow will be crazy.
Everyday is someone's 30th day...

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by willibounce1(m): 11:55am On Dec 13, 2016
Poverty and greed has finished so many Nigerian youths. Just look at the way some people are defending MMM. These people won't even defend Jesus or Muhammad like this...kikikiki. Na wa ooo. .. they are so phucking scared they don't want to hear the word crash.. you all were warned..

After all some idiots said they wouldn't lose anything if MMM should crash. Why then are they so worried and defending the crap.

I just hope say dead body no go surplus... MMM don give some people correct sanding...LMAO

10 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by PBundles(m): 11:57am On Dec 13, 2016
Sergei Mavrodi
From Wikipedia, the free encyclopedia

Sergey Mavrodi
Sergey Panteleevich Mavrodi (Russian: Серге́й Пантелеевич Мавроди; born August 11, 1955) is a Russian criminal and a former deputy of the State Duma. He is the founder of the МММ series of pyramid schemes. In 2007 Sergei Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).[1][2][3]


MMM activities[edit]
In 1989 he founded MMM.[4][5][6]

He was then elected to the State Duma,[6] thereby obtaining parliamentary immunity. Mavrodi declared MMM bankrupt on December 22, 1997, then disappeared, and was on the run until his arrest in 2003.[7]

In 1998 Mavrodi created Stock Generation,[8][9] allegedly a classic pyramid scheme presented as a "virtual stock market game".[1] The website ran from 1998 to early 2000. The Massachusetts district court initially found that U.S. Securities and Exchange Commission was unable to cite Stock Generation's founders and owners for securities violations. However, the United States Court of Appeals reversed this decision in 2001, concluding that the SEC alleged sufficient facts to state a triable claim.[10] In 2003 the SEC obtained permanent injunctions against SG Ltd. and relief defendants SG Perfect and SG Trading, which profited from the disbursement of funds fraudulently gained by SG Ltd.[11][12]

On April 28, 2007, a Moscow court sentenced him to four and a half years in a penal colony. The court also fined him 10,000 rubles ($390).[7]

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!"[13] Mavrodi said that his goal with MMM-2011 is to destroy the current financial system, which he considers unfair, which would allow something new to take its place. MMM-2011 was able to function openly as Ponzi schemes and financial pyramids are not illegal under Russian law.[14] In May 2012 he froze the operation and announced that there would be no more payouts.[15]

In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid.[16] He has also launched MMM in China.[17] He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.[14] As of September 2015 it had spread rapidly in South Africa with a claimed 1% per day or 30% per month interest rate scheme[18] and warnings from both the South African and Russian Communist Parties for people not to participate in it.[19] In early 2016, he continued the same model in Zimbabwe (the accounts were frozen in September 2016), and later, in Nigeria.[20]

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 11:57am On Dec 13, 2016
VOJA:


Who the heck cares about this your lies. . .?

People, if you think this guy is stylishly lying, click "LIKE"
See dis idiot, na me dey lie?
Re: MMM Blocks Withdrawal Of Funds For One Month! by DaBullIT(m): 11:58am On Dec 13, 2016
[size=28pt] LAFFFFF[b]HAHAHAHAHAHAHAHAHAHA

BWAHAHAHAHAHAHAHAHAH


HAHAHAHAHAHAHAHAHA

I TOLD YOU SO [/b]LAFFF[/size]
Re: MMM Blocks Withdrawal Of Funds For One Month! by Benoxvals(m): 12:00pm On Dec 13, 2016
BrainnewsNg:


Good for them

Do not derive joy from people's agony and pain.
I sympathize with them and with myself as well.

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Taystee: 12:01pm On Dec 13, 2016
What has a beginning, must surely have an end.
#FACT#

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Ajiswaggs(m): 12:02pm On Dec 13, 2016
For those who understand the system, what has happened is a temporary measure to save the system and saving the system is saving our money. If we are allowed to GH, by next week there may be no enough PH to pair the GH then the worst will happen.
This is a kind of caution taken to avert danger. So our mavros are safe.

