₦airaland Forum

maxwell60:
ALL OF YOU THAT ARE HAPPY THAT MMM FROOZE ALL PARTICIPANTS MAVRO, YOUR PROBLEM IS IGNORANCE AND JEALOUSY. NOT THAT YOU CARE FOR THOSE THAT ARE AFFECTED
1.YOU ARE JEALOUS BECAUSE, YOUR NEIGHBORS
WHO ARE MMM PARTICIPANTS ARE NOW BETTER
THAT YOU BECAUSE OF MMM.
1.YOU ARE IGNORANT BECAUSE, YOU KNOW NOTHING
ABOUT HOW MMM WORKS, AND YOU DON'T EVEN KNOW WHAT
THE WORD "CRASH" MEANS. YOU ARE HAPPY THAT MMM
HAVE "CRASHED" ACCORDING TO YOU GUYZ, AND YOU FORGOT
THAT NIGERIA STARTED CRASHING FROM 2013. ONE EGG TODAY, IS NOW
50 NAIRA I WONDER WHAT WILL HAPPEN TO YOU GUYZ BY 2017 YOU
GUYZ SHOULD BE CONCERNED ABOUT HOW BUHARI IS GOING TO BRING
YOU GUYZ OUT OF POVERTY NEXT YEAR IF HE CAN, NOT WHAT HAPPENED TO OTHER PEOPLE'S MONEY, NIGERIA IS THE FASTEST DYING COUNTRY IN AFRICA RIGHT NOW
IN FACT IT IS NIGERIA THAT HAVE CRASHED NOT MMM. I BELIEVE THE PEOPLE THAT INVESTED ON MMM WERE AWARE OF THE RISKS THAT WAS INVOLVED. IT IS THIER BUSINESS NOT OURS. WHAT IF MMM RETURN BY JAN 2017 AS THEY SAID, WON'T YOU BE
ASHAMED? PEOPLE STARTED JOINING MMM BECAUSE OF THE BAD ECONOMY WHICH THE
GOVERNMENT IS DOING NOTHING ABOUT. MAY GOD SAVE NIGERIA.

Justnora:
Nigerians can be very greedy someone investing 2.5million in MMM.

yinkslinks:
Paid media. come january or before then, you all will be put to shame. What is the government business with what people do with their money? People die daily from accident from bad roads, medical care, security etc and government has done nothing to fix it. Shameless leaders

ZoneBslayer:
seun and his mods! if you are going to talk against something, at least have an idea of what you are up against for Pete sake! how can one 'cash MMM' money at the bank naa? kai Nigeria! there is just a very thin line between the ignorantly educated and the illiterates!

sirOrubebe:
This is from a newsletter:

Around September last year, I was introduced into MMM Global (Note, Not MMM Nigeria).

It promised 100% returns after 30 days. I spent some time researchign about this money-doubling scheme and i found out it was a clasic ponzi scheme.

Well, I saw people earning cash and i knew it would crash sometime. But i decided to join anyway.

Why?

I knew the 100% was worth the risk.

I finally provided help of around N200k in October.

After 30 days, i withdrew everything because i felt it was too good to be true.

We used bitcoins then in MMM Global.

After about a day, i had successfully converted the bitcoins to cash and found i had 442,000. I was amazed!

I did what any smart person would do.

I made a rough calculation on when this system will eventually come crashing down. By my calculations, it was by January 2016.

So i reinvested the N300k into the system, after 30 days i got N600k.

Man i was on a roll!

I was tempted to invest the whole 600k the following month but i was too smart to make a rookie mistake. I fought off the temptations and kept 500k to myself and invested back just N100k.

That month MMM Global crashed.

Not like they crashed immediately but it all started in December when we saw a message on the website after you login that they had to do some system upgrade and clear out fake accounts.

I knew that spelt nothing but doom but i was glad i was smart enough to not have invested all i had earned.

MMM global finally crashed by February this year after we kept hoping for two months that they would come back.

I remember telling my friend who was on MMM South Africa then that if this were to come into Nigeria, it will pick up like wild fire.

I commended my friend for sticking to MMM South africa, but for me i knew that just a 30% return was not worth the risks of a classic ponzi scheme.

The craze started in Nigeria soon enough and like i predicted. It spread like wild fire.

I had friends calling me if i knew about MMM and all i could give them was advice.

I warned them that they could partake but they should be smart about it and not fall for the greed.

Invest, take your capital back with some profits as soon as you can.

Again, I predicted to them that the system will not last December.

Those who listened. Listened.

Those who didn't are in panic right now.

I heard MMM brought out a message that accounts are being frozen for 30 days.

Classic December move. When i heard it i remembered MMM Global last year. I also remembered how MMM South africa crashed too.

Same method, Different excuses.

The truth about MMM Nigeria is that i am sure about 95% that it has already crashed.

Why?

MMM made a mistake by announcing the freezing of accounts at a critical time like this.

Did they not know it will cause panic?

So even if they plan on actually returning back in January, With all these panic caused do you think anyone will want to invest? All anyone would be concerned about is withdrawing their cash out.

MMM is such a ponzi scheme that "Robs peter to pay paul". There are people that sure benefitted. (heck, i did benefit from the global last year) But the truth is when it comes crashing down. More people lose than benefit.

One of the reasons MMM spread like wild fire was accentuated by the fact that the country is riddled with this recession.

People ran to MMM to seek solace and quick cash.

