As anxieties continue to mount over the suspension of the popular Mavrodi Mundial Moneybox, MMM, by its administrators; promoters, consultants and subscribers have assured both the participants and prospective participants that there is no better time to make more money than now.

Some of those who spoke to Saturday Vanguard maintained that the fear of the scheme crashing was misplaced, adding that other activities such as pledging to get help and registering for providing help were ongoing. An unofficial consultant, analyst and participant in the scheme, Osa Amadi said despite the misconception of the suspension, it is the best time time to make money as all it is required is to pledge to give help of a certain amount of money while the money remains in the pocket pending the lifting of the suspension and maturity date. According to him, “the fear of MMM crashing is misplaced. I know a lot of people were stampeded into withdrawing their money from the scheme, just like it happens in the conventional banks when there are rumors of distress and people begin to lose confidence. So, the MMM administrators got wind of that fears and moved to stem the impending catastrophe.

So, they stopped withdrawal, while all other activities of the scheme are still going on such as the Mavrod growth. As at today, December 15, 2016, people are still getting orders to be matched with participants. By January, the scheme will open up fully and people will start receiving money again.

There is no better time to make money in MMM than now. He explained that: “if you offer to provide help, nobody will receive your money now based on the suspension of withdrawal. Your money will stay in your pocket for 30 days which is incidentally the maturity period in MMM. So, while your money is still in your pocket, it has matured for interest. The day you will be paying, the following day you will be collecting. Unlike before your money will have to be in the system for three weeks or more before you withdraw. It is a rare opportunity and experienced brokers like me will know that there is no better time to make money than now.” The problem was caused by the panic and remember that people are going on holidays, so everybody wanted their money for the Yuletide, and there was this mass withdrawal and the administrators had to stop the trend. He maintained that some top members of the scheme who are called Guiders have been directed to pump money into the scheme in order to respond promptly to any shortfall in withdrawal request so as to keep the scheme going.

“The Guiders are the leaders in MMM and they have received matching orders to move fund into the scheme. They are the highly rich participants in MMM. So, with this order, there will be excess fund to pay people in January.





A participant in the scheme, who does not want his name in print said: “Don’t panic, it’s all for good. Recently, MMM started a promo called holiday bonus in which they were giving 20% extra on top of the 30%. They instructed that the bonus would only go for new money not money that is already in the system. But participants as stubborn as they are wanted to withdraw money from the system and reinvest it to get the holiday bonus.

If this was allowed, the withdrawal level will rise so high that it will surpass the donation level and finally crash the system. The bonus was meant for new money not old money in the MMM system already. “Remember, PH still continues only that people will be matched by January.

Their Mavro will be growing but it won’t be matched till January when GH starts. If this measure wasn’t taken, MMM would have crashed last week. So, as the case is now, money will keep growing till January. Please don’t panic, MMM did this to ensure that the system is sustained and that it doesn’t crash.

A promoter known in the scheme as a Guider, who is believed to have benefited immensely from the scheme rationalised the move on the social media saying that it was meant to strengthen the scheme for continuity.

“I want to say that this new message that seems to be causing panic out there in the hearts of all MMM participants, does not say that nobody will be able to Get Help, GH until January, instead the message is saying that you will not be able to GH until after 30days that you actually made the payment of your PH and the recipient confirms. Meaning that your money must actually spend minimum of 30days outside. So, for example, if you are Providing Help PH of 100K on 5th November, and you are matched to pay on 10th November, assuming that you made the payment but the recipient does not confirm your order until 15th November when he finally confirms receipt of your payment, from that instant (15th November), your Mavros will change status to “confirmed” ( irrespective of colour Blue or Green ), so you will only be able to request for help (GH) on that particular 100k + 30% growth as from 15th December. It is not that you can’t GH before January.

SOURCE ; https://aimtoget.com/board/Others/MMM-Dont-panic-its-time-to-make-more-money-.626.html

The problem with Nigerians is that we are too sentimental and don't face reality. I tried my best to dissuade my friends from signing up to MMM by explaining to them that MMM is not sustainable on the long run and may likely crash by December2016,
I studied Ponzi Schemes extensively even before MMM came to Nigeria and I can authoritatively state that MMM scheme in Nigeria will crash finally by first quarter of next year(If it has not crashed already). This is based on the following facts and figures.

1). MMM is not an investment. The sustainability of the scheme is based on the model that at any given time the number of people providing help will be more than the number of people getting help.

2). As at November 2016, the number of people that want to get help has exceeded the number of people providing help. The administrators of MMM tried to make more people provide help by increasing the bonus for people providing help. But due to the fact that Nigerians generally experience cash scarcity towards the end of the year and the campaign by government agencies against MMM,the number of people providing help declined further.

3) MMM Nigeria was not originally designed for the rich elites. The administrators did not envisage that Nigerians will be putting huge amount of money in the scheme at once. But trust Nigerians. Some people even borrowed huge amount of money from banks to put in MMM. While it is easy to match people that put in spare money like between N10,000 and N500,000, it is difficult to match people that put in millions of Naira.

4 ) I also suspect element of massive frauds on the part of the administrators of MMM. It is possible that the administrators opened multiple accounts in different banks and asked people to provide help into such accounts. (Especially huge amounts).

5) We cannot compare MMM in South Africa to MMM in Nigeria as the two countries operate different economic models and the spending patterns and risk appetite of Nigerians is different from that of South Africans.

Conclusions

1) I sincerely sympathised with those that may likely lose their money to MMM but I will advice them to take it in good faith and as a lesson that there is no free lunch. Financial success comes from diligent planning and hard work.

2) Nigerians should face the reality that MMM has crashed or may soon crashed.

3) Do not laugh at those that are stuck in MMM scheme. Empathised with them and be willing to assist and counsel them so that they do not harm themselves.

4) The government did not take proactive steps to prevent its citizen from falling prey to this fraudulent scheme. To be fair to the government, enough warnings against MMM was given by CBN, EFCC and SEC but government should have gone further by going after the promoters in Nigeria at the initial stage.(China did it)