prettyboi1989: People join a system because it seems to be a money spinner without checking out its origin to know if it is a reputable and credible venture or not.
According to wikipedia, МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
Alot of nigerians will lose their money when the chips come crashing.
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.
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.
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.)
On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue thescheme, but soon ceased operations. At thatpoint, 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.
Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in hisfraudcase against him (The criminal case consisted of 650 volumes, each 250-270 pages long). At the end of April 2007, Mavrodi was convictedof 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. He later went on to creating yet another pyramid scheme called MMM-2011.
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". The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank. 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).
leye4u: can anything be done maybe using the bank details to locate him
yes but chances are very slim to trace the own since they're claiming to be the company even the bank account can be registered as business account with fake details but I don't know maybe police can trace them
gidimasters: Hmmmm manando1 help him out since you are in South Africa
I've never heard of this company they must be some possibilities that even this website he had provided is just a fake website the company doesn't exist physically
usmanktg2: Our company wanted buying mercury, we saw a seller online () from Johannesburg. We paid $1800 for 1 flask (35kg) in his account in ABSA Bank, South Africa, since then he didn't ship it.
The seller have been complaining of difficulty to airlift the mercury, rejection by some courier & cargoes. Since then, all their contacts are not going through. We need your help on how to go about it.
I don't buy from africans online anymore since I was scammed R50 by a south african company that claimed to offer domains , with oversees companies I've never experienced this nonsense
Mynd44: The other charges should hold but possesion of charms? What if they met a bible there? Will they charge him for being in possession of a "criminal Bible"?
Nonesense
sir hi I hope you're doing well, if you don't mind may you pleas clarify for me in which way does the bible commit crime in your clarification please don't tell about pastors but tell me about crimes committed by the bible itself , because without applying what is written on the bible to your life you'll keep on doing wrong that the reason I m saying please don't tell me about pastors who doesn't apply what is written on the bible in their life but yet you use their life to classify the bible as a. 'Criminal bible' thank
planetx: You religious folks should stop misinterpreting that verse from the bible. Love your neighbor is not talking about loving the white man because the white man is definitely not your neighbor nor does he treat you like one. Your neighbor is your fellow black man that you have no problem stealing cheating killing selling into slavery from, that's who God is telling you to love as yourself.
first of all I ain't religious Sir but I m born through Christ , secondly you should know that God does not classify us according to our race or color but we all the same before his eyes the only thing that makes us different is sinning if I sin and you living you life right then before him we won't be the same now racism is the sin doesn't matter whether you black or white
If I look to this picture it simple tells me that they were no enough chairs there so women kneed while men were standing they were not kneeling for the white man but the picture is being misinterpreted. open your eyes people war is not between the race but the war is in obeying the word of the Lord if you hate whites you're automatically rebelling to the word of the Lord that says LOVE YOUR NEIGHBOR AS YOURSELF organizations that are in power of controlling the world they're forcing blacks and whites to hates each other
musicwriter: I never told you there's a South African tribe called Gad. I said Gad mentioned in the bible have been identified as the Zulu tribe in South Africa. Honestly, I don't expect you know these things as this's not your everyday religious or history topic, rather, this's lost history.
(1). Deuteronomy 33: 20 said ""And of Gad he said, Blessed be he that enlargeth Gad: he dwelleth as a lion, and teareth the arm with the crown of the head".
The keywords for the tribe of Gad are HORN, LION, HEAD GEAR. Using these information and from other chapters of the bible, black scholars in search of the "biblical" 12 tribes of Israel have traced the tribe of Gad (mentioned in the bible) to a people in Southern Africa.
Below are pictures of a people who dressed and continue to dress as described in the bible, above.
Of all ethnic gropus in the world, only Zulus or at least Southern Africans wear these types of costume, are obsessed with horn, lion, matching what was described in the bible!. That's how researchers arrived at this conclusion. And, this's exactly how forensic investigation works.
(2). Genesis 49:19 said "Gad, a troop shall overcome him: but he shall overcome at the last". The keywords are TROOP, SHALL OVERCOME HIM, BUT GAD SHALL OVERCOME AT LAST.
bro I was born as a Zulu and I was taught our history in school I've never heard of anything like this you're saying the horns you're talking about are use as the traditionally we are not obsessed about them
musicwriter: Eri was mentioned in the bible as one of the sons of Gad- Genesis 46: 16. Gad itself has been identified as the Zulu tribe in South Africa.
It becomes clearer why there're similarities between Southern African names and Igbo names.
#TheLostHistory
don't lie theres no Gadi Tribe here in south africa Gandi is an indians surname who came from india to south africa they're not a tribe , Zulus are the nguni Tribe I belong to that tribe so stop talking nonsense
sapiosexual1: All these nonsense rites and rituals just to wear a feather cap and sit on a wooden chair to lead a boring life. Dang! Many actually didn't read between the lines, the 'dying' was symbolic and not factual.
Business › Re: The Ponzi Scheme Called MMM Nigeria by manando1(m): 10:49pm On Aug 25, 2016
