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Millions Of Nigerians Are Falling For A 27-year-old Russian Ponzi Scheme - Investment - Nairaland

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Millions Of Nigerians Are Falling For A 27-year-old Russian Ponzi Scheme by mpire: 4:43pm On Nov 18, 2016
How bad is the global economy when scammers are even getting scammed? According to QZ reports, millions of Nigerians are falling victim on a decades old Russian ponzi scheme.

Fallen on difficult times amid the country’s first recession in decades, millions of Nigerians have turned to Mavrodi Mondial Moneybox (MMM), a Ponzi scheme with roots in Russia, which promises unreasonably high returns on investments. Originally set up in the late 1980s by Sergei Mavrodi, a Russian ex-convict, the scheme has become popular in Nigeria where it has operated for a year.

According to the Nigerian website, MMM is described as a “mutual aid fund where ordinary people help each other.” Essentially, registered participants pledge and donate money to help other participants who request it and expect them to return the favor at a later date. As a catch, the scheme promises 30% monthly returns for participants who donate.

http://bossip.com/1378408/plot-twist-millions-of-nigerians-are-falling-for-a-27-year-old-russian-ponzi-scheme/

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Re: Millions Of Nigerians Are Falling For A 27-year-old Russian Ponzi Scheme by Sibrah: 4:48pm On Nov 18, 2016
Nigerians will always sell their own brother into slavery, be it financial or spiritual or social slavery, the average Nigerian doesn't care about the right thing but the one that benefits him.
Re: Millions Of Nigerians Are Falling For A 27-year-old Russian Ponzi Scheme by tinkotinko: 5:11pm On Nov 18, 2016
dry thread
Re: Millions Of Nigerians Are Falling For A 27-year-old Russian Ponzi Scheme by Nobody: 5:49pm On Nov 18, 2016
I wish your cause was nobel, but I'm sure you can't wait to see it fail so you can gloth....
I wish you posted this out of care, but even this act a lone is a selfish one.

Take your wickedness else where, it's our work, our money, our ponzi scheme, we would pledge till it fails...

Thank you for telling us what we know....

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Thanks for participating, hope to do more business in future!!! / Good News: MMM Is Coming Back Stronger Than Ever! / Free Fx Signals

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