ILIDEFI:


...and the circle continues...
Are you aware that that initial 100k you put in as give help which fetched you 130k after 1 month will ultimately amount to:
2.3 million after 12 months
54.3 million after 24 months
1.26 billion after 36 months
29.46 billion after 48 months
686.4 billion after 60 months.
What this means is that after 5 years, 686.4 billion naira will be needed to pay the last set of people that provided help (ie people that provided help in the 59th month from the time that the 100k help was given).
Can you now see how 100k turned to 686.4 billion in 5 years?
Do you still think this scheme will last forever, even if the government doesn't stop it?

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It's not like this Brother. Lol. You are given proper education when you become a member. You took 130k this month, it is expected that you will not run away, it is expected that when you learn what it's a about you will re-donate to the system. That way some one else can be paid.. When you become a member giving out money every month won't be a challenge to you.

See it this way. MMM is like a house full of Rice grains. There's so much rice stored in the room such that if you eat 20 cups alone, it won't shake the rice storage.. however in MMM you don't eat infinitely you eat only 30% more than what you contributed 30days ago.

Remember, Before you eat, you must have contributed your own small rice amount to the the large storage...

That rice storage can never finish unless everyone comes to take rice on the same day from the storage.. but in MMM this is not possible because The release date of every fund put into MMM is 2weeks. It means you cannot collect any rice from the house until 2weeks. Before this time, more people would have deposited more rice... the cycle continues..

Unlike the rice illustration however, there's no central money storage, all the money is virtual.. Held by simply making a promise called Provide help. You money is in your hand but u contribute to the system by clicking a button. You pay this donation directly to a fellow member who comes for rice (money) today..
If MMM closes today in Nigeria, the owner mavrodi will not be with any money. The losers will be those who didn't have the opportunity to receive help back after giving others.. When you make this promise to donate to the community,, your money can be with you up to three weeks until they find someone that needs it. One week later you request for help , someone else gives you.. It's amazing.

Now if the government comes in and says I want to shut down this rice house it's a scam, people who don't have strong footing would run to the rice Storage house to get their rice out and more people would likely not donate rice to the room. Gradually the rice diminishes from the room and no one can take Anymore.

At this stage, the government will say it's a scam. I think it's wise to be properly educated on a subject before voicing public opinions..

We in MMM are particularly aware of the risks. We have been prepared for this government onslaught for a long time.

Now ask, if the idea is this beautiful and sustainable why the onslaught? Look for the answer, it's in front of you. Start from your house, there is no light , while the rich have diesel to power their Heavy duty engines, look at the roads, none existent while the rich can fly at will.

Bank loans cost you 22-28% per month, with MMM why do you need loans from the banks? With MMM why would u slave for ogas and madams?
When they see they are losing their grips on you my dear they will fight. Remember Pharaoh, remember the struggle for black rights in the US. Remember South Africa and the Apartheid horror, remember most recently the Biafran Struggle and the blood spilled..

The Masters never want you liberated and they keep working on your mind to keep you bound.

If you want to know more contact me on WhatsApp 08034762323

I hope this helps..

adeabi:
MMM Global only gave South Africans the bad news with a post on its website saying “We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to be able to pay 100% per month.”

Less than three months after the company collapsed in South Africa, MMM Global, a Russian Ponzi Scheme company has opened shop in Nigeria with the domain name- nigeria- mmm .net
MMM was established in 1989 by Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders’ surnames.

Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion, leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful.

MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi’s initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export.
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.
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).
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.).
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.
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%.
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.
Several organisations of “deceived investors” made efforts to recover their lost investments, but Sergei Mavrodi manipulated their indignation and directed it at the government. In August 1994 Mavrodi was arrested for tax evasion. However, he was soon elected to the Russian State Duma, with the support of the “deceived investors”. He argued that the government, not MMM, was responsible for people losing their money, and promised to initiate a pay-back program. The amount ultimately paid back was minuscule compared to the amount owed.
In October 1995, the Duma cancelled Mavrodi’s right to immunity as a deputy. In 1996, he tried to run for Russia’s presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997.
While it was believed that Sergei Mavrodi left Russia and moved to the United States, it is possible that he stayed in Moscow, using his money to change apartments regularly and employ a group of former special agents. With the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies’ stocks in a form of the “stock exchange game” on the company’s site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission, losses of victims were at least USD 5.5 million.
Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long). At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007. He later went on to creating yet another pyramid scheme called MMM-2011.
The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies.
In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a “30% per month” return through a “social financial network”. The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank. In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg.
In 2016, MMM launched a website targeting the Nigerian audience.
Many Nigerians who are not conversant with the fact that the company is a fraudulent establishment that defrauded more than 40 million people of at least USD10 billion before being shutdown and declaring bankruptcy in Russia.
As reported by Fin24, MMM Global in its usual manner operated a platform where its members are encouraged to donate money to others by rewarding them with the bitcoin-linked virtual currency – Mavros – in return, and can apparently get 30% return on their rand investment by doing so.
However, it is a known knowledge that a scheme is a Ponzi scheme when expected return is 20% higher than the repo rate. To the amazement of any reasonable person, many South Africans still fall prey despite the fact that the repo rate in SA is 7%.
MMM Global only gave South Africans the bad news with a post on its website saying “We regret to inform you that we have to close down the Republic of Bitcoin. It was an experiment, and, unfortunately, it failed. We turned out not to be able to pay 100% per month.”
How can a company that has been defrauding people since 1989 claim its scheme is an experiment in 2016?
I met a former colleague who has fallen prey to the fraud. He was reveling in the phantom promise that his NGN100,000 will yield him additional 30% in return. I immediately alerted him that he has fallen for a Ponzi Scheme and that everything will soon blow up in his face.
To further delude their victims, MMM Global has been using propaganda and lies. My colleague narrated the origin of the company to me. Even a smart person will get carried away. The height of the idiocy was when he told me that MMM was closed down in Russia because the company became richer than the Russian government and all the banks put together.
A day before it collapsed in South Africa, BehindMLM, a website that reports news on Ponzi Schemes and Multi-level Marketing, MLM warned the public saying:
“The financial apocalypse is upon us, MMM Global has collapsed,”
“MMM Global’s Ponzi clones offering a lower percentage haven’t ‘proved’ themselves any more than MMM Global did,”
“MMM Global cannot sustain paying out more than is invested. And as long as affiliate investment is the only source of revenue entering the scheme, any MMM Global scheme will ultimately collapse.
“They’ll continue to pay ROIs (return on investments) until withdrawals exceed the rate of new investment, and then run out of money all the same. One only needs to look at the collapse of MMM China for evidence of what’s to come”.
“Unfortunately for most MMM Global investors, the collapse is the end of the line. Those unlucky enough to live in countries where MMM Global runs secondary scams (like South Africa), were informed their accounts would be transferred over.”
However, I am not surprised that Nigerians will fall prey to MMM Global. Ponzi Schemes are recurring decimals in the social history of Nigeria. From fraudulent investment clubs, to wealth solutions and other MLMs across the country.
In the midst of the banking boom, many Nigerian lost billions of Naira (NGN) to Ponzi Schemes who promised millions of the population superfluous interest rates close to 150% within 30 days.
A writer once accused many Nigerians of ‘momentary amnesia’, but in the midst of an economic crises, record inflation and ‘technical recession’, the lack of access to information by victims of such schemes seals their fate.

I hope You read through this piece. You should see the
bias in there. To me, the story doesn't add up.

1. The government shut down MMM in Russia (For Tax evasion not fraud) He was arrested, and charged with fraud.
2. The man mavrodi was incarcerated, or lemme say on the run, what happened to the money of the people that was in the rooms full?
3. Research about Mavrodi, he doesn't have a private jet, nor a yatch, nor a Mansion, he has dedicated his life for the survival of the poor.. And you know, no system in the world ever believes in the raising up of the poor.

4. It's a pity how the world has worked on us.
We only believe what they want us to. Lemme ask, apart from this thing you copied and pasted, have you other information on this?
Have you heard from the man himself. Have you read his books? Have you other sources of information before you will be so sure of what you are saying?

MMM wanted to help people. He was doing so, if they failed it was because of some factors and they have been improving on it.

I know, if I ask you why Ghadafdi was killed by America, you would run to Wikipedia and copy and paste. And you will come here arguing that he was a traitor. You have been deceived so long my dear.

If MMM Nigeria fails today, it won't be because he wanted to defraud us, it would be because SEC and the banks fought hard to cripple it..

And I may feel sad for financial losses but I will be happy that I was part of a process that sought to bring a real change than what Sergeant Buhari promised us.

Receive help my dear.

dollyjoy:
For one sucessful story from mmm their are ten unsuccessful stories.



People should learn to work for their money, not giving the little they have to scammers.

You're either not realistic or you're not intelligent enough to see that for one negative comment like yours there are 20+ positive ones.

I give you 3 more months Mr work for Money, you will join MMM, work for your money and put it into the community..
Someone donating 2million into the community, what is he doing?
Is he playing for the money.. Rich people are on the platform, poor people like you too are there..

We bridge the gap between both. From the poor guy that contributes 1k to the rich man that donates millions , you.
For the first time, I have seen another subject that unites Nigerians apart from Football.

MMM is here for your good take the advantage.. Sergeant Buhari has failed all of us