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by onatisi(m): 12:02pm On Dec 13, 2016
dmcdad:

This guy abeg no use laff kee me na. Haba! cheesy
bros ,I will typing in that address just like the guy in the season film "lost" was pressing the button .i know one day the site go come back.
How malayisan guys go maga me ,lailai
Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 12:08pm On Dec 13, 2016
onatisi:
bros ,I will typing in that address just like the guy in the season film "lost" was pressing the button .i know one day the site go come back.
How malayisan guys go maga me ,lailai

Re: MMM Blocks Withdrawal Of Funds For One Month! by Ajiswaggs(m): 12:14pm On Dec 13, 2016
Chekitaut:
BREAKING NEWS: 2 women died after they hard the admin news of frozen for 30days, age 43 and 57 at Abeokuta, Oja Kuto. God help us ooo.
maybe is your mother better go and check

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by paddypower(m): 12:18pm On Dec 13, 2016
chyzoo4u:
No need to panic, things will normalize by January 2017
mennnnh say what so ever that makes you happy so u can go to sleep,e don crash e don crash!
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 12:22pm On Dec 13, 2016
awesome99:
Why do people pray for MMM to crash? ...

Around the world, mainly in Nigeria, MMM have helped thousands of people sustain a living.

Today, it entered a temporary #pause mode, and so many people and media will come out to make the masses panic the more.

Now let me ask..

* what do we do when people owing us tell us to give them one month to pay? WE WAIT!

* what do we do when our employer tell use he cant pay salary for 2 months due to accrued debts? WE WAIT!

* All the civil servants that the government have been owing for months, what do they do? THEY WAIT!

*what do ladies that are dating and the fiancee promised them next December, what do they do? THEY WAIT!

* all the campaign promised that are promised to us and is to be fulfilled, what are we doing? WE ARE WAITING!

* most of us spent millions to get a certificate in various schools, yet no job, what are we doing? WE ARE WAITING!

THE COUNTRY HAVE TRAINED US TO ALWAYS WAIT.

Most of us have made 5 × of what we started with in MMM so... WHY CANT WE BELIEVE IN THIS SYSTEM NOW.

WE WILL COWARDS TO START WRITING RUBBISH ABOUT MMM.

MMM HAVE HELPED MILLIONS.

IF THEY WANT TO SHUT DOWN, THEY WONT GIVE U ACCESS TO LOG IN TO THE SITE...

IF IT HAVE HELPED YOU BEFORE, DONT BE A COWARD, BELIEVE IN IT NOW, .....I PERCEIVE A JOYFUL JANUARY FOR ALL MMM PARTICIPANTS .

IF YOU HAVE SPARE MONEY, PH, YOU WONT BE MATCHED TILL JANUARY... AND YOUR MONEY WILL GROW IN YOUR POCKET.



na people when nor dey do MMM dey shout pass
You wait because you know where their office is, where the building is, where they live, who their families are and eventually if they refused, you know where to run to ,to meet them. But in this case who are you to hold by the balls? Make una dey console your self. It is that many of you are very new to many forms of Internet bussiness both offline and online... Smh

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Adaowerri111: 12:23pm On Dec 13, 2016
MMM have more than 1000 Nigerian account that volunteered to do bizness with them ....these accounts are random and can't be traced since all participants got their accounts linked ....these Nigerian accounts are used to Gain help this was why the bonus so as to get more participants thereby increasing their gain

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by ephi123(f): 12:23pm On Dec 13, 2016
I am sure the hospitals in Nigeria will be very busy today - admitting MMM patients

6 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by Lilimax(f): 12:24pm On Dec 13, 2016
Ajiswaggs:
maybe is your mother better go and check
a this is harsh nah!
Re: MMM Blocks Withdrawal Of Funds For One Month! by profmallory(m): 12:24pm On Dec 13, 2016
If the Sergey dude is still in Nigeria by Jan 2017, then it would bounce back as you postulate, but if has left, then that's bye bye to MMM, forget about the positive comments, people are already in panic mode and if for just 24 hrs that site comes back on, then what you ld see is a huge request for pay out, even for those that haven't hit their 30 days maturity period.

20dollarblogs:
For those who have looked into Sergey Mavrodi’s past Ponzi schemes, what’s happening now shouldn’t come as any surprise. The mathematics of paying out more than is invested can only last so long.

