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Tuesday, 25 October 2016

Nigerians You Need To Read This : The Secret Of MMM Nigeria Has Been Revealed

Saw this article on Guardian newspapers..Read,its very interesting;

With the current high rate of unemployment, job losses and pressing financial needs in the country, it is not surprising that the youth are embracing questionable get rich quick schemes and opportunities.

For instance, the number of Nigerians that now patronise the popular lottery games is on the increase. Some youths are also deeply involved in sport betting through such platforms as Nairabet, Merrybet and Bet9ja, among others.
It is against this backdrop that the MMM Federal Republic of Nigeria made a grand entrance into the Nigerian investment market in 2016. MMM stands for Mavrodi Mondial Moneybox and takes its name from its founders, Sergei Panteleevich Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova.

The outfit was established in 1989 by these three Russian nationals, and promises its clients 30 per cent return on investment (ROI) for money put into the system for 30 days.

The scheme prides itself as a mutual aid fund through which recruited members contribute money to assist others. The founders claimed they are not into banking, online business, investment company or a multi level marketing (MLM) programme. The scheme structure, however, indicates otherwise.

For instance, members can have multi-level structures under them and receive bonus from each donation of every participant in their structures.

The company has been able to persuade many Nigerians to buy into its idea. Many Nigerian big online Business coaches and entrepreneurs with vast subscriber base are encouraging their followers to key in to the MMM opportunity. Thus, some Nigerians have invested millions of Naira into this scheme and are enjoying their newfound wealth.

This reporter has seen screenshots of money many claimed to have earned from the scheme. According to one such subscriber, Babajide Abayomi, MMM ensures a level playing ground for all. And with it, people don’t have to be under the yoke of the banking system, which demands that huge interest be paid on loans. He said MMM is real and safe.

However, the question some have asked is: How long would it take to sustain the profits? Many still remember vividly the mad days of the Wonder banks in the early 2000s. Then, many lost their hard-earned money to the likes of Pennywise and such other scammers.

To really grasp the risk involved in investing in this type of scheme, a study of the founders’ backgrounds provides good insights into the viability of their outfit.

According to Wikileak, the online information library, МММ was a Russian company that perpetrated one of the world’s largest Ponzi schemes in the 1990s. By different estimates, between five and 40 million people lost up to $10b. The website said the exact figures of money lost are not known, even to the founders.

The site described Sergie Mavrodi as a Russian criminal and a former deputy of the State Duma in Russia. According to it, he is the founder of the МММ series of pyramid schemes. Wikileak reported that in 2007, Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110m rubles ($4.3m).

Wikileak reported: “In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding, “It is a Unclad scheme, nothing more … People interact with each other and give each other money.

For no reason!” Mavrodi said his goal for launching MMM-2011 is to destroy the current financial system, which he considers unfair, and form something new to take its place.
“In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid. He has also launched MMM in China.

He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.

4 comments:

  1. Do you think Nigerians are foolish? Even if MMM is a scam, we dont mind. We are okay, thank you. We are waiting for you and Guardian Newspaper to help us with 11 % of what MMM has helped us achieve. Nonsense! You are just begging for attention!

    ReplyDelete
  2. Niger Delta Avengers Issues warning to the prosecutors of the MMM community
    The Niger Delta Avengers has declared a
    warning to every media network in the
    federal republic of Nigeria, stating that the
    community MMM is no scam and that
    since the federal government can not and
    is not willing to put an end to the
    economic mealt down of this country they
    should quit the condemnation of the
    community which has risen to help the the
    economic situation of the country, they
    also gave a direct warning to "THE POINT
    NG NEWSPAPER" and its staffs who has
    been paid by CBN and SEC to create panic
    in the minds of Nigerians about the MMM
    community by publishing all manner of lies,
    The Niger Delta Avengers warned that if
    they should release any further blasphemy
    on the MMM community again in their
    papers they will be visited in a manner they
    will not appreciate.
    lies by the point ng papers
    The Niger Delta Avengers also laid the
    same threat to every other media network
    taking part in the procrastination of the
    MMM community saying that every one is
    meant to leave a happy and satisfied life
    they also included that this world was not
    meant for the rich alone and that MMM has
    come to make every one happy, they also
    vowed to fight for the community with
    every thing they have,
    Since the community is doing
    what the Government has
    failed to do we will stand by
    it.
    MMM!!! Together we can do a lot.

    ReplyDelete
  3. If MMM is a scam, let the scam continue...
    God has changed my life through MMM! You better join now to avoid had I known!
    Together we change the world.

    ReplyDelete
  4. If MMM is a scam, let the scam continue...
    God has changed my life through MMM! You better join now to avoid had I known!
    Together we change the world.

    ReplyDelete

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