Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,176,855 members, 7,899,039 topics. Date: Wednesday, 24 July 2024 at 04:34 AM

See The People That Crashed MMM Nigeria - CareerCrewBlog.com - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / See The People That Crashed MMM Nigeria - CareerCrewBlog.com (64104 Views)

Breaking News: Mmm Nigeria Crashes Again!!! / BREAKING: MMM Nigeria Begins Payment Of Outstanding Mavro / MMM Nigeria Is Back (change Of Guider Button Is Out) (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

See The People That Crashed MMM Nigeria - CareerCrewBlog.com by careercrew1: 9:38pm On Dec 17, 2016
It is no longer news that MMM Nigeria has crashed but what had eluded the news is the people whose actions actually led to the crash of the popular Ponzi scheme. Every participant who put their funds into the Ponzi scheme has been calling for the head of Mavrodi, however, as an observer I sat down, analyzed and finally was able to fish out the real major culprits who should be blamed for the crash of MMM Nigeria.


1 The MMM Nigeria Guiders:

As a guider in MMM Nigeria, you get 10% of the help provided from every downline or referral that are duly registered. This means that if you as a participant is to provide help of N100,000 your guider will get N10,000 richer. Now, a guider that has about let’s say 100 downline for example and each of the downlines are providing help of N100,000 that means that the guider will get N10,000 X 100= N1Million each month for doing nothing. So cool right? Wrong!! Pulling out such huge amount will lead to a major financial strain on the system, that’s why a lot of people couldn't get help anymore.

A perfect example is the Number 1 guider Chuddy. If MMM has a participant of over 3Million people and each of the people provide an average help of about N10,000 monthly, this means that Chuddy the number 1 guider will be cruising with N10,000X 3M= N3Billion monthly. This amount alone is enough to crash the system as one man eats virtually almost all the cake. Now, add all the guiders (over 12,000 guiders) to this equation and you will see that the guiders were eating the lion’s share of the cake without giving help back. All what a guider do is to log in, check how many people have provided help and then cash out. Most do not even provide help at all that’s why the system crash.
Honestly, these guiders don hammer on top participants head.

89 Likes 12 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by careercrew1: 9:49pm On Dec 17, 2016
2 Greedy Nigerian participants:

Yep, most participants that took part of the Ponzi schemes were very greedy, whether we like it or not that is the bitter truth. Greedy in the sense that you were advised on the MMM Nigeria website to invest only your spare cash in the program but did Nigerians listen? No
After the crash of MMM Nigeria, you will start hearing people confessing that they put their life savings into the scheme, some put in their children school fees into the Ponzi scheme while others went as far as using their house rent in order to get a higher return. Of recent we have seen how a husband beat the living daylight out of his wife for using their savings to invest in the Ponzi scheme, infact I know of a sales girl who stole her employers half a million Nigeria to invest in MMM. Now that the money is gone, who is to be blamed?

33 Likes 3 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by careercrew1: 9:54pm On Dec 17, 2016
3 Participants that upload fake proof of payment:

If you really took part in MMM Nigeria, you will know that fake proof of payment was so rampant, many participants were getting frustrated and no longer interested. Uploading fake POP is another form of scamming your fellow participant and this is how it works; the scammer uploads a fake POP without providing help or paying money to your bank account and expects you to confirm payment. If you don’t check your account balance regularly, you will confirm receiving payment without a single naira entering your account. This was the initial scope of the fake POP uploads. However, others took the fake POP upload to another level in order to extend the hours to make payment while putting the receiver in frustration and anguish. Such participant with that kind of experience will not want to participant in the scheme any more. One question I always ask participants of this Ponzi scheme is why offer to provide help when you don’t have the cash to do so? I am yet to get a valid answer.

31 Likes 3 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by careercrew1: 10:00pm On Dec 17, 2016
4 CBN, SEC, banks and the media:

We are all aware that the CBN and several banks were against the MMM scheme because it actually poses a major threat to their existence.

