₦airaland Forum

Neddstark:
Greedy people deserve to be scamed and their defenders like you sould try sniffing my boxers

Seun:
Yet Kenyans will still fall for it, just as Nigerians fell for it despite its failure in other countries and the jailing of the founder for fraud. Sad.

Visit kenya dash mmm dot net to see the new site for yourself. All the testimonials currently there were posted yesterday, so it's really new.

lustychima:
You got into many relationships that never worked, and no one is mocking you in public. You got into a marriage that crashed, yet your friends are not on facebook celebrating your pain, and you haven't killed yourself yet. Your many attempts at businesses have failed and you lost money, yet you are still alive. You have taken many risks that never paid off, yet you are still moving on with hope.

Now you advised your friend not to do MMM, but he went for it anyways. MMM is frozen for 30days, atleast so we heard, and you find joy in taking to facebook to mock your friend JUST TO BE PROVED RIGHT. Same way you pray for the failure of the government you didn't vote for JUST TO BE PROVED RIGHT.

I have taken time to read the MMM freezing report, it is a shame that you have decided to take that report out of context, add salt and pepper, just to cause panic and unnecessary tension. Many people have fainted because they read your false version of MMM story. Will you also celebrate on facebook if they commit suicide tomorrow on account of your mockery?

Even if they were careless in taking risk with MMM, must you add to their sorrow?

Don't you have any conscience sire? Are you not a hypocrite?

If that young man came to you for help, even to borrow money before MMM, would you have given him? How many of you have helped poor people the way MMM has in the last year(i speak based on the testimonies in the mouth of Nigerians). In October i met a young man in Port Harcourt who moved from someone's house as a squatter to a one-bedroom apartment and i still remember the joy with which He glorified God for MMM. How many people have glorified God for your help and support, STINGY YOU!

There is a high level of moral bankruptcy in this nation. People are more willing to celebrate the pains of fellow Nigerians than anything else. It is the same reason they go to accident scenes, and their first impulse is not to help but snap and post gorry pictures on facebook to extract AMEN from people.

If you know you have never done things that failed in your life, then continue mocking your MMM friends.......

My name is chima lusty and i hate hypocrisy!

Seun:
Yet Kenyans will still fall for it, just as Nigerians fell for it despite its failure in other countries and the jailing of the founder for fraud. Sad.

Visit kenya dash mmm dot net to see the new site for yourself. All the testimonials currently there were posted yesterday, so it's really new.

hayoakins:
www.nairaland.com/attachments/4611929_mmm_jpeg8b802860e4b7cf49223e902205d7cbb4

Having lost 2,300,000NGN (two million, three hundred thousand naira) to WealthSolution, Real & Cool, PennyWise and the likes in June 2007, not subscribing to MMM was no brainer as it is only a matter of time before the schemers would pull the plug. As much I do not want to subscribe to the school of thought that it has crashed already, it may surely not survive the next 60days as anyone who survives this end of the year shocker (account freeze) would need no prophet to advise him/her to stay clear should he be able to finally receive help come January. In January, the 30days gap would make almost everyone whose account was placed on hold/freeze qualify to get help but who would be ready and willing to GIVE HELP, Me?

Four (4) weeks ago, it became evident that the scheme was heading down south when one subscriber who needed to cash out 470,000NGN was assigned 21 other subscribers to give him help (send him money). This shows that there is increase in the number of people offering to give help of less than 30,000NGN compared to a few months ago when people were placing in as much as 1,000,000NGN. Please note that I do not refer to them as investors as they are not investors rather gamblers.

After interviewing some guiders, captains, subscribers and reading some online articles, I got a better understanding of how the scheme actually works (the matching algorithm and cash out model). A subscriber who is due to cash out (receive help) is assigned one or more other subscriber(s) who is/are due to give help. When the time is right for the schemers to pull the plug, crash the scheme in Nigeria and finally cashout, the same model would be adopted to avoid suspicion however only with some selected number of more greedy and trusted guilders and captains who would be paid a percentage of the amount they are able to pull perhaps the same 30%. I will explain further in the next paragraph.

It is assumed that MMM Nigeria has over 3,000,000 (three million) Nigeria dwellers (citizens and non-citizens) who already enrolled on the MMM platform, I would refer to them as active accounts. All the schemers need to do is to create a syndicate of greedy, trusted and highly secretive captains and guilders of at-least 1,000 out of the 3,000,000 active accounts, whose account would be assigned to other unsuspecting subscribers to give help to. Just like the existing model, no one would notice any foul play as nothing has changed; the process has not been modified in any way only that only a selected number of people (syndicate) are receiving help from others.

