Stella Dimoko Korkus.com: SEC Warns Investors On Activities Of MMM Nigeria

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Thursday, 1 September 2016

SEC Warns Investors On Activities Of MMM Nigeria

The Securities and Exchange Commission (SEC), has warned the investing public on the activities of some online investment scheme tagged ‘MMM Federal Republic of Nigeria.




According to SEC, the promoters of the scheme carry out their business activities via Nigeria.mmm.net portal/platform, and are promising investors a monthly investment return of 30 per cent.

SEC said the venture had no tangible business model, describing it as a Ponzi scheme, where returns would be paid from other peoples’ invested funds.
Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The scheme generates returns for older investors by acquiring new investors.

The notice on SEC’s website thus read, “The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.

“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”

SEC, therefore, advised the general public to be wary of the online scheme, adding that anyone that subscribes to this illegal activity does so at his/her own risk.
In a related development, SEC said its attention had been drawn to the activities of one Mrs. Oge C. Ottiwu of No. 118 Zink Avenue, Opposite Eke Market, Awka, Anambra State, allegedly engaging in capital market activities without any registration within Anambra State and its environs.


“Section 38(1) of the Investments and Securities Act, 2007 requires any person who intends to operate as a professional in the capital market or carry on securities business to be registered by the commission before engaging in such activities. It is therefore illegal to carry on any kind of capital market business without registration,” it said in a post on its website.


The sun


120 comments:

Miss Ess said...

Good to know

Miss Ess said...

Good to know

Didi Gorgeous said...

Good they addressed this.
People bragging they invested 20 million and got returns mgbeke feeling funky stopit biko. Agadinwanyi na agwo ofe.

victoria usip said...

Good news.The first time i heard about this MMM,i knew something was wrong.

Zita Onyenma said...

Hahaaaa. It's about time. That business is too good to be true.
The fear of them doing "vaavaaavooom" with your money is the beginning of wisdom

Ideato/ilaje blood said...

Very good Read

Amysweet said...

It is a community provided for helping people. You will provide help with your money,,,& after a while u too can ask for help
As a starter u will register/provide help with 20k...& at the end of 30days you get 35k back.. Some of my friends have cashed out from this.. It works tho

QUEEN AMY Loves ACCESS BANK said...

Lol my friends have been disturbing me about mmm, cnt risk my little income on this cos its already late, the only ones that will benefit are those that invested in the early stage. There is also Helping hand international and fast track.

vee said...

I almost joined ooo...was just skeptical about it.

Anonymous said...

Lies! MMM is so real

Loveme Jeje said...

Where those people that said MMM Nigeria is good. Una don hear. Put your money at your own risk. I will laugh when you guys come here to cry about it. Dont put your money on that mmm nigeria.

They are behaving like baba ijebus

Sassy 'Meruche' Fire said...

You see it? Was telling my colleague that has been disturbing me to invest in this particular MMM nonsense. I told her that all these online investment stuff are Ponzi schemes and I wouldn't be caught dead investing in any of them.

All these things that require you to bring people to register under you in order for the business to grow and you make profit,hell no...not for me.

Anonymous said...

Stella the person that owns it is my friend segun olaitan thank God i didn't do it.

James said...

Noted

nzube izuu said...

Ok now. Let the doubting Thomases continue!

Unknown said...

Who SEC epp?

Gbogbo bigz girlz said...

Ok. We've seen.

#datFATuvwiegirl!!! said...

I am scared of putting the small change I av into it. But I know a lot of people benefitting from it. A dude took a loan of 10m and invested in it, he got 13.2m in 30days.

Mr F said...

Who SEC help

Mr F said...

Who SEC epp?

Gerrraouthere

calabar Chick said...

Some call it Money Making Machine!

Mr F said...

Who SEC epp?

Getoutrahere

#datFATuvwiegirl!!! said...

My sis says according to satistics, only 2m of Nigeria's 169m populace are aware of MMM. She says she's going to stop investing in it when about 30m of our populace gets to know about it, because that is when there's going to be possibilities of MMM abscounding with the money of Nigerians.

School Life said...

Ghen ghen... I told my friends I'll never be part of this cus it will end with them defrauding people.

Anonymous said...

Very.good info

Anonymous said...

Na wah ooooh .... but people have bin collecting back their money plus interest nd no report of fraud. Make govt provide jobs make people nor dey fall enter such fraudulent arts

j baby said...

MMM is no scam, what has the country done to better the lives of the people, a community came up with a program to help people get financial freedom and u call it a scam.

How is a scam? How? Who has MMM dumped? I have been in MMM since February, bought a land from it starting a business from it, so Stella tell me, how it's a scam. People just jump into conclusion without getting to know the real deal, study the ideology, and know how it works.

Please MMM isn't a scam I'm a testifier, it helps me get extra cash added to my salary, government owes yet MMM is sure paying.

SEC park well come let me register you people so you understand the system better. Mitcheeew

sugarwhip said...

