₦airaland Forum

eph12:
From participants

Okay, so you do admit that MMM runs no interest generating investments and only pays previous participants from new participants.

We are definitely on the same page so far.

So, what happens if for instance, there are no new participants in MMM, what then becomes the fate of old participants?

How would they get paid when there are no new participants?

eph12:
Oya

Nice one

Okay, I guess I'll go by asking you the first question:

Where does the 30 profit per month for participants come from?

lets have a one on one debate with the best mavrodian addressing and not bypassing each point.

So if you are a mavrodian, here is your chance to convince the whole Nigeria why MMM is right and anti MMM-ers are wrong.


don't be chicken

Mujtahida:
You have no real argument. Just fluff and pap, nothing more.

no real argument

cosade:
I found it difficult to believe someone would write these.

dude, why are you still bothering

I do appreciate your patience in trying to lecture these MMM dudes though, but maybe it's time to let go Yes

on second thought, you can keep spreading the truth though, I'm sure some will take heed

bydot1:
I kinda feel like this should be the next level. I seriously need one too

I'm telling you bro, for real. One at home and one in your car.

this is what every resident in Nigeria may face one day, God forbid.

I need a gun badly

there should be a movement to legalize guns in Nigeria, then we may learn to respect ourselves, cause you won't know who is packing

so freaking sad

Benuromi:
The painful part, is video him and no human feelings or sympathy. I cried and shaken watching this video. God will punish everyone of them that take part.

violent people always act like they don't feel pain, they will be stoning someone with a battery sized stone, but can't even take an injection.

God will surely punish them, he has to and I so wish it will be me he will use to punish them

not like the guy shot people or something

this shh is too sad men, just ruined my day

and then the fvcking goverment, police, military... won't do shhh

tired of this country men

why didn't the police just go there and shoot all of them

McPerry:
I wounder how the wife will feel seeing this...

I pray she never sees it and just tries to move on, cause seeing your loved one killed this way is enough to scare you for life.

God will wipe away all our tears one day, i have to believe it.

I need a gun in this country men, i need one badly

Benuromi:
I feel sad for Nigeria my country. Human life is nothing nowadays. Watching people die is now part life, video someone father, brother, uncle dying. Tell me who is clean among you to killing someone? I guess they never intended to kill motorist or bike guy.
I shake my head for animals living among human.

very sad, look at the way they are just stoning him wish all sizes of stones


wish i had an ak47 on me and i was there, no mercy, since they didn't sow an atom of mercy

honestly, i don't know why police can just come and mud all of them, what are they afraid of?

If i had a gun on me, I would have shot each and everyone of those mudafvckers

I'm close to tears right now

someone is already down and you are whipping him in the eye with belt close to ten times?

stoning him casually with rocks?

Meeeen, God, why?

I just want to kill them all, torture them before I kill them

Diligence:
It behooves all great stakeholders of MMM to be steadfast & never allow the spineless little tyrants who want to remain ignoramus cast misgiving on ur chosen stakes. With respect to Mrs Obama, when they stoop soon low, we go hi! I hereby activate this from this day: may that which they wish MMM participants befall them all!

u guys are just too daft men, sigh

yemmy66:
Go to midst of MMM participants and say this.




They can kill you there




They are in angry mood now seriously

i know men, i know

kelechiodo:
A scam inititiated by Russian mafia. Very deadly set of mafia the world has ever known. The most painful is that members still believe that somehow their money is kept somewhere to be handed over to them when it resumes in January. I forsee the site opening in January, thats for sure, but the question is, who provides the help. That Nigerians refuse to ask themselves questions concerning the 30% is totally heart breaking. Who provides the so called 30% and 10% for the guider. Its totally a thing of great concern when you hear your enlightened friends telling you that its a way of taking from the rich to settle the poor and everyone becomes happy. Oh Nigerians, who has bewitched you.

But to none participants, please let us mellow our voice. 2 friends of mine who "invested" 400,000 and 900,000 respectively seriously hoped on recouping thier "investment" on 14th January. Mere looking at them, I realised that the date is their hope. They actually needed to hope for sake of their sanity. And on my own part, I never discouraged them but instead told them that the site would open but that they may be told to wait about 2 months to recoup. They need all the encouragement even though they refused to heed to my initial warning.

Please let not not dash their hope because they are actually in stage where they deny what is happening to them and its good for their sanity.

It's like a catch-22

You are here praying that your friends recoup their money, but in order for them to successfully recoup their money from a Ponzi Scheme, while the scheme is still in operation, others would need to lose their money and be right were your friends currently are.

