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We Are Investigating MMM Ponzi Scheme — EFCC - Business (7) - Nairaland

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Re: We Are Investigating MMM Ponzi Scheme — EFCC by linusbnn(m): 12:35pm On Nov 16, 2016
progress69:


When did MMM become and investment? This moment yiur promoters and guiders are saying its a social donation or helping site, this moment you are saying its an investment. What exactly are u investing on? Eho cares about your inconsequential curses. Does not affect me in anyway, but definitely may affect your fimily.


Go through your dictionary and get the meaning of investment. If you cannot be bold enough to risk on MMM,why kill yourself in it?. Jst face your work or whatsoever you do for a living.

2 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by alizma: 12:37pm On Nov 16, 2016
eplanning:

HOW DOES MMM GENERATE THEIR OWN MONEY

One pertinent question people always ask is “How does MMM make their own money? Since they don’t touch participants’ money, how then do they make money to, at least, maintain their web presence? etc”

The answer is simple. GOOGLE PAYS MMM

But then, the internet-savvy guys amongst us will ask, “But MMM doesn’t advertise Google products on their website, how then is it possible?”

MMM leverages on Google products for almost all of its campaigns and awareness, and Google appreciate them handsomely for that. Let me itemize:

✅ MMM exclusively uses Google forms to capture the details of applicants for positions in the community, such as Guiders, consultants, promoters, advertisers etc.

✅ A staggering number of prospective guiders are trained every month across the various countries MMM is in, and they make use of almost only Google products to execute their tasks, such as Google sheets, Google slides, Google docs etc.

They kind of help Google increase the repertoire of information they can present to its users/searchers

✅ This is, perhaps, the most significant source of income for MMM

YOUTUBE! (owned by Google)

If you already have an account with MMM, kindly go to the News section of your account. You should notice that MMM recommends, on the average, 4 Community Development Tasks for its participants. And at least one of these tasks requires creating an awareness video. Imagine just one fourth of the over 2million participants in Nigeria alone (not considering other countries oo) executing this task!!??

That’s not all oo..

Participants are financially incentivized when they create nice video testimonials about MMM after Gotten Helped.

Now, what does MMM do with all these videos? They upload it on YouTube. You will definitely agree with me that Youtube is awash with videos about MMM. And what does Youtube do with them? They monetize it!

What does that mean? YouTube knows that MMM, being the rave of the moment will attract lots of viewers to its related videos. So they seize the opportunity to place ads in these videos so people can see them as they watch the video. So, advertisers pay YouTube for showcasing their adverts, and YouTube shares the profits with MMM.

It is these profits that are used to foot the financial implications of running MMM.

stop defending what you don't know and learn. if Google is paying MMM to maintain her operation cost, is Google also paying the 30% you receive?
take this analysis; if Nigerian population is 5 and the 5 people decided to invest 1000each into MMM then at the end of 30day, decided to withdraw their investment with the 30%, pls where will the 1500 total interest(300*5) come from since you and I know very well that the money was not invested in a profitable business? it is possible now because now because there new subscribers that keep absorbing that shortfall and that is why MMM is a build up of debt. it will certainly crash and if I have the present number of educated Nigerians that use the internet, the rate ate which internet users in Nigeria increases as well as the rate at which people subscribe to MMM, with some provision for error margin, I can tell you when MMM is likely going to crash in Nigeria.

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by linusbnn(m): 12:37pm On Nov 16, 2016
asuustrike2009:

Yea mmm should pay tax also that's government bone of contention


Then they should be straight in their campaign. Why do politicians like anything corny?. They steal our money and resources and now we have left them to enjoy,why still going after our little means of survival?

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by babajeje123(m): 12:39pm On Nov 16, 2016
I want to challenge everyone doing MMM to be resolute. Let's be like Trump! Though the US Media criticised and did all to cause him to loose, yet he won because he was determined. The worst the FG can do is to slander. Reps are all lazy asses who can't investigate a thing.

6 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by permanentgrace(m): 12:41pm On Nov 16, 2016
alizma:

stop defending what you don't know and learn. if Google is paying MMM to maintain her operation cost, is Google also paying the 30% you receive?
take this analysis; if Nigerian population is 5 and the 5 people decided to invest 1000each into MMM then at the end of 30day, decided to withdraw their investment with the 30%, pls where will the 1500 total interest(300*5) come from since you and I know very well that the money was not invested in a profitable business? it is possible now because now because there new subscribers that keep absorbing that shortfall and that is why MMM is a build up of debt. it will certainly crash and if I have the present number of educated Nigerians that use the internet, the rate ate which internet users in Nigeria increases as well as the rate at which people subscribe to MMM, with some provision for error margin, I can tell you when MMM is likely going to crash in Nigeria.

