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Read What EFCC Said About MMM - Politics (6) - Nairaland

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The osborne Towers, A Luxury Residential Complex In Ikoyi, Lagos Where EFCC Said / EFCC Said NO, MMM Is Not Illegal / See What EFCC Did With Recovered Loots So Far(OFFICIAL STATEMENT BY EFCC) (2) (3) (4)

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Re: Read What EFCC Said About MMM by Nobody: 7:02am On Nov 12, 2016
BiafraBushBoy:
It remains the best thing till it comes crumbling...

Not a prayer, but a certainty...

Russians didn't see it coming

Chinese people didn't see it

South Africans didn't see it...

I am an MMM participant, but trade with caution. Be mindful of how you lure new investors into the system...

Trade with Money you could afford to lose!!
U are obviously poorly informed, I have no doubt u are just a participant and a newbie in it, when u go farther ,u'll understand better... MMM is not crashing anytime soon.

For ur information. It is still working in south Africa, hail and hearthy ....
In China, their website was scrambled , so it was incapacitated there..
In Russia, it is illegalized so cannot be done there... These are facts , not the unverified hearsay u posted.

1 Like

Re: Read What EFCC Said About MMM by ayindejimmy(m): 7:06am On Nov 12, 2016
PeridotBelle:
I listened to NTA and was interested to hear from EFCC spokesman. He said it's not Law enforcement that will stop MMM but awareness for people not to patronize it. The law enforcement is aware that MMM doesn’t go against any law of the land. That even their operatives may be participants. The truth is that the people sponsoring all these media war are majorly stock brokers. The stock market is in shambles, they are the highest scam. So no sane Nigeria will allow his money to remain there after experiencing MMM. The banks are afraid not because they re not gaining alot from MMM but the deposits they use to loan out are gone. Depositors are breaking their fix deposits on daily basis and doing MMM. Our banks will be more of doing retail banking activities like transferring money than using people's money to amass wealth and keep the owners poor.

This is real financial revolution and you and I know that revolution comes with heavy price. It's either we be steadfast and win through this revolution and get financial freedom or we chicken out and remain on financial bondage.

The choice is ours!!!
I stand and will continue to PH and GH!!!

Contact me to learn more about our great community.

LONG LIVE MMM AS WE HELP OURSELVES ACHIEVE FINANCIAL FREEDOM


Are you sure EFCC released all these?
Who made the press release?
How Come it's not on any newspaper

2 Likes

Re: Read What EFCC Said About MMM by Nobody: 7:14am On Nov 12, 2016
Toniwirelex:
people are now getting scared... nobody would want to pay when they read about federal government's move.... i don't think i will pay when i finally get merged....
what is wrong with u brother, why coming to the community to spoil it, ain't u wicked? If u ain't interested why not cancel the order, why wait till u are paired to waste another persons time and put strain on the community, u are very wicked and an agent of evil, people like u should not be allowed to this community

7 Likes

Re: Read What EFCC Said About MMM by Ajiriobibi: 7:21am On Nov 12, 2016
Hello guys and ladies, listen to this hot song as you flex your MMM moni www.datafilehost.com/d/6849d787

1 Like

Re: Read What EFCC Said About MMM by Moblord(m): 7:35am On Nov 12, 2016
PeridotBelle:
MMM still the best thing that happened after jollof rice cheesy grin
before or after? you must be an expert in cooking jollof rice
Re: Read What EFCC Said About MMM by wadetaw202: 7:59am On Nov 12, 2016
Billyonaire:


For promoting and encouraging a globally known scam. I have seen this in many countries, the latest being zimbabwe and Kenya. I didnt know Nigerians will still fall for the shit.


I don't understand what you mean by "fall for it" Nigerians are benefiting from it and they are fully aware of the risks involved. Looks like you are among the rich that prefers the poor to remain poor.

And may I ask you : What is it you are losing because of MMM? are Nigerians collecting money from you to participate or what? If it shuts down and they lose their money? Is it your money that will be lost? So, why are you crying more than the berieved?

