Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,777,581 members, 6,618,038 topics. Date: Sunday, 05 December 2021 at 10:23 PM

BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters (69261 Views)

BREAKING: MMM Nigeria Begins Payment Of Outstanding Mavro / MMM Nigeria Freezes Out Mavrodians / BREAKING: MMM Postpones January 14 Date Indefinitely (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)

BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Ynaira: 3:30am On Dec 13, 2016
Barely 24 hours after MMM founder, Sergey Mavrodi wrote an open letter to Nigerian Authorities, criticising the later’s constant attacks on the ponzi scheme, BreezeReporters can authoritatively reports that MMM Nigeria has crashed.

The administrators of the scheme, early Tuesday, announced freezing of participants’ monies for one month.

In a letter posted on the scheme’s website, MMM said; “As usual, in the New Year season, the System is experiencing heavy workload.

READ ALSO: MMM Founder, Sergey Mavrodi Writes Open Letter To Nigerian Government

Confirming the severity of constant attacks on the controversial scheme, the statement said “moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.

“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month”, the statement partly reads.

Mavro is the general name used to describe participants’ money in the system.

It added; “The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))

READ ALSO: Brutal Facts!!! Why Some Media Houses are at War With MMM, Kolawole Emmanuel

Urging participants not to panic, MMM said that “the things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)

By implication, over three million Nigerian participants as claimed by the founder, Mavrodi, who were planning to withdraw their money ahead of the yuletide season will have to wait for one month.

Breezreporters.com recalls that similar scenario had played out in Zimbabwe and South Africa, where participants money were frozen for certain period, pausing the system, only to return with new adjustment in its terms.

Read full letter as obtained by Breezereporters.

One-Month Freezing of Confirmed Mavros

Dear members!

As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)

Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.

The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))

We hope for your understanding,
Administration

Source: http://www.breezereporters.com/mmm-nigeria-crashes-announces-one-month-pause/

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by truthspeaks: 3:32am On Dec 13, 2016
Wait after a month naa

3 Likes

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by scalarkoko: 3:33am On Dec 13, 2016
Like??
Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by chuks000(m): 3:39am On Dec 13, 2016
After a month....##sosad
Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by akoko11: 3:42am On Dec 13, 2016
truthspeaks:
Wait after a month naa
I tire o
Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Trut(m): 3:42am On Dec 13, 2016
A typical black man/woman doesn't have the intellect to invent, create, produce or manufacture something that will better the society, but he/she will be the first to criticise, condemn, hate, badmouth, destroy and damage reputation of something created by someone to benefit the society.

No amount of your useless and wicked articles against MMM can stop me and other fellows from PHing and GHing in MMM.

Those who don't have money to participate in MMM and those who don't have the mind to take
risk are ones writing LUBBISH against MMM on their useless blogs.


#NdiIsiOjiiiiii

85 Likes 6 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by hardywaltz(m): 3:44am On Dec 13, 2016
Wait make MMMites catch u

3 Likes

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by MrMcJay(m): 3:57am On Dec 13, 2016
Trut:
A typical black man/woman doesn't have the intellect to invent, create, produce or manufacture something that will better the society, but he/she will be the first to criticise, condemn, hate, badmouth, destroy and damage reputation of something created by someone to benefit the society.

No amount of your useless and wicked articles against MMM can stop me and other fellows from PHing and GHing in MMM.

Those who don't have money to participate in MMM and those who don't have the mind to take
risk are ones writing LUBBISH against MMM on their useless blogs.

#NdiIsiOjiiiiii

Denial is the first stage of grief.

In 2 weeks time, you'll read this your post and be shaking your head like a lizard learning new dance.

In 3 weeks, you won't be able to sleep.

In 4 weeks, you'll be swearing for Mavrodi in fluent Russian language.

173 Likes 32 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Trut(m): 4:13am On Dec 13, 2016
MrMcJay:


Denial is the first stage of grief.

In 2 weeks time, you'll read this your post and be shaking your head like a lizard learning new dance.

In 3 weeks, you won't be able to sleep.

In 4 weeks, you'll be swearing for Mavrodi in fluent Russian language.

