unite4real:
When will MMM Nigeria collapse. This is is a billion Naira question, going by the fact that billions of Naira have exchanged hands among MMM Nigeria members, a Ponzi Scheme that has just collapsed in Zimbabwe and South Africa.

To know when MMM Nigeria will likely fizzle out, one just need to look at how long it took in other countries before it collapsed.

MMM China using the name MMM Global started business in China in April 2015. Promising millions of Chinese 100% return on investment, Sergei Mavrodi in his usual arrogant manner denigrated Chinese traditional financial system adopting Bitcoin and creating his own Ponzi currency called the Mavro.

During the rise of the scheme, many quarters in the Bitcoin community warned many Chinese citizens. Bobby Lee, CEO of Chinese Bitcoin Exchange BTCC, the New York Times that:

But he said he had seen signs that Chinese investors were using Bitcoin to move money into an international investment scheme, MMM Global, which claims to have been created by a man who did prison time in Russia after a previous Ponzi scheme collapsed.

Unfortunately for the its victim in China, after nine months of its noisy existence, MMM China collapsed. While the government eventually warned its citizens to stay away, it was little too late. The Ministry of Industry and Information Technology and the State Administration for Industry and Commerce warned Chinese citizens that investment in MMM China

“Presents huge risks to investors because it is operating illegally in the country and may have funneled funds abroad. MMM China is among an emerging number of unlicensed organizations that aim to attract online investors with promises of high returns while employing a business model that looks to be a Ponzi scheme”.

By the 19th of January, 2016, MMM China was already gone, millions of Chinese investors were left in the cold and bruised.

The story of MMM South Africa began around the same time MMM China started, but with a different ‘flavour’. The scheme in its usual noisy manner pervaded the length and breadth of South Africa using the business model as MMM-2011, claiming a “30% per month” return through a “social financial network.

Things went south in less than three months after MMM China collapsed. Many South Africans were melted when MMM could not meet up with its withdrawal. Many MMM-linked accounts were also frozen by Capitec Bank and others. The National Consumer Commission also gave its verdict that MMM is a ponzi scheme, thereby making it illegal operation.Six months after some sanity, MMM South Africa has been woken up from the dead by some former Guiders who trying hard to get people to PO (provide help, another word for deposit)

Surprisingly, the creation of MMM Nigeria came as a surprise to many people especially many who have witnessed the ‘horror’ of financial loss that it has wrecked in China and South Africa. PageOne eventually revealed that MMM Nigeria might be on a running on a slightly different trajectory as opposed to its South African operations.

One Earnest Mbanefo, apparently a Nigerian, is the brain behind MMM. The intense and extensive campaign launched by MMM in Nigeria could not have become so ‘noisily-successful’ with mere foreign boots on the ground. With the help of Earnest and other Nigerians who understand the psyche of its citizens, MMM Nigeria executed one of the most systematic and choking investment recruitment ever in the history of Nigeria.

When Will MMM Nigeria Collapse?

As at today, MMM Nigeria is already in its six months of operation. Analysts are already predicting that give or take, the scheme might finally collapse in the next three months. There are remote and immediate causes that might quicken the process.

First is: should MMM Nigeria not able to dilute the raging negative PR all around Nigeria, new members would dry up and the scheme would crash faster than a park of cards. The second is a remote cause. The scheme already has over 500,000 members since two months ago. It has not surpassed this number in any significant way, such stagnancy is a recipe for disaster for a Ponzi Scheme that relies on constant flow of new and old members passing the ‘buck’

Many Nigerians have flocked to this Ponzi Scheme almost more than the way and manner they have invested in the stock market or treasury bills. The day it eventually collapse, many Nigerians who participated in it would have written their names in history for all the wrong reasons.

https://pageone.ng/2016/09/27/mmm-nigeria-collapse/

cc Lalasticlala

unite4real:
When will MMM Nigeria collapse. This is is a billion Naira question, going by the fact that billions of Naira have exchanged hands among MMM Nigeria members, a Ponzi Scheme that has just collapsed in Zimbabwe and South Africa.

To know when MMM Nigeria will likely fizzle out, one just need to look at how long it took in other countries before it collapsed.