4 Likes

Re: Read What EFCC Said About MMM by PeridotBelle(f): 8:03am On Nov 12, 2016
Moblord:
before or after? you must be an expert in cooking jollof rice

After na! And jollof rice is bae!
Re: Read What EFCC Said About MMM by DeanAmbrose23: 9:04am On Nov 12, 2016
Billyonaire:


I will assume you know barely nothing about the scheme's history. A well-traveled person knows about the money pyramid schemes that comes around in different names from generation to generation. I can predict that people will commit suicide, some will NEVER be able to recover from the lost for the rest of lives if they survive. Some will curse Gods, and funny thing is, the developers of the system always target countries in recession cos the citizens are always looking for get-rich-quick avenues.

The reason I am not keeping quiet isnt because I care about you gullible people, I am doing it because when you lose your cash, some of you will become armed robbers and prostitutes and start disturbing the rest of us.
I thought you and your deceiving moniker died after the 2015 elections. Keep your nose out of MMM business Mr Billy Onaire.

7 Likes

Re: Read What EFCC Said About MMM by DeanAmbrose23: 9:08am On Nov 12, 2016
ayindejimmy:



Are you sure EFCC released all these?
Who made the press release?
How Come it's not on any newspaper
It was live on NTAi

1 Like

Re: Read What EFCC Said About MMM by Nogen: 11:13am On Nov 12, 2016
You can also invest in gold. That's one surest way of making cool money in Euros without the fear of it crashing.

I'm an investor and I can tell you it is worth every kobo invested in it.
Re: Read What EFCC Said About MMM by Nogen: 11:17am On Nov 12, 2016
At this critical time of our economy, investing in things that appreciate in value is the way out.
Our economy is completely in the toilet. Did I say toilet? I mean soak-away.

Having so much money in the bank doesn't guarantee wealth.

I decided to take my future into my hands rather than complain and blame the government for my woes.. I am about about to cash in big with my new gold investment.

100,000 naira two months ago is certainly not 100,000 naira today.Who else wants to learn how to turn a one time investment of 136k on 24 carat gold into 1.1million in next 4 weeks or less. Pm if you are interested and I will be more than happy to teach you.

2 Likes 1 Share

Re: Read What EFCC Said About MMM by ujiriukiri(m): 11:45am On Nov 12, 2016
MMM is simply a ponzi scheme(scam). Only people up the hierarchy benefit and when new members stop coming, it crashes.

The money of new members is used to pay people higher up the pyramid. What happens when there are no new members? No one gets paid. This is the reason why they always tell members to get new recruits so that the cash flow doesn't stop. The scheme can only go thus far! They pick countries with large population an target the gullible. MMM isn't the first ponzi scheme in Nigeria. The other ones have died off.

It is very legal. Bernard Madoff was sent to prison because as administrator he used members money for his own person stuff which is illegal. One of the founders of MMM (Sergei Mavrodi)was arrested for fraud in 2003 after the first collapse. He started another one called MMM-2011 and the current one(started in 2015 in) is based on this model. When MMM dies, another pyramid scheme would come out claiming to be better.

My advice "DO NOT PATRONIZE MMM" Put your money into a business no matter how small it is. Work hard and you'll get results.

2 Likes

Re: Read What EFCC Said About MMM by Nobody: 12:00pm On Nov 12, 2016
ujiriukiri:
[s]MMM is simply a ponzi scheme(scam). Only people up the hierarchy benefit and when new members stop coming, it crashes.

The money of new members is used to pay people higher up the pyramid. What happens when there are no new members? No one gets paid. This is the reason why they always tell members to get new recruits so that the cash flow doesn't stop. The scheme can only go thus far! MMM isn't the first ponzi scheme in Nigeria. The other ones have died off.

It is very legal. Bernard Madoff was sent to prison because as administrator he used members money for his own person stuff which is illegal. When MMM dies, another pyramid scheme would come out claiming to be better.

My advice "DO NOT PATRONIZE MMM" Put your money into a business no matter how small it is. Work hard and you'll get results.[/s]


Oh Yea ignorant Nigerian, what is a Ponzi scheme?
I know for sure that you don't know, wait let me educate you.

