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MMM : Ponzi Scheme Still Alive

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With millions in Nigeria restive over the disturbing pause/freeze to receive payout from the viral ponzi scheme (MMM) and the obvious analogies made by critics and analysts on the imminent crash of this scheme. Reports and scrutiny research have found out that the Ponzi scheme might yet be alive.

However, the argument to refute the positive report/hope is simple; before the imminent pause, there was a 50% clause on all funds available for help. The argument is this, if the freeze was to be carried out before the holiday, the 50% bonus should have been the bonus for all those who would keep their funds in the scheme without pay-out through Christmas break till the beginning of January or whenever this freeze/pause is to be deactivated.

This argument is however, plausible because it could have helped out a ot of people who are pensive to be aware of their plans instead of second guessing and also; news headlines like Groom-to-be drinks insecticide over alleged crash of scheme in Benue, New MMM participant goes mad after news of freeze broke, e.t.c

Well, the great news is this, The operators of Mavrodi Mondial Moneybox (MMM) in Nigeria have denied reports that the reports that the alleged Ponzi scheme has crashed. Rather, operators say the ‘freezing of confirmed Mavros’ was aimed at ensuring the sustainability of the scheme in Nigeria beyond 2016. They said in a message sent to all subscribers that the measure was put in place because “in the New Year season the System is experiencing heavy workload.”

During the period – December 12 to January 12 – none of the participants would be able to ‘get help’ (withdraw funds deposited with the mandatory 30% interest).

“The one month Freezing of Confirmed Mavros is a step to ensure the sustainability and stability of the MMM Nigeria system,” MMM said on its dedicated Twitter account. “There is no better time to PH than now when you can earn 50% more of your amount of PH. There is nothing to worry about.”

While your Mavro is in one month Freezing it continues to grow so there is nothing to be worried about. Just continue to PH to earn 50% more

There is no better time to PH (provide help) than now when you can earn 50% more of your amount of PH. There is nothing to worry about.

“While your Mavro is in one month Freezing it continues to grow so there is nothing to be worried about. Just continue to PH to earn 50% more.”

MMM has come under intense government scrutiny, with the House of Representatives, Central Bank of Nigeria and Security and exchange Commission, at different times, warning Nigerians, against investing in the scheme, saying doing so is risky.

According to information on MMM Nigeria website, about over 2 million Nigerians are currently participating in the scheme.

 

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