Abeg leave tori. That's what we corpers have been surviving on nd it works nd that's all that matters. Paint bucket of rice is 2k nd they are there spewing rubbish

Anonymous said...

make all of una park well. i dey do am life. all things na risk.na small money me put sha. it will crash some day, but no company defrauds anyone as there is no central account

Mama Afrika said...

I knew there was something fishy about this!

Vivilicious said...

Av benefited from it too. Am sure its because they didn't register with SEC, that's y they are coming up with this.

Anonymous said...

It is not a scam,my brother is benefiting from it and even a friend to my brother, has earned a million plus from it.Pls stella next time don't publish news if u re not too sure,dont mind SEC, they are confused.

Anonymous said...

Go and read about the history of this your MMM on Wikipedia.. it originated in russia in the early 1980's. A Lot of people made money but when the company crashed,some people committed suicide because of the money they lost. Wisdom.is profitable o. Greed will make you keep investing larger amounts and they know this is a basic human instinct. Use your head and know when to stop.

The Sexiest Mother Of This Blog said...

Jbaby please tell them. In Nigeria everything is a scam to them. I have been paid twice via mmm and I am even regretting why i didn't join since march my course mate introduced me to it and I am so glad I later joined. Its very real.

I am a testifier. I invested and at the end of the mth, I got my money and my 30 per cent interest back plus the 10 percent from those that joined under me.

Whom ever that is behind MMM God should continue to bless him cos he has touched many lives with MMM.

MMM is real, MMM is true, MMM is the real deal.

If you still think its a scam then please don't join. Its not by force.


Life is a risk its self. Keep shouting scam while people are buying land and houses from with interest.


Kwakwakwakwa
Kpohokpohokpoho

Am out of here mehn!!!

Frost said...

No one aint saying it's not real, but anything that has a beginning surely has an end. Where does the 30% interest comes from?

The Sexiest Mother Of This Blog said...

Tell them. Mmm.is real. Very real

The Sexiest Mother Of This Blog said...

Army tell them. That is if they will hear.

Frost said...

Yea people are making it from investing...but it's a high risk investment. I wouldn't find myself participating in it

Frost said...

Oh sure they will abscound when the investors increase. Ask what happened to them in Russia.

Frost said...

All that is just for the mean time. It started all the way from Russia, they were able to get people trust before they perpetrated their fraudulent act

Frost said...

Calm your Tits... LoL

The Sexiest Mother Of This Blog said...

For those that will later join. Make sure you register and do it ur self, let ur guider guide you. Make sure u re the only one that has your password. It is very real. I can testify to it with evidence. And moreover never u invest all ur money. Since I joined last 2 mths, I have not seen Any one that was scammed and even their security is very tight. So my people give it a trial. You can start with 5k

If u join now,they will give u free 50dollar, and when you invest for example. 50k at the end of the mth, they will pay u 65k and also include ur 50 dollar that they gave u freely when u signed up

And when u get people to join under you, u will get 10 percent of what they started with. Its so real

If u invest 500k they will pay u 650k
And if u invest 1m they will pay u 1.3m

That is 30 percent of what ever u invested with. But if u re scared. Please leave it. Its not by force.

Everything in life is a risk.that's why it is advisable not to provide help with all ur money.

Any one interested can email me for more explanation thou.. And mind u I have nothing to do with ur money.

The Sexiest Mother Of This Blog said...

For those that will later join. Make sure you register and do it ur self, let ur guider guide you. Make sure u re the only one that has your password. It is very real. I can testify to it with evidence. And moreover never u invest all ur money. Since I joined last 2 mths, I have not seen Any one that was scammed and even their security is very tight. So my people give it a trial. You can start with 5k

If u join now,they will give u free 50dollar, and when you invest for example. 50k at the end of the mth, they will pay u 65k and also include ur 50 dollar that they gave u freely when u signed up

And when u get people to join under you, u will get 10 percent of what they started with. Its so real

If u invest 500k they will pay u 650k
And if u invest 1m they will pay u 1.3m

That is 30 percent of what ever u invested with. But if u re scared. Please leave it. Its not by force.

Everything in life is a risk.that's why it is advisable not to provide help with all ur money.

Any one interested can email me for more explanation thou.. And mind u I have nothing to do with ur money.

Nk 4 real said...

My dear thank you very much, am also a strong member nd has benefited a lot, don't mind the fools... Suffering nd smelling, join mmm today nd your life will change, don't allow any body deceive you, it's all about helping one another not a scam please... Have a strong confidence on it and you will smile...

Nk 4 real said...

People has been suffering in this useless country and now God has provided a mist of helping us you guyz want to tarnish it, it will not work for una, mmm is so real, am a witness nd one of the beneficiary, am even annoyed that i didn't start on time, many people even me are using our bonus to make more money on it, please nd please you guyz should ignore this fake government nd enjoy mmm, it's real, it helps, it's good thanks.

DonMayor said...

SEC say make you beware, you still dey talk chochocho. Invest at your own risk.
If you want to be an investor why don't you go to a stock broker.

Yummy chick cum mummy said...

Yes. V done it. I did mine for 1 wk sef.. 20k collect 29k.. It works jor.

Marilyn Monroe said...

