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Nairaland Forum / Nairaland / General / Business / Why You Should Stay Away From MMM Nigeria (422426 Views)
Letter From MMM Mavrodi To Nigerian Journalist & Bloggers! / Unveiled: How MMM Owners Make Millions Of Money From MMM / MMM Nigeria: Ponzi Scheme, Robbing Peter To Pay Paul? TheGuardian (2) (3) (4)
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Re: Why You Should Stay Away From MMM Nigeria by topeluvu(m): 7:08am On May 28, 2016 |
drizzymadbet:and who informed u dt mmm is nt in usa or other serious euro countries? Can u just gv a list of d countries operating mmm? Let just stop condemning in d hard way.. 1 Like |
Re: Why You Should Stay Away From MMM Nigeria by topeluvu(m): 7:13am On May 28, 2016 |
drizzymadbet:whats ur predictn for today's uefa final.. |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:19am On May 28, 2016 |
tarajohn: Of all the comments I have replied so far, you were the most objective. you tried making your points instead of raining in insults I appreciate that. On the first point you made. I know how the system works, I don't really want to go into details but I can tell you that the schema works at least for now, the signing on, referral bonus, and the happiness bonus all works. I had a neighbour who got over sixty thousand naira in 30 days after pledging 200000(someones money left in her care). so I know how the stuffs work 100 percent. on the second point you raised, pyramid schemes over the years have been evolving to beat people's suspecting lenses. even in the UniTed states where MMM cannot do businesses, there were pyramid schemes that the government couldn't stop because they never knew that was how they operate until they pack peoples money. Babe I didn't say they are a scam or the other names you listed but till date no body here have proven that its not a pyramid scheme. Yeah banks do aggressive marketing from the percentage of the profits they make quarterly. Were do Mmm get the money to conduct aggressive ad campaign. Where do they make the money that they pay guiders to conduct seminars and workshops for them? or is it still part of the philantropism that people are made to believe. Take this hard pill, Mmm profits from the system. Babe dig into the history of the owners and you would see that the owners of Mmm made their riches from similar pyramid schemes they successfully defrauded people of their hard earned cash in the past. Google on pyramid schemes and how it works and then google Mmm and gimme feedback. yeah mmm pays, but for how long ? how as much as new entrants enter the scheme, Any day new entrants stop entering the business, that would be the elastic limit and that would be the day it would come tumbling like a pack of cards 20 Likes |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:22am On May 28, 2016 |
Democivil: I am not a banker, just an ordinary civil servant. next time act a bit of ur username by acting civil and dont swear on someone who don't share the same views as yours 27 Likes 1 Share |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:24am On May 28, 2016 |
exceedingrace64: reread my post and my recent comments and see for yourself whether I am ignorant of the scheme 4 Likes |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:27am On May 28, 2016 |
Democivil: I would pass, no be when you know where I dey Na u fit strangle me. Keep ranting, me dey ma lungu 6 Likes |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:30am On May 28, 2016 |
shocker007: We don't do research we just leap, that is the bane of Nigerians. But why would I blame anyone, the country is really difficult for the masses, any way Na sure way from this quagmire 3 Likes 1 Share |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:33am On May 28, 2016 |
shocker007: a straight objective analysis, for those who play smart, they can make money out of the system and run when the system still works, Dooley they system would come crashing, more powerful and sophisticated ones did crash, mmm would also crash in due time 2 Likes 1 Share |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:38am On May 28, 2016 |
Tweetums: hahahah that I try to forwarn Nigerians the dangers lurking in doing stuffs with mmm have made me a gambler in your eyes right. That's alright no shaking I don't gamble and would never will. please my dear sister, thread carefully and know when you should exit from the system. 3 Likes |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 7:40am On May 28, 2016 |
topeluvu: hahaha funny dude, I ain't a prophet, Buh I have this affinity for athletico and would love them to win. |
Re: Why You Should Stay Away From MMM Nigeria by Olalekanbanky1(m): 10:13am On May 28, 2016 |
Fool.... did MMM request u or any other participant to pay money to its acxount? Mind u, there's no central account in MMM. So dias nothig like the Owner vanishing with ur money cos the Participants pay dorectly to one another. This alone shows it is scam free ideology! 5 Likes |
Re: Why You Should Stay Away From MMM Nigeria by einsteine(m): 11:11am On May 28, 2016 |
topeluvu: The aggressive way you are reacting says it all...only idiots would be taken in by a scheme that is mathematically guaranteed to crash. You wouldn't be stressing yourself to defend the stupid scheme if it was actually 100% kosher. Good products don't need violent evangelism. Enjoy your stupidity. 13 Likes 1 Share |
Re: Why You Should Stay Away From MMM Nigeria by topeluvu(m): 11:38am On May 28, 2016 |
einsteine:okay, clap for yourself.. 1 Like |
Re: Why You Should Stay Away From MMM Nigeria by Catalyst4real: 12:35pm On May 28, 2016 |
