₦airaland Forum

Squad4:
If you have no problem with scamming people of hard earned money then you wouldn't have a problem with MMM. The system is working now but if you have half a brain you know it is designed to collapse someday. And when it does the people that would have lost their monies would be the victims and those of you collecting the monies now would be the scammers!

So please we understand how MMM works and it's interesting however I and the rest like me that oppose it have a moral view to the possible effect of the impending loses and for this reason I will never be part of MMM. It has nothing to do with wether I know you or not it's just a reap off scheme and people might commit suicide after these loses; thoughts like that would never allow me to do MMM.

So please guys carry on but quit trying to recruit us here we have heard it clearly.

Think about it and do the right thing;
Do the morally correct thing!

One of the ironies of the information age is how it’s turning out to obscure rather than improve our understanding of what’s really going on. The pressure to report quickly errs towards unverified reporting, or reporting based on facts distributed via unchecked sources or biased lobby groups intent on propagating causes, which in turn leads to an abundance of misinformation which confuses everyone. In addition, if you have morals you would not have made the above statement...

In addition please list or post a link of any MMM member that was scammed...i dont understand...

105africa:
MMM Global only gave South Africans the bad news with a post on its website saying “We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to be able to pay 100% per month.”
Less than three months after the company collapsed in South Africa, MMM Global, a Russian Ponzi Scheme company has opened shop in Nigeria with the domain name-

read more here:
http://www.105africa.net/sponsored-mmm-global-scam-read-failed-russia-south-africa/

One of the ironies of the information age is how it’s turning out to obscure rather than improve our understanding of what’s really going on. The pressure to report quickly errs towards unverified reporting, or reporting based on facts distributed via unchecked sources or biased lobby groups intent on propagating causes, which in turn leads to an abundance of misinformation which confuses everyone.

Is it a scam to have a system that brings a community of people together that financially help one another, willfully, without being forced?
Is it a scam to have a system that creates a platform for individuals to combat poverty at its core?
We always say fighting poverty is a collective effort; Now instead of people stealing, cheating or robbing they join their hands in good heart to provide financially help to one another, is that scamming really?
Is it a scam to see families that couldn't afford to bring food on the table now able because of the financial help they have received from other nembers?
Is it a scam to see students who couldn't afford to have pocket money and monthly allowances in tertiary institutions now able to afford because of MMM?
Is it a scam to see entrepreneurs rising from the capital money raised through MMM and in return they contribute to the economic growth of this country and create employment to thousands?
I will tell you what a scam is?
A real scam is to hinder people to their financial freedom yet encourage them to keep borrowing from your system so that they work for you and pay the rest of their lives if they live that long...
A real scam is to have someone work 40 years of his/her life and after retirement that person must take the fruit of his/her years of hard labour and pay the debts and bonds that refused to end because of ever increasing interest rates.
A scam is when your bank sends you an sms alert to inform you that you have earned #0. 50 on your money, and later charge you #4. 00 on the sms alert. Your bank also charges you exorbitantly every month on something you know nothing about ; and there's nothing you can do other than to keep quiet because you have no choice.
A scam is when your mobile network provider charges you on the service you never make a request for (caller tunes, news updates, etc..
SAY YOUR OWN......

It is boldly written on the MMM website...USE ONLY YOUR SPARE MONEY!....What is the guarantee that you will step out of bed tomorrow...there is no guarantee in anything in life..be wise...

yorex2011:
I really hope people don't commit suicide at the end.
Everybody going round talking ideology this, ideology that lol.

Purewater business sef is better than this. Imagine buying bags at 100 naira and selling retail per bag @ 150. That's 50 percent gain.
And you know your not milking anyone.

I'd choose purewater business anyday over this lazy man's crap.

Even sports betting may be better, 1.30 odds is just too easy. You can comfortably and consistently make 100 percent profit monthly sef lol

If only you spent the time to read the post ahead of you...i am very sure you would not have dragged us back 100 years...i dont know you but if you had been to the four walls of a college or university your best would have been a 3rd class!..i feel so sad when young people cannot think deeply, see beyond their nose!...too lazy to research and make informed decisions....its wise to keep shut when the brain is empty..

