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Nairaland Forum / Nairaland / General / Investment / MMM Crash: Over 3million Nigerians Lose Over N18.765billion (42095 Views)
"How Ponzi Scheme Nearly Ruined My Life And Made Me Lose Over N2million" / MMM Top Guider Chuddy Ugorji Finally Reacts To Alleged MMM Crash / EFCC Responds To User Who Called Them Out Over MMM Crash (2) (3) (4)
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Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by yusufu16: 11:05am On Dec 15, 2016 |
This how Chuddy the No. 1 MMM Guider makes his money. As the MMM Admin. All he needs to do is send messages to e.g. 2m Nigerians to Provide Help to his own personal bank account. Imagine 2m Nigerians provide help of N20,000 to his own personal account that is N40,000,000,000 (N40Billion). He can then use say N4b to pay the 30% to early members to entice them. Now that it has it has crashed, this guy might be worth more than N80Billion in my thinking. He has scammed gullible Nigerians. The dumbest people are those who still think MMM will resurrect come January 2017. |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Olumide022: 11:16am On Dec 15, 2016 |
All is well |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Girlbestfriend(f): 11:18am On Dec 15, 2016 |
AngelsAndStars: I tot u said it crashed in so many countries in the world?? I wanted you to mention 8 of those countries. liars, and you are been jealous please stop taking paracetamol for our headache dude, its our headache and not urs. get that right? |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by AngelsAndStars(m): 11:24am On Dec 15, 2016 |
Girlbestfriend:Ok Agreeeeed 1 Like
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Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Danachuks(m): 11:24am On Dec 15, 2016 |
As subscribers of the controversial Mavordi Mondial Moneybox wonder bank reel in panic over the restriction of accounts till the 13th of January, 2017 to curtail the heavy transactions by members during Christmas and New Year festivities, efforts are being made by the Nigerian guiders to douse the tension of investors. An emergency meeting was held today, 14th of December, 2016 at 9:30am to discuss stringent issues affecting the scheme. The gathering came to an end around 2pm and the following conclusions were arrived at to 'restructure' the scheme heavily suspected to be fraudulent. Read the press release as disseminated on Facebook below: SUMMARY OF MEETING HELD ON14TH DECEMBER 2016 BY 9.30AM 1. Within that 1 month Mavro continue growing. 2. The freeze periods may even be less than 1month but it all depends on programmers and how fast they can finish. 3. This year We will have a new model to help make this community sustainable in Nigeria. 4. We will post clarification with more details about the Frozen Mavro on everyone's PO. 5. Some Mavro will be released b4 the 30 days release date probably in batches. 6. Next week we will implement change of guider button on every participants PO. 7. New section in our Personal Office will be installed this week 8. PH and GH order dispatching has been stopped for a while. Meaning they arnt matching anyone for the meantime. 9. We will use this period to tackle other issues we have with support. LONG LIVE MMM PLATFORM 10. MMM Nigeria's progress depends on u. Ur expectation determines the future. U determine what u want. You have to encourage yourselves and you downlines. |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by ExInferis(m): 11:25am On Dec 15, 2016 |
softwerk: But you should be regretting wasting your money investing in an obvious scam. |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by ExInferis(m): 11:26am On Dec 15, 2016 |
madridguy: Poor fool. You and your money are better parted. 3 Likes |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by george05: 11:48am On Dec 15, 2016 |
apidum: REALLY....WE HAVE TO MAKE EVERYTHING ABOUT RELIGION. NA WA O |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Shygirl1989(f): 12:06pm On Dec 15, 2016 |
