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Nairaland Forum / Nairaland / General / Investment / MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month (79319 Views)
Lmfx:fake Address! LMFX Escaped After Swindling Investor Out Of 288,000 Naira / MMM Posts Christmas Greeting. Angry Participants React (Photos) / MMM Runs To Kenya After Freezing Nigerian Accounts, Promises 40% Per Month (2) (3) (4)
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Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by erico2k2(m): 3:14pm On Dec 15, 2016 |
lustychima:This is different .the official body that governs finance in Nigeria issued a warning . But greed got the better of them 15 Likes 2 Shares |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by bobo65(m): 3:14pm On Dec 15, 2016 |
wunmi590: Pls PH to me biko 1 Like 1 Share |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by flowe247(f): 3:14pm On Dec 15, 2016 |
legalized 419 |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by iykedare(m): 3:15pm On Dec 15, 2016 |
They will thrive in Africa. Africans are gullible people. No wonder they worship their corrupt leaders on their empty stomach. 5 Likes 1 Share |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by SadSongz: 3:15pm On Dec 15, 2016 |
IamPatriotic:Bwahahahahahahahaha 3 Likes |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Seun(m): 3:15pm On Dec 15, 2016 |
khalids:I visited the site to confirm it but the url has been blocked by our filter. The new Kenya MMM website is kenya dash mmm dot net. 3 Likes 3 Shares |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by wristbangle: 3:16pm On Dec 15, 2016 |
With this news, People still expecting GH in January should forget about their money. This shows that the scheme has thoroughly crashed. |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by erico2k2(m): 3:16pm On Dec 15, 2016 |
bobo65:Chai . Wise tortise 1 Like |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Legend87(m): 3:17pm On Dec 15, 2016 |
Abbeyunique2: Die-hard MMM Nigerian addicts won't mind going all the way to Kenya to continue. Some will be like; ''If MMM no kill me, i go kill them'' 3 Likes |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by mccoy47(m): 3:17pm On Dec 15, 2016 |
Mavor: Sharap. Are u part of them? 1 Like 1 Share |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Olubee22(f): 3:17pm On Dec 15, 2016 |
Oh my! It's getting more interesting |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by aku626(m): 3:18pm On Dec 15, 2016 |
Seun I think its enough with this MMM thing make fun of gullible people isn't fun. People having hopes and fears should not be laughed at, they've the right to do what makes them happy. EFCC and CBN have done their part and a word is enough for the wise. If the scheme bounces back good if not they'd get over it eventually. Constant mocking isn't needed. 5 Likes |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by beautiful232(f): 3:19pm On Dec 15, 2016 |
can we get another news, and lets leave this mmm shit pls |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Godknowsbest: 3:19pm On Dec 15, 2016 |
Modaran femliany: |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Flexherbal(m): 3:19pm On Dec 15, 2016 |
See something! |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Isaacmacdon(m): 3:19pm On Dec 15, 2016 |
lustychima:Cmon sharap dia or I sharap you. What did you drink? Someone should please call 112 before this guy faints ontop his phone. 7 Likes 2 Shares |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by bobo65(m): 3:19pm On Dec 15, 2016 |
lustychima: Guy comot jhor Ppl. Only PH cos they know they will GH + 30% It's diff from giving to the poor Even if it's to give the poor and get back the same amt of money u gave at d end of the month, I doubt if Nigerians will do it, its cos of that profit that ppl patronized it 10 Likes 2 Shares |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by guyXander(m): 3:20pm On Dec 15, 2016 |
KissChrix:congrats brainiac. Hope you have eating this afternoon? if not, come let me feed you with my MMM money. |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by prettyAdaolisa(f): 3:20pm On Dec 15, 2016 |
Seun: Why are you so concerned about this mmm stuff? Most people that are into it are adults and so therefore knows their left from their right...why not allow them do whatever they wish with their money after all it's a well known fact that experience is the best teacher... My 2cent tho! 6 Likes |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Nobody: 3:20pm On Dec 15, 2016 |
Seun: You're too dumb to realize the picture was photoshopped. 6 Likes |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by TissueMan: 3:21pm On Dec 15, 2016 |
A pharmaceutical company urgently need the service of Sales Reps. The ideal candidate should be experienced in direct sales and sales of FMCGs and cosmetics. Minimum qualification: HND/BSc. (Lagos Residents only). Qualified applicants should be ready to attend interview on Monday 19th December, 2016 by 9am. CV should be forwarded to jegede.omeiza@gmail.com |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Emeskhalifa(m): 3:21pm On Dec 15, 2016 |
but how come some of the testimony where august does that means it has been there since |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by yomz1e(m): 3:21pm On Dec 15, 2016 |
WHERE ARE THE FOOLS THAT WERE SINGING IT'S PRAISES A FEW OF MONTHS AGO, THUNDER FIRE ALL OF YOU!
