Lots of Zimbabweans are in a financial trauma as you read this, all thanks to the popular Ponzi scheme called MMM. Thousands of people living in Zimbabwe, among them civil servants, vendors and more, were said to have lost thousands of dollars to fraudulent online pyramid scheme MMM Global Zimbabwe after the system collapsed recently. The social financial network, which relied on an accelerating number of new members to pay off the old, abruptly terminated its services without any prior notice last week leaving participants stranded.

Iharare.co reports that these Zimbabweans joined the online investment scheme with the sole aim of “getting rich quickly”. It was said that the Reserve Bank of Zimbabwe warned its people about the system, saying the scheme was fraudulent. The scheme prides itself as a mutual aid fund under which recruited members contribute money to assist others and are promised investment returns of 30 percent per month. Some of the people left counting their losses told The Herald that they received emails that the scheme had been suspended until September 15.

One of the participants, Mr Tinashe Muza of Harare said: “All along things were moving in the right direction and we now have nowhere to claim our investments. When we started putting our funds in the scheme one could get assistance within seven days but things later changed to 14 days and when we were shut out the waiting period was 21 days. What it simply means is that the number of people in need of help has outnumbered the number of people joining. Right now we have nowhere to get our money which we invested.”

MMM stands for Mavrodi Mondial Moneybox and takes its name from its founder, Sergei Panteleevich Mavrodi of Russia. He founded MMM in 1989 and the scheme was declared bankrupt three years later leading to the disappearance of Mavrodi until his arrest in 2003. While some people who were skeptical about the scheme started with small amounts, it is believed some poured in thousands of dollars anticipating higher returns. The RBZ said the schemes were fraudulent as existing investors were ‘paid money not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors.

Currently, the scheme is in Nigeria and it is called MMM – Federal Republic of Nigeria. Lots of Nigerians are on the scheme and the scheme actually works (just like how it was working well at first in Zimbabwe). MMM Nigeria, is a Ponzi scheme that originated in Russia that has now set up in Nigeria. Wikipedia says the company was involved in one of the biggest Ponzi schemes in the 1990s. It was estimated that thousands of people lost up to $10 billion dollars. Well, a lot of people think the scheme is legit and not a scam but the history of the company says the opposite. Only time will tell.

Sources: https://www.naij.com/982574-popular-mmm-crashes.html

Cc:Seun Lalasticlala pls put at fp for Nigerians to see

Zimbabwe is out for real
See it here

Clap for yourself and what is the former website of Zimbabwe

When will you ever get tired of your efforts in painting mmm black.....click on mmm east Africa . mmm Zimbabwe is working strong. Bad belle.....shame on u and your money lending business, no customers again for you. MMM pays, it rocks....
Together we change the world.

let me check

Good day Mavrodians.
If anyone tells u MMM has collapsed in SA and Zimbabwe.
Don't argue with them. No story. Just give dem these links to see whether MMM is alive or not.

SA: http://rsa-mmm.co/testimonials/

ZIMBABWE: http://ea-/testimonials/

NIG: http:///testimonials

Emaxlord:
Good day Mavrodians.
If anyone tells u MMM has collapsed in SA and Zimbabwe.
Don't argue with them. No story. Just give dem these links to see whether MMM is alive or not.

SA: http://rsa-mmm.co/testimonials/

ZIMBABWE: http://ea-/testimonials/

NIG: http:///testimonials

dont mind them they would prefer reading falsehood

There's nothing like MMM crashing in Zimbabwe. Up till 25th of September which happens to be some 27 hours ago mavrodians in zimbabwe still got help and peope still provided help..... Wait o! i partly believe there are some anti-MMM undercover doing all these to threaten and cause panic in the system.... but hear me well... the more you throw your bomb of hatred the Stronger we become. You warned that its risk, afterall its our money not yours. In prefer MMM scamming me than any other association scamming me because MMM has saved me to some extent....

I wealthcome new members into the family of te Mavrodians...CONTINUE PHing and GHing

[b]MMM...TOGETHER WE CHANGE THE WORD[/b]

SOME SAY I BE YAHOO BOY !!which I will eventually be very soon. BUT DIS IS WAT I Do 4 a LIVING. ******MMM is not a bank, MMM does not collect your money, MMM is not an online business, HYIP, investment or MLM program. MMM is a community where people help each other. MMM gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE and get 30% after 30days

N1000 u get N1300(30%)

N5000 u get N6500(30%)

N10,000 u get N13,000(30%)

N20,000 u get N26,000 (30%) ➕ N8,000(Reg bonus)

N180,000 u get N230,000 (30%) ➕ N20,000($50 Reg bonus)

Register today and see

Together We Will Change the World.

To register and for more Whatsapp/call 07030137440

Good day Mavrodians.
If anyone tells u MMM has collapsed in SA and Zimbabwe.
Don't argue with them. No story. Just give dem these links to see whether MMM is alive or not.

SA: http://rsa-mmm.co/testimonials/

ZIMBABWE: http://ea-/testimonials/

NIG: http:///testimonials