kcsystems:

Take time to read before condemning mmm

MMM South Africa collapses – and starts over

Controversial “donation platform” and alleged Ponzi scheme, MMM South Africa has collapsed and rebooted amid what it calls a “media panic”.

In a notice posted to participants of the scheme, the group said that “persecution against MMM organized by the mass media” has provoked a panic which has forced the scheme to “start all over again”.

The group’s administration said that the scheme’s currency – “Mavros”, named after the scheme’s founder, convicted Russian fraudster, Sergey Mavrodi – had been frozen and were impossible to use.

The group blamed the collapse of the system on media reports and South African banks, which it alleges have hurt and robbed “millions” of people who were part of the MMM scheme.

The scheme said it has started over with a clean sweep, with a plan to compensate users for any Mavro funds which were frozen.

The “old” version of the Mavro currency will be ‘bought out’ through trades of the “new” version of the currency, where equal value would be paid out to participants over six months, using 10% of total trade – effectively placing a debt burden on all participants.

The notice popped up on participants’ dashboards over the weekend (1 May 2016), but was no longer appearing by Tuesday, according to users. The notice was captured and posted to social media, however:

Dear participants!

Unfortunately, the persecution against MMM organized by the mass media has provoked a panic. We have been working in South Africa for almost 2 years and we have millions of members. During all that time, we had no complaints and accusations from participants, everything was paid to everyone in time and in full amount, by 30% per month. We held charity events and helped children. We did a lot of useful things for people! Well, who was suffering from this?

The bankers and the adherents of the current unjust financial system. That is why they planned and brought all these crazy investigations and persecution in the mass media. “The only thing which prevents the investigation is the fact that non of the participants reported to the police”. If there are no complaints, and everybody is happy, then what is the investigation for? What is the subject? Did not they understand the consequences? Did not they understand that their irresponsible actions would hurt people? Millions of people! Well, try oppressing any bank, even the most reliable one, in the same way, and see what will happen tomorrow.

However, it is futile to explain that to them. MMM prevents banks from robbing people, that is the only reason why all this is happening. And nobody cares about people. If we managed to pay millions of participants 30% per month for two years (and would still be paying, if the mass media did not lie about MMM!), why do banks not do the same? Why do they offer only a few percents a year? Make your own conclusions. Thought everything is clear right now. You are simply robbed, we have always been saying it. The modern financial system is predatory by nature. It is not for ordinary people, it is for the bankers. Its purpose is financial slavery! And it achieves this purpose perfectly.

In general, in this situation, we have to start all over again. We have no choice. You can see on your own what is happening.

Hence,

The current (“old”) Mavros are frozen. Any operations with them are impossible.
With the development of the system, we will send 10% of the total inflow (of all the PHs) to pay for the “old” Mavro. According to the experience of other countries, we can definitely say that in the normal course of events, all the old Mavro debts will be paid off in about six months.
“New” Mavros (Mavro bought from the moment of this announcement) are introduced. You can use them on a common basis: to ‘acquire’ and ‘withdraw’ them at any time.
All of this, of course, is not very nice, but it’s not the end of the world. We will quickly pay off “old” Mavro debts, no doubt about it. You just have to wait. (And anyway, you can thank your precious media and banks for this “gift”!). The best thing you can do is just to start participating again, that is all. And you will quickly return everything, even with a benefit. Moreover, now is the most favorable time to participate and invite: in fact, everything starts from the beginning. So do not miss your chance! :-))

We hope for your understanding, Administration.

http://businesstech.co.za/news/finance/122271/mmm-south-africa-collapses-and-starts-over/

Jethrolite:
You guys need to come work for MMM, I heard the salary is N450k monthly.
Do you know with this thing you described here you can get paid every 20 days? I'm currently looking to reduce it to 15 days. So I get paid twice in a month using the same money.

marv1:
Expanciate more?

Jethrolite:
On what exactly? Working for mmm or getting ph twice a month?

Ndawe:
Getting twice a month please

Jethrolite:
On what exactly? Working for mmm or getting ph twice a month?

marv1:
what is ph? check my no below let me call u.

marv1:
what is ph? check my no below let me call u.

MoFolorunsho:
This morning, I will do my best to explain wot really happened in MMM Zimbabwe in order to calm panics in d mind of misinformed MMM participants.

MMM Zimbabwe offers 100% mavro growth in 30days. This was implemented to attract participants due to the economic hardship in the country. This mavro growth for those of us in business is called market penetration. Again their mavro was never frozen just like ours in Nigeria which multiplies for 15 days and also freezes for that long before withdrawal. What happened in Zimbabwe is an implementation of what is already going on in Nigeria. MMM has seen that they don't need no market penetration to attract participants. They mavro growth was reduced from 100% to 20%. 10% below what we are getting in Nigeria(30%). And the mavro is also frozen for 14days just as its been done in Nigeria. The Nigerian Model works perfectly fine and MMM is trying to implement it globally. So there is no collapse of any structure, its just a remodelling of what is already in place in Nigeria
Again this is what happened in south African in April. They reduced their mavro growth from 50% or so to 30% and 20% with other schemes like lotteries introduced. And I can categorically tell you that the South African Mmm community is growing faster and better than ever after that change and reduction in mavro growth.
Some other points to note is: The writer of that piece, has absolutely no knowledge of how mmm works, and the main aim of it is to cause panic. Zimbabwe MMM is still going on even with the 80% decrease in mavro growth. Did anyone lose their money? No. What happened is when u pledge 10k, instead of getting 20k reward in 30days, which is 100% reward, u get 12k which is 20% reward. They are still rewarded with 2k. In Nigeria we get 3k reward for 10k pledge. So did anyone lose their money? Absolutely not. Has it stopped MMM Zimbabwe from continuing? Not at all.
The Nigerian Model of MMM Works perfectly so let's keep it going?

Jethrolite:
if you're already active then study the average it takes from when you ph to when you get an order, it should be 21 days on average. What you do is take the 30 days from ph to gh and minus 10, so every 20 days from ph you ph again because you know 10 days or so later you'll get your gh. You keep repeating the process until you're very sure of it then you start giving ph every 15 days and you'll gh twice a month. That's 60% monthly when you gh twice monthly. Now here's how to increase your money to 80% monthly. Use your link to register a person you trust won't run away with your money and execute this system in their account. So while they get 60% monthly from the system, 20% will come to you as you're their upline. Making 80% monthly.

Emitrix42:

~
i just hope it is true so that our people go hear something how can someone~ ~give you 30 percent bonus just for helping someone where would the money~ come from, they are just waiting for more cows to invest before crashing (if they have not crashed yet)mtcheww~.

Jethrolite:
if you're already active then study the average it takes from when you ph to when you get an order, it should be 21 days on average. What you do is take the 30 days from ph to gh and minus 10, so every 20 days from ph you ph again because you know 10 days or so later you'll get your gh. You keep repeating the process until you're very sure of it then you start giving ph every 15 days and you'll gh twice a month. That's 60% monthly when you gh twice monthly. Now here's how to increase your money to 80% monthly. Use your link to register a person you trust won't run away with your money and execute this system in their account. So while they get 60% monthly from the system, 20% will come to you as you're their upline. Making 80% monthly.

ayogabriel:
could I talk to you privately on this issue please. what's app. Thanks in advance

Jethrolite:
No sir. Please delete your number from here and send me a PM. I'll reply immediately I receive it.

talkingood:
Pls i want to ask abt MMM bonus on refferal ȋs it every time i PH dat d person dat refers me ll get 10% or only d first time i PH

dandollaz:
Please can someone comfirm if MMM is still working.someone just called me this night that it has crashed.