Ok, but has it crashed yet cos i just got paid while you are lamenting?

5 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by harffie(m): 12:44pm On Nov 16, 2016
Acidosis:
"However, he said the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder bank like MMM."




What a useless author



While at it, they should ensure that Baba Ijebu, Nairabet, Surebet, etc stop operations.
Hahaha...correct one sir..bet9ja
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Emulti(m): 12:45pm On Nov 16, 2016
alizma:

I think you should also tell us the other side of it, I mean how much help you have provided within the period that you receive these respective amount and how much you have cashed out then we can know whether you are making profit or not.
besides, since the money you paid is not being invested in a profitable business, is it not reasonable to ask yourself where is the so call 30% increase is coming from, who is paying those that works day and night to keep d system out of crash and ensure smooth transitions? MMM is a build up of debt that will certainly crash someday, some people would have make enough money and quite while others will not be that lucky but the government is looking at the effect on everyone.



Oga u dont want MMM, right? Leave it for those of us that dont have sense now. why you dey drink panadol for another person headache. Na ur money we dey use, abi u don feed us before? why are so concerned? i thinks its because you are jealous of us. u be witch? u no wan join u no want make we enjoy our benefits. that is actually how witchcraft starts.

9 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Fearcom(m): 12:47pm On Nov 16, 2016
Xano:
MMM is more like shuffling/transferring money from one account to the other. No investment, just random money transfers. After a month, 30% increase of another person's money; another instruction to transfer to another. 7% commission for referral.
Funny scheme

That funny scheme has made me a multi- millionaire. The ideology of the scheme is very simple: Provide Financial Help and Get Financial help in return. Period.

4 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by opedaydydx9(m): 12:47pm On Nov 16, 2016
otukpo:
Even as all these investigations are going on, some people are still paying money into this MMM scheme.
I still paid Yesday

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Heffalump(m): 12:48pm On Nov 16, 2016
progress69:


Hahahahaha. Na, how will be forever greatful for not being Sill'y instread grin.

Mark my words, MMM crack down won't be a Nigeria thing. It is coming sooner than you think. No sensible or reasonable Govt will watch MMM rot her citizens away. Judgement day is coming.

My friend, and who is sensible here? Government or you? What is the sensibility when positive schemes cannot be created to take teeming population of graduates out of the labour market. MMM is thriving because of the low economic profile of the society, and everyone is seeking to make ends meet. The reactions from the public got to show that mmm is like the undying Bug and will stay for a long time. Those wishing it dead, sorry for your life because you gonna wait till eternity. grin

You lack sense bro. undecided

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 12:49pm On Nov 16, 2016
linusbnn:



Go through your dictionary and get the meaning of investment. If you cannot be bold enough to risk on MMM,why kill yourself in it?. Jst face your work or whatsoever you do for a living.

Lol. Super clowns is what you pe embarassedople ae. Kindly explaon what exactly u are investing in? U call transfer of funds b/w participants investment. Plz school me.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by oluwafemtos: 12:50pm On Nov 16, 2016
alizma:

I think you should also tell us the other side of it, I mean how much help you have provided within the period that you receive these respective amount and how much you have cashed out then we can know whether you are making profit or not.
besides, since the money you paid is not being invested in a profitable business, is it not reasonable to ask yourself where is the so call 30% increase is coming from, who is paying those that works day and night to keep d system out of crash and ensure smooth transitions? MMM is a build up of debt that will certainly crash someday, some people would have make enough money and quite while others will not be that lucky but the government is looking at the effect on everyone.
The data our network provider deduct isn't enough for them to pay people that maintain the site? And this so called 30% is already programmed on the system... Stay there and ask question on how money is been make, rather than joining the scheme.

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by kamcygirl(f): 12:51pm On Nov 16, 2016
pls how do i join the moving train, i want to invest 500k, pls some one should direct me on what and how to join mmm.

2 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by mtngloetiartel: 12:52pm On Nov 16, 2016
omowolewa:
He who sniffs everybody's yansh to identify that source of mess will end up messing the next, because he will get filled before completing the assignment.