Taydex:
It is highly lucrative. You receive 30% of help provided within 2 weeks or 1 month. Follow this link http:///?i=tayo.ticl@gmail.com

Mr you better keep your dirty and greedy mouth shut there...dont bring in people into MMM without letting them understand the ideology behind it...Educate people about what is going on about how MMM's goal is to reduce the gap between the rich and the poor..how MMM ideology can reduce poverty....

What do you mean highly lucrative..MMM is not an INVESTMENT company you hear...

Kindly modify your post or remove it if you dont have anything tangible upstairs....

MMM is not an INVESTMENT. MMM is not an INVESTMENT COMPANY.

Please if you are joining MMM because of profit reasons then you are missing the whole point of MMM.

MrsExplorer:
I envision this post would be really long and i don't want it to be so i'll just go straight to the points and post relevant links. I would not try to convince you as i believe you are sane enough to come to your own conclusions. So lets see..,


WHAT IS MMM? History And All What Not

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.

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.

An important factor in the scheme's success was word of mouth.

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.

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). 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. He later went on to creating yet another pyramid scheme called MMM-2011.

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

But let me guess, that's all bullshit. An idiot that doesnt like the guy wrote that right? Well this is what is on their site

WARNING!

There are no guarantees and promises! Neither explicit nor implicit.

There are neither investments nor business! Participants help each other, sending each other money directly and without intermediaries. That’s all! There's nothing more.

There are no securities transactions, no relationship with the professional participants of the securities market; you do not acquire any securities. (Do you need them? :-))

There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may "lose". "Win" might not be paid. Without any reasons or explanations.

And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))
http:///warning/


Now which legal business would give you that kind of Caveat? ...might not be paid? You invest 200k and you might not be paid? ...you can loose all your money and participate with your spare money...., ''So in this economic downturn you can actually invest your spare money in something that you might not be paid? My dear Goodluck to you.

But that's not even all you should know.

One of the ironies of the information age is how it’s turning out to obscure rather than improve our understanding of what’s really going on. The pressure to report quickly errs towards unverified reporting, or reporting based on facts distributed via unchecked sources or biased lobby groups intent on propagating causes, which in turn leads to an abundance of misinformation which confuses everyone.

Is MMM really a scam?
Is it a scam to have a system that brings a community of people together that financially help one another, willfully, without being forced?
Is it a scam to have a system that creates a platform for individuals to combat poverty at its core?
We always say fighting poverty is a collective effort; Now instead of people stealing, cheating or robbing they join their hands in good heart to provide financially help to one another, is that scamming really?
Is it a scam to see families that couldn't afford to bring food on the table now able because of the financial help they have received from other nembers?
Is it a scam to see students who couldn't afford to have pocket money and monthly allowances in tertiary institutions now able to afford because of MMM?
Is it a scam to see entrepreneurs rising from the capital money raised through MMM and in return they contribute to the economic growth of this country and create employment to thousands?
I will tell you what a scam is?
A real scam is to hinder people to their financial freedom yet encourage them to keep borrowing from your system so that they work for you and pay the rest of their lives if they live that long...
A real scam is to have someone work 40 years of his/her life and after retirement that person must take the fruit of his/her years of hard labour and pay the debts and bonds that refused to end because of ever increasing interest rates.
A scam is when your bank sends you an sms alert to inform you that you have earned #0. 50 on your money, and later charge you #4. 00 on the sms alert. Your bank also charges you exorbitantly every month on something you know nothing about ; and there's nothing you can do other than to keep quiet because you have no choice.
A scam is when your mobile network provider charges you on the service you never make a request for (caller tunes, news updates, etc..

smellingmenses:
Intelligent. I can't be training you not my job. But then from my kind heart.

You will complain soonest don't worry.

So cheap..that was a typo moFo...well you cheap sha....

FADEO:
NATA,, thread carefully, dont get greedy

Read this

Everything you need to know about the MMM Bitcoin scam
by Duncan Riley | Feb 29, 2016

Everything you need to know about the MMM Bitcoin scam
If you haven’t heard of the MMM Bitcoin scam yet consider yourself lucky, but this Ponzi scheme continues to do the rounds, both in the developing world and first world, to the point where SiliconANGLE’s previous coverage continues to gain traffic as more and more “members” attempt to sign up new users.
So what is the MMM Bitcoin scam, which often goes by the name of MMM Global and regional variations such as MMM China? (Now MMM Nigeria)

Here’s everything you need to know about the MMM Bitcoin scam.