In a Ponzi points model you can bullshit your investors for a bit by paying them monopoly money. However in a gifting model, funds paid in and re-invested are immediately paid out to existing investors.

Over time the majority of invested funds slowly make their way to initial investors, who have grown balances large enough that over time have withdrawn far more than they initially invested.

Time also sees this pool of investors grow exponentially, until math catches up to the scheme and it collapses.

Again, there’s no monopoly money barrier with gifting payments. A lack of reinvestment at the top-end sees the bottom of the scheme starved of re-invested funds, which means nobody gets paid.

And that’s pretty much what’s going on now in MMM Nigeria.

Suspending outgoing payments for a month within the scheme might see withdrawals resume at some point, but sooner or later they’re just going to run out again.

That’ll see another pause in withdrawals, with each progressive restart collapsing faster and faster.

MMM Nigeria investors now have a choice to make:

You can either face the reality, or continue to hope against hope that Mavrodi has defied the laws of mathematics and MMM Nigeria will pay out in perpetuity.
Re: MMM Blocks Withdrawal Of Funds For One Month! by prime5052(m): 12:26pm On Dec 13, 2016
willibounce1:


You are not getting anything. Go look for a better job to do. MMM crap is dead and gone. Rubbish
Lolzz...i'm getting it,if e pain u go hang! tongue grin
Re: MMM Blocks Withdrawal Of Funds For One Month! by shegra58: 12:32pm On Dec 13, 2016
Moblord:
I believe MMM will pass through this. if they passed through December 2015 then they can still pass through this
one day monkey go go market and e no go return grin

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 12:34pm On Dec 13, 2016
ifeanyija:
they said participate with ur spear money.

there's nothing like spare money except the one you pick on the streets
Re: MMM Blocks Withdrawal Of Funds For One Month! by general1970: 12:36pm On Dec 13, 2016
trendyprettygir:


This is one stupid post i have read.

So with the millions of trouble that Nigeria is facing, do you really think that Nigerian Government has that time to chase this guy?

Na wa oo! If Nigerian Government really is tracking him then they is serious problem in this country!

Maybe you are the one that's foolish, learn how to talk okay? Don't come here to insult your head.

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Kvngtamz(m): 12:38pm On Dec 13, 2016
Chukzyfcb:
and today na my last day to complete 30days
yours is from the village grin
Chukzyfcb:
and today na my last day to complete 30days
yours is from the village
Re: MMM Blocks Withdrawal Of Funds For One Month! by solidman59(m): 12:38pm On Dec 13, 2016
Macaulay10:
Pls with all this issue..........me i want to PH, but i want to know if my release date will be 30days from now or after the stipulated date for frozen of accounts i.e 13th of January
30 days bro, 30days
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 12:38pm On Dec 13, 2016
progress69:


Bros, my mind dey tell me say u just put small thing for this thing. grin

U hid my quote explaining my twin koboko69 case? It is well o.
I fit bet say Seun sef do MMM (I'm no longer a betting man though, after Nairabet show me pepper). How else do you explain his tepid approach when the scheme was being propagated on nairaland in flagrant disregard of the rules? I feel he let himself, and the community no less, down big time.

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by lajoshua: 12:38pm On Dec 13, 2016
MaziOmenuko:
By the time seun wakes up and moves all the MMM threads to front-page with enticing heading: by the time the story spreads on Facebook and all other social media, by the time you see it on front-page of major newspapers...