People were desperate.

sirOrubebe:
This is from a newsletter:

Around September last year, I was introduced into MMM Global (Note, Not MMM Nigeria).

It promised 100% returns after 30 days. I spent some time researchign about this money-doubling scheme and i found out it was a clasic ponzi scheme.

Well, I saw people earning cash and i knew it would crash sometime. But i decided to join anyway.

Why?

I knew the 100% was worth the risk.

I finally provided help of around N200k in October.

After 30 days, i withdrew everything because i felt it was too good to be true.

We used bitcoins then in MMM Global.

After about a day, i had successfully converted the bitcoins to cash and found i had 442,000. I was amazed!

I did what any smart person would do.

I made a rough calculation on when this system will eventually come crashing down. By my calculations, it was by January 2016.

So i reinvested the N300k into the system, after 30 days i got N600k.

Man i was on a roll!

I was tempted to invest the whole 600k the following month but i was too smart to make a rookie mistake. I fought off the temptations and kept 500k to myself and invested back just N100k.

That month MMM Global crashed.

Not like they crashed immediately but it all started in December when we saw a message on the website after you login that they had to do some system upgrade and clear out fake accounts.

I knew that spelt nothing but doom but i was glad i was smart enough to not have invested all i had earned.

MMM global finally crashed by February this year after we kept hoping for two months that they would come back.

I remember telling my friend who was on MMM South Africa then that if this were to come into Nigeria, it will pick up like wild fire.

I commended my friend for sticking to MMM South africa, but for me i knew that just a 30% return was not worth the risks of a classic ponzi scheme.

The craze started in Nigeria soon enough and like i predicted. It spread like wild fire.

I had friends calling me if i knew about MMM and all i could give them was advice.

I warned them that they could partake but they should be smart about it and not fall for the greed.

Invest, take your capital back with some profits as soon as you can.

Again, I predicted to them that the system will not last December.

Those who listened. Listened.

Those who didn't are in panic right now.

I heard MMM brought out a message that accounts are being frozen for 30 days.

Classic December move. When i heard it i remembered MMM Global last year. I also remembered how MMM South africa crashed too.

Same method, Different excuses.

The truth about MMM Nigeria is that i am sure about 95% that it has already crashed.

Why?

MMM made a mistake by announcing the freezing of accounts at a critical time like this.

Did they not know it will cause panic?

So even if they plan on actually returning back in January, With all these panic caused do you think anyone will want to invest? All anyone would be concerned about is withdrawing their cash out.

MMM is such a ponzi scheme that "Robs peter to pay paul". There are people that sure benefitted. (heck, i did benefit from the global last year) But the truth is when it comes crashing down. More people lose than benefit.

One of the reasons MMM spread like wild fire was accentuated by the fact that the country is riddled with this recession.

People ran to MMM to seek solace and quick cash.

People were desperate.

YeyeGirl:
Coffin sellers, Yaba left, e.t.c,Go make money wella... Chaiii!!!! Nna eh

dipoolowoo:
At least one person was feared dead while several others were wounded in a stampede at various banks in Warri, Delta State, after the promoters of the popular Mavrodi Mundial Moneybox (MMM) suspended the accounts of about 3.3 million Nigerian participants.

It was learnt that the participants in the Ponzi scheme, who heard about the announcement yesterday, rushed to their banks to verify. Investigation shows that in one of the busiest banks in Warri metropolis, an elderly man, who was expected to cash N1.5 million slumped and died when he could not cash the money.

Two other persons, who slumped in the same manner, were quickly revived by sympathisers. Scores of others sustained serious injuries as they rushed to get their hard earn money.

Bank officials refused to speak on the issue. Meanwhile, bandits were cashing in on the confusion and rowdy situation to extort money and rob customers who have continued to besiege banks.

http://www.businesspost.ng/2016/12/15/mmm-participant-slumps-dies-bank/

berrystunn:
You believe that story because you are not into MMM

MMM doesn't work that way...

fratermathy:
It is well!

MMM has become a scourge in this nation. A plague that must be healed!

When you tell them the truth about this, they'll say "is it your money?" or "why take panadol for our headache?"

Now that this one has died, those advising him will be the ones to mourn and bury him.


MMM is evil! No educated person should partake.

I lost respect for all those I held in high esteem once I found out that they participated in MMM.

I dont feel pity for this one at all.

By January, more will go...

yinkslinks:
Paid media. come january or before then, you all will be put to shame. What is the government business with what people do with their money? People die daily from accident from bad roads, medical care, security etc and government has done nothing to fix it. Shameless leaders

fratermathy:
It is well!

MMM has become a scourge in this nation. A plague that must be healed!

When you tell them the truth about this, they'll say "is it your money?" or "why take panadol for our headache?"

Now that this one has died, those advising him will be the ones to mourn and bury him.


MMM is evil! No educated person should partake.

I lost respect for all those I held in high esteem once I found out that they participated in MMM.

I dont feel pity for this one at all.

By January, more will go...

fratermathy:
It is well!

MMM has become a scourge in this nation. A plague that must be healed!

When you tell them the truth about this, they'll say "is it your money?" or "why take panadol for our headache?"

Now that this one has died, those advising him will be the ones to mourn and bury him.


MMM is evil! No educated person should partake.

I lost respect for all those I held in high esteem once I found out that they participated in MMM.

I dont feel pity for this one at all.

By January, more will go...

wizzakosh:
mumu, so na money in some1 bank account mmm hold kwa, una stupidity is too high for God to heal.