with the recent unprecedented popularity of the so-called MMM investment scheme as a live-saving institution among middle and low class Nigerians (particularly), I have been compelled to get some information on this 'new firm', and the kind of 'highly profitable' ventures MMM embarks on with these sourced funds. but unexpectedly, what I found was quite shocking.
Below is the information about MMM and their previous operations:

MMM (Ponzi scheme company)
A ponzi scheme company 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.
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]
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.
МММ was a Russian company that perpetrated one of the world's largest
Ponzi schemes of all time, in the 1990s. [1][2] By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
History
MMM was established in 1989 by
Sergei Mavrodi, [2] his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames.
Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion , leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful.

An important factor in the scheme's success was word of mouth , but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov . Another notable marketing effort was a giveaway of free
Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others).
On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide. Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long). [citation needed] At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007. [ citation needed] He later went on to creating yet another pyramid scheme called MMM-2011 .
The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any
joint stock companies .
In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network". [3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank . [4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg. [5]
In 2016, MMM launched a website targeting the Nigerian audience. [6]
In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered).

Read more at
https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

Those that are into it know is a fraud but they want short cut to success,let wait and the outcome.

I know.... googled about it before i joined.... Hold up

My friend tell us something new. We've heard these ones for like ages.

And by the way, who are you to talk trash about MMM. Heavyweights like CBN, SEC, and HOUSE OF REPS could not quench the fire MMM ignited in the people's hearts, it's now you abi?

Who your long story epp sef?

Op is busy writing long epistle, MMM guys are busy making cool cash

thanks for the info... but let me be enjoying MMM abeg

akankemi1:
thanks for the info... but let me be enjoying MMM abeg

did your own defrost