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See How This South African Laugh Nigerians About Mmm Crash - Nairaland / General - Nairaland

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See How This South African Laugh Nigerians About Mmm Crash by justino57(m): 11:57pm On Dec 13, 2016
So One of our fans from south Africa just sent in this below comments



Hgfddvbvhvvb Pokljhuyhbboon Mmm is happy to scam nigeria people to pay other nigeria in mmm because nigeria people re very stubborn desperate the warning but many still invest in mmm.
U can cry ooo but don’t commit succeed.. It your risk n your faults.. No one to blame. Greed people only join mmm

Thendo Stivo LOL u should have learned from your brothers and sisters here in south africa , our old mavro maoney is gone as we speak and MMM is at silence as we speak so watch out for this ponzi schemes i have also learned my lesson here in south africa but atleast is not to much money that i lost

UPDATE!!!

After carrying out our own research we found out that this exact thing that just happend to Nigerian MMM Happened to the South African MMM Sometime back. here is the below report;

Controversial “donation platform” and alleged Ponzi scheme, MMM
South Africa collapsed and rebooted amid what it calls a “media panic”.

In a notice posted to participants of the scheme after it happened, the group said that “persecution against MMM organized by the mass media” has provoked a panic which has forced the scheme to “start all over again”.

The group’s administration said that the scheme’s currency – “Mavros”, named after the scheme’s founder, convicted Russian fraudster, Sergey Mavrodi – had been frozen and were impossible to use.

The group blamed the collapse of the system on media reports and South African banks, which it alleges have hurt and robbed “millions” of people who were part of the MMM scheme.

The scheme said it has started over with a clean sweep, with a plan to compensate users for any Mavro funds which were frozen.

The “old” version of the Mavro currency will be ‘bought out’ through trades of the “new” version of the currency, where equal value would be paid out to participants over six months, using 10% of total trade – effectively placing a debt burden on all participants.

The notice popped up on participants’ dashboards over the weekend (1 May 2016), but was no longer appearing by Tuesday, according to users. The notice was captured and posted to social media, however:

Dear participants!

Unfortunately, the persecution against MMM organized by the mass media has provoked a panic. We have been working in South Africa for almost 2 years and we have millions of members. During all that time, we had no complaints and accusations from participants, everything was paid to everyone in time and in full amount, by 30% per month. We held charity events and helped children. We did a lot of useful things for people! Well, who was suffering from this?

The bankers and the adherents of the current unjust financial system. That is why they planned and brought all these crazy investigations and persecution in the mass media. “The only thing which prevents the investigation is the fact that non of the participants reported to the police”. If there are no complaints, and everybody is happy, then what is the investigation for? What is the subject? Did not they understand the consequences? Did not they understand that their irresponsible actions would hurt people? Millions of people! Well, try oppressing any bank, even the most reliable one, in the same way, and see what will happen tomorrow.

However, it is futile to explain that to them. MMM prevents banks from robbing people, that is the only reason why all this is happening. And nobody cares about people. If we managed to pay millions of participants 30% per month for two years (and would still be paying, if the mass media did not lie about MMM!), why do banks not do the same? Why do they offer only a few percents a year? Make your own conclusions. Thought everything is clear right now. You are simply robbed, we have always been saying it. The modern financial system is predatory by nature. It is not for ordinary people, it is for the bankers
Re: See How This South African Laugh Nigerians About Mmm Crash by Inspectahdeck(m): 12:02am On Dec 14, 2016
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Re: See How This South African Laugh Nigerians About Mmm Crash by heritage2009(m): 12:20am On Dec 14, 2016
grin tongue
Re: See How This South African Laugh Nigerians About Mmm Crash by LastSurvivor11: 8:33am On Dec 14, 2016
Still wondering what makes Nigerians think theirs will be different...

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