Imagine an individual getting a whopping 30% on his finance monthly without lifting a finger. Honestly, the offer is tempting and a lot of people were pulling their monies from the banks. This in turn will affect the banks from making huge returns of customer’s money.

Several people pulled out their funds majorly because the Nigerian banks offered almost nothing in terms of returns or interest for leaving your money in their bank for several months. A friend complained to me that after leaving several hundreds of thousands of naira in a Nigeria Bank, all he got at the end of each month was deductions for service charge. This is what propelled Nigerians to participate in the Ponzi scheme offer.

Now threatened by MMM Nigeria, the CBN, SEC and some banks had to use the media to kick against the scheme. Advert telling people not to participate in the scheme was seen in newspapers, social media and even on radio/TV.

The actions and steps taken by the CBN and banks really shook the MMM Nigeria community to the extent that a letter was written on 11th of December 17, 2016 which was addressed to the Federal government, CBN and banks. The next day, MMM Nigeria crashed.


http://www.careercrewblog.com/2016/12/see-people-that-crashed-mmm-nigeria.html

13 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by sholikay(m): 10:03pm On Dec 17, 2016
nawaoooo... we no go hear word again

12 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by MrIcredible: 10:08pm On Dec 17, 2016
The only people that crashed the mmm is the greedy so-called guiders.

Why should there be guiders?
What is their usefulness since they cannot even take part in decision making like in the case of this freezing?

It is the same guiders who has made so much millions that are starting all these other nonsense like
Ultimate cycler
Givers forum
Nnn etc.

Bloggers are just wasting their time.
Come January, mmm will surely return.

My advice to their greedy administration is for them to stop all this outrageous bonuses.

NO MORE GUIDERS!
REFERRAL BONUSES SHOULD NOT BE MORE THAN 5%


LONG LIVE MMM.

155 Likes 10 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Femich18(m): 10:27pm On Dec 17, 2016
MMM this MMM that... We no go hear word again for this country again o... But there are all other ponzi scheme even offering better returns than MMM but none have gotten the publicity of MMM....
MMM is a bae I Must confess.

52 Likes 4 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by BrutalJab: 10:29pm On Dec 17, 2016
The only people that Crashed MMM in their dreams are delusional hungry attention seekers like Careercrew1

38 Likes 2 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Yarduni: 10:52pm On Dec 17, 2016
Femich18:
MMM this MMM that... We no go hear word again for this country again o... But there are all other ponzi scheme even offering better returns than MMM but none have gotten the publicity of MMM....
MMM is a bae I Must confess.

Even planwell that stole millions in Benin in the early 90's is still ringing bells in people's mind today. So go and sleep, we will talk about this mmm scam even till 2017 as some greedy nigerians never learn

65 Likes 3 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Femich18(m): 11:04pm On Dec 17, 2016
Yarduni:


Even planwell that stole millions in Benin in the early 90's is still ringing bells in people's mind today. So go and sleep, we will talk about this mmm scam even till 2017 as some greedy nigerians never learn
Till 2017? Lol... I was expecting you to say till eternity... Why are you guys even more concerned than the participants? Pls relax xo that HBP won't locate you soon

32 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Yarduni: 11:07pm On Dec 17, 2016
Femich18:

Till 2017? Lol... I was expecting you to say till eternity... Why are you guys even more concerned than the participants? Pls relax xo that HBP won't locate you soon

You are not even good at consoling yourself. Well this mmm scam is a topic for the ages just like similar wonderbanks years ago, nothing new. But whats new is the same mugu scammed over again.

