Saturday, 7 January 2017
MMM clone GMAfunds crashes as alleged Nigerian owner flees to Dubai


Weeks after pyramid scheme MMM froze out participants from withdrawing their money, a similar service known as GMAfunds has collapsed, leaving thousands of "investors" stranded. In December 2016, another service known as Helping Revolution crashed with people's funds. Both

Although they are not as popular as MMM, GMAfunds and Helping Revolution trapped an estimated 100 million to 200 million naira in participants' funds in the system, Somtoo Okoye blog sources say.

Unlike MMM which gives people 30% of their deposits, GMAfunds promises a 100% return for participants as well as 20% deposit and 20% referral bonuses. It also accepts use of Bitcoin currency.

GMAfunds website does not indicate if it has any affiliation with Russian owner of MMM Sergey Mavrodi who founded MMM Nigeria, MMM South Africa, MMM Zimbabwe and the likes.

However, some top players in the Internet marketing circle have pointed accusing fingers at a young Nigerian entrepreneur named Seun Ogundele for not only fiercely promoting the services but founding the GMAfunds and Helping Revolution pyramid schemes.


Seun who travelled to faraway Dubai, United Arab Emirates earlier this week, says he is arranging his team of lawyers to challenge his accusers in court.

This development is coming days after MMM Nigeria says it will unfreeze participants' monies starting from January 14 2017.

Read more: http://www.somtoo.com/2017/01/mmm-clone-gmafunds-crashes-as-alleged.html

More lalasticlala

Lemme book space.

Chai. . .

No fund is lost unless you want it lost.
We are forensic auditors and we specialize in cases like this.
Anyone that has fallen victim to either of these schemes and wants to retrieve your funds invested in these scheme, kindly send a mail to

Rightwayaccountant@mail.com

We guarantee that you will get your funds back whether it's a digital currency transaction or fiat currencies.

ndi-ofe and scam eh!

i fear una but i no run!


scamming contributes 65% of damage to the image of Nigeria!

drug contributes only 35% damage to the image of Nigeria - why is everybody castigating drug pushers despite the risks they expose their lives to and no one is saying anything about scammers who sits in the comfort of their homes and rob the poor of thier hard earned money and their lives too - bc often times they endup committing suicide due to lost of hope!


ndi-ofe! ndi oso chi egbu!

Favorite1:
No fund is lost unless you want it lost.
We are forensic auditors and we specialize in cases like this.
Anyone that has fallen victim to either of these schemes and wants to retrieve your funds invested in these scheme, kindly send a mail to

Rightwayaccountant@mail.com

We guarantee that you will get your funds back whether it's a digital currency transaction or fiat currencies.

you see!!

another format to scam the already scammed!

final burial!

and guess who is behind this new format!? - onye ofe mmanu!

they don't have conscience! that's why they kill anyone and every one for easy money rituals!

ndi ofe! fear them! even the devil himself is afraid of them - cause their evil mind makes even the devil a learner!

Sirpluv:
Chai. . .

anoda one spotted!


he wants to turn your 1k into 40k and he is still on nairaland begging you to give him your 1k so he can turn it into 40k instead using the initial 1k of his that he converted to 40k and recycle it over and over and over again - at least by the time he recycled his first 1k to 40k into 40 times he would av earned more than 1mila and reconvert it all over again before 2017 is over he would av been richer than dangote!

he is still here begging for your 1k!


check where he is from and i can bet 1k that he is from ofe!


ndi ofe!

Good news

Shoo? See as the guy small self.