you will understand the meaning of CRASH
hahaha.. rotfl... I love this guy.. oh my God I'm seriously laughing here
Re: MMM Blocks Withdrawal Of Funds For One Month! by zizz(f): 12:40pm On Dec 13, 2016
HELLO Friends,Please note,confirmed mavros are frozen and will be unfrozen and available for GH after a month, Simple :Note this is a working and tested strategy,its been in many countries, its not the end here ,its just the beginning, Remember Anything can happen in MMM,BUT whatever happens,Does happen for the best.Steady progress .Thank you
Re: MMM Blocks Withdrawal Of Funds For One Month! by schumastic(m): 12:43pm On Dec 13, 2016
manuell1021:
We all woke up this morning to receive the news of “1 month freezing of all confirmed marvos”. This is quite unfortunate but a neccesary measure. However, this piece is my due research and opinion.
 What does “freezing of unconfirmed marvos” mean?
It means you won’t be allowed to GH for the period stipulated. However we can still PH.
 What is the implication of this?
It means that when we PH at this time we wont be merged because there will be no one Ghing. However, your will be credited with the resultant marvos of your PH. That is why you can see how much marvo you have but can’t GH it now.
 Why the freezing?
The freezing is necessary for the sustainabilty of the system. In the previous meetings Mr Andrew say SUSTAINABILTY AND STABILITY of the system is the focus in 2017. So to achieve these goals, it is pertinent that the system is protected.
It is a known fact that most participants PHed targeting the festive period to GH. Even me too did same, infact I PHed purposely to prepare for my wife’s delivery and the naming but in the face of this situation am still stead fast.
If we all GH heavily this festive season, we wont meet an MMM that is paying us in 2017 because there will be more GH than PH as participants wont PH more this time (therefore pause mode will be activated).
Also, the issues of fake POP, delay in response from CRO and moratoruim issue need time to be properly tackled. As all guiders know Mr Andrew said programmers are working to make these issues handled in 24hrs, which is good.
VARIOUS OPINIONS ….
1. Some people are of the opinion that we should have been informed but I say NO….
If we were informed the system will crash immediately because no matter how much Admin explains people will rush to GH and then stop PHing. This scenerio will crash MMM this Dec.

2. Some people say Guiders should have been the ones alone to be frozen. While this is a very good idea, I still wont agree…. The ratio of guiders to participant is 1:100. The number of guiders is less to the whole community. 1 guider manages a minimum of 10 people. The PH of these 10 people in most cases is more than what the guider will PH. In time of GH the system will pay the 10 DLs more than the guider.
Eg. To pay the guider the system will give him 30% of his marvos + 100% (referral bonus) = 130%
But if the system is to pay the DLs it will be 30% x 10 =300% Now which is bigger.
However, this might not be a perfect scenerio but it will give us an insight into the issue at hand.
Also, there is no way particpants should be frozen and then leave the guiders. No way!
3. Some people are of the opinion that it should have been next week….. I wont say I understand how you feel but this option is risky. If you look at the time frame of the freezing it about 2 weeks to the end of the year and 2 weeks to the beginnig of next week. They are deliberately avoiding the rush hour GHing for the festive season and rush hour GHing from lack of money in January. So the time farme is to play safe.

4. Some people say now it is true MMM has gone on Holiday Pause Mode…..This is not true. The rumour earlier about pause mode was talking about 24-26th December because of bank holidays. This is not an Holiday Pause Mode. So please lets stop that school of thought.


5. Some people are of the opinion that with this new measure a lot of people will not PH again…..Maybe and Maybe not. Have we ever thought why the additional 20% was given as bonus? It means whoever believe in this community even in this time will get 50% growth to His/Her PH. This also tells us that this plan has been there before now, it was not taken impromtu, it was carefully planned.
So I PH 1 million now by Jan 14 2017, I will GH 1.5million. That’s the plan.

WHAT ARE OUR RESPONSIBILTIES AT THIS TIME
 Our most important responsibility is to avoid fear and kill panic. The more we fear the more the panic will rise.
 Now is the time when our knowledge of MMM will be needed both guiders and participants alike.
 Now is the time when negative publications should not move us no matter who is saying what or who is writing what.
 Now is the time for guiders most especially to enlighten their DLs and attend to their fears at all times.
FINAL WORDS
We need to know that the media can’t break us if we have one voice. As a trained journalist that I am, we were taught that “bad news is good news” so I am to certain that bloggers will feed on this quickly and with vigor. But we also need to stand with courage, reseilence and believe that financial freedom is our end goal.
Also, I am not in anybody’s shoe to know how this will affect any one but I will only advocate that we be patient and see the end goal and not the now.
MMM all the way

this shows how gullible you are, if you read through that message again you will take note of the red flags.
1. something as serious as this and who ever typed the message put a smily emotion in it.
2.who starts a letter with usually.
3.that message was poorly constructed.

stop giving yourself hope cus this is just a way of calming people down, i pray it comes back but if it doesn't then bear in mind that MMM is gone and gone for good.

4 Likes

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