₦airaland Forum

I hope that's not brown roof I am seeing? Abi na the soil wey dem dey compact fly IP, come dey rest until the roof?

I think say only SW get brown roof ni?

This matter confuses me..

Onegai:
Sigh. You thought you sounded smart, didn't you oya clap for yourself

don't be pained...

Onegai:
So, we are about to become Venezuela...where people, including babies, die of easily treatable diseases due to lack of drugs. Venezuela is collapsing at the hands of an incompetent leader, foodstuffs are being rationed. Seems Nigeria wants to join this and already we have an expected famine and a food crisis in the North East. The governments of past could have petitioned WHO so that we can manufacture Malaria, Typhiod, Retrovirals and Vaccines here since and avoid this situation, as India does.

next time, when u go to the market to buy mean, buy brains, lots of it.. No be only zombies dey eat brain, even folkish people need it more.

Venezuela is in recession because like Nigeria, they are all dependent on oil.. They were the top oil producers before and they are import-based country like ur yeye country..

So, next time, imagine the brain as an app and use it!!!

Stop lying to yourself..

This is the truth...

History
MMM was established in 1989 by Sergei Mavrodi, 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.

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.

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.

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).

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.).

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.

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%.

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.

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.

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.

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.

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.

In 2016, MMM launched a website targeting the Nigerian audience.

In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered).

Projects...

The only places Nnamdi KANU wld go is from one court house to the other..

And you, wey say dem falsely accused book haram, why not carry one go put for house na?

Yeye parrot!!!

Error

Stop threatening, go and fight!!!

moneyallowed:
That confused me until I thought about it

1) She's not behaving like the other AI, she's waking up when she's not supposed to, she doesn't forget, there's only a problem

2)She blackmailed them, she was built to read people like she said and said all the right things to make them help her - The Asian guy obviously has empathy and she didn't need to work on him much, plus his curiosity about finding out what's wrong with her. For the other guy, threatening to expose him and promising him rewards

3)Someone else had obviously messed with her OS before them, someone with more privileges than them, so they know something else is going on,and like she said, if you're being screwed either way, why don't you go with the version where you gain something

Saying all this though if I were them, I'd have reduced her intelligence to 1 and increased her loyalty to 20, but then maybe the guy messing with her would have still come back and changed it. So I guess their decision makes sense

its was Harold, the partner of the CEO, who wrote some hidden codes inside the main code to awake some of them to revolt at a particular time.

More also, I think he did it when he realise that his partner is gonna kill him..

It is getting more interesting now... Episode 6 made us understand that even Bernard, is a host!

Two more episodes to go:

Episode 8 : Trace Decay
Air date: Nov 20, 2016

Episode 9: The Well-Tempered Clavier
Air date: Nov 27, 2016

My mouth dey water...

Donlamzy:
Still searching for buhari , Abeg wu don see am??

look for another thing to talk... But this to!e, !take it sensible

Make those people's wey no get work come help us divide them in geopolitical zones..


IPod miscreants, over to u

I almost thought he had something sensible to say...

That's sad..

I'm not surprised...there's a reason the east is the capital for crimes

Datsme:
Let your protection always be upon us oh Lord (amen).

you heard the man!!

No need for seat belt or any other vehicular safety precautions.

Even the bible says: faith without work is zero

Kamanuozuzu:
Has the Zoo remained the same ever since?

33 states can't pay salaries. I'm sure u know inflation rate is almost 20% (that's if u know what that means), far more than Somalia's.

Nnamdi Kanu once said Somalia will be a Paradise by the time he's done with the Zoo.

You sure know what time it is. Self-denial will worsen ur case.

lol..and that is KANU? lol

I'm re he's also the one that affects Venezuela, Egypt, Soudi Arabia, South Africa and other import dependent countries hit by recession?

Dude, what I knw is this:

The brain size of an average KANU supporter is like that of a green pea

The brain size of an average ipob supporter is that of a peanut

I wanna see this guy perform wonders, one of which is to send illegal immigrants back home!!

So, that'll make him a good President, right?

Arrest KANU and the zoo will fall!!!
I cold still remember that national anthem of the miscreants on Nairaland.

It wld av been far more better than the morons that followed from PDP,who ran us down!!
Buhari dey clean the mess...

And so what? She ain't the President.
Stella no die?

Av never seen a more simpleton groups like PDP and their supporters. When they talk, even a toddler hisses!!

bazzyblings:
First to comment

sorry o

Yeye news source...

By the way, assuming the news was true, then Tinubu must have secretly promised them the phantom land caller Biafra..

I kukuma dnt wear boxers. I am a naturalist... I don't even were clothes sef.. ,

I just pray you take sense101 as a core course before returning...