Nigerians are funny set of people,how could anyone have believed such nonsense,did people not hear of wonder bank back in the 90's,what kind of greed is this sef,how can anybody promise you 30%intrest on anything and in such a short time and you fell for it....mtsheew. The funny thing is when the so called followers of the mmm rubbish are pitching to you,they say"we have two million members"....and I'm like go figure.....we are a country of over a hundred and forty million people,that's not even 5%of the working population in the country,so how do you think its gonna work,mmm is all a numbers game any good mathematician would be able to give you an estimate on when it will lock. Then those saying its our money should shut the hell up,don't you have people depending on you,people you borrowed money from,people you're owing rent,etc...... And imagine the foolishness, mmm saying use "spare money" like seriously,who has spare money ? Peeps should just go lick their wounds in private and stop deceiving themselves that the took a "wise decision" joining mmm. It hurts your friends and family to see you make a total fool of yourself and defend it..... 1 Like |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by donj84: 1:08pm On Dec 15, 2016 |
Jyds14: I know so many of you don't understand English...crash and frozen are two different words with different meanings....if MMM go for one month off and you say it has crashed,what will you say about states that can't pay salaries for over three months....all this anti-mmm, please be wise in talking na, abi na your money....face tour life and leave other people there...you hear!!!! |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Nobody: 1:21pm On Dec 15, 2016 |
yusufu16:I actually thought of this yesterday anyway let's see how it goes |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Nobody: 1:24pm On Dec 15, 2016 |
Shygirl1989: Lol spare money even 5 naira is budgeted |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by InvertedHammer: 1:32pm On Dec 15, 2016 |
MMM scam was easy. X and Y started MMM in Nigeria as Guider extraordinaire. X renders help to Y (both are partners in crime) for N1b. All X did was upload fake payment voucher, and Y confirmed. And they use their system to match player with X who pays him N1.3b return in real cash. To keep the system running, they match the little guys with one another to keep oiling the system in order to suck in new members. Eg. Chuddy provides help to wife (different surname, different account). But there is no cash transaction. He uploads a forged teller and the wife confirms it. Remember that Chuddy and his co-travellers are managing the database--garbage in, garbage out. Then MMM system matches folks to provide help in the amount + 30% to Chuddy. So if the forged teller is N1b, Chuddy receives N1.3b without putting up a dime (all raw cash and pure profit) since the only overhead is the cost of maintaining and manipulating the database. Meanwhile MMM keeps working for the little guys to keep the confidence level up. But the guiders know that at some point the system will be saturated and will collapse just like every ponzi scheme. The sad part is that while players lost real money, Chuddy gained raw cash and lost nonexistent funds. Very smart set of criminals. \ 1 Like |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by akilo1: 2:09pm On Dec 15, 2016 |
madridguy:cool down,your eyes will open as from Jan 14 1 Like |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by bizza45: 9:51pm On Dec 15, 2016 |
ochuski: bro that Zara website no b legit, cos I checked it out |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by ochuski(m): 3:22am On Dec 16, 2016 |
bizza45:Wetin do am? |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Horus(m): 4:29am On Dec 16, 2016 |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by bizza45: 7:20am On Dec 16, 2016 |
[quote author=ochuski post=51969976]
Wetin do am?[/quote u have to go through Google b4 u c it |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by bizza45: 7:20am On Dec 16, 2016 |
[quote author=ochuski post=51969976]
Wetin do am?[/quote u have to go through Google b4 u c it |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by bizza45: 7:20am On Dec 16, 2016 |
[quote author=ochuski post=51969976]
Wetin do am?[/quote u have to go through Google b4 u c it |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by ochuski(m): 10:52am On Dec 16, 2016 |
[quote author=bizza45 post=51972325][/quote] Lols... Am sure its ur browser. The site was properly tested on most platforms b4 it was launched. And if it was bad, Google would have warned you. |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by PRINCEZUKO1(m): 2:36am On Dec 23, 2016 |
Lol.... Shebi Ultimate Cycler returned and returned better. The people who was said to have lost are now getting paid and more people are joining of course . When MMM returns, please you all should do and join and save yourselves from Nigerian banks...shebi some of them don enter freeze mode too Join my team jare and get yourself freed up. Ultimate Cycler. |
Re: MMM Crash: Over 3million Nigerians Lose Over N18.765billion by Etinosa1234: 3:23am On Nov 18, 2020 |
M |
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