holamiday:
Though i never did mmm and never advised anyone to, but most of the aspersions you people cast on the scheme are either unfair or false. As well as i understood the scheme, it is purely mutual aid and the originator had nothing to gain except traffic on the website. If you don't have enough courage to pay your money into a stranger's bank account, leave those who do, alone.

MMM is not a fraud. It's just a scheme I'd 'personally' not want to go into. Same way, whoever is 'personally' willing to go into it, should be free.

Who knows if the scheme will eventually return in January. Then, you haters will be put to shame.

holamiday:
Though i never did mmm and never advised anyone to, but most of the aspersions you people cast on the scheme are either unfair or false. As well as i understood the scheme, it is purely mutual aid and the originator had nothing to gain except traffic on the website. If you don't have enough courage to pay your money into a stranger's bank account, leave those who do, alone.

MMM is not a fraud. It's just a scheme I'd 'personally' not want to go into. Same way, whoever is 'personally' willing to go into it, should be free.

Who knows if the scheme will eventually return in January. Then, you haters will be put to shame.

Martartins:




The simple answer to your questions are; EVERYBODY KNOWS MMM IS BACKED BY GOOGLE, WHETHER YOU BELIEVE IT OR NOT , IT DOESNT MATTER. THE 30% COULD HAVE BEEN GOTTEN FROM A WHOLE LOT OF SOURCES ON MMM, BUT YOU WONT KNOW BECAUSE YOU ARE NOT IN THE SYSTEM.

YOU TALKED ABOUT PONZI SCHEME WITHOUT UNDERSTANDING THE FACT THAT PONZI SCHEMES NEED NEW ENTRANTS TO SUCCEED, MMM DOESNT.

BANKS WILL ALWAYS SERVE THEIR PURPOSE BECAUSE MMM DOESNT USE A CENTRAL ACCOUNT LIKE MOST PONZI SCHEMES.


PROVIDED THE NUMBER OF PEOPLE PH AND GH ON MMM, THE SYSTEM WILL BE FINE. IT IS PEOPLE LIKE YOU RATHER THAT BAD-MOUTH THE SYSTEM.


TO BE FRANK I THINK YOU HAVENT DONE YOUR RESEARCH ON MMM BEFORE WRITING THIS. I SAY THIS BECAUSE, AM IN THE SYSTEM

MMM WILL CRASH DEFINITATLY BUT IT WILL ONLY BE BECAUSE IT WIL PUT BANKS INTO DISTRESS. SEIZE THE OPPORTUNITY WHILE IT LAST.

maclatunji:


I see, you are one of those hooked on the idea of 'free money'.

9jakohai:


1.If MMM does not need new entrants, where does the 30% come from then? The sky?

2.How many people will be needed to PH and GH the system sustainably? Over time?

3.MMM is more of a pyramid scheme....


Isn't that how MMM works?

4.When the system crashes, a lot of innocent people will suffer.

5.Banks do not earn money just from depositors.

maclatunji:
The following are my questions to the subscribers to MMM popularly called Mavrodians.
here are the answers from my understanding.

1. Where do you think the money you are collecting through MMM is coming from?

MMM claims not to be a business and not an investment, so where do you think the 30% return which excites you so much is coming from?

ANSWER:the 30% comes from traffic generated from the website,money donated by new members, money re-donated by old members and help from other countries. it is ALMOST IMPOSSIBLE for ALL these 4 conditions not to occur. MARK ZUCKERBERG, the owner of Facebook is the 5th or 6th richest in the world and one of the ways he gets his money is through traffic generated by Facebook.google ad sense pays for traffic. MMM is currently in over 120 countries of the world with over 200 million of participants.

2. Do you know what a Ponzi scheme is?

I have to ask this question because of those who defend MMM with the claim that they have made money from it. To be the clear, a minority will make money from Ponzi schemes being the early adopters that help to create the exponential growth. However, the latter subscribers are the ones that lose greatly. If you understand this, you will not present this argument as evidence for MMM not being a fraud.