So for 2 of your friends to be free, 4 others need to fall for them.

such a deadly web ponzi schemes are

myners007:
MMM – Nigeria unmasking the well perfected scam
The fact that MMM-Nigeria was a well perfected scam cannot be over emphasized, but to its gullible, myopic and greedy members whose monies are still trapped in it and are yet hopeful of getting it back, reverse is the case while to those with discerning mind, the obvious is the case.
For those of you who were greedy and stupid enough to have fallen prey to perhaps one of the greatest Ponzi scheme scam in the history of Nigeria, please accept my heart felt condolence because I also almost fell for it late last year when one of my Facebook friends marketed it to me. But it was after an afterthought that I decided to conduct an exhaustive research in the internet on its origin and mondus operandi, the result was what made me to refrain from investing in it.
The result of my search on MMM Ponzi scheme reveals that its three Russian founders, founded it based on criminal intents to knowingly scam unsuspecting members of the public of their hard earned monies by relying and preying on the greedy side of human nature .
I strongly believe that the founders of MMM-Russia had no hand in the launching and execution of MMM-Nigeria because MMM is not a global registered trade mark and as such anyone can make use of its name (though I may be wrong) but I believe rather that MMM-Nigeria was the brain child of some few smart criminal minded Nigerians who saw the MMM model as the near perfect tool to coolly and wittingly scam Nigerians of billions of their hard earned monies and escape justice.
And did they successfully scammed millions of Nigerians? Of course they did and it is quite obvious that they are likely to escape justice because unlike the case of MMM-Russia whose founders identities were known to the Russian authorities, hence their subsequent persecution after the scheme failed, the identities of the founders of MMM- Nigeria is shrouded in mystery as a result of the intricate and ambiguous nature of the MMM model itself that does not require it being registered and regulated by designated government apparatus such as the CBN, NDIC and CAC before it can be operated, but with this article, I shall attempt to proffer clues(which is open to inputs from well-meaning Nigerians) of how their identities can be unraveled and possible persecution achieved by the relevant Nigerian Law Enforcement Agencies.
We all know that MMM-Nigeria is a member to member give help in order to received help with 30% accrued interested on initial sum of help rendered after a period of one month and vice versa platform powered strictly by its website.
The begging question was…. since MMM members only donates monies directly to each other banks accounts without passing through a third party, how then could they have been scammed?
The fact that the MMM model is a website based platform is one ambiguous nature that makes it a near perfect tool for criminals to commit massive frauds and get away, because monies donated as help or received as help by its members are done directly via members to members bank account numbers without it passing through the MMM model central system, thus its admin cannot be successfully persecuted in any court of law if it decided freeze or shutdown the website for any obvious reason in any guise of system technicalities.
MMM members could of course be scammed because it is the admin of its website that has the sole power and control to determine which member’s bank account number is to be send to a potential member willing to provide help.
This is where the catch is, the admin (who is likely among the few super/top guiders) along with the others, are the smart criminal mind behind the scam MMM-Nigeria. The reason for this deduction is not far-fetched. The super/top guiders working in close collaborations with the admin of the MMM-Nigeria site perfected the plans whereas it was duty of the super/top guiders to bait, enticed and ensnared their greedy victims with irresistible returns on their investment, it was that of the admin to finish them off once the target has been achieved.
Let me explain, the super/top guiders started out by convincing people to join the MMM platform to provide help and in return gave back help to them of their initial invested sum along with 30% promised interest at the end of one month, thus gradually gaining the trust and confidence of the gullible public. Mind you the 30% interest (bait) was from the personal pockets of the super/top guiders the initiator of the scheme.
Once public trust and confidence has been gained, it’s now the public that are now sourcing for members to join as there is also additional bonus to be gained from referrals. With its popularity amongst members of the public on the increase and the public’s greed at mid pitch, the system balances itself as a result of the large number of members willing to provide help and the super guiders no longer need not pay the 30% interests and other bonuses from their pockets.
The super guiders through the aid of the site’s admin surely knows when the public greed will surely hit high pitch, Now once the public greed has hit an all high level where millions of greedy members are willing to invest their life saving, it’s then they kill it off.
This was what they did a month prior to killing it off. The admin will only be sending the banks accounts details of the few super/top guiders(who might not be more than 5 in numbers) to millions of members requesting to provide help of huge sums ranging from N100,000 to N50m and above and when these monies which amounted to billions of naira have been received successfully, they instruct the admin to pack up shop by freezing the website while concocting any flimsy excuse like system maintenance or upgrade as the reason, and once this is done of course they will not be required to provide help back to the millions of their members who had previously gave them help along with their expected 30% and other bonuses.
This was how the scam was successfully perpetrated, crashing the system once there have rake in billions from their teeming members as members whose monies got trapped cannot hold any single individual or organization responsible for their loss.
The only way to unravel their identities for persecution, is for the federal government to through the CBN or EFCC to mandate MMM-Nigeria members who invested above N100, 000 before the website was frozen to provide the payment tellers with which they made payment to the members who the admin directed them to provide help to. A scrutiny of the tellers collated will definitely revealed a pattern which will help to unmask the details of the brains behind this unprecedented Ponzi scheme crime.
Unless they are willing to proof me wrong by resuming operations as promised by 13th Jan, 2017 and continue providing help to its members, consequences upon I may reconsider investing in it.