EFCC wan join MMM be that.
see you. Not only that, your statement also show that mmm is an unpleasant scheme.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by AlphaT1(m): 12:52pm On Nov 16, 2016
E no concern me, all this noise upandan. I no thief ur money do MMM, why is it paining you?
I will do MMM till d day it will crash. I am ready to crash with it..
MMM is d only thing uniting Nigerians now and also building trust amongst Nigerians. It is the only good thing happening in Nigeria at the moment.
Who d govt epp? Nonsense govt.

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by progress69: 12:53pm On Nov 16, 2016
Heffalump:


My friend, and who is sensible here? Government or you? What is the sensibility when positive schemes cannot be created to take teeming population of graduates out of the labour market. MMM is thriving because of the low economic profile of the society, and everyone is seeking to make ends meet. The reactions from the public got to show that mmm is like the undying Bug and will stay for a long time. Those wishing it dead, sorry for your life because you gonna wait till eternity. grin

You lack sense bro. undecided

Why are u guys always violent and on the attack when your scheme is being exposed. Recession or no Recession, greedy lazy bones like you will put money in ponzi and bite your fingers later

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Ourboss: 12:54pm On Nov 16, 2016
I just got alert!!!!!!

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by walex34(m): 12:57pm On Nov 16, 2016
for easy way to join mmm pls follow the link http:///?i=free2walex50@gmail.com
Re: We Are Investigating MMM Ponzi Scheme — EFCC by HenryThegreat1(m): 1:02pm On Nov 16, 2016
otukpo:
Even as all these investigations are going on, some people are still paying money into this MMM scheme.
. But if dey dash u this mmm money u swear if u will not collect.

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Originality007: 1:06pm On Nov 16, 2016
linusbnn:



If they strike and crash the scheme without looking at investors feelings,is that a good government. Sometimes I wonder how pple think. I invest my money on what I chose to and also bear the risk myself,how is it your business?. I'm angry about your statement but if you say nonsense again,i will curse your generation.

grin grin grin grin grin grin grin.
Re: We Are Investigating MMM Ponzi Scheme — EFCC by Originality007: 1:09pm On Nov 16, 2016
AlphaT1:
E no concern me, all this noise upandan. I no thief ur money do MMM, why is it paining you?
I will do MMM till d day it will crash. I am ready to crash with it..
MMM is d only thing uniting Nigerians now and also building trust amongst Nigerians. It is the only good thing happening in Nigeria at the moment.
Who d govt epp? Nonsense govt.
@bolded, you are very correct

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by iamkingzlee(m): 1:11pm On Nov 16, 2016
princeofpeace22:
Efcc is a ponzi scam angry
A government that cannot empower youths with their NPower scam employment angry

I have made millions from mmm and get help worldwide that was why I stopped sport betting my blog grin I'm even a guider now pm me for more knowledge.


Long live mmm
Long live get help worldwide. cool
see vex grin
Re: We Are Investigating MMM Ponzi Scheme — EFCC by AntiZombie: 1:11pm On Nov 16, 2016
kamcygirl:
pls how do i join the moving train, i want to invest 500k, pls some one should direct me on what and how to join mmm.

do your due diligence

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by abbey621(m): 1:12pm On Nov 16, 2016
It is the job of any reasonable government to investigate companies, schemes and gigs which targets consumers in the country. From my understanding of MMM, it is a peer lending scheme, where lenders and borrowers make an agreement, the yield is 30% profit in 30 days but what happens when the borrower defaults? What happens if more and more people starts to default? This is where government's intervention is crucial. The owners of MMM should register properly in Nigeria so that government would know the parties responsible when things goes sour but then again this is Nigeria, we don't like law and order, we prefer shortcuts and quick money, this unfortunately leads many people to their early grave!

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by eplanning: 1:14pm On Nov 16, 2016
alizma:

stop defending what you don't know and learn. if Google is paying MMM to maintain her operation cost, is Google also paying the 30% you receive?
take this analysis; if Nigerian population is 5 and the 5 people decided to invest 1000each into MMM then at the end of 30day, decided to withdraw their investment with the 30%, pls where will the 1500 total interest(300*5) come from since you and I know very well that the money was not invested in a profitable business? it is possible now because now because there new subscribers that keep absorbing that shortfall and that is why MMM is a build up of debt. it will certainly crash and if I have the present number of educated Nigerians that use the internet, the rate ate which internet users in Nigeria increases as well as the rate at which people subscribe to MMM, with some provision for error margin, I can tell you when MMM is likely going to crash in Nigeria.