ANSWER:BIG LIE.The early adopters will pay the newcomers. the next set of newcomers will pay the early adopters and it continues like that. its a circle that will never end. Money is redistributed among member of MMM on the principle of gratuitousness, benevolence and reciprocity. MMM members donate FREELY to each other. Nobody was forced to join MMM.

3. Where did you get the money you invested in MMM from?

You could not use that money in any legitimate business?

I ask this question because many MMM subscribers behave as if they were incapable of earning money before MMM came.

ANSWER:A good number MMM subscribers are gainfully employed and have normal businesses. Remember, There is nothing wrong in having an alternative source of income. Remember, we have DANGOTE CEMENT, DANGOTE SUGAR, DANGOTE RICE FARM and now in the pipeline - DANGOTE REFINERY.

4. Is it that you don’t understand that governments across the world are duty-bound not to allow a Ponzi scheme started by an ex-convict that has scammed people across the world operate freely within their countries?

This one is self-explanatory, Sergey Mavrodi the main brain behind MMM is an ex-convict. He got convicted for scamming Russians with a precursor scheme to MMM.

[b][b]ANSWER: Point of correction-MMM has never defrauded anyone. MMM became so popular in RUSSIA and was controlling one third of the total money in russia at a time, so the government became jealous and decided to loot the peoples money using 17 trucks to carry/loot cash from MMM OFFICES. That is the main reason MMM doesn't have a CENTRAL ACCOUNT where money can easily be stolen.The government of Russia defrauded the participants,not MMM. They claimed SERGEI MAVRODI/MMM evaded tax but MMM/SERGEI MAVRODI stood his ground telling the government oppressors that MMM is not a business that should pay tax. MMM is just a community of people donating/helping each other with their spare cash. DO you pax tax to the government on the spare money you donate to your brother or neighbour or give out as charity? MMM has come to destroy the current unfair and unjust financial world order/institutions, so don't expect the government,CBN,SEC, etc to be happy. MMM has come to liberate people from financial bondage and servitude. The financial APOCALYPSE is inevitable. MMM servers are not located in NIGERIA, so the government CAN NOT STOP MMM. the same way the government can not stop facebook,youtube,twitter or internet.
[/b][/b]
5. Explain how MMM is a revolutionary idea that commercial banking should be afraid of?

MMM subcribers are quick to tag banks as stealing from their customers while MMM is the solution for the masses. Curiously enough, they pay into each other’s bank accounts; curious to say the least.

ANSWER:MMM gives 30% every 30days which the banks CAN NOT give. NO serious MMM participant will take loan from any bank again. No serious MMM participant will maintain any fixed deposit in the bank again. No serious MMM participant will buy any dubious, non performing shares again.


6. Do you understand that wealth is created based on the value you create not through this system operated by a few people to rob people of their money while leaving them in the lurch?

Let us say all of us joined MMM, where would productive output come from?

ANSWER: MMM does not stop anyone who is serious from being productive. MMM will in fact assist to provide the financial boost needed for people to be more productive. MANY MMM participants are gainfully employed and engage in various productive businesses and entrepreneurial ventures.


7. Did you anticipate that your ‘investment’ (sorry, your ‘Mavros’) could be frozen without you having any say on what happens next?

I am sure many ‘Mavrodians’ did not expect this December debacle, but we are here.

ANSWER: PAUSE MODE/FREEZING OF ACCOUNTS is one of the strategies employed by MMM for STABILITY AND SUSTAINABILITY. its not a new strategy, only those who didn't read/research well about MMM will claim ignorance. THe number of participants GHing*(getting help or withdrawing money) from the system should balance with the number of participants PHing*(providing help or depositing money) otherwise a PAUSE MODE is activated which normally lasts from 1-2months. MMM has lasted for 5years in its current form since 2011, and that is one of the strategies adopted over the years. it was adopted in south africa and zimbabwe and the MMM in both countries is doing fine now. Even banks couldn't pay many customers this festive season. ATMs are dried, with no cash in them for people this yuletide season. Is that not a form of PAUSE MODE?