Nice write up, but the last paragraph was not so good.

what proof can a sane mind such as yours get, that would encourage him/her to invest in a Ponzi Scheme

it's like asking for proof to become an armed robber.

Nice write up non the less

if at all this scheme returns in January, it will be either a restart or to suck up the last few people it can.

Just imagine if the total money "PH" is N100,000. That means total "GH" woould be N130,000, plust 10% guider bonus, so lets say about N140,000.

That is a deficit of N40,000

You are thinking "more people would join to upset this deficit"

ok, so lets say more people join and "PH" N40,000. The total money in the system is now N140,000. GH will now be 182,000, plus 10% guiders bonuses, GH is now 196,000

So as you can see, instead of solving the problem of the initial deficit of N40,000, all new participants would have done is now to raise the debt to N56,000.

The ever growing deficit, equates to peoples money.

...and they say people should laugh, people are haters, bla, bla, bla

but look at how they insulted me on this thread for blowing the whistle on the MMM pyramid scheme

anyway, the wise ones will listen

How MMM-ers envisioned spending Christmas this year before...


https://s-media-cache-ak0.pinimg.com/originals/2d/6f/4f/2d6f4f9ca29afe215cd6cefccc64655f.gif

ThisYourTatafo:
For obvious reasons I'm compelled to state categorically that Nairaland ower Seun Osewa is anti mmm... Whether he has been coerced or brown enveloped i do not know but, what i do know however is THIS MAN IS AGAINST MMM.


When people were empowered by MMM for months and ordinary citizens were cashing out and making a fortune, not a single success post about MMM was posted on front page of this great forum.


If you care so much about Nigerians why not organise training programs for the teeming youths seeing you are a first class witness to the decadence in the society. You even have a moniker HungryBoy and HungerBad (With all due respect to HungryBoy and HungerBad)


No be every guy man dey do yahoo Yahoo... Most of us seek legitimate means to double our cheddah and MMM came along and truly it helped ease some stress cause i tell u bruv, if u get paid 100gs in this present Nigerian dispensation, e no o even reach u my guy.


Those of us who have a knack for legit hustle, do not cast the hopes of uswards by pushing fake news on your platform.

You may be doing more harm than you think.


You say DON'T POST MISLEADING NEWS ON NAIRALAND AND YOU MY DEAR SEUN ARE THE FIRST TO VIOLATE YOUR SO CALLED RULE.


Mmm
did
not
crash
and surely I'm not an agent or a propitiator for this beautiful family called mmm but i assure you, you are gonna have more deaths in your hands if you keep posting misleading topics bound to arouse public frenzy and chaos.

People believe what they read on Nairaland cause IT IS THE NUMBER 1 SITE IN AFRICA FOR AUTHENTIC INFO.

I stopped visiting other sites a long time ago cause of the poor and shallow news been propagated there.

Let me end this by saying

U did not promote wizkid while he was in the kitchen, now d nigggaaa don get bread and u r d first to post news about new baby mamas...lol... Go figure.


MMM has not crashed, don't wish death on a brother.

Seun is against MMM because it is a PONZI scheme, or as my igbo brethren would say, it's a KPONZEE

The money that people made, is other peoples money.