The annoying thing about you visionleess bloggers and Nairaland miscreants is that you guys do not participate in MMM. Instead of you guys to nurture, protect and encourage the sustainance of MMM which has reduced over 20% poverty rate in the country for the past year, you poor people are supporting in the very government that brought HARDSHIP on you masses to kill MMM.

Honestly, the worst thing that will ever happen to any human is been a BLACK MAN/WOMAN, most especially Nigeria brid of BLACK. We hate good things in our lives, all we know is to kill and destroy.

75 Likes 4 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by dotuna3(m): 4:21am On Dec 13, 2016
Can't you read?

Why are people so cool with carrying wrong impressions

Read carefully its not crashing my brother

11 Likes 1 Share

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by MrMcJay(m): 4:21am On Dec 13, 2016
Trut:


The annoying thing about you visionleess bloggers and Nairaland miscreants is that you guys do not participate in MMM. Instead you guys to nurture, protect and encourage the sustainance of MMM which has reduced over 20% poverty rate in the country for the past year, you poor people are supporting in the very government that brought HARDSHIP on you masses to kill MMM.

Honestly, the worst thing that will ever happen to any human is been a BLACK MAN/WOMAN, most especially Nigeria brid of BLACK. We hate good things in our lives, all we know is to kill and destroy.

If you understand how Ponzi schemes work, you would realise that by their very nature, they are set up to crash. Unfortunately, you don't know this cos you're ignorant and naive.

Your ignorance has cost you the 30 pieces of silver you depend on and you're now ignorant, naive and BROKE.

Keep typing long turenchi. By 10am today, the import of what happened would hit you full impact.

56 Likes 1 Share

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Bari22(m): 4:22am On Dec 13, 2016
as expected
Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by azimibraun: 4:23am On Dec 13, 2016
Trut:


The annoying thing about you visionleess bloggers and Nairaland miscreants is that you guys do not participate in MMM. Instead of you guys to nurture, protect and encourage the sustainance of MMM which has reduced over 20% poverty rate in the country for the past year, you poor people are supporting in the very government that brought HARDSHIP on you masses to kill MMM.

Honestly, the worst thing that will ever happen to any human is been a BLACK MAN/WOMAN, most especially Nigeria brid of BLACK. We hate good things in our lives, all we know is to kill and destroy.
. Enough bro... Don't in attempt to defend what met you and abuse what you came with. What's all this stuff about Balck..Black? You were born black and obviously an adult, when was MMM created; Did it build our country to this level; Did it create Daangote, Adenuga or Ifeanyi Uba? Just make your point and stop being a Racist against your own Race.

95 Likes 8 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Basi123: 4:24am On Dec 13, 2016
dotuna3:
Can't you read?

Why are people so cool with carrying wrong impressions

Read carefully its not crashing my brother

Oga whoever u are, do some research abeg.. Same thing happened in SA, froze accounts April, crashed May... Can't u see signs?

3 Likes 1 Share

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by azimibraun: 4:37am On Dec 13, 2016
Personally I have no qualms with anybody participating in MMM scheme. One of my major reasons is that directly or indirectly I am benefiting from it. Almost every Nigerian is. At least those who ask you for money for everything hardly even remember you because MMM pays them and they are busy. That is not to say I don't know the dangers it poses to our economy and the high risk of its day of reckoning. We can laugh now and cry later. My major problem with MMM is that participants wants to force you to see it as "Government Job" so secure so safe. All of us know say na "Gamble" make we enjoy am as it lasts. So my advice is stop arguing with those who condemn MMM and just chop ur money dey go.... wonder banks no kill our ppl all.. no be MMM go kill them. advice them don't insult them.

27 Likes 7 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by QuotaSystem: 4:40am On Dec 13, 2016
MrMcJay:


If you understand how Ponzi schemes work, you would realise that by their very nature, they are set up to crash. Unfortunately, you don't know this cos you're ignorant and naive.

Your ignorance has cost you the 30 pieces of silver you depend on and you're now ignorant, naive and BROKE.

Keep typing long turenchi. By 10am today, the import of what happened would hit you full impact.

Aptly said.

Without constant injection of new capital, the scheme will naturally crash eventually because it pays returns to its 'investors' from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources; and my bet is that the negative publicity that the 'scheme' has been receiving recently has had a significant impact on the inflow of new 'investors' to the scheme, hence the possible crash.