8. Do you agree that as a promoter of the scheme, you are quite dubious because you are seeking to reap bountifully at the expense of others when the scheme crashes?

Note I wrote ‘when’ not ‘if’

ANSWER: OGA, MMM CAN NOT and i repeat CAN NOT crash. The worst that can happen is a restart. A restart is not a crash. my people perish for lack of knowledge. It is easier for a camel to pass through the eye of the needle than for MMM to crash. MMM is an ideology. MMM is like religion, religion CAN NOT CRASH. The day an individual dies, his own MMM or religion has CRASHED. Everybody in the world CAN NOT die at the same time.In a restart, MMM will manually calculate how much each individual has earned from the system, those who have made 'profit' already will have their old mavros frozen and released gradually, but the newcomers or 1st timers will be queued up to be paid first by the system. thereby ensuring that NOBODY looses money. and the system will start afresh.

9. Do you not worry that you could have a hand in the death or grievous harm happening to people who could lose money from MMM and become suicidal?

We already have reports of some people taking poison because their money got frozen this December.

ANSWER: MMM is sincere and transparent, hence the WARNING to ALL participants to participate with their spare money. This is CLEARLY WRITTEN on the programs website home page. WHO will you blame for any adult who decides to drink 20 cartons of GULDER beer and misbehaves afterward? Nigerian breweries?

10. Do you understand that you are effectively using time that you could use for productive activity to promote a questionable scheme at best?

If you understand that time lost is irrecoverable, why waste it?

ANSWER: MMM is not a questionable scheme. MMM is an ideology that is changing lives of millions of people around the world. MMM is bridging the gap between the rich and the poor. If any adult decides to dedicate few hours or days to donate his/her spare money to charity or a neighbour in need, or teach people how to do same, do u consider that wasteful? MMM is helping humanity, that is CERTAINLY NOT WASTEFUL.

Your answers and feedback are quite welcome.

Source: http://www.opinions.ng/top-10-questions-mmm-subscribers-mavrodians-answer/

uchennaq:
PLEASE ENLIGHTEN ME ON HOW GOOGLE BACKS MMM

raayah:
Maclatunji,

The only responses you'll get will be

1. Is it your money?

2. Insults to nairaland and Seun

3. Insults to you.

4. Some weird comparison about MMM and banks

5. Rantings about Buhari and the economy.

6. ' it's a peer to peer system "..

The best thing is to wait and see how this ends. We all know that Ponzi schemes eventually crash.

maclatunji:
The following are my questions to the subscribers to MMM popularly called Mavrodians.

1. Where do you think the money you are collecting through MMM is coming from?

MMM claims not to be a business and not an investment, so where do you think the 30% return which excites you so much is coming from?

2. Do you know what a Ponzi scheme is?

I have to ask this question because of those who defend MMM with the claim that they have made money from it. To be the clear, a minority will make money from Ponzi schemes being the early adopters that help to create the exponential growth. However, the latter subscribers are the ones that lose greatly. If you understand this, you will not present this argument as evidence for MMM not being a fraud.

3. Where did you get the money you invested in MMM from?

You could not use that money in any legitimate business?

I ask this question because many MMM subscribers behave as if they were incapable of earning money before MMM came.

4. Is it that you don’t understand that governments across the world are duty-bound not to allow a Ponzi scheme started by an ex-convict that has scammed people across the world operate freely within their countries?

This one is self-explanatory, Sergey Mavrodi the main brain behind MMM is an ex-convict. He got convicted for scamming Russians with a precursor scheme to MMM.