What is MMM Global

The original MMM was set up by Sergey Mavrodi in 1989 and morphed into a Ponzi scheme in around 1994, primarily based out of Russia.
That original version of MMM resulted in Mavrodi, a former Russian parliamentarian, being jailed for fraud for running it.
The current MMM Bitcoin version emerged in around 2011 following Mavrodi’s release from prison, and follows the same Ponzi structure as the original.
What is a Ponzi scheme

A Ponzi scheme is an illegal investment scheme where the person or organization running it pays returns to existing investors from capital paid into it by new investors, rather than profit actually earned by the company itself.

Typically companies running such schemes offer higher than usual profits. Variations include the High Yield Investment Program (HYIP) which MMM Global falls under, in that it offers particularly high (even for Ponzi scheme) returns, or as the name suggests, a high yield.

What is MMM offering


MMM Global/China likes to cloak what it’s offering by saying that it’s not a HYIP scheme, but a “mutual-aid program” where members pay each other … which is really just a fancy way of saying they’re a Ponzi scheme without actually saying so outright.

The MMM scam’s mutual-aid program promises a 30 percent monthly return to investors who invest as little as $10, payable only by Bitcoin.

A side program call “MMM Extra” offers a full-blown HYIP rate of a staggering 100 percent per month, or a cumulative 409,600 percent per year; if that doesn’t ring alarm bells you probably deserve at this point to lose your money to them.
MMM MLM & Affiliate programs

MMM Global/China isn’t simply just your based level Ponzi scheme, at least in its current incarnation, in that it offers both an affiliate scheme and multi-level marketing (MLM) scheme on top of the base offering.

MMM Global
An affiliate scheme is one where you obtain a “referral” bonus (usually a percentage or set amount) for doing certain things, and is a completely legitimate way to make money, at least when it’s not referring people to something that is illegal to begin with, and was popularized online by Amazon.com, Inc.

With MMM, those who sign up are able to obtain affiliate payments for referrals or for posting positive testimonials online, with users receiving 10 percent from what the company refers to as “all donations of the participants you invited.”

A multi-level marketing scheme is a system where a sales force is given a commission not only for sales they generate directly, but a cut of the salespeople they have recruited make as well; while an MLM in and of itself is not illegal (Amway is the most famous MLM of them all) many MLM’s end up being illegal as they rely more on the revenues passed along via the “downline” (the path from original recruiter down multiple levels as people they have signed up sign up others, and so forth, often as far as 10 levels deep) than they do the original product they were allegedly trying to sell.

The MMM MLM involves power users becoming managers who create their own multi-level multi-level structure that offer tiered bonuses from all contributions of the members of their structures, which in this case is their downline.

Is MMM Global/China legal?

MMM claims among other things that it’s not a high-yield investment program (HYIP), and that it is legal, because it is a mutual benefit fund that sees people “help each other for free, and absolutely consciously … transfer money directly to each other, from one bank account to another, without any conditions, guarantees and promises.” This is complete and utter rubbish.

Ultimately the test of any of these sorts of things is whether the company involved is actually offering a product, or simply relying on payments from new investors to fund the returns of existing investors, and that’s exactly what MMM Global does.

A Ponzi scheme is most definitely illegal in all Western jurisdictions, and in countries like China is classified as an unlicensed investment organization, which also makes it illegal.

If I invest in MMM, will I get into trouble?

The obvious answer is not to invest in a scam like MMM Global to begin with, but lets just say you do, or already have.
There’s no clear answer here as it depends on the country you live in; ultimately authorities are primarily going to be interested in those running the scheme versus those sucked into it as investors (potentially victims).

However, there is usually a distinct line between those who join, and those who actively recruit.
If you are recruiting people to MMM Global/China or any of its similar country based variants, you are promoting an illegal activity and you may well be liable to prosecution.