Lol, I think Op is just saying Nigerians should be careful as it is prone to crashing in the future But should the fear of a possible downfall in the future stop me from making the best out of it today? This is an opportunity and not all opportunities last forever. My advice is, make the best out of it; Withdraw your incomes regularly to your bank accounts. And do not offer help with all the money you got. Don't get greedy and overly Ambitious. #Catalyst4real 17 Likes |
Re: Why You Should Stay Away From MMM Nigeria by Peterwins(m): 12:49pm On May 28, 2016 |
These fraudulent schemes keep evolving in several ways. The Ponzi Scheme. A Ponzi scheme (also a Ponzi game or a Ponzi)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. 3 Likes |
Re: Why You Should Stay Away From MMM Nigeria by Peterwins(m): 12:50pm On May 28, 2016 |
The Ponzi Scheme. Ponzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.[2] 1 Like |
Re: Why You Should Stay Away From MMM Nigeria by Peterwins(m): 12:53pm On May 28, 2016 |
The Ponzi Scheme. The scheme is named after Charles Ponzi,[3] who became notorious for using the technique in 1920.[4] The idea, present in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each described such a scheme),[5] was actually performed in real life by Ponzi who with his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to make payments to earlier investors and himself.[2] Source: https://en.wikipedia.org/wiki/Ponzi_scheme 1 Like 1 Share |
Re: Why You Should Stay Away From MMM Nigeria by chukel(m): 1:33pm On May 28, 2016 |
Gush. How can Nigerians be this gullible. This is so pathetic. See the number of people brainwashed by this scheme. We are really backward. We are really lazy. The smart and hardworking develop schemes like this to fleece the lazy (those who only want money multiplied for them without putting in any hardwork) of their money. Will people make money from this? Yes, the lucky few. Will people be scammed? Yes the dull majority, of which a fraction of the lucky few belong to. 17 Likes |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 11:43am On May 29, 2016 |
Catalyst4real: one bottle of bear for you, that is simply what am saying. play smart and exit the system, if you know you can't do it that way or that you are greedy, then don't even near am |
Re: Why You Should Stay Away From MMM Nigeria by VictorRomanov: 12:34pm On May 29, 2016 |
I got this from the website. Can someone explain. Coz I got a few questions! WARNING! If this is not a business or an investment how then does someone make 30% ROI within a month? Do you also need to involve others for your ROI to grow? |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 11:14pm On May 30, 2016 |
Catalyst4real: that's a sharp nigga. he understood the drill and know how to handle the s.hit. he is a smart dude and I like him. he would know how to play his cards and would not be a victim when the chips are Down not like these other ones that would keep throwing tantrums and put all their life savings into the system and meet their Waterloo in no time 3 Likes |
Re: Why You Should Stay Away From MMM Nigeria by apkpromise: 2:47am On May 31, 2016 |
mhen!! to me i will like to show appreciation to everybody who contributed to this thread .Please my people don't take the op as an enemy of progress.you all know that in this life every venture involves risk and those who usually smile are those who take calculated risk.If you are interested in joining the MMM community,please and please just make sure you apply the money management principle.DO NOT COMMIT WHAT YOU CANNOT AFFORD TO LOSE.As for me i dey join this month ooo.MAY GOD ALMIGHTY PUNISH POVERTY !!! 13 Likes |
Re: Why You Should Stay Away From MMM Nigeria by drizzymadbet(m): 6:04am On May 31, 2016 |
VictorRomanov: if you actually read that from their website, that is more reason you should be careful when pledging money on the system. the 30 percent ROI claims are paid by members (new members). Now tell me how this can be sustained. Lemme give you an analogy, let's assume I pledged 100,000 naira, after 30 days I should be getting 130,000 naira. About the same time I was able to bring 3 friends who registered under me and pledged 200,000 naira, I get a 10‰ referral bonus, meaning that I earn 20,000 on each of em and for bringing the 3 of em I would earn 60,000 naira referral bonus. Adding 60,000 naira to the 130,000 gives us 190,000. When registering, one gets a signing bonus of 20 dollars depending on the money pledge and that's about 4000 naira. Add it to the 190,000 and you have 194,000 naira. how do u make ur money back? you ask for help of 194,000 and bam, they match u with members (preferably new members) who pledged help. That's a simple example, one makes a ROI of 94,000 within 30 days. Now tell me how this can be sustained, yes they can sustain it by bringing in New members into the scheme, paying guides ridiculous sums to conduct seminars and make people join. Bros if you think you can play smart and know when to exit the system, good else Dont join and get burned shikiena 12 Likes 1 Share |
Re: Why You Should Stay Away From MMM Nigeria by VictorRomanov: 6:30am On May 31, 2016 |
drizzymadbet: Good analogy. I appreciate. 7 Likes |
Re: Why You Should Stay Away From MMM Nigeria by Ak47young(m): 10:52am On Jun 01, 2016 |
topeluvu:Am a participant of MMM and the truth is that OP is telling the truth the moment the people entering MMM is less than that going out MMM will fail. But before that AMA keep taking risk and get monthly income of 60k from my 200k help.I mean as a student who fit gimme that one 7 Likes |
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