26 Likes 3 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Nobody: 4:48am On Dec 13, 2016
money don waka .. again.. let me call bala to tell him the good news grin grin grin grin

1 Like 1 Share

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by obyrich(m): 4:55am On Dec 13, 2016
dotuna3:
Can't you read?

Why are people so cool with carrying wrong impressions

Read carefully its not crashing my brother
Don't mind them. What is written there is that all confirmed mavro will be frozen for one month. Normally it was 2 weeks.

7 Likes

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by chiboyo(m): 5:00am On Dec 13, 2016
Chayi! Chayi!! People go cry blood very soon!!!

1 Like

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Ayomel(m): 5:01am On Dec 13, 2016
MMM or what ever you call it, it's a fraud pls check the history and stories.
Work and make money stop looking for free stuff mind you there isn't anything free in life except what almighty God created. Lazy people and those that what free stuff gets defrauded easily.
Only few will get there money back and a lot will loose there money.
Wish u best of luck

7 Likes

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Nobody: 5:03am On Dec 13, 2016
1 question pls...if there is no central account and every1 gets paid in naira(not in bitcoin that is untraceable).. Why would they run?

Na Nigerians go kill d system with panic

8 Likes

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Larablink(f): 5:05am On Dec 13, 2016
For real cry. It's not possible. My heart oh.

2 Likes

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by dunkem21(m): 5:15am On Dec 13, 2016
Larablink:
For real cry. It's not possible. My heart oh.

Holds her heart .. What happened?
Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by CyberWolf: 5:27am On Dec 13, 2016
Obviously to prevent massive withdrawal this yuletide.. hmm.. A friend has been disturbing me to invest in this scheme because he opened account for me via his link after much disturbance, but I refused to invest.. He has been on my neck since June this year and even got worse last month. Late last month, I resolved to invest some hundreds of thousands but on a 2nd thought, I reasoned this is December, many participant will want to spend and also offset some bills this yuletide so, many that has provided help will get help without providing again. So if I invest now, I might get help because a story might come up as a result of the scenario painted above, so decided to wait till early next year.. Now this just happened shocked ... Nawa oo.. God be with the participants especially those that borrowed to invest in this cry !

5 Likes 1 Share

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by MrEverest(m): 5:31am On Dec 13, 2016
What will you people gain by creating unnecessary panic among the people They said it is a temporary freeze that will be removed in 3 weeks time, so what are you guys yapping about
Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by Nobody: 5:32am On Dec 13, 2016
MrEverest:
What will you people gain by creating unnecessary panic among the people They said it is a temporary freeze that will be removed in 3 weeks time, so what are you guys yapping about

1 question pls...if there is no central account and every1 gets paid in naira(not in bitcoin that is untraceable).. Why would they run?

Na Nigerians go kill d system with panic

I really don't know...

1 Like

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by samilo88(m): 5:37am On Dec 13, 2016
When I saw 3 missed calls from my colleague at around 3am, I knew the worst had happened. The guy has about 1m in the scheme and was supposed to gh today. I warned him to invest wisely but u know the usual punch line "is it ur money"..

27 Likes 2 Shares

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by CyberWolf: 5:39am On Dec 13, 2016
samilo88:
When I saw 3 missed calls from my colleague at around 3am, I knew the worst had happened. The guy has about 1m in the scheme and was supposed to gh today. I warned him to invest wisely but u know the usual punch line "is it ur money"..
grin grin grin cheesy

15 Likes 1 Share

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by peterdrury: 5:41am On Dec 13, 2016
samilo88:
When I saw 3 missed calls from my colleague at around 3am, I knew the worst had happened. The guy has about 1m in the scheme and was supposed to gh today. I warned him to invest wisely but u know the usual punch line "is it ur money"..
A friend borrowed more than 200, used my account and was supposed to get help too. The pay back period of the borrowed money is this week.

1 Like

Re: BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters by yinkslinks(m): 5:42am On Dec 13, 2016
There is hope

2 Likes

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)

Nigerians Ignore SEC's Warning On MMM, Say "MMM Is Not A Scam" / Sergei Mavrodi, MMM Founder Dies At 62 / Why I Think MMM Is Gone For Good

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 133
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.