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The MMM Concept. Why It Is A Scam. - Romance - Nairaland

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The MMM Concept. Why It Is A Scam. by DoroBad(f): 3:54pm On Dec 18, 2016
Let's work out the MMM concept.

Assuming 5 friends Mr. A, B, C, D,and E resolve to provide help worth 100,000 each on MMM with 30% return on investment (roi). Total money in the pool will be 500,000.

Since the fund is not invested anywhere, the dormant total remains 500,000

On request of assistance
A collects, 130,000 from the pool leaving a balance of 370,000

B collects 130,000, leaving a balance of 240,000

C collects 130,000 leaving a balance of 110,000

With the balance of 110,000, it means that the fourth person D

can only get his initial capital and 10% roi.

What happens to the fifth person, Mr E?

An economic hole is dug.
For every 5 persons, one person loses his invested capital. One will ask why is the scheme surviving today?
The simple answer is that the pledged and requested help are not happening simultaneously but for every help, a hole is created.

That means for 500 people, 100 investors will lose their money.
For 1million people, we will have 200,000 destitutes and hole becomes wider and wider daily (you can use your imagination here, with 3million subscribers in Nigeria, 600,000 holes have
been dug).
Some folks will want to somehow continue to believe that the scheme will truly be back by January 2017, but that's a lie. I'll tell you why. Everyone will want to get their money out, who is going to provide this "help"?

MMM is a big SCAM!!!
Re: The MMM Concept. Why It Is A Scam. by eph12(m): 4:24pm On Dec 18, 2016
A system that promises 30% interest without you doing any work or producing anything is always never going to last long because it solely depends on the number of people joining the system and investing their money.
Re: The MMM Concept. Why It Is A Scam. by udysweet(f): 4:53pm On Dec 18, 2016
MMM topic in Romance section? SMH
Re: The MMM Concept. Why It Is A Scam. by Nobody: 4:57pm On Dec 18, 2016
If it sounds too good to be true it probably is. # Simple moto for life.
Re: The MMM Concept. Why It Is A Scam. by jamaljuan: 7:16pm On Dec 18, 2016
Ultimate cycler is the best..join me and make your 50k in 2days..Chat me on whatsapp 07018559660. Let me show you how the magic is done..we re d best.
Re: The MMM Concept. Why It Is A Scam. by Paulscholari(m): 9:22pm On Dec 18, 2016
Money Making Miracle turns into Moku Mogbe Modaran.. Lolzzz. Awon zombie. Putting money into ponzi scheme towards the end of the year is foolish. Even correct organizations round off by November and Share the profit in December. Sorry guys, I feel for you.. Lolzzz.
Re: The MMM Concept. Why It Is A Scam. by windeal: 10:17pm On Dec 18, 2016
MMM!!!

Appeal to Journalists from Sergey Mavrodi

Dear journalists, “analysts” and all kinds of “experts”!

Please stop using MMM to gain cheap popularity. Leave us alone and let us work without interference. I’m just astonished by your irresponsibility and cynical attitude. Interests of millions of people, your fellow citizens are at stake. Don’t you have any sympathy for them? Why are you fueling hysteria around MMM and provoking a panic? Why are you doing this so diligently and persistently, what is your purpose?

In fact, absolutely all your provocative and worthless articles and “analyses” (I said “worthless” because you do not have any real information about what happens in the System, and might have never had; you simply invent everything, fabricate it) are merely negative: “MMM has collapsed!!!.. MMM will not be working in January!!!..” etc. Are you intentionally presenting all of it in such a manner and whipping up tension by any means possible in order to increase the ratings of your publications and attract attention to them? Don’t you care about people at all?

So, nothing has collapsed, and MMM will safely resume its work in January, as announced. Suspension of work for holidays is a usual thing, merely working moment, no more than that. It would have remained a normal, just a part of the usual routine, and might have gone almost unnoticed if it were not for your totally cynical and irresponsible attempts to advertise yourself, create a scandal out of nowhere, and make the most of this news topic in any possible way.

Again, leave MMM alone and let us work. Nothing has collapsed, and MMM will perfectly resume its work in January. We Can Change the World!

--- Sergey Mavrodi
Re: The MMM Concept. Why It Is A Scam. by DoroBad(f): 7:25am On Dec 19, 2016
Mavrodi is a common criminal and should be treated as such. Nigerians are too gullible
Re: The MMM Concept. Why It Is A Scam. by toppinsinlala(f): 6:46pm On Dec 19, 2016
DoroBad:
where is the money invested in?
u invest 12500 nd u get 50k within 2wks is working o.....
Re: The MMM Concept. Why It Is A Scam. by Nobody: 6:53pm On Dec 19, 2016
it is a scam because it gains its investors trust by turning a profit giving them a feeling of security 2 invest more money and the hope 2 when big spurs them onward

The a "freeze" hapoens allowing them 2 make off with the money and move on 2 the next lot.

It is a ConGame ..
The only 1 winning is the creater and his implementers

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