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Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Neddstark: 3:21pm On Dec 15, 2016 |
lustychima: Greedy people deserve to be scamed and their defenders like you sould try sniffing my boxers 1 Like 2 Shares |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by dre44k(m): 3:21pm On Dec 15, 2016 |
Abbeyunique2:una go just kill una sef, for another man headache, una no dey tire ni?? Is it una money? Leave this pple alone abeg, dere destiny no dey una hand abeg... |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by ndcide(m): 3:22pm On Dec 15, 2016 |
Seun: Hope you're not going to bore us with MMM Kenya now that that of Nigeria is over. |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Nobody: 3:22pm On Dec 15, 2016 |
guyXander: No, thanks .......You're too kind Go back to school with your MMM money 3 Likes 1 Share |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by Structuralman: 3:22pm On Dec 15, 2016 |
Seems Nigeria should just declare this week as MMM week! |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by hayoakins(m): 3:22pm On Dec 15, 2016 |
www.nairaland.com/attachments/4611929_mmm_jpeg8b802860e4b7cf49223e902205d7cbb4 Having lost 2,300,000NGN (two million, three hundred thousand naira) to WealthSolution, Real & Cool, PennyWise and the likes in June 2007, not subscribing to MMM was no brainer as it is only a matter of time before the schemers would pull the plug. As much I do not want to subscribe to the school of thought that it has crashed already, it may surely not survive the next 60days as anyone who survives this end of the year shocker (account freeze) would need no prophet to advise him/her to stay clear should he be able to finally receive help come January. In January, the 30days gap would make almost everyone whose account was placed on hold/freeze qualify to get help but who would be ready and willing to GIVE HELP, Me? Four (4) weeks ago, it became evident that the scheme was heading down south when one subscriber who needed to cash out 470,000NGN was assigned 21 other subscribers to give him help (send him money). This shows that there is increase in the number of people offering to give help of less than 30,000NGN compared to a few months ago when people were placing in as much as 1,000,000NGN. Please note that I do not refer to them as investors as they are not investors rather gamblers. After interviewing some guiders, captains, subscribers and reading some online articles, I got a better understanding of how the scheme actually works (the matching algorithm and cash out model). A subscriber who is due to cash out (receive help) is assigned one or more other subscriber(s) who is/are due to give help. When the time is right for the schemers to pull the plug, crash the scheme in Nigeria and finally cashout, the same model would be adopted to avoid suspicion however only with some selected number of more greedy and trusted guilders and captains who would be paid a percentage of the amount they are able to pull perhaps the same 30%. I will explain further in the next paragraph. It is assumed that MMM Nigeria has over 3,000,000 (three million) Nigeria dwellers (citizens and non-citizens) who already enrolled on the MMM platform, I would refer to them as active accounts. All the schemers need to do is to create a syndicate of greedy, trusted and highly secretive captains and guilders of at-least 1,000 out of the 3,000,000 active accounts, whose account would be assigned to other unsuspecting subscribers to give help to. Just like the existing model, no one would notice any foul play as nothing has changed; the process has not been modified in any way only that only a selected number of people (syndicate) are receiving help from others. Let’s assume that MMM Nigeria is pulling out 250,000,000,000NGN (two hundred and fifty billion naira), each of the 1000 would get 250,000,000NGN, imagine being promised to get 30% of any amount you pull, that is 75,000,000NGN, trust me, an average guilder and captain would sell his/her birthright to get that amount and care-less about the crashing MMM Nigeria or otherwise . The sudden account inflow should raise a flag within the banks’ core system as some of the guys’ account may never have recorded such inflow before. FLAG Number 1. – BANKS to be on ALERT, Anti-money laundering monitor should flag the accounts Getting the funds out of the country to the chief schemer Mavrodi or his accomplice would be the next stage of execution but this would be a tall order due to the stringent FX policies surrounding inflow and outflow of funds in and out of Nigeria. Money laundering is an option but highly risky and could easily give them away. Another option would be to further integrate the money into the system by transferring between accounts before finally pulling it out of the country. Illustration A gets 50m deducts his/her 30%, moves the balance of 175,000,000NGN to B, B moves 170m to C, C move 165m to D until 150m gets to F. This would make tracking the funds difficult and easier to escape any money laundering trap within the banking systems. Another reasonable option would be to use FORM M and FORM A. The schemers engage registered foreign corporate entities in different countries to issue supposedly genuine and valid documents (Bill of Entry, Commercial Invoice, Bill of Lading / Airway bill etc.) to enable them access foreign currencies through FORM M and FORM A in disguise for payment for imported goods. The banks could be of immense assistance here as the FORMs would be accessed through the banks. FLAG Number 2. – BANKS to be on ALERT in issuance of FORM M and A Another option is smuggling the funds through the borders to another country(ies) from where the funds would be transferred to different accounts in different countries to outsmart any forensic investigations – FLAG Number 3 – CUSTOMS to the rescue Yes, people were warmed but it is not always easy to say NO to this kind of schemes, I also learnt the hard way. All the best to MMM Nigeria Subscribers, this is the only way I could help with tracking of your funds and possible retriever. © Ayobami Akinade AAT, ACA, ACCA(affiliate) Management Consultant 12 Likes 3 Shares |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by guyXander(m): 3:23pm On Dec 15, 2016 |
bobo65: CIA agent wetin? Go to America Na. Don't tell me you are not working as a detective. If not, then you are failure. With such analysis without investigation, you are the future of spy agencies. 1 Like |
Re: MMM Runs To Kenya After Swindling Nigerians. Promises 40% Per Month by bobo65(m): 3:25pm On Dec 15, 2016 |
guyXander: If all Nigerian mmm users can come together and own up to how much they have gotten from mmm, una go fish out the robot wey tif una money 1 Like 1 Share |
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