A not to dissimilar Bitcoin-based Ponzi scheme ran through Hong Kong and Taiwan last year and in both countries those promoting it, that is not the founders but those who signed up then tried to sign up others, were arrested over their involvement.
There would be no difference in mainland China, or indeed any western country, should you be involved at this level.

I’ve invested in MMM but can’t get my money out, what do I do?

If you’ve already invested not knowing what you were getting yourself into, the bad news is that it’s highly unlikely you’ll ever get your money back. However that doesn’t mean that you can’t do anything.

Report the scam to local authorities, that may mean local or State police, or even Federal Organizations ranging from the FBI, through to securities bodies such as the Securities and Exchange Commission (SEC) in the U.S., and the Australian Securities and Investment Commission (ASIC) in Australia. (Nigerian Securities and Exchange Commission)

You may have lost your money by investing in MMM Global, but that doesn’t mean you can’t help stop others getting caught up in the scam and assist in putting the people running it behind bars, where they deserve to belong
http://siliconangle.com/blog/2016/02/29/everything-you-need-to-know-about-the-mmm-bitcoin-scam/

Chief the easiest thing to do is to copy and paste low level hungry bloggers content...pleasee I know you are far far smarter than this....and you understand well what I am talking about...you know fully well more than most people the lie we live in at the moment on earth..please I would prefer you use you intellect to do hardcore research and come to a logical conclusion based on facts and correct information....who you epp?....before castigating a free and fair platform....

alwelldinho:
I concur, MMM is scam but with MMM i have been able to get a piece of land, i already started a structure on it. With MMM, im securing my future with a reasonable investment. Keep reading what oyibo people wrote while we boldly the risk. I dont need people like you with a negative mindset around me to succeed in life. i got the balls and i joined MMM, whatever outcome, i take it as a man. Im one guy MMM has touched his life positively....

Do you understand what you are saying at all..it's obvious you joined for profit reasons...let me educate you...MMM was not built for profit making but only to stop the poor from getting poorer..if you cannot help your fellow human..then you need not be in MMM....it is not a scam...it's more inclined towards charity....you need to be educated about issues...or rather stopped from participating because you have the wrong mindset

NgcoboP:
SOUTH AFRICA: PONZI-SCHEME HAS FINALLY COLLAPSED!
Cape Town – Russian convict Sergey Mavrodi has allegedly gone into hiding after announcing that his Bitcoin-based MMM Global scheme had failed and was shutting down this weekend.

MMM South Africa – its local branch - is one of nine companies being investigated for being an alleged Ponzi scheme by the South African Police Service’s Specialised Commercial Crimes Unit, after the National Consumer Commission’s initial probe in 2015.

The South African “community” has been growing in numbers over the years, as South Africans seek ways to escape debt and poverty. It has even been described as a stokvel by some, and has become an emotive topic for those who buy into it.



Officially, the SA platform said its members are encouraged to donate money to others by rewarding them with the bitcoin-linked virtual currency - Mavros - in return, and can apparently get 30% return on their rand investment by doing so. A Ponzi scheme occurs when a return is 20% higher than the repo rate, which in SA is 7%.

“We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed,” the last Facebook entry on MMM Global states. “We turned out not to be able to pay 100% per month.”



The alleged scheme is based on the bitcoin currency, which is a digital asset and a payment system. The South African version of MMM, which offers 30% returns, is still operational and said the crash will not affect is members.

MMM describes the system as a “technical basic program, which helps millions of participants worldwide to find those who need help, and those who are ready to provide help for free”. To create a personal account people must donate a sum of money which would allegedly be paid to an existing user who had made a donation request.

For the given money participants are granted with a number of “Mavros ” – MMM digital currency – equivalent to the sum which was donated. It is claimed that twice a week the system pays interest on users’ Mavros accounts – up to 30 percent per month. Users can request an ever-increasing sum of money equivalent to the number of Mavros they have. In his weekly online address to South Africa Mavrodi positively assessed the current developments of MMM in the country. “Everything is wonderful in South Africa. The dynamics of the development are high. The participants and managers are active… Everybody is paid,” he said. MMM claims that South Africa is just one of many countries in which the pyramid scheme operates.