Let’s assume that MMM Nigeria is pulling out 250,000,000,000NGN (two hundred and fifty billion naira), each of the 1000 would get 250,000,000NGN, imagine being promised to get 30% of any amount you pull, that is 75,000,000NGN, trust me, an average guilder and captain would sell his/her birthright to get that amount and care-less about the crashing MMM Nigeria or otherwise . The sudden account inflow should raise a flag within the banks’ core system as some of the guys’ account may never have recorded such inflow before. FLAG Number 1. – BANKS to be on ALERT, Anti-money laundering monitor should flag the accounts

Getting the funds out of the country to the chief schemer Mavrodi or his accomplice would be the next stage of execution but this would be a tall order due to the stringent FX policies surrounding inflow and outflow of funds in and out of Nigeria. Money laundering is an option but highly risky and could easily give them away. Another option would be to further integrate the money into the system by transferring between accounts before finally pulling it out of the country.

Illustration A gets 50m deducts his/her 30%, moves the balance of 175,000,000NGN to B, B moves 170m to C, C move 165m to D until 150m gets to F. This would make tracking the funds difficult and easier to escape any money laundering trap within the banking systems. Another reasonable option would be to use FORM M and FORM A. The schemers engage registered foreign corporate entities in different countries to issue supposedly genuine and valid documents (Bill of Entry, Commercial Invoice, Bill of Lading / Airway bill etc.) to enable them access foreign currencies through FORM M and FORM A in disguise for payment for imported goods. The banks could be of immense assistance here as the FORMs would be accessed through the banks. FLAG Number 2. – BANKS to be on ALERT in issuance of FORM M and A

Another option is smuggling the funds through the borders to another country(ies) from where the funds would be transferred to different accounts in different countries to outsmart any forensic investigations – FLAG Number 3 – CUSTOMS to the rescue

Yes, people were warmed but it is not always easy to say NO to this kind of schemes, I also learnt the hard way.
All the best to MMM Nigeria Subscribers, this is the only way I could help with tracking of your funds and possible retriever.

© Ayobami Akinade AAT, ACA, ACCA(affiliate)
Business Strategist and Financial Analyst.

Naijaepic:
And the domain was just registered in August for one year.

bobo65:
It's a pity this dude can't be arrested


He creates acct with Nigerian names

U pay to his acct as PH and he on d other hand won't GH, he places that acct on temporal ban and opens it's up for another person to PH


DUde has made billions on Nigerians head

lustychima:
You got into many relationships that never worked, and no one is mocking you in public. You got into a marriage that crashed, yet your friends are not on facebook celebrating your pain, and you haven't killed yourself yet. Your many attempts at businesses have failed and you lost money, yet you are still alive. You have taken many risks that never paid off, yet you are still moving on with hope.

Now you advised your friend not to do MMM, but he went for it anyways. MMM is frozen for 30days, atleast so we heard, and you find joy in taking to facebook to mock your friend JUST TO BE PROVED RIGHT. Same way you pray for the failure of the government you didn't vote for JUST TO BE PROVED RIGHT.

I have taken time to read the MMM freezing report, it is a shame that you have decided to take that report out of context, add salt and pepper, just to cause panic and unnecessary tension. Many people have fainted because they read your false version of MMM story. Will you also celebrate on facebook if they commit suicide tomorrow on account of your mockery?

Even if they were careless in taking risk with MMM, must you add to their sorrow?

Don't you have any conscience sire? Are you not a hypocrite?

If that young man came to you for help, even to borrow money before MMM, would you have given him? How many of you have helped poor people the way MMM has in the last year(i speak based on the testimonies in the mouth of Nigerians). In October i met a young man in Port Harcourt who moved from someone's house as a squatter to a one-bedroom apartment and i still remember the joy with which He glorified God for MMM. How many people have glorified God for your help and support, STINGY YOU!

There is a high level of moral bankruptcy in this nation. People are more willing to celebrate the pains of fellow Nigerians than anything else. It is the same reason they go to accident scenes, and their first impulse is not to help but snap and post gorry pictures on facebook to extract AMEN from people.

If you know you have never done things that failed in your life, then continue mocking your MMM friends.......

My name is chima lusty and i hate hypocrisy!

hayoakins:
www.nairaland.com/attachments/4611929_mmm_jpeg8b802860e4b7cf49223e902205d7cbb4

Having lost 2,300,000NGN (two million, three hundred thousand naira) to WealthSolution, Real & Cool, PennyWise and the likes in June 2007, not subscribing to MMM was no brainer as it is only a matter of time before the schemers would pull the plug. As much I do not want to subscribe to the school of thought that it has crashed already, it may surely not survive the next 60days as anyone who survives this end of the year shocker (account freeze) would need no prophet to advise him/her to stay clear should he be able to finally receive help come January. In January, the 30days gap would make almost everyone whose account was placed on hold/freeze qualify to get help but who would be ready and willing to GIVE HELP, Me?

