₦airaland Forum

lanrexdo:
I will remove the gear and the battery and give the rest for you.. lol.. any it can't fly at that price. already state my last price.

apogeez:
Yhur the most foolish human being I ever seen did MMM told u to use ur house rent, school fees, ur salary... only ur spare money I knw ur one of those that took everything they have to get all u they don't dream of

NgeneUkwenu:
MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now.

MMM Zimbabwe made a lot of people rich but eventually made a lot more poor, typical of any pyramid/ponzi scheme that has come into existence.

Yes, the whole concept was to use “spare money” and this is probably the gospel your guiders preached throughout your participation but the truth is many participants succumb to the lure and excitement of earning “free money” at 30% interest just because you helped someone and at some point you would need help too.



In Zimbabwe, as we later realised, a lot of the guiders made a fair bit of money, with many of them converting their “mavros” the MMM digital currency into BitCoin and bought cars from Japan and continue to enjoy their money safely stored in BitCoin wallets, which is probably why a few weeks ago BitCoin in Nigeria was trading at an all-time high, they knew this was coming, and they cashed out before you could.

In Zimbabwe the first signs of MMM Zimbabwe coming to a halt when the Reserve Bank effectively distanced itself from any activity outside of its regulatory scope, they were powerless to either stop MMM Zimbabwe or help those who could potentially be affected by its subsequent demise.

This made a lot of MMM Zimbabwe participants wonder what exactly was going on to have the whole Reserve Bank come out and say they have nothing to do with MMM, confidence still remained but eyebrows started to get raised.


The smart participants caught wind of possible system crash and initiated a wave of withdrawals (GH) which led to another public blow for MMM Zimbabwe, the mobile payment system they had adopted as their primary means of transferring money to each other also distanced itself from MMM, citing it had nothing to do with any illegal activities that may or may not be happening on their platform. Again, confidence remained, but more eyebrows were raised.

Then MMM East Africa, MMM Zimbabwe’s parent organisation, froze all participants accounts and promised to have them reopened in a month after the Mavros system was replenished. The freezing allowed people to PH (deposit) but would not let anyone GH (withdraw) and this left a lot of people confused, the end of the fairytale ride was truly coming.

After the accounts were frozen, MMM was hit with increased public pressure which finally resulted in it reopening accounts, BUT, there was a catch, the Mavros had lost 80% of their value and were now trading at 1 USD = 5 Mavro, yet before it was trading at 1 USD = 1 Mavro,

We suspected that the change in the exchange rate was meant to prevent people from withdrawing as they could face massive losses of up to 80%. But on the other hand, the change in the exchange rate could have been placed to lure in new members after MMM promising that the exchange rate will stabilise back to 1-to-1 news existing members did not take well as new members would be offered free money while the old member are stuck in the system due to their accounts losing 80% of its value.

It was a take it or leave it stand-off between MMM Zimbabwe and its members, but that wasn’t the end of it, MMM then released another bombshell by granting participants access to just 1% value of their accounts, this is after the 80% reduction in value.

This meant that a participant may have had 10000 Mavros, losing 80% value to $2000, but can only withdraw 1% of that value which is $20, that is if they are fortunate enough to be matched with someone willing to Provide Help (PH). After the withdraw of 1% your account will be cleared out, leaving you with 0 Mavros in the system.

This was effectively the final blow and end of MMM Zimbabwe, very few participants got out with anything but the few that did are quite happy with all the hard work they put into getting new members and “guiding” them through the system earning bonuses and high-interest rates.

We were able to catch wind of some official communication which placed the affected MMM Zimbabwe Members at 66,000 and had MMM moving $3 million USD at its peak, a paltry figure if you compare Zimbabwe’s population to Nigeria’s which some media outlets are placing at a million victims.

Will you ever got your money back? Well its really up to you as participants but from MMM Zimbabwe experience the system is effectively shut down.

http://www.techzim.co.zw/2016/12/mmm-nigeria-mmm-zimbabwe-crashed-similar-happening-now/

apogeez:
Some time I wounder why some people don't get this 'Ponzi scheme' where do u want MMM to get the money to pay millions of participant, some people got their money back an ran away an never PH a pin how will the Shceme survive. when u PH did u pay to MMM account NO u pay ur fellow participants right? So u people should do the needful thing. One more thing u can't compare MMM to other scheme... So go back and login and do the needful #MMMPAYS

Dexol:
MMM is dead already . If you ph and paid in 2017,there is no more limit to gh. MMM is cool only for the guiders bonus which is more than what a consultant even earn.

macanthony25:
Just passing

ekanDamie:
and dats how dey will wanting people to wear suit for job dey don't have.
maybe they are expecting visitors tomorrow and need you people for show.

XtraSmooth404:
They are back to finish their mission

akabu2016:
ICSL make me waste my service money all in the name of interview here and there. They keep doing internal interview and picking people they like and neglecting other. Forming ethnic or trying to be standard yet they are corrupt. The position are given to their loves one. I am so angry and sometimes I feel like bombing that building. God remove such thought from me. Stop this useless intern interview .

debbie:
since last year? Haaa. Have you been called before now

coolesmile:
Just move on. MMM is gone. Life goes on.

ponzihater:
Lol. They cursed the hell out of me. Shun Ponzi Schemes my friends.

kbshow100:
I know some people are tired of this MMM story, but what baffles me most is the resistance of the members to accept the obvious fact.

I tried calling the attention of my fellow guider in SKYPE group that we are, they start raining courses on me, some even threatened me,
The truth is that guiders made a lot of money in the scheme to an extend that they don't want to believe that that the system is gone for good.

In case you are wondering, i made over 2.5 million naira from my leaders bonus(guiders bonus). I bought my first car with MMM money, tokumbo Toyota camry 1999 model

I did not PH more than 150K throughout my stay in MMM. You can clearly see that we(guiders) kill the system.

Fo4 those asking for apologies, I'm sorry that i have none to give because it was clearly stated that its a Risk and you take your chances

I still have some money in the system (money i made from my guider bonus) about 400k.

Below is a proof that I'm a guider, and the conversation that we had in the guider group.

You are free to ask me any questions regarding MMM

900warriorz:
its not funny....so, shut the fvck up!