People are greedy and the Ponzi operators know this. All these MBA forex defenders are scared low key, because they know it's a Ponzi scheme and they also know they are trapped in a cycle they can't get out of. Everyone I know who has completed a cycle with MBA forex had renewed their investments with even larger sums. They are tied to their greed and there's no way out. They keep hoping the scam will run long enough for them to make a fortune, unfortunately, they will end up borrowing more money in addition to whatever gains they had made previously and that's when Maxwell will strike. Very soon MBa will pack up and their NL warriors will go into hiding.

Jaephilipx:
Lol smh. MBA is a Ponzi scheme, NO FOREX TRADER can pay you a fixed amount of 15% every month.

lol from their website,
360,000naira to 5,000,000naira earns you 15% monthly.

Not surprisingly, 100,000,000naira earns you 2.5% monthly?

Wanna know why? Because it’s a Ponzi scheme, they can pay the small investors that much and balance from the big investors money, but if they do that for the big investors the system would crash.


Now here’s my question for you, if they were really trading, why does the lower investment have the higher profit monthly? And the higher investment have the lower one? It won’t matter if they were trading? But here’s the thing, they can pay the lower investments that much. But imagine paying 15% of 100 million naira monthly, they’d run dry. If the trading was real, they should be able to pay all investors 15% and most especially the bigger investors.

With legitimate investments like treasury bill, real estate , bonds, the more you invest , the more you earn. When treasury bill was still on , we bought from banks at 12% per annum. But if you had 100,000,000 naira, you can buy from CBN directly for as much as 17-20% annually.

But this Ponzi scheme? If they try to pay a 100million investment 15% monthly, they’d crash.

Common sense Nigerians. Don’t you learn You just bring your money and automatically they trade for you and start paying you monthly.

Lmao.

I really feel sorry that in 2020, people still havent learnt their lessons and still drop their hard earned money into the hands of money doublers. Nothing about the MBA forex system shows me that they arent a Ponzi Scheme. Unfortunately I have a family member with millions of naira invested there and Im am hoping and praying this person comes to their senses before the MBA scheme crashes.

Do your due diligence before you invest with any organisation. I look at MBA forex and i see so many red flags:

1. Their CEO and top leadership arent verifiable, have no background in finance or investment and simply cant be traced online - in essence they are ghosts. They WILL Disappear one day, leaving their workers and investors to lick their wounds. Someone should prove me wrong and furnish me with the linkedin profile of the CEO, Maxwell Weli Odum. Where did he come from? Is that even his real name?

2. They brandish EFCC Special Control Against Money Laundering Certificate as a way to prove legitimacy - Unfortunately , that certificate proves nothing as SCUML was set up to tackle MONEY LAUNDERING especially as it pertains to. terrorism. The SCUML and EFCC DO NOT regulate business practices for legitimacy. So their business model is not of interest to the EFCC, it is what they do with their accounts that matter. The fact that they use this certificate in their sales pitch makes me queasy

3. If it sounds too good to be true then it is too good to be true! An investment vehicle that can yield 180% per year is incredulous! HOW?! Some of you guys keep mouthing FOREX as though FOREX is an hidden gold mine where investors just pump out money for free. For you to be able to pay your investors 15% every month means you should be making maybe 25 to 30%! Thats over 300% and they claim these returns are GUARANTEED! HOW! The only plausible explanation is that "this is a pyramid scam". They will make payouts so that the base of the pyramid can continue to grow. Then one day, the payouts will stop. It will surely stop, because like most pyramid schemes, they will get overwhelmed with 'greedy investors' who want to invest 4million Naira and collect #600,000 per month! In some way you could say that the people who would definitely lose their money to MBA forex would 'deserve ' it because they are greedy and stupid.

But my people will still invest or rather dump their money down this drain while deceiving themselves with CAC certificate and the fact that others are getting paid. Please remember that MMM paid out investors until December 2016 when 3million people lost all their money. 7000 people lost 7billion Naira. Every year a new scam is born and greedy lots get taken.

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