You are simply ignorant about how MMM works.
After you pledge to Provide Help, you do not pay money until you have been successfully matched with someone who requests for help and this usually takes like 2 weeks.

Meanwhile, your bonuses have already started counting from the day you made the pledge. After you provide help (PH) and your payment has been confirmed, you can get help immediately or wait the full 30days for full pay. cool

So the question of more withdrawal requests than deposits doesn't come up u hear?

Your evil dream will not come to pass.

3 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:15pm On Nov 16, 2016
iamkingzlee:
see vex grin
o boy where have you been ? After we voted for you hmmmm.



Guy na true true I dey yarn about to complete my second building from mmm and get help Nigeria .
At least I am ready to crash with them grin

1 Like

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:17pm On Nov 16, 2016
Acidosis:
"However, he said the House of Representatives cannot direct the EFCC to investigate what he described as faceless wonder bank like MMM."




What a useless author



While at it, they should ensure that Baba Ijebu, Nairabet, Surebet, etc stop operations.




Good point my brother, These law makers should rather be called war makers. They want to create war in the nation.
There are other pressing issues in the nation needing their attention but rather MMM is their headache.
You know why? its not because they love the masses Nooo far from it. They really don't want financial freedom for the masses.
They need people that would attend to them as house cleaners, Drivers, Gardeners, BOUNCERS and once everyone starts getting financial freedom ,I tell you they start loosing that.

Let them tell us where it is written in the law of the Nation That a citizen has no right to help or get help financially. Where it is written that government must teach me how to spend my money. I guess that "unhonourable" Hon. that moved the motion Fijabi has been rude to by one of those who used to worship him that's got financial Freedom tru MMM .

What a group of hypocrites, You legalised betting and lotto, E.g Naira bet, Baba ijebu, Football betting etc but must scrap MMM that hundreds of ppl that I kno have been librated tru.

When have they started having feelings for the masses. Just yesterday they said over the news they just bought new 10million naira cars for each of them.

10million NAIRA car each and we are crying recession, when many states can't pay salary for months.

May Evil pursue each one of them as they start riding in those cars.

4 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by famzynet: 1:19pm On Nov 16, 2016
Between Buhari and MMM I go chose MMM. If MMM is a scam, then being scammed is not bad ooooo,. Abeg EFCC, I want MMM to scam me than the scam Buhari is scamming Nigerians. Make I rush go bank pay 100k to person way need help sharp sharp.

4 Likes 1 Share

Re: We Are Investigating MMM Ponzi Scheme — EFCC by eplanning: 1:20pm On Nov 16, 2016
abbey621:
It is the job of any reasonable government to investigate companies, schemes and gigs which targets consumers in the country. From my understanding of MMM, it is a peer lending scheme, where lenders and borrowers make an agreement, the yield is 30% profit in 30 days but what happens when the borrower defaults? What happens if more and more people starts to default? This is where government's intervention is crucial. The owners of MMM should register properly in Nigeria so that government would know the parties responsible when things goes sour but then again this is Nigeria, we don't like law and order, we prefer shortcuts and quick money, this unfortunately leads many people to their early grave!

There is no borrower in MMM. You provide help, then you get help. If you wan borrow money, go to d bank.

4 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by iamkingzlee(m): 1:20pm On Nov 16, 2016
princeofpeace22:
o boy where have you been ? After we voted for you hmmmm.



Guy na true true I dey yarn about to complete my second building from mmm and get help Nigeria .
At least I am ready to crash with them grin
Senior man, I've just been here. This time, keeping my cool. I hope you good sire?? cheesy

Second building from MMM shocked jesuu Kristi!! Na una get MMM naa..

3 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:20pm On Nov 16, 2016
kamcygirl:
pls how do i join the moving train, i want to invest 500k, pls some one should direct me on what and how to join mmm.
don't invest only on mmm. Invest on mmm and get help worldwide Nigeria and an you go tire for credit alert grin pm me for tutorials

2 Likes

Re: We Are Investigating MMM Ponzi Scheme — EFCC by Nobody: 1:23pm On Nov 16, 2016
iamkingzlee:
Senior man, I've just been here. This time, keeping my cool. I hope you good sire?? cheesy

Second building from MMM shocked jesuu Kristi!! Na una get MMM naa..
I have over 100 people under me as a guider ,mmm rocks brother .mmm pays like white cool

3 Likes

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