If MMM participants really cared, they would refund all their profits to people that are presently suffering right now, but would they

would they provide help now

or must the help only be provided through MMM? with a 30% return

harmbhrosz:
and the mavro is directly equivalent to a currency abi? Take the mavro to the bank and go withdraw cash na

i went to zenith bank the other day to cash in my nairaland likes and shares, but they were looking at me somehow

harmbhrosz:
lol....Na you be the mumu, the guy even stated it that the website is what is being controlled from Russia not the members money.

but i thought the "mavro" is on the website

chineduemmao:
Ain't it funny? no! common guys this is me, as a blogger i spend 90% of my 24 hours online that definitely means that i saw this pop up news on my PO-office before anyone else did even our so called "journalists" but you know what i logged in and saw the news and also saw that i have been merged to pay 60k to somebody... i never had double mind transferring the money, even till this moment i have not had any doubts in the ufreezing of the mavros in time to come (maybe not in january am expecting it to be around 6 months from now) you know why? My reason is because this system is based not on any market strategy like demand and supply, lose and gain; it is completely based on being "human". Most people do not think of what to do to make sure that at least 51% of the people who come in contact with them leaves in a happy mood, maybe because we are previledged enough to sleep under an alluminium roof at night with a celin fan whining above, cooling the air engolfing us, we iron our clothes at will and sprey nice cheap perfumes, and walk down the lane comfortably pulling out #50 from our wallet to buy a hankerchief to complete the groove we never know what it is like to sleep on the road demarkations or on floors of locked store fronts or in the market places (mosquitoe ladding) this system has adopted an idea quite phenomenal, an idea that is first of all not capital intensive in the mass interest of the initiator, Mavrodi slept, used his brain thinking long for God knows how long on a way to make things fair for everyone, how to end the things he did not like happening around him, how to make a name for himself in a positive way unlike 99.9% of our Nigerian leaders who doesn't have any original ideas in their brains. I paid in despite the fact because i am paying it to somebody who has payed to another, i paid it because i am suppose to, i paid it because by the grace of "christ" i am richer than that and that is what life is all about "doing the things you should while you can". Even if MMM never recovers in nigeria (courtesy to the media fighting against it), i will for the rest of my good life applaude Mavrodi for using his brain to cultivate a very good idea that has the potentials of ending hunger in millions of homes across Nigeria i will forever respect whoever it was that brought this idea all the way from Russia to us down here. Stars only appear in the dark MMM was one among them, at the dark time in NIGERIA it glowed!!!

What about the Russians that committed suicide because of Mavrodi

Are you also thanking God for that

... and quit the bullshhh, if you really wanted to help somebody, you would have gone down the street to do so and not through MMM, mtcheew

They say MMM is meant to take from the Rich and give to the Poor

At least, una done make Chuddy a rich man

una don make am rich, so why all d panick av u not provide help una don help chuddy na, no be so afterall, is a community, an ideology, something that no one can understand

Chuddy right now:

https://alaowerri.com/wp-content/uploads/2015/01/eating-chicken-see-sorry-vegetarians-large-msg-128800726781-288x330.jpg

tiwasiaife:
U derive joy to see the downfall of ur fellow being
while u go to church or mosque asking God to
better your life. how do u expect God to answer
such prayers when your heart is filled with evil
hatred and bad intentions. but my assurance to
all of you is this: Come next year january mmm
will comeout stronger and stronger and most of
you will regret ur actions towards your fellow
humans who are looking for a means to survive in
bad economic situation our govt has placed
us.God bless movrodi God bless Nigerian
participants God bless us all.

derive joy

God bless mavrodi

dude are you okay

Some people just want to stay ignorant sha

anigbajumo:


Na Yer papa money we take do it,it is non of ur problem. Keep on spreading the hatred news,it can only thwart the mind of chicken heart participant,am still yet to see how how ur hatred news will stop me to PH by DEC 24 nd Jan 9......

have you provided help to the helpless yet this christmas period

but you want to provide "HELP" so that you can get 30% back on your "HELP", chai

Na now I understand why naija no dey get hero like Superman or The Flash, cause their help go cost

Please can someone with photoshop come up with a small banner that depicts MMM participants stretching their hands out saying "Please Provide Help"

I think that would be really funny

a cartoon depiction that tells a story like this:

https://s32.postimg.org/n2lj2dtp1/cartoon2day.jpg




then also show the potential help providers looking at them like "kilode"

I think that would make for a viral meme

all these mmm participants couldn't care less about those that will eventually lose all their money in the scheme, as long as they make money, chai

I don't know why it's so difficult to convince people that the 30% bonus comes from new participants.

I guess they already know, but don't care.

they are waiting for new mugus to provide them help, sigh

Corrinthians:
She's making a very good point. I keep wondering myself; why do some people desire to see mmm crash? Does it hurt them seeing people rise out of poverty? What joy is there seeing people's lives ruined from huge loses? Would the validation of their suspecion that something would go wrong with the scheme raise their standard of living in any way?

Confidence has been ruined and it might be difficullt getting it back. But come what may, mmm changed a whole lot of lives for the better.

@the bold, what do you mean

we have told you guys time and time again that it will definitely crash, but you guys believe the 30% is sent down from heaven or something.

why are Nigerians like this