In a Ponzi scheme, old members don't pay back to the system, meaning that it's a one time thing, in mmm both old and new members PH and Gh, I as an old member have PH and GH twice this Month. Ponzi scheme is a one time thing, but in MMM, we old members keep investing more

Who said there is Heirachy and Pyramid in Mmm?before you condemn a platform pls educate yourself on how it works so you can make valid points and not what you read from the media spreading propaganda.

Such that 'If you join, I get paid, if you don't join, I still get paid'

Don't let me call you an Ode... wink

9 Likes

Re: Read What EFCC Said About MMM by ujiriukiri(m): 12:07pm On Nov 12, 2016
Princewilla:



Oh Yea ignorant Nigerian, what is a Ponzi scheme?
I know for sure that you don't know, wait let me educate you.

In a Ponzi scheme, old members don't pay back to the system, meaning that it's a one time thing, in mmm both old and new members PH and Gh, I as an old member have PH and GH twice this Month. Ponzi scheme is a one time thing, but in MMM, we old members keep investing more

Who said there is Heirachy and Pyramid in Mmm?before you condemn a platform pls educate yourself on how it works so you can make valid points and not what you read from the media spreading propaganda.

Such that 'If you join, I get paid, if you don't join, I still get paid'

Don't let me call you an Ode... wink

Call me whatever you want... I don't give a flying Bleep.
I know people who participate and get paid. But they know the crash is inevitable. There is a reason China has a ban on it! It is simply a ponzi scheme. Because they don't use the word "pyramid" does not mean anything. Can I invest today and get money back without referring new members? No. Thats what makes it a pyramid! I hope our legislative do something about this.

This get rich quick is a problem Nigerians have to eradicate from our system. Go down and get your hands dirty. Work hard and you'll be successful.

1 Like

Re: Read What EFCC Said About MMM by bodhizo(m): 2:29pm On Nov 12, 2016
Cool cash

1 Like

Re: Read What EFCC Said About MMM by abimbawealth(f): 10:22pm On Nov 12, 2016
bodhizo:
Cool cash
Haba...na only you waka come
Re: Read What EFCC Said About MMM by Moblord(m): 11:57pm On Nov 12, 2016
PeridotBelle:


After na! And jollof rice is bae!
Before anything else.. I'll like to have a taste someday
Re: Read What EFCC Said About MMM by PeridotBelle(f): 12:27am On Nov 13, 2016
Moblord:
Before anything else.. I'll like to have a taste someday

Would gladly give u a taste if our paths cross grin
Re: Read What EFCC Said About MMM by real86(m): 12:33am On Nov 13, 2016
midfinger:
...till whatever, for now mind ur lane,abi mmm dey affect your own business?
Guy go borrow do mmm o. E pay die,you hear. Except u r naturally tight fisted,that is the only reason u won't want to part away with just a minute portion of ur money for something that is really paying at the moment. Mmm is real.

1 Like

Re: Read What EFCC Said About MMM by Obas101(m): 2:28am On Nov 13, 2016
ujiriukiri:


Call me whatever you want... I don't give a flying Bleep.
I know people who participate and get paid. But they know the crash is inevitable. There is a reason China has a ban on it! It is simply a ponzi scheme. Because they don't use the word "pyramid" does not mean anything. Can I invest today and get money back without referring new members? No. Thats what makes it a pyramid! I hope our legislative do something about this.

This get rich quick is a problem Nigerians have to eradicate from our system. Go down and get your hands dirty. Work hard and you'll be successful.
U be olodo, don't say wot u don't fully know. U are wrong wen u said it's thru referral u can only get ur money.. Wot bout d 30% is it also from referral ignoramus fool

11 Likes

Re: Read What EFCC Said About MMM by athorello(m): 6:52am On Nov 13, 2016
omohayek:
Discounting all the obvious MMM shills on here giving each other "likes" and "shares", it's clear that a great many Nigerians are so blinded by greed and mathematical illiteracy that they can't see a brazen pyramid scheme for what it really is. Nigerians love the idea of getting rich without having to actually do any work.

What legitimate financial investment could ever offer 30% monthly returns? At that rate of growth, N1 "invested" in the system would have grown to N542 after 24 months, N12,646 after 36 months, and more money than there exists in the entire world after 48 months! No legitimate investment would ever make such a ridiculous promise.