Four (4) weeks ago, it became evident that the scheme was heading down south when one subscriber who needed to cash out 470,000NGN was assigned 21 other subscribers to give him help (send him money). This shows that there is increase in the number of people offering to give help of less than 30,000NGN compared to a few months ago when people were placing in as much as 1,000,000NGN. Please note that I do not refer to them as investors as they are not investors rather gamblers.

After interviewing some guiders, captains, subscribers and reading some online articles, I got a better understanding of how the scheme actually works (the matching algorithm and cash out model). A subscriber who is due to cash out (receive help) is assigned one or more other subscriber(s) who is/are due to give help. When the time is right for the schemers to pull the plug, crash the scheme in Nigeria and finally cashout, the same model would be adopted to avoid suspicion however only with some selected number of more greedy and trusted guilders and captains who would be paid a percentage of the amount they are able to pull perhaps the same 30%. I will explain further in the next paragraph.

It is assumed that MMM Nigeria has over 3,000,000 (three million) Nigeria dwellers (citizens and non-citizens) who already enrolled on the MMM platform, I would refer to them as active accounts. All the schemers need to do is to create a syndicate of greedy, trusted and highly secretive captains and guilders of at-least 1,000 out of the 3,000,000 active accounts, whose account would be assigned to other unsuspecting subscribers to give help to. Just like the existing model, no one would notice any foul play as nothing has changed; the process has not been modified in any way only that only a selected number of people (syndicate) are receiving help from others.

Let’s assume that MMM Nigeria is pulling out 250,000,000,000NGN (two hundred and fifty billion naira), each of the 1000 would get 250,000,000NGN, imagine being promised to get 30% of any amount you pull, that is 75,000,000NGN, trust me, an average guilder and captain would sell his/her birthright to get that amount and care-less about the crashing MMM Nigeria or otherwise . The sudden account inflow should raise a flag within the banks’ core system as some of the guys’ account may never have recorded such inflow before. FLAG Number 1. – BANKS to be on ALERT, Anti-money laundering monitor should flag the accounts

Getting the funds out of the country to the chief schemer Mavrodi or his accomplice would be the next stage of execution but this would be a tall order due to the stringent FX policies surrounding inflow and outflow of funds in and out of Nigeria. Money laundering is an option but highly risky and could easily give them away. Another option would be to further integrate the money into the system by transferring between accounts before finally pulling it out of the country.

Illustration A gets 50m deducts his/her 30%, moves the balance of 175,000,000NGN to B, B moves 170m to C, C move 165m to D until 150m gets to F. This would make tracking the funds difficult and easier to escape any money laundering trap within the banking systems. Another reasonable option would be to use FORM M and FORM A. The schemers engage registered foreign corporate entities in different countries to issue supposedly genuine and valid documents (Bill of Entry, Commercial Invoice, Bill of Lading / Airway bill etc.) to enable them access foreign currencies through FORM M and FORM A in disguise for payment for imported goods. The banks could be of immense assistance here as the FORMs would be accessed through the banks. FLAG Number 2. – BANKS to be on ALERT in issuance of FORM M and A

Another option is smuggling the funds through the borders to another country(ies) from where the funds would be transferred to different accounts in different countries to outsmart any forensic investigations – FLAG Number 3 – CUSTOMS to the rescue

Yes, people were warmed but it is not always easy to say NO to this kind of schemes, I also learnt the hard way.
All the best to MMM Nigeria Subscribers, this is the only way I could help with tracking of your funds and possible retriever.

© Ayobami Akinade AAT, ACA, ACCA(affiliate)
Business Strategist and Financial Analyst.

Gassa007:
You're really a sickhead!!! God,how was he able to open multiple bank accounts running into thousands (if we go by your illiterate view) #Spits

Abbeyunique2:
After conquering South Africa, Zimbabwe and Nigeria, MMM has taken its message to Kenya, {promising} 40% return on investment.

The scheme, which calls itself a Global financial social network but is really just a Ponzi scheme was created by Russian criminal, Sergei Mavrodi.

Here’s to hoping Kenyans don’t get as greedy as Nigerians.

http://ibasam.com/2016/12/15/mmm-runs-to-kenya-promising-40-return-after-swindling-nigerians/

lustychima:
You got into many relationships that never worked, and no one is mocking you in public. You got into a marriage that crashed, yet your friends are not on facebook celebrating your pain, and you haven't killed yourself yet. Your many attempts at businesses have failed and you lost money, yet you are still alive. You have taken many risks that never paid off, yet you are still moving on with hope.

