A South-African man has schooled Nigerians who are MMM participants.

Relaying his experience of what happened to the popular money doubling scheme in his country way back in May, the man said contrary to reports that the participants will get their money when the bans on mavros have been lifted, nothing like that will happen.

“Nigerians This Serves You Right You Guys Are Very Greedy, This Was The Same Technique MMM Used To Scam People In South Africa” (Must See)
He said that was the exact thing that happened to them in May and up till now, no one has been able to get their money. He went ahead to say that Nigerians should have leanrt from South Africans. Read what he wrote below:

READ ALSO: National panic in Nigeria as MMM gets frozen

''LOL u should have learned from your brothers and sisters here in south africa , our old mavro maoney is gone as we speak and MMM is at silence as we speak so watch out for this ponzi schemes i have also learned my lesson here in south africa but atleast is not to much money that i lost''

“Nigerians This Serves You Right You Guys Are Very Greedy, This Was The Same Technique MMM Used To Scam People In South Africa” (Must See
From reports gathered by NAIJ.com Gossip, this exact occurrence happening in Nigeria had happened also to the South African MMM sometime back. Headlines like:

"Controversial “donation platform” and alleged Ponzi scheme, MMM" and "South Africa collapsed and rebooted amid what it calls a “media panic”, flooded the news page when it happened in SA.

In a notice posted to participants of the scheme after it happened, the group said that “persecution against MMM organized by the mass media” has provoked a panic which has forced the scheme to “start all over again”.

MMM’s administration said that the scheme’s currency – “Mavros” had been frozen and were impossible to use. The group blamed the collapse of the system on media reports and South African banks, which it alleges have hurt and robbed “millions” of people who were part of the MMM scheme.



The scheme said it has started over with a clean sweep and all users whose mavros were frozen will be rewarded handsomely. They promised that the “old” version of the Mavro currency will be ‘bought out’ through trades of the “new” version of the currency, where equal value would be paid out to participants over six months, using 10% of total trade – effectively placing a debt burden on all participants. All these were made known May 1, 2016. See the exact notice as sent to all participants below:

"Dear participants!

Unfortunately, the persecution against MMM organized by the mass media has provoked a panic. We have been working in South Africa for almost 2 years and we have millions of members. During all that time, we had no complaints and accusations from participants, everything was paid to everyone in time and in full amount, by 30% per month. We held charity events and helped children. We did a lot of useful things for people! Well, who was suffering from this?



"The bankers and the adherents of the current unjust financial system. That is why they planned and brought all these crazy investigations and persecution in the mass media. “The only thing which prevents the investigation is the fact that non of the participants reported to the police”. If there are no complaints, and everybody is happy, then what is the investigation for? What is the subject? Did not they understand the consequences? Did not they understand that their irresponsible actions would hurt people? Millions of people! Well, try oppressing any bank, even the most reliable one, in the same way, and see what will happen tomorrow.

"However, it is futile to explain that to them. MMM prevents banks from robbing people, that is the only reason why all this is happening. And nobody cares about people. If we managed to pay millions of participants 30% per month for two years (and would still be paying, if the mass media did not lie about MMM!), why do banks not do the same? Why do they offer only a few percents a year? Make your own conclusions. Thought everything is clear right now. You are simply robbed, we have always been saying it. The modern financial system is predatory by nature. It is not for ordinary people, it is for the bankers. Its purpose is financial slavery! And it achieves this purpose perfectly. In general, in this situation, we have to start all over again. We have no choice. You can see on your own what is happening.

Hence,

The current (“old”) Mavros are frozen. Any operations with them are impossible. With the development of the system, we will send 10% of the total inflow (of all the PHs) to pay for the “old” Mavro. According to the experience of other countries, we can definitely say that in the normal course of events, all the old Mavro debts will be paid off in about six months.

“New” Mavros (Mavro bought from the moment of this announcement) are introduced. You can use them on a common basis: to ‘acquire’ and ‘withdraw’ them at any time. All of this, of course, is not very nice, but it’s not the end of the world. We will quickly pay off “old” Mavro debts, no doubt about it. You just have to wait. (And anyway, you can thank your precious media and banks for this “gift”!). The best thing you can do is just to start participating again, that is all. And you will quickly return everything, even with a benefit. Moreover, now is the most favorable time to participate and invite: in fact, everything starts from the beginning. So do not miss your chance! :-)) We hope for your understanding,

Administration."


Sadly, MMM still owes the old participants from May till NOW!


https://www.naij.com/1077428-how-mmm-owing-may-sa-participants.html

Seun lalasticlala

fulaniHERDSman:
The senseless Goats being saved from doom will soon infest thread and start bleating noisily

switch47:
SAY NO TO PANIC IN MMM NIGERIA That is the simple truth , MMM is you and I , participants pay each other , MMM does not pay us ..... the current break was as a result of the Holiday mood of Nigerians not Providing help and deciding to Cash out for Christmas, once we ignore the haters and decides to Provide help as we usually do ..... MMM will go back to the way it was before the Christmas period ... this is pure logic ...... great mavrodians Once we PH (provide help ) others will GH (Get Help ) and then when others PH we shall also GH to the shame of all the fake news bearers , fellow mavrodians , i was moved when the majority of the members of my MMM Group on facebook (about 40 ,000 members all agree to PH ) i knew MMM shall bounce back stronger than it was before ...... I know that MMM did not crash that is why we stand with MMM Nigeria ...... lets Provide Help as we know how to do Spare cash ........ no matter how small ...... i was surprised today when the guiders form was released about thousands of mavrodians went for it ...... MMM is alive , MMM remains great . Lets PH and see the magic of PH ...... you and I is MMM ...... we pay each other !! we are MMM . I stand with MMM Nigeria

fulaniHERDSman:
The senseless Goats being saved from doom will soon infest thread and start bleating noisily

Hiploko:
go Aleppo go help ur fellow muslims

fulaniHERDSman:

One confused mavrodi mugu spotted

Hiploko:
how non-participants fret more than those that even invested millions is strange. It is a huge mystery

fulaniHERDSman:

Its out of concern and pure brotherly love. Who wants to see another brother dangle on ropes?

Hiploko:
it is joblessness. Go get a life!

fulaniHERDSman:

Ok, i work with Nairaland NEMA and i'm currently on "Mavrodi Victims Rescue Mission" (MVRM) or "OPERATION CROCODILE HUG"

Hiploko:
it is joblessness. Go get a life! But I'm not surprised. All of you are Buhari supporters interested in just 1 thing. 'Hardship distribution'

Hiploko:
it is joblessness. Go get a life! But I'm not surprised. All of you are Buhari supporters interested in just 1 thing. 'Hardship distribution'

fulaniHERDSman:
But where is lalasticlala sef?

fulaniHERDSman:

I know its the man MAVRODIANs FROM MARS will blame come Jan14 when the scales come off

Hiploko:
joblessness is a curse