36 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Femich18(m): 11:10pm On Dec 17, 2016
Yarduni:


You are not even good at consoling yourself. Well this mmm scam is a topic for the ages just like similar wonderbanks years ago, nothing new. But whats new is the same mugu scammed over again.
Hahahahaha... Console myself? Guy calm down... Did the participants told you that have been scammed? #
Lol... You that have never been scam oya show us your house and your Bentley... Goodnight broda

33 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Yarduni: 11:14pm On Dec 17, 2016
Femich18:

Hahahahaha... Console myself? Guy calm down... Did the participants told you that have been scammed? #
Lol... You that have never been scam oya show us your house and your Bentley... Goodnight broda

Rubbish, as usual nothing useful to say. I know you will read this before you sleep, mmm mugu
Even you that don't have a house or even the bentley just lost money to mmm, which situation worse pass? grin

61 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Femich18(m): 11:17pm On Dec 17, 2016
Yarduni:


Rubbish, as usual nothing useful to say. I know you will read this before you sleep, mmm mugu
Even you that don't have a house or even the bentley just lost money to mmm, which situation worse pass? grin
Lol... But atleast I have got some assets through it... It has changed my life and millions of people's life...must you castigate something that is helping people and will still help many others come 2017?

47 Likes 3 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Yarduni: 11:19pm On Dec 17, 2016
Femich18:

Lol... But atleast I have got some assets through it... It has changed my life and millions of people's life...must you castigate something that is helping people and will still help many others come 2017?

ah ah go and sleep mmmmugu grin

14 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Femich18(m): 11:22pm On Dec 17, 2016
Yarduni:


ah ah go and sleep mmmmugu grin
Lol...with the Assets I have gotten through it? Xo that is still all your brain can still come up with? You are a frustrated being I can see.....

17 Likes 2 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by DesChyko: 6:38am On Dec 18, 2016
Femich18:
... show us your house and your Bentley...

This is perhaps the reason Nigeria remains backwards.

Success in life an career cannot be defined by these standards but personal fulfilment.

These were our collective dreams as children but as we grow older and different, our needs in life differs as well. Some cannot own a bentley while his neighbour starves; you have to cut that person some slack.

14 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Nobody: 7:04am On Dec 18, 2016
Chuddy Ugorji alone crashed MMM.

12 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by RealityShot: 7:16am On Dec 18, 2016
MrIcredible:
The only people that crashed the mmm is the greedy so-called guiders.

Why should there be guiders?
What is their usefulness since they cannot even take part in decision making like in the case of this freezing?

MMM must remove guiders and those leader and Referal bonuses!
People will join MMM without much convincing..
So why give out so much from the community purse
For those "leading"?

That makes more like a pyramid scheme!

21 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by RealityShot: 7:18am On Dec 18, 2016
Femich18:
MMM this MMM that... We no go hear word again for this country again o... But there are all other ponzi scheme even offering better returns than MMM but none have gotten the publicity of MMM....
MMM is a bae I Must confess.
No mind them! They will not point to givers forum
Because na Abuja person (maybe senator or sec official)
Get am! Pst!

1 Like

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Nobody: 8:41am On Dec 18, 2016
But guiders does not take 10% from down lines na! No only from immediate referrals. N everyone take that

2 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by dannytoe(m): 9:42am On Dec 18, 2016
where are the zombies, who were shouting longlive MMM

5 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Einl(m): 10:20am On Dec 18, 2016
Op you made sense until number 4.

Number 4 is sooo dumb. How did the media and CBN hurt a Ponzi scheme? So the media and the regulatory agencies should not warn Nigerians about dumb sh¡t they do. MMM is a Ponzi scheme.

Go and look up what America does to those that promote and deceive using Ponzi schemes.

You also said the banks were against it. That's dumb. When you paid somebody in MMM, was it not to a bank account? When someone paid you on MMM was it not to your bank account? Abi na cash dem give you? Banks had no loss whatsoever.

Yesterday one fine girl said make I join Ultimate Cycler or some sh¡t like that. I asked her where their office was. And their licence to operate in Nigeria. And CAC registration.

She got angry and said I was dulling. I told her instead of Ponzi schemes go and buy plastic chairs and tables and a small TV.

Get a liltle space and buy two crates each of Star and Guinness. Beer parlour is set.
Legitimate business which managed well can grow and last past any Ponzi scheme.

45 Likes 5 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Ay04z(m): 11:42am On Dec 18, 2016
mumu post ...mmm Neva crash..

