ddippset:
lol. they want pmb to give them small 'credit' for the defeat of the boko boys but they don't want to take small 'debit' for the fall of the naira and for the economic recession. everything good in this regime was started by Jonathan but everything bad is Buhari's making! bascard dan buro uba.

you have said it all.....

ConcNiggress56:
I think say olamide don pack go island ni.. What is his kid doing on the main street where they push cart??


When they tell you not to have a child out of wedlock, you will not listen.

that is not OLAMIDE son

gurunlocker:
Bloggers and fake news.... That's not Olamide son... it's just the random pics he do post for those that make his latest hairstyle.


Una con edit the post when you don know say na rubbish news you post before....

bro they never mentioned he was OLAMIDE son.....

Richie0974:
So that's his son, interesting.

Passing on the baddo lifestyle to the kid ba, Kwontinue.

Dyed hair... Tinted hair.

that is not his son bro

Geraldyne:
dis is mini badoo

no it isn't.... That is not his son

Oildichotomy:
Please this is for them bunch of ignoramus pervading the cyberspace.

Vitiligo ain't a disease - it is a skin-condition of some sort where the skin just looses it's pigmentation.
O tàn

it's a disorder, some also called it a disease

Nutase:
On point.

what is on point there??

FreeGlobe:

why are all yoruba governors owning workers nothing less than 2 years salaries.. honest answer

answers his reasonable question first??

Blowing bangers and i can remember I used to buy toy guns

Mumu dude plenty for here ooo...

I have nothing to say...anyway, merry Christmas

Were re oo

Yeye award

Are you a MMM investor?
You are Cordially invited to 7 days powerful fire vigil
at iyanapaja along Somolu junction
Theme: DA OWO MI PADA KIO SI GBA OWO MI FUN
MI. @ 9pm prompt.

Be there... MMM: MOLE, MOBA, MOTUNGBAPADA

eezeribe:
Those youths that burnt his truck can never afford one, even in ten life times

how can someone mumu like this?? Of a fun ee oo

donfemo:
we like holidays, Christmas day is on a sunday while declear Tuesday a holiday?

boxing day is on Monday

luscioustrish:
Morning: bread and tea

Now: efo riro and fufu

I'll still eat like 2ce before midnight

Yes I'm breastfeeding

fine babe

Which kind thread be this anyway nha bread and fanta I wan chop

timidapsin:
Disclaimer: I am not against MMM and i have never done it before, I even believe CBN, EFCC and other top government agencies deliberately wants the scheme to crash,
And the only way it will crash is if people stop doing it.

Rest my case!

stop deceiving your self, I'm also doing mmm and my money is in frozen mode as well.. The truth is this mmm of a thing will still crash one day whether the government or anyone else's want it to crash....it's normal phenomenon, it's ponzi scheme so we should expect the worst

LMAO!! very funny.... I pray say make mm come back cos my change dey there.

ThumbzTNA:
Ugly piece of sh1t gay looking untalented nigga

smh no be by force to talk na

Beauty pelu brain

Trut:
A typical black man/woman doesn't have the intellect to invent, create, produce or manufacture something that will better the society, but he/she will be the first to criticise, condemn, hate, badmouth, destroy and damage reputation of something created by someone to benefit the society.

No amount of your useless and wicked articles against MMM can stop me and other fellows from PHing and GHing in MMM.

Those who don't have money to participate in MMM and those who don't have the mind to take
risk are ones writing LUBBISH against MMM on their useless blogs.


#NdiIsiOjiiiiii

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.
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 ]
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 .
Stock Generation
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 ]
South Africa
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] and has started up again late November 2016.
Nigeria
In November 2015, MMM launched a website targeting the Nigerian audience, also claiming a "30% per month" return including other acquirable bonuses. [6] The entity was self-described as a "mutual aid fund where ordinary people help each other." [6] 2.4 million people had signed up by late 2016, with the country's unemployed as primary targets. [6] Nigeria's Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. [7]
China
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)

akoko11:

I tire o

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.
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 ]
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 .
Stock Generation
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 ]
South Africa
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] and has started up again late November 2016.
Nigeria
In November 2015, MMM launched a website targeting the Nigerian audience, also claiming a "30% per month" return including other acquirable bonuses. [6] The entity was self-described as a "mutual aid fund where ordinary people help each other." [6] 2.4 million people had signed up by late 2016, with the country's unemployed as primary targets. [6] Nigeria's Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. [7]
China
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)

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.
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 ]
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 .
Stock Generation
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 ]
South Africa
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] and has started up again late November 2016.
Nigeria
In November 2015, MMM launched a website targeting the Nigerian audience, also claiming a "30% per month" return including other acquirable bonuses. [6] The entity was self-described as a "mutual aid fund where ordinary people help each other." [6] 2.4 million people had signed up by late 2016, with the country's unemployed as primary targets. [6] Nigeria's Economic and Financial Crimes Commission has confirmed that they are monitoring the scheme. [7]
China
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)

dicksonadams:
Got a total of 105,000 naira, but my 100k dey freeze inside.


In the end Na 5k I gain. Assuming I know I for done jejely commot the whole 105k, those people played on my greed .

Shared your experience or that of anyone you know

https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

dicksonadams:
Got a total of 105,000 naira, but my 100k dey freeze inside.


In the end Na 5k I gain. Assuming I know I for done jejely commot the whole 105k, those people played on my greed .

Shared your experience or that of anyone you know

Fact about MMM https://en.m.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

futureenergy:
MMM has just made the best decision. I advised one of the guiders to suggest MMM should be on standby from 10th of December. Like they read my mind. Very Good!!! Before we crash this thing with our Christmas mentality.

read ham ......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.
History
Russia
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

Thee mogbe oooo

Yhee owo wogbo, i know say this thing go crash[sup][/sup]