The website reports about MMM activities in Russia, Ukraine, India, Indonesia and other countries. It also had a presentation in Maseru, Lesotho, on August 1. The MMM South Africa page in Facebook has more than 22,000 likes showing that the scheme is popular. Sergey Mavrodi is known for creating the biggest finance pyramid in Russia which collapsed in 1994 leaving thousands (according to some unofficial estimates – millions) of people without their money. According to further estimates, MMM clients lost over $100,000 million.

After the collapse of MMM, which was a classic Ponzi scheme, Mavrodi disappeared. He was found and arrested in Moscow in 2003. In 2007 he was sentenced to 4.5 years in prison but was released having spent all the time between his arrest and judicial verdict in prison. After his release Mavrodi created a number of financial pyramids such as MMM-2011 and MMM-2012. Both of them collapsed shortly afterwards

http://searchsa.co.za/useful-info/MMM-PONZI-SOUTH-AFRICA-PYRAMID-SCHEME-COLLAPSES

Pele...hope say hand no pain you...I see you are new in naira land. ..3days old..something fishy here...information is everywhere now you heard....assignment number 1. Go to YouTube and post a link of a single complaint from any MMM member worldwide...please argue with facts....show people you are Inegligent. ..do not come and waste space by pasting wiki...and low level hungry blog contents here...Nigerians are far far smarter....
2. Do the world a favour by mentioning the names of your neighbours....

Datkachi:
pls what are u supposed to do if someone doesn't confirm ur payment

As long as you have confirmed and you have uploaded a (POP) proof of payment, you have nothing to worry about....just wait and call the person you PHED (provided help) to and if he or she did not not pick for reason we do not know..call the persons guider....and they will take it up from there...I hope this helped....please feel free to ask questions any time...wealth come

AyaSunday:
With your example, our grandmothers paid the money back by still continuing their contributions even after collecting their own share. But in MMM, we can opt out after collecting our share so your example is not valid for mmm

Ayasunday please always try to read and fully understand things before commenting. ..you will see I used the word commitment, truthfulness.....opting out is not good for MMM as well as our grandmothers...although parties in both sides have the right to opt out......they don't because they truly understand what it's all about....

Please try to understand things...don't be half baked

Kezzy24:
Please my question is,where is the 1% daily that amounts to 30%,gotten from?
Thanks.

Kezzy let me explain with an example on how it works....it works exactly like (in yoruba-Ayanilowo fowopamo) or Esusu...if i get the words right....like our grand mother do back in the days when a group of friends come/put money together say 5 of them, and one collects all this month and the other collects all next month and on and on....you see that the strength of that thing is on the entire 5s commitment, truthfulness, benevolence, kindness....

THIS IS EXACTLY WHAT MMM is but instead of 400 percent, members in MMM get 30 percent....cheers brother

FADEO:
MMM is a ponzi scheme and a cash gift system that is illegal in the US and you can go to jail up to 7years in some states if you participate in this system.

Anyway if you are in it, enjoy it while it last.

FADEO...LOL...PADI....MMM is not a a cash gifting organization o...please do your research well...its a community with people who are willing to help a fellow brother/sister with their spare money...please spread the good news....

Chief...gbagbe!...you want to steal ideas....simple....

You can invest in UK based crowdfunding...am actually into it for 2 months now and its gives me 500 t0 550 naira every day...
please whatsapp only....08120510330

Everyone knows that this is impossible. But an ignorant comes,
who does not know this and makes an invention
Albert Einstein

@op....The easiest thing t do is to come online, create a topic and paste what a blind man (mind) has written...
I will continue to say it...please you dont know who is reading your post...do your research before coming online, posting things you dont have FULL understanding about...
How can an unmarried boy advice on a 25 years crumbling marriage....

Further more, information is every where...easy to get...but unfortunately, the media, all these giants, well-established media are cruelly efficient brainwashing state-machines designed to keep you off the light.streamline your mode of thinking that things can not be done differently.

I am not an advocate for MMM....i believe only in the truth....do your research!...read!....listen to both parties.....and if you dont really know something,keep quiet...

Risk is everything..even sleeping at night...

this is just the beginning!!!