₦airaland Forum

abbey621:
Where do Nairaland get people like you from? Just read what you wrote, if you have any form of reasoning, you would realize certain people don't need MMM to make it in life. If half of the people participating in MMM have credible decent paying jobs, they would not participate. As for your theory on movement or business, answer one question: What happens when someone that received help decides not to give help? Save your sermon for people in your class and stay in your lane!

nellyquash:
Please I have a friend that registered under another guider but he has not Provided help since he created the account.

If i should register him under me again and he Ph, hope he is safe since is a different guider and he does not want to use the first account again.

Your response will help.

Thank you.

Donbigi2:
Please how long did it take for you to get matched? It's been 25days I've not been matched

btaliat:
I need someone to tell me how feasible is this. I registered my sister under my friend because of surname ish. Now I want to register her under me using her other bank account and reshuffle her name and also request for a new guider for her. Hope we won't be charged of having two accounts?
Pls I need experienced answers.

grandstar:
Take it from me , pyramid schemes always crash. He does not have to state all that to gain your attention.

MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment.[citation needed]

An important factor in the scheme's success was word of mouth, but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov. Another notable marketing effort was a giveaway of free Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others).[citation needed]

At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.).[citation needed]

Regular publication in the media of the rising MMM share price led President Boris Yeltsin to issue a decree in June 1994 prohibiting financial institutions from publicising their expected income.[citation needed]

The success of MMM in attracting investors led to the creation of other similar companies, including Tibet, Chara, Khoper-Invest, Selenga, Telemarket, and Germes. All of these companies were characterised by aggressive television advertising and extremely high promised rates of return. One company promised annual returns of 30,000%.[citation needed]

On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide.[citation needed]

https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

chiedu2600:
Ofcourse i paid him actual amount and upload the teller. I wrote him on chat to tell me reasons why he doesn't want to confirm me. But he hasn't reply me.

chiedu2600:
Hello House, i have Ph to fellow mmm participant on the 17/11/2016 , now today been 20/11/2015 he have refused to confirm me. I have called his number many times he decline to answer his calls. I have had written him in the message chat box stating to him to tell me why he refuses to confirm me after received payment. Till now no response from him. What should i do?

ify4king:
Where is the 30% coming from? This is a frequently asked question and is an intelligent one. MMM is never shy to say the 30% is provided for from the help provided by new participants, which and the cycle is strengthened when older participants return to provide help and invite more people to join MMM.

Its like asking “how do insurance companies payout insurance claims for say written-off cars, burnt down houses, lost lives etc, the answer is they depend on new clients signing up to join their insurance scheme and pray all their cars and houses don’t get destroyed at the same time.

Unfortunately, the fear of not understanding the MMM ideology and model has made the media write unfounded stories about MMM, thereby creating panic in the system and making every participant want to get help at the same time.

Imagine if every account holder of a particular bank decides to withdraw their money on the same day, how likely is it that any bank will survive this?

Anyway, MMM is not by force, it is optional and just when many say “what if it doesn’t work, we say “what if it works”?

Try with N1,000 and confirm for yourself if it works. MMM warns that participants use spare money to provide help in MMM and not sell their house or cars to join MMM, as MMM offers no guarantees.