5. Explain how MMM is a revolutionary idea that commercial banking should be afraid of?

MMM subcribers are quick to tag banks as stealing from their customers while MMM is the solution for the masses. Curiously enough, they pay into each other’s bank accounts; curious to say the least.

6. Do you understand that wealth is created based on the value you create not through this system operated by a few people to rob people of their money while leaving them in the lurch?

Let us say all of us joined MMM, where would productive output come from?

7. Did you anticipate that your ‘investment’ (sorry, your ‘Mavros’) could be frozen without you having any say on what happens next?

I am sure many ‘Mavrodians’ did not expect this December debacle, but we are here.

8. Do you agree that as a promoter of the scheme, you are quite dubious because you are seeking to reap bountifully at the expense of others when the scheme crashes?

Note I wrote ‘when’ not ‘if’

9. Do you not worry that you could have a hand in the death or grievous harm happening to people who could lose money from MMM and become suicidal?

We already have reports of some people taking poison because their money got frozen this December.

10. Do you understand that you are effectively using time that you could use for productive activity to promote a questionable scheme at best?

If you understand that time lost is irrecoverable, why waste it?

Your answers and feedback are quite welcome.

Source: http://www.opinions.ng/top-10-questions-mmm-subscribers-mavrodians-answer/

wisevirus:
Another novice... We are coming back strong
List of countries MMM is currently operating in:
MMM Argentina: argentina-
MMM Australia: Australia-
MMM Bangladesh: Bangladeshmmm.com
MMM Brazil: Brazil-
MMM Cambodia: Cambodia-
MMM China: China-
MMM East Africa: Ea-
MMM Egypt: Egypt-
MMM France: France-
MMM Hongkong: Hongkong-
MMM India: India-
MMM Indonesia: Indonesia-
MMM Italy: Italy-
MMM Japan: Japan-
MMM Korea: Korea-
MMM Kuwait: Kuwait-
MMM Malaysia: Malaysia-
MMM Mexico: Mexico-
MMM Nigeria:
MMM Peru: Peru-
MMM Philippines: Philippines-
MMM Singapore: Singapore-
MMM South Africa: Rsa-
MMM Spain: Spain-
MMM Thailand: Thailand-
MMM Turkey: Turkey-
MMM USA: Usa-
MMM Venezuela: Venezuela- tell them.

maclatunji:


I see, you are one of those hooked on the idea of 'free money'.

Lilimax:

Lol @ free money.

MMM rocks while it stands ...
It has made so many millionaires even in this recession
How about that?

January 14th will put all you detractors of MMM to shame.

JonSnow:
Leave the greedy bastards to wallow in their stupidity.

Lilimax:
I don't worship Mamnon

prophetfire:
dumb post fromattention seeking ignorant folk. research about the scheme before writing trash. your number one question shows how ignorant you are. I dnt do mmm but I know much about it. your submissions are poo.

Idrismusty97:
All these na just English. The one and only reason the OP wrote/copy all these trash is because he considered the scheme as Riba(An haram in Islam). The tread would have made a lot of sense if it were move to the Islam section.

holamiday:
Though i never did mmm and never advised anyone to, but most of the aspersions you people cast on the scheme are either unfair or false. As well as i understood the scheme, it is purely mutual aid and the originator had nothing to gain except traffic on the website. If you don't have enough courage to pay your money into a stranger's bank account, leave those who do, alone.

MMM is not a fraud. It's just a scheme I'd 'personally' not want to go into. Same way, whoever is 'personally' willing to go into it, should be free.

Who knows if the scheme will eventually return in January. Then, you haters will be put to shame.

Jodesky:


You must seek a refund of all fees spent on you in school. Your education has been a complete waste.....

Polyestar:
Nairaland is no longer generating much traffic from MMM front page topics as they used to anymore. That's what happens when you overbeat a topic - it gradually becomes boring and irrelevant.
Ok, MMM is bad; agreed. But be fair to answer this question: between Buhari's government and MMM which is worse