From a conman's point of view, the wonderful thing about pyramid schemes is that the hype about them peaks at just the moment before they are about to collapse. All the eager defenses of MMM on Nairaland are simply indicating how desperate the current round of suckers are to keep up the hype in the hope they can get their share of the loot before it all comes crashing down.
Oga u are wrong. MMM doesn't work like that. N1 in a month grows to N1.3, in 12 months N4.6, in 24 months N8.2 and 48 months will be N29.8. That's if you leave your mavro to be growing. Trust me true participants will not break the cycle of giving and taking, thus, helping the community to grow. Learn about MMM from their website even if you're not interested. There's a 'calculator of happiness" there to help u.

5 Likes

Re: Read What EFCC Said About MMM by Moblord(m): 7:56am On Nov 13, 2016
PeridotBelle:


Would gladly give u a taste if our paths cross grin
I'll attend any of your relatives wedding or occasion when I know you'll cook
Re: Read What EFCC Said About MMM by munas: 8:17am On Nov 13, 2016
anonyguy:


All these sites you mentioned makes their money from adverts. MMM doesn't have an advert placed on their site bro. You can't make money with your website if you don't have advert placements.

Dont mind the ignorant fool
Re: Read What EFCC Said About MMM by gameboyo: 10:48am On Nov 13, 2016
Byikson:


who are 'they' ? There is no 'they' in MMM.
So na robot d manage mmm website, na robot dey tell u person weh u go pay money give. Shallow mind
Re: Read What EFCC Said About MMM by PeridotBelle(f): 10:54am On Nov 13, 2016
Moblord:
I'll attend any of your relatives wedding or occasion when I know you'll cook

Error! cheesy cheesy
Re: Read What EFCC Said About MMM by Moblord(m): 10:58am On Nov 13, 2016
PeridotBelle:

Error! cheesy cheesy
Where?
Re: Read What EFCC Said About MMM by Moblord(m): 10:59am On Nov 13, 2016
PeridotBelle:

Error! cheesy cheesy
Where?
Re: Read What EFCC Said About MMM by PeridotBelle(f): 11:00am On Nov 13, 2016
Moblord:
Where?

Cook for a wedding a big occasion, never done that before, so that is an error!
Re: Read What EFCC Said About MMM by Moblord(m): 11:02am On Nov 13, 2016
PeridotBelle:


Cook for a wedding a big occasion, never done that before, so that is an error!
lol OK I'll find another way then
Re: Read What EFCC Said About MMM by PeridotBelle(f): 11:03am On Nov 13, 2016
Moblord:
lol OK I'll find another way then

Hahahahahahaha, goodluck finding another way cool
Re: Read What EFCC Said About MMM by adekzy: 11:04am On Nov 13, 2016
ujiriukiri:


Call me whatever you want... I don't give a flying Bleep.
I know people who participate and get paid. But they know the crash is inevitable. There is a reason China has a ban on it! It is simply a ponzi scheme. Because they don't use the word "pyramid" does not mean anything. Can I invest today and get money back without referring new members? YES. Thats what makes it a pyramid! I hope our legislative do something about this.

This get rich quick is a problem Nigerians have to eradicate from our system. Go down and get your hands dirty. Work hard and you'll be successful.

My dear, the issue you failed to understand is that you don't have to referral anyone. You still get 30% of your investment at the end of the month and you can even pull out your fund b4 1month but the interest won't have grow upto 30%. All the people referring are doing that because of the extra 10% bonus that you automatically get when u referred.

Can I invest today and get money back without referring new members? YES. Thats what makes it a genuine risk worth taking! I hope our legislative do something about this... Legislative has no input about what you do with your money.

The Risk: If MMM website got scramble/blocked here in Nigeria, because that is the ONLY way to stop MMM, the participants loss will be the investment of that month which could be little or less and could be more. But the point is it a one-off loss.

Everyone into MMM have a genuine work/bizness, but....you don't necessarily have to work hard, but working smart is the real deal.

1 Like

Re: Read What EFCC Said About MMM by Moblord(m): 11:11am On Nov 13, 2016
PeridotBelle:


Hahahahahahaha, goodluck finding another way cool
Thanks, so are you a mavrodian too?

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