MMM China using the name MMM Global started business in China in April 2015. Promising millions of Chinese 100% return on investment, Sergei Mavrodi in his usual arrogant manner denigrated Chinese traditional financial system adopting Bitcoin and creating his own Ponzi currency called the Mavro.

During the rise of the scheme, many quarters in the Bitcoin community warned many Chinese citizens. Bobby Lee, CEO of Chinese Bitcoin Exchange BTCC, the New York Times that:

But he said he had seen signs that Chinese investors were using Bitcoin to move money into an international investment scheme, MMM Global, which claims to have been created by a man who did prison time in Russia after a previous Ponzi scheme collapsed.

Unfortunately for the its victim in China, after nine months of its noisy existence, MMM China collapsed. While the government eventually warned its citizens to stay away, it was little too late. The Ministry of Industry and Information Technology and the State Administration for Industry and Commerce warned Chinese citizens that investment in MMM China

“Presents huge risks to investors because it is operating illegally in the country and may have funneled funds abroad. MMM China is among an emerging number of unlicensed organizations that aim to attract online investors with promises of high returns while employing a business model that looks to be a Ponzi scheme”.

By the 19th of January, 2016, MMM China was already gone, millions of Chinese investors were left in the cold and bruised.

The story of MMM South Africa began around the same time MMM China started, but with a different ‘flavour’. The scheme in its usual noisy manner pervaded the length and breadth of South Africa using the business model as MMM-2011, claiming a “30% per month” return through a “social financial network.

Things went south in less than three months after MMM China collapsed. Many South Africans were melted when MMM could not meet up with its withdrawal. Many MMM-linked accounts were also frozen by Capitec Bank and others. The National Consumer Commission also gave its verdict that MMM is a ponzi scheme, thereby making it illegal operation.Six months after some sanity, MMM South Africa has been woken up from the dead by some former Guiders who trying hard to get people to PO (provide help, another word for deposit)

Surprisingly, the creation of MMM Nigeria came as a surprise to many people especially many who have witnessed the ‘horror’ of financial loss that it has wrecked in China and South Africa. PageOne eventually revealed that MMM Nigeria might be on a running on a slightly different trajectory as opposed to its South African operations.

One Earnest Mbanefo, apparently a Nigerian, is the brain behind MMM. The intense and extensive campaign launched by MMM in Nigeria could not have become so ‘noisily-successful’ with mere foreign boots on the ground. With the help of Earnest and other Nigerians who understand the psyche of its citizens, MMM Nigeria executed one of the most systematic and choking investment recruitment ever in the history of Nigeria.

When Will MMM Nigeria Collapse?

As at today, MMM Nigeria is already in its six months of operation. Analysts are already predicting that give or take, the scheme might finally collapse in the next three months. There are remote and immediate causes that might quicken the process.

First is: should MMM Nigeria not able to dilute the raging negative PR all around Nigeria, new members would dry up and the scheme would crash faster than a park of cards. The second is a remote cause. The scheme already has over 500,000 members since two months ago. It has not surpassed this number in any significant way, such stagnancy is a recipe for disaster for a Ponzi Scheme that relies on constant flow of new and old members passing the ‘buck’

Many Nigerians have flocked to this Ponzi Scheme almost more than the way and manner they have invested in the stock market or treasury bills. The day it eventually collapse, many Nigerians who participated in it would have written their names in history for all the wrong reasons.

https://pageone.ng/2016/09/27/mmm-nigeria-collapse/

cc Lalasticlala MMN didn't collapsed in Zimbabwe and SA.....its working 100% smoothly in those countries, don't be decieved by the media false report.

Cation:
Nice article but i wonder what u have just gained with this. I think you just have to leave we participants because it is our money not yours, we worked for it and loosing it should not be an headache on your side. The money we use is our spare money as advised by the community and this fraction is by order of magnitude less than our net worth in cash. less i forget i typed this reply with a brand new laptop bought with 30% bonus mavro growth rate. If you have any questions or need guide on successful participation don't hesitate to contact me. Yours sincerely, GUIDER RILWAN OYEDELE.

Mrakthedream:

How can one calculate referrer bonus for 3rd or 4th PH from a downline?