9 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Dove4Peace: 11:50am On Dec 18, 2016
MMM Helps!
I am a Fan of Chuddy Ugorji, MMM-Nigeria Guider #1
I am a Fan of Sergey Mavrodi, MMM Founder
#IStandWithMMM

22 Likes 4 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Mmadu111: 11:59am On Dec 18, 2016
careercrew1:
It is no longer news that MMM Nigeria has crashed but what had eluded the news is the people whose actions actually led to the crash of the popular Ponzi scheme. Every participant who put their funds into the Ponzi scheme has been calling for the head of Mavrodi, however, as an observer I sat down, analyzed and finally was able to fish out the real major culprits who should be blamed for the crash of MMM Nigeria.


1 The MMM Nigeria Guiders:

As a guider in MMM Nigeria, you get 10% of the help provided from every downline or referral that are duly registered. This means that if you as a participant is to provide help of N100,000 your guider will get N10,000 richer. Now, a guider that has about let’s say 100 downline for example and each of the downlines are providing help of N100,000 that means that the guider will get N10,000 X 100= N1Million each month for doing nothing. So cool right? Wrong!! Pulling out such huge amount will lead to a major financial strain on the system, that’s why a lot of people couldn't get help anymore.

A perfect example is the Number 1 guider Chuddy. If MMM has a participant of over 3Million people and each of the people provide an average help of about N10,000 monthly, this means that Chuddy the number 1 guider will be cruising with N10,000X 3M= N3Billion monthly. This amount alone is enough to crash the system as one man eats virtually almost all the cake. Now, add all the guiders (over 12,000 guiders) to this equation and you will see that the guiders were eating the lion’s share of the cake without giving help back. All what a guider do is to log in, check how many people have provided help and then cash out. Most do not even provide help at all that’s why the system crash.
Honestly, these guiders don hammer on top participants head.
One month freezing of confirmed Mavro oooo not crashed, the site is strong and up and doing, PH going on, from 14th January 2017 GH starts ....stop misinforming people . you're the evil people should very careful about. Spit on this write up....

23 Likes 2 Shares

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Atiku2019: 1:03pm On Dec 18, 2016
Einl:
Op you made sense until number 4.
Number 4 is sooo dumb. How did the media and CBN hurt a Ponzi scheme? So the media and the regulatory agencies should not warn Nigerians about dumb sh¡t they do. MMM is a Ponzi scheme.
Go and look up what America does to those that promote and deceive using Ponzi schemes.
You also said the banks were against it. That's dumb. When you paid somebody in MMM, was it not to a bank account? When someone paid you on MMM was it not to your bank account? Abi na cash dem give you? Banks had no loss whatsoever.
Yesterday one fine girl said make I join Ultimate Cycler or some sh¡t like that. I asked her where their office was. And their licence to operate in Nigeria. And CAC registration.
She got angry and said I was dulling. I told her instead of Ponzi schemes go and buy plastic chairs and tables and a small TV.
Get a liltle space and buy two crates each of Star and Guinness. Beer parlour is set.
Legitimate business which managed well can grow and last past any Ponzi scheme.


Kudos Bro, You've said it all smiley

4 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Chrisrare: 1:04pm On Dec 18, 2016
D population of nigerians is damn much.. Dis MMM crash will help reduce d population for d greater good.

4 Likes 1 Share

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by veekid(m): 1:04pm On Dec 18, 2016

are they not coming in January anymore?

2 Likes

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by Silentscreamer(f): 1:04pm On Dec 18, 2016
By right one shuldn't involve himself with anything gambling or money doubling. It always end badly

1 Like

Re: See The People That Crashed MMM Nigeria - CareerCrewBlog.com by DrayZee: 1:04pm On Dec 18, 2016
All our money eh...our money ooo....Nigerian money ehhh....MMM chop am fuka fuka.

3 Likes 1 Share

(1) (2) (3) (4) (5) (Reply)

Gram Free World. Real Or Scam? / Zenith Bank Fixed Deposit Interest Rate / "MMM Participant Slumps, Dies In Bank" - New Telegraph

(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 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.