₦airaland Forum

MMM Zimbabwe is still alive but barely breathing. Ever since the RBZ warned citizens against participating in the pyramid scheme and EcoCash distanced itself from any illegal activity conducted on its platform citing MMM Zimbabwe, Sergei Mavrodi’s “global fund mutual aid” system has been in a freefall.

Currently, MMM Zimbabwe’s participants have been granted access to 1% of their account. This is after we reported an 80% reduction in the value of their system based currency, Mavros.

The 80% reduction in value came from an adjustment of the exchange rate between Mavros to USD, which stood at 1 Mavro:$1 but dramatically dropped to 1 Mavro : $0.20.

Now, even after the reduction, so called “system programmers” who run MMM’s “complex algorithm” further instituted more stringent conditions by placing a 1% withdrawal/Get Help (GH) limit on participants accounts.

This means that a participant may have had 10000 Mavros, losing 80% value to $2000, but can only withdraw 1% of that value which is $20, that is if they are fortunate enough to be matched with someone willing to Provide Help (PH). After the withdraw of 1% your account will be cleared out, leaving you with 0 Mavros in the systemMMM Zimbabwe’s system theoretically crashed on the 10th of August but is still active. Efforts to resuscitate the system are well underway by “guides” luring in new participants to deposit into the system (PH) and be matched to withdrawals (Get Helps) to try and kickstart the system.

However, with the current cash crisis and insecurities over bond note introduction, this is proving to be a difficult task. The crash on the 10th created two separate systems, one based on old Mavros and a new system based on new Mavros, it is unlikely that any old Mavros will be paid out at this point with the system showing signs of a complete restart and clearing out of old Mavro accounts.

The current MMM participants could essentially try to kick start the system by re-depositing money into it, but they too are reluctant with fears mounting over a complete system crash looming.

The public’s perception of the system has been tainted by coverage of events leading up to its collapse and the system itself instituting tough measures to try and cease withdrawals and attract deposits to regenerated the ailing system.

MMM is set up in such a way that all participants use the MMM platform/website to track their accounts. MMM East Africa handles Zimbabwean accounts. Participants view the status of their account, how the 30% interest is accumulating and matching help providers and help requests for the donation based system.

The “system programmers” essentially run the platform/website and are starting to show that they are in charge of the system, contrary to MMM’s pitch statement which assured participants of giving them full financial control breaking away from the “illegal” government financial systems .

Our sources who would like to remain anonymous have confirmed the 1% withdrawal limit stating that the Zimbabwean MMM system could take up to 6 months to restore and is as good as gone now. With Zimbabwe’s traditional financial institutions in jeopardy and the country gripped by an economic crisis, thousands turned to MMM Global as an investment that was avowedly independent of government control.

That’s despite a warning from the Reserve Bank of Zimbabwe that the scheme was fraudulent. RBZ warned members of the public that existing investors were “paid money not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors”

GoggleB:
Keep researching huh..
Not into the scheme tho but they are trying to prevent the so called free fall u said...
And many of una go still join wey the scheme is back ooo..

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. :-))

Citizens of Russia, Kazakhstan and Belarus are not allowed to participate in MMM.

samincredible44:
Mmm brings out d greed in people

MMM has always advised that you use your #SpareMoney. Use your #SpareMoney and #SpareMoney only. Don’t be unnecessarily greedy,”

Omexonomy:
Wonderful

Bitterleafsoup:
http://www.techzim.co.zw/2016/10/mmm-zimbabwes-take-leave-1-withdrawal-account-clearing/

fifty:
Your sources who would like to remain unnamed indeed.

In Zimbabwe, MMM came initially with an offer of 100% ROI, knowing that the population of such a country wasn't as much as Nigeria. This was the only way to draw people to join. Along the line, due to the same panic causing the few investors they had, yielding to media frenzy and govt inspired rumor, the 100% proved unsustainable, (as with any other MLM that offers 100%: they can't last doing that), MMM took the same step as they just took in Nigeria, by freezing mavros. The ROI was reduced from 100% to 30% as we have now in our country, that was the only way the system could have been salvaged at that time.

Lets answer this logical question pls. As a zimbabwean, If you staked 100$ in MMM and instead of getting 200$ after 30days (as you have been getting), you get 130$ after you had been informed that mavro would no longer be increasing by 100% but by 30%: DID YOU LOOSE? Definitely not. Your primary capital is 100$ and plus your 30%, you got ur extra 30$.

Lo and behold, MMM Zimbabwe has been working flawlessly ever since then. It became so good to the point that, the govt encouraged unemployed youths to join it. This is the reason why when MMM came to Nigeria, the 30% model was adopted and it has also been flawless. If anyone care to know the website of MMM Zimbabwe, just type MMM Zimbabwe on google and u should see the correct website. View the testimony section and you would confirm the hoax in all the crap posted here. Let's learn to do some research before believing, the internet is free for our use not only for Facebook.

Fellow mavrodeians,

The media is mininforming you in order to get traffic to their site. That's all they ever care about. No one really gives a damn about the survival, the only people physically worried/dreaming about the downfall of MMM are those who wish they could take the same risk as you do Or those who don't have cash. We call them Monitoring Spirits/Witches/Wizards

Continue with your regular activities and cease to panic. Meanwhile all those you were paired with me last week for my GH, have started fulfilling their payments to me as at this morning.

MEDIA/FG YOU LOOSE AGAIN!!! SUCK ON IT

Bitterleafsoup:
Really can show us a screenshot so people know you GH? So many have claimed but none can prove.

fifty:
Very simple...My downline's paycheck##

Feed on it!!