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Blvknora's Posts

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InvestmentRe: MMM Nigeria Is Back! by blvknora: 6:48pm On Jan 13, 2017
MMM is an Old Russian Ponzi or Pyramid Scheme whereby online users are being tricked into investing their money into and is not sustainable in the long run.

MMM claims that participants who donate money are eligible to request for the amount donated plus 30% interest after a month. But, without any of form of investments, products or services, how do MMM make money in order to pay back participants with interest?

The truth is, money from new participants or members is used to pay old participants. And, once MMM is unable to recruit new participants, the scheme will crash, causing participants to lose their money.



https://www.onlinethreatalerts.com/article/2016/11/18/beware-of-mavrodi-mondial-moneybox-mmm-is-an-old-russian-ponzi-or-pyramid-scheme/

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