Na wa oh

Wetin concern MMM with that is not paying it's customers.

BAD BELLE PEOPLE.

SHAME ON YOU PEOPLE

The Thread is based on FALSEHOOD!

For the initiator, he was HIRED TO WRITE THIS FOR A PENNY!

Government agencies should go and tackle the Naira-Dollar wahala, Nigerian Stock Exchange imbalances, Boko haram, Corruption (in judiciary, Aso rock and co), Unstable govt policies and so on; make them leave us and MMM alone.

I dey beg una bad belle people.

Join MMM for free. GET FREE EBOOK ON MMM. SEND YOUR EMAIL ADDRESS TO MY PHONE NO.

adeyeye5353:
MMM is alternative to solve economic problem, unemployment, thousands of unemployment has take the advantage of MMM to start a business ,to married etc When someone true with NYSC govn we ask u to focus agricultural, how much loan did govn provide for each graduate after passing out. Please MMM is for real!!!!

U are very correct.

Praise God!

[s][quote author=NgcoboP post=48665276]South Africa 2016: LIKE play like play I warned them about investing in HYIP and rather do a physical business like trading, imports and exports..... but stubbornly they refused and laughed at me.... I kept quiet watched them put in the hard earned money... fastforward a few weeks later they had been duped.... "problems with the repayment system" meaning the fraudsters' exit strategy. No substitute for hardwork keep your money.... do legit biz deals. Avoid unnecessary suffering..

They the six Nigerians were introduced into the scheme by a friend who had also profited (but also lost out in the end), and they in turn brought in friends looking for easy money (MMM claim to offer) .... one of them got a pay out and that gingered more people to "invest" and by the time it collapsed the number of victims were more than those who benefited or profited from the scheme. The koko of the yarnyarn it that the victims outstrips the beneficiaries..... be wise, the initiators of the scheme have their own exit strategies ..... Nigeria is tough without getting scammed as it is already.... don't let yourself be scammed. #peaceout....

Thank you. I decided to make this thread as a result of posts I have been seeing about MMM please be wise, don't be lured by easy money. Read the book "the richest man in babylon"


https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s.[1][2] By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.

Contents [hide]
1 History
2 See also
3 References
4 External links
History[edit]
MMM was established in 1989 by Sergei Mavrodi,[2] his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames.

Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion, leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful.[citation needed]

MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi's initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export.[citation needed]

MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment.[citation needed]

An important factor in the scheme's success was word of mouth, but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov. Another notable marketing effort was a giveaway of free Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others).[citation needed]

At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.).[citation needed]

Regular publication in the media of the rising MMM share price led President Boris Yeltsin to issue a decree in June 1994 prohibiting financial institutions from publicising their expected income.[citation needed]

The success of MMM in attracting investors led to the creation of other similar companies, including Tibet, Chara, Khoper-Invest, Selenga, Telemarket, and Germes. All of these companies were characterised by aggressive television advertising and extremely high promised rates of return. One company promised annual returns of 30,000%.[citation needed]

On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide.[citation needed]

Several organisations of "deceived investors" made efforts to recover their lost investments, but Sergei Mavrodi manipulated their indignation and directed it at the government. In August 1994 Mavrodi was arrested for tax evasion. However, he was soon elected to the Russian State Duma, with the support of the "deceived investors". He argued that the government, not MMM, was responsible for people losing their money, and promised to initiate a pay-back program. The amount ultimately paid back was minuscule compared to the amount owed.[citation needed]

In October 1995, the Duma cancelled Mavrodi's right to immunity as a deputy. In 1996, he tried to run for Russia's presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997.[citation needed]

While it was believed that Sergei Mavrodi left Russia and moved to the United States, it is possible that he stayed in Moscow, using his money to change apartments regularly and employ a group of former special agents. With the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies' stocks in a form of the "stock exchange game" on the company's site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission, losses of victims were at least USD 5.5 million.[citation needed]

Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long).[citation needed] At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007.[citation needed] He later went on to creating yet another pyramid scheme called MMM-2011.

The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies.

In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network".[3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank.[4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg.[5]

In 2016, MMM launched a website targeting the Nigerian audience.[6][/quote[/s]]

This fellow is a sponsored BLOGGER

Old Story, Be weary of this fellow spreading FALSE News!
O. Y. O

See Level

Please I am interested Send me email at Kasonagbaka@gmail.com

Is it still available?

Too bad

joke indeed

Benefits of MMM to Nigerian Society.

(1) MMM has created room for more Data Plan purchase. Glo. MTN. Etisalat. Airtel.

(2) MMM has also created an avenue for Banks to make more money. The transfer we the MMM members do with our mobile banking and also direct payment in bank. We are been charged #105 as the case maybe. For each transfer. So you see that banks are benefiting.

(3) MMM members buy things in the market very often. The market woman are able to sale their food stuff. Even Fast FBenefits of MMM to Nigerian Society.
(1) MMM has created room for more Data Plan purchase. Glo. MTN. Etisalat. Airtel.
(2) MMM has also created an avenue for Banks to make more money. The transfer we the MMM members do with our mobile banking and also direct payment in bank. We are been charged #105 as the case maybe. For each transfer. So you see that banks are benefiting.
(3) MMM members buy things in the market very often. The market woman are able to sale their food stuff. Even Fast Food, Restaurant are booming all because of MMM.

(4) MMM has also educated the society and its member through Seminars. Let people know that one most not suffer so much to get paid. Creating avenue for people to learn computer, To be able to P.H and G.H.

(5) MMM has Crown it all by giving back to the same society that Benefits from it. Example are Charity organization are been set up. Orphanage home visitation. Taking care of Burnt Victims. Just to mentioned but few.

(6) MMM has been able to engage the minds of young and the unemployed, and has given them courage to withstand this harsh period of recession.

(7) For the civil servants' in this period of delayed salaries payment, MMM system has sustained them and has never delayed payment nor owed.

(cool for Nigerian students of Tertiary institutions MMM has been able to provide them feeding money, pocket money, money for book,school materials and even tuition etc. Thereby helping them to have better college life.

(9) MMM has been able to bridge the gap between the upper and lower class individuals of the Nigerian society by creating an avenue for everyone to meet basic needs.

(10) reduction of cyber crimes. MMM has motivated
Nigerian citizens that instead of defrauding pple online to make money that they should Rather PH and GH and that way no one is hurt.

(11) MMM has further enhance fairness, care and national unity. In the spirit if PH and GH we do not choose ourselves who to help but the system does' that way encourages to help our fellow country men/women.

(12) MMM has helped Nigerians to be conscious, and thereby killed dat spirit of africa man time. As d system has shown us dat time is of essence.@ ph & GH.
The list can go on as d benefits are enormous and cannot be over emphasized.

Therefore the SEC and FG we do not need to fight the system that is helping us in several ways. Is like biting the finger that feeds u. If u haven't benefited directly' certainly u know someone that has. MMM has come to stay. MMM Is d change we need, Truly MMM pays.

Together we can change the World.

For further information about testimonies , how it works, and registration call/whatsapp: 08095387058

CBN will soon apologize to MMM Nigeria for
False blackmailing the operation of MMM in Nigeria.
South African has lead the way.

Fighting MMM is fighting a wrong cause.
MMM has a very positive agenda in all
the countries were they operate.

See pics.