Now you advised your friend not to do MMM, but he went for it anyways. MMM is frozen for 30days, atleast so we heard, and you find joy in taking to facebook to mock your friend JUST TO BE PROVED RIGHT. Same way you pray for the failure of the government you didn't vote for JUST TO BE PROVED RIGHT.

I have taken time to read the MMM freezing report, it is a shame that you have decided to take that report out of context, add salt and pepper, just to cause panic and unnecessary tension. Many people have fainted because they read your false version of MMM story. Will you also celebrate on facebook if they commit suicide tomorrow on account of your mockery?

Even if they were careless in taking risk with MMM, must you add to their sorrow?

Don't you have any conscience sire? Are you not a hypocrite?

If that young man came to you for help, even to borrow money before MMM, would you have given him? How many of you have helped poor people the way MMM has in the last year(i speak based on the testimonies in the mouth of Nigerians). In October i met a young man in Port Harcourt who moved from someone's house as a squatter to a one-bedroom apartment and i still remember the joy with which He glorified God for MMM. How many people have glorified God for your help and support, STINGY YOU!

There is a high level of moral bankruptcy in this nation. People are more willing to celebrate the pains of fellow Nigerians than anything else. It is the same reason they go to accident scenes, and their first impulse is not to help but snap and post gorry pictures on facebook to extract AMEN from people.

If you know you have never done things that failed in your life, then continue mocking your MMM friends.......

My name is chima lusty and i hate hypocrisy!

Glocks:
Hmmm, and people are still having high hopes by January. Smh

bobo65:
Sit down n think
Is it not the system that pairs u to someone that u will pay?

With his one acct, he paired himself with many ppl to get paid

Wats hard to understand here?

sanky346:
Seun really means the MMM business oo

Gassa007:
It seems the FG paid you or are you just not happy about the traffic mmm site generates more than this your nairaland

DrRiley:
I stand with you bro.

zbone:
You are such an olodo.
There is nothing upstairs. Smh

Seun:
Yet Kenyans will still fall for it, just as Nigerians fell for it despite its failure in other countries and the jailing of the founder for fraud. Sad.

Visit kenya dash mmm dot net to see the new site for yourself. All the testimonials currently there were posted yesterday, so it's really new.

Skmoda360:
na so i warn my immediate cousin wey invest his cash into this ponzi scheme.......it don go be that, 400k don go.

Neddstark:
Greedy people deserve to be scamed and their defenders like you sould try sniffing my boxers

bobo65:
Guy comot jhor
Ppl. Only PH cos they know they will GH + 30%

It's diff from giving to the poor

Even if it's to give the poor and get back the same amt of money u gave at d end of the month, I doubt if Nigerians will do it, its cos of that profit that ppl patronized it

wunmi590:
God go punish all these media.

As long as I am alive, I will continue PHing and GHing.

#ibelieveinMMM

lustychima:
You got into many relationships that never worked, and no one is mocking you in public. You got into a marriage that crashed, yet your friends are not on facebook celebrating your pain, and you haven't killed yourself yet. Your many attempts at businesses have failed and you lost money, yet you are still alive. You have taken many risks that never paid off, yet you are still moving on with hope.

Now you advised your friend not to do MMM, but he went for it anyways. MMM is frozen for 30days, atleast so we heard, and you find joy in taking to facebook to mock your friend JUST TO BE PROVED RIGHT. Same way you pray for the failure of the government you didn't vote for JUST TO BE PROVED RIGHT.

I have taken time to read the MMM freezing report, it is a shame that you have decided to take that report out of context, add salt and pepper, just to cause panic and unnecessary tension. Many people have fainted because they read your false version of MMM story. Will you also celebrate on facebook if they commit suicide tomorrow on account of your mockery?

Even if they were careless in taking risk with MMM, must you add to their sorrow?

Don't you have any conscience sire? Are you not a hypocrite?

If that young man came to you for help, even to borrow money before MMM, would you have given him? How many of you have helped poor people the way MMM has in the last year(i speak based on the testimonies in the mouth of Nigerians). In October i met a young man in Port Harcourt who moved from someone's house as a squatter to a one-bedroom apartment and i still remember the joy with which He glorified God for MMM. How many people have glorified God for your help and support, STINGY YOU!

There is a high level of moral bankruptcy in this nation. People are more willing to celebrate the pains of fellow Nigerians than anything else. It is the same reason they go to accident scenes, and their first impulse is not to help but snap and post gorry pictures on facebook to extract AMEN from people.

If you know you have never done things that failed in your life, then continue mocking your MMM friends.......

My name is chima lusty and i hate hypocrisy!

Isaacmacdon:
Cmon sharap dia or I sharap you. What did you drink? Someone should please call 112 before this guy faints ontop his phone.