progress69:
Hello Nairalanders,
I was compelled to write this article after reading several comments on social media about MMM.
I usually think it was a difficult thing to brainwash people, but I just discovered that its very easy especially when money is involved. It is alarming to see even graduates can't even think with their brains.
I want to state categorically, no matter any English used to quote the MMM scheme, be it Donation platform, helping forum platform, Investment platform, whatever it is called, MMM is a ponzi scheme.
I also want to state categorically, putting banners or disclaimers like B&H or White London cigarette, or any other cigarette brand that "Smokers are liable to die young" does not stop people from smoking, hence putting "Use only spare money" on MMM website will not stop people from using their live savings or borrowing for the scheme. Using this as a justification to promote the scheme is therefore null and void.
MMM did not just penetrate Nigeira without having foot soldiers. They definitely have done their homework in connivance with Nigerians as they would have done in other countries.
Why?
In my humble opinion, its a nasty lie and big deceit that MMM does not have accounts hence your money can never be stolen by MMM.
Why is this? There is no way the inflow of cash into the scheme will be the same as the out flow. There must be a deficit or an overage. This brings the need for accounts where excess mavros will be mopped into in case of an overage. I understand there are other bonuses such can be channeled into but how can one sincerely track that. This is where the Nigerian foot soldiers come in. In the case of deficits, we see a crash, a pause, or delay in matching participants.
MMM's owner being an ex convicted fraudster can recruit Nigeiran foot soldiers from the Dark web. These are websites you don't see on search engines and usually require softwares and configurations to access. This is were you find hackers, gun runners, drugs cartel, big time fraudsters, child porn syndicates, gamblers, whistleblowers etc. Some Nigerians are members of some of this groups and cartels on the dark web hence recruitment of foot soldiers to open proxy accounts to assist in the fraud is never a problem.
Take a look at this scenario;
If i am an Admin in MMM, all i need to do is match a prospective helper to my foot soldier whose profile is controlled by me the admin. You as a participant dont even know if the profile matched to you as provided help before in the past or not. You simply believe whatever you see as put by the admin on such profiles.
It is very possible that MMM is already ripping and skinning participants alive without them knowing. Foot soldiers accounts who have never provided help can be matched with ignorant helpers. If this is done, money is being mopped out of the system gradually till the system fails. That is a possible scenario.
Secondly, in my Opinion MMM is being watched and silently investigated by international intelligence agencies just like they do to drug cartels, child porn syndicates, Credit card fraudsters. Unlike EFCC and DSS in Nigeria, where arrests are made before investigations, agencies like the FBI will take their time, gather evidence and strike to nail the coffin once and forall. MMM crash may not even be a Nigeria thing, it is going to be global.
No sane government, i repeat no sane government will watch her citizens idle away cycling money in a ponzi scheme which have zero benefits to the economy and will crash and hurt her citizens someday. Recycling money within a clan of greedy participants, without no real capital investments is killing an Economy rather than helping it.
Telling John to pay James, while he waits for minimum of 2 weeks for Peter to pay him too with 30% profit or Reward as being touted by MMM promoters and on and on like that, will definitely implode right on your face. The money goes within participants and not into any form of capital investments to yield profit. Excess pledged mavros definitely ends up somewhere.
Where is that?
If MMM wants to close shop and bolt off with money today, all that is needed is to match targeted helpers (probably the ones with larger amounts) with accounts of foot soldiers to provide help to. Ideally you have no business with whoever you provided help to once confirmed, so you can't really hold anyone responsible, should the website fail to open tomorrow.
In conclusion, MMM WILL crash either by self implosion or by international/local intelligence agencies intervention and many will loose money. Particularly the very greeedy ones and the newbies.
[size=15pt]Reccession is not an excuse to be greedy, fact remains, Recession or Not, People will still participate in ponzi schemes for quick riches![/size]
Thanks and God bless
Written by koboko69
Editted and Published by Progress69
progress69@speed.1s.fr You were really compelled, appreciate your concern..............................Its very obvious and very clear that you are very jealous that Nigerians are helping themselves. You should keep your opinion to yourself. Nigerians who are patronizing the scheme understand the risks and wants to elevate themselves from poverty and fund a lot of projects in their lives and since you are very comfortable and well to do then don't discourage others who want to help themselves because you will always be tagged "Enemy of Progress". Nobody has the right, whether the FG or who so ever to tell a Nigerian on how to use,spend or invest their money that will benefit them. Its not anybody's business and for your information there are billions of all types of schemes out there. MMM still dey learn. Like it or not, the Cryptocurrencies are permanently here to stay in the whole world and majority are moving all their cash to it. Fiat currency has lost it, the digital currency has gained it. Do your research. |
Investment › Re: The Inevitable Implosion Of The Ponzi Scheme "MMM" -progress69 by danc4j: 1:43am On Nov 17, 2016*. Modified: 2:16am On Nov 17, 2016
