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MMM: What Participants Know But Won't Admit - Investment - Nairaland

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MMM: What Participants Know But Won't Admit by Philipmaxwell: 12:45am On Dec 15, 2016

MMM which stand for mavrodi moneybox is a ponzi scheme which delve into Nigeria in the year 2016, clearly to capitalise on the hardship brought upon the Nigeria people by its govt. MMM promises a 30% ROI of any amount, with an extra registration bonus of 20% if you register with a sum more than #17000.

December 14th 2016, MMM introduced a 30-day freeze, not quite sure what that fully means but I do know it means that one can't not cash out( or request help as they put it) one's money for the said period, having known this, here's a list of know but don't admmit of the unofficial MMM community:

1. MMM is not an investment scheme: MMM has stated it that its not an investment scheme, but people still put their hard earned money with the hope of receiving a 30% interest or profit. Have ever asked yourself, where does it come from? Well its sane as borrowing from the entire city to pay the landlord. They pay old investors with new investors money.

2. MMM will eventually crash: minority of participant know this but they gamble and take their chances just telling themselves with some sort of faith that it is not crashing anytime soon. The more money paid to the old investors, the more money owed the intermediate investors and as a result people will start to lose their trust in The scheme, this will lead to reduction in number of new investors as well as money invested. This will only help compound issues as the number of owed investors will continue to rise and with no Money in the system to pay, down it will come crashing.

3. When it does crashes, the new investors will lose their money to the old investors : robbing the Paul's to pay just people, probably for everyone paid, five, ten or fifteen if not more are owed, and the owed will be the new investors. Thus when it does crash gone are the money of the new investors ( who are in the majority) and in the hands, purses, wallet and pocket of the old investors will they be.

Now that a freeze has been announced;

4. This freeze that MMM has imposed is what translated to it crashing in SA and Uganda: this same word freeze is what was told the SA participant b4 they realised their money was gone(pls come on, you don't expect them to tell you that the system is crashing, do you?).

5. If it does come back by some magic: all the money inserted in the system will be gone( at least that's what I I think). And even if it doesn't, following the word of MMM Nigeria no 1 gilder, the freeze comes when there's too much panic in the system, but how does a website recognise panic? Simple, almost everyone is asking for payout and there's no money to grant all the request, thereby imposing a freeze. If this freeze doesn't tell you that MMM Nigeria is gone, it should tell you that it days are highly numbered.

Final advice to all MMM participant: ............................... .
Hope this post wasn't stupid.
Re: MMM: What Participants Know But Won't Admit by golor(m): 12:52am On Dec 15, 2016
The worst is that, you hear the mmm participants asking a dumb question like, why will it cars when they don't gain anything , thesame way Facebook gain when you login that's exactly how he equally gain. When is unable to rotate their money ,it will crash. The op is not far from the truth.

The most foolish risk ever. If you know you have spare money, if at all there's anything like spare when it come to money please and please give it to begger , the less privilege or show love to that little poor kid living next to you.

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MMM Reclaim: Mysterious Site Pops Us, Promises To Refund Ponzi Scheme Investors / Check Out This Guy's Opinions On MMM. / .

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