It is notable to understand how the MMM Ponzi scheme started and the various factors that helped the Guiders deceive Nigerians into investing their hard earner money.

Without going into much history about MMM, here are the most important reasons why MMM were able to fool Nigerians.

1. They started with a free money promotional campaign ie 30% bonus. As bad as it may sound, the first set of real people who got paid 30% of what they had invested were used as the promotional scapegoats to lure their friends, families and others.

The MMM platform continued its promotional payments of 30%, 40% as the case may be. A lot of Nigerians were enticed with this mouthwatering offer to the extent they couldn't resist joining the scheme. Most of the second set of participants knew quite well they were joining a scam but they just couldn't resist the deal from Hell.

2. MMM website stated "Invest your spare money". Seriously, is there anything like spare money when you live in an unpredictable country like Nigeria.
MMM studied its target market carefully and realized the best way to get more investors is to openly state "invest your spare money". This way you are tormented by your conscience when you invest little thereby you fall for them by investing more, the target market are gullible Nigerians who are so greedy and foolishly ignorant.

3. Greed Greed Greed
An average Nigerian wants to get rich quick "I don't blame some", but I blame the people who deceitfully lured others into joining the scheme. The guiders and individuals greed to get more bonuses was a strong driving force which made the MMM scheme a huge success. Irrespective of the fact that Mavrodi's details has been all over the Internet as a Russian Criminal Nigerians neglected all the hand writing on the wall.

I must say its unfortunate greed played a major role in the MMM scheme. Let's be watchful as the rise of schemes like this is yet to come.

There are currently other schemes on ground silently gathering popularity, let's not let our greed take over our morals.

Protect your money.

I dedicate this FTC to my family and all the good people out there.

If you want Nigeria to get better click "like" if you still believe MMM will pay click "share" (wake up).

Lalasticlala...... These people won't let MMM rest oooooooooooooo..... Here They come again or should I mynd44 myself?

nice article! wristbangle, come here and learn.

cc: SalomonKane..

precise and elucidating..

FTbomb:
nice article! wristbangle, come here and learn.

Present sir

FTbomb:
nice article! wristbangle, come here and learn.

cc: _SalomonKane..

I'm sure he'll only view the thread and shake his head.

Things like this that makes sense is usually alien to peeps like him who depend on generalisation to make front page.

SalomonKane:
I'm sure he'll only view the thread and shake his head.

Things like this that makes sense is usually alien to peeps like him who depend on generalisation to make front page.

Una get wahala sha.

wristbangle:


Una get wahala sha.

Na una cos am na. Lol.

Cray

The key factor in the MMM saga was greed.

Mavrodi & co seized advantage of the existing desire by many people to get rich without working for it.

I hope everyone will learn from this.

No pain; no gain.

Jeeezes fecking kraist ...leave mmm pple alone na
Mtchew
Smh

MMM participants/victims don suffer no be small

there are over 50 ponzi schemes in nigeria now plus whatapp ponzis . the first set of participants provided help to who Chuddy and his Gang, forget Mavrodi dem just dey use hin name

Spot the difference.

As far as I'm concerned these are the reasons:

Number 1 - Greed

Number 2 - Greed

Number 3 - Greed

Hmmmm

we don hear oooo

Lol. MMM must have really dealt with the mod who keeps bringing these to front page.

Walai! Seun wants MMM losers to cry well well.
Provide help, get help. "Ko ni da fun mavrodi"

Lol

nawao

Haven't you heard the saying 'Idle Money is barren of income', without any form of sentiment... MmM saved lives too...why do we also fail to see that aspect?

b4 now have been used to bashing MMM participant in threads like this that graced front page.
I really feel their pains

MMM crash their lost, My Pain.

Mmm wahala

tofolo:
Spot the difference.

One belongs to a country

The other to a zoo.

please leave mavrodians alone...their money, their investment, their gain or loss not your business.

MMM people have moved on with their lives na

MMM didn't fool Nigeria. Buhari did.I was the biggest fool.