Mmm is not a scam!!!!
It's so real, you need to understand the business first. No one is absconding with anyone's money.... You're not paying to Mmm as an organization, your money remains with you. Registration is free, you need to bring no one to start earning.

Daniel said...

It's funny how we call it help and expect the borrower to pay as much as 30% interest in just 30days.What kind of biz will give you a return of more than 30% in a month? Beware and be wise. That your friends have cashed from it doesn't make it a good business.Imagine someone giving you 500k for just 30days and expects you to pay him/her 150k interest within the period. Ask people in the past who were bragging about NOSPECTO what happened in the end.My colleague in the bank then that was benefiting and refused to listen to me had to convince her sister abroad to put 7.5M and another used customer's 10M fixed deposit and they all went under. It's a simple business sense, forget about what you are benefiting now. Be objective and realistic.

Anonymous said...

IF U LIKE DO, IF U LIKE KEEP YOUR MONEY, NA U SABI ? WHAT CAN REALLY GUARANTEE YOUR INVESTMENT IS SAFE, we have seen banks shut down, we have seen people loose investment, we have seen it all. can SEC even guarantee your stock? people lost millions in this same stock market. so make them go rest. period!!!!!!!!!!! with MMM i stand!!

LUCILE COCONUT OIL ABUJA 07059605320 Pin- 2BC6235E said...

Hmmm,After my 450k went with a "Gold Package"i won't try anything looking too good to be true.initially they will pay you to gain confidence of people,when people start investing big money,it will enter voice mail,be warned,that such paid you today does not mean it is real,"Gold package" was paying initially until people started investing big money,na so my money enter voice mail oooo

Founder Dada said...

Government wants their share because they can't tax it. MMM pays. Lol

j baby said...

Sexiest mum I love you for your sincerity. πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„. When someone doesn't understand a system they call it scam

j baby said...

Anon 11:27 buzz me I would give you lecture if u so wish but the worst thing that u can do is believe media, take your time to understand things yourself, media can lie, they can paint white black. Don't trust media.

Anonymous said...

MMM is the real deal! stella, a couple of months ago ehn i couldnt boast of 20k as my savings! but right now i have hundreds of thousands as my profit from MMM.
SEC is just wasting their freaking time!
before now anything that has to do with online investments wasnt my thing.
after joining MMM i don become person when dem dey listen to for my family because i don dey contribute something for table.
God bless MMM abeg.
even if it crashes now sef like all these people are saying, i go still thank God say e use dem take put smiles for my face!
i nor dey borrow upandan again!
Mavrodi you go live long o!
una dooh abeg

j baby said...

Spread it sexiest mum, don't mind them.

j baby said...

Sure

Anonymous said...

They are not forcing anybody enjoy your poverty

Anonymous said...

Mmm said use Spare money don't go and invest all your cash.
Use spare mumu why would your friend use 10m for online business she die well na

Anonymous said...

Your friend only wants to help you from poverty

Anonymous said...

Bf it would have an end I would have made money from it

GERMAN JUICE said...

Mmm,has been paying me I have made money from it and even if it will crash today I don't even care.
Yes it is likely to crash, that is why you do it wisely.
For now the money I use in Mmm is all the profit I have made I don't have my capital in it,it is the money I have made from them that I now use with them and still getting more profits so when ever they crash I have nothing to loose coz already I have benefited more than I could ever loose.

Use spare money for Mmm not your life savings.
Mmm is not an investmemt.
No one is forcing anyone to partake in it,I get angry when I hear people say I have been pestering my friend they won't listen,or my friend have been disturbing Me.
Don't pester or bother anyone in such things plz.

j baby said...

Don't mind them how will MMM run with your money when it's with you. MMM makes there own cash the way blogs makes theirs so what will they do with ours, they re doing it to help.


Fed govt has been owing me, bubu never shake body, so make I know survive abi.

Investment said...

SEC are working. Meanwhile follow me on H21 Helping Hand.

SWAG LAFRESH said...

I laugh. Every means to make illegal money una go just embrace am.

Thank God i don't have greedy friends and people around me that will even tell me about it. I heard it here.

30% interest bawo? I reject greed in my life in Jesus name Amen!!!

Momah Ebuka said...

This MMM is real, I'm one that is so sceptical, I do thorough investigations before I make any move, the only thing I've not been able to understand is the interest, how it come about, but then there is mathematical Model that I just discovered that if all the rules are adhered to, will perpetuate these venture to entirety, and with the way it's structured, its following the limitless maths model.
To be convinced, a friend registered me free, with his own money, 5k, and after a month plus, I was able to withdraw 7k, this is real. I have heard stories of success but before registering, please read the Terms and Conditions very well, you can loose all your fund in it, if u breech any of their terms and conditions.
Up there I read a post about investing 50k and reaping 70k after 30 days, Pls it's wrong, u will only get 65k after 30 days but when u let your money stay more than 30 days, then u can earn more than the 15k interest as the interest is been calculated as a 1% daily of the amount rendered as help, which will be matured for withdrawal after 30 days, so if u want a higher interest, let it rest for 60days and at the end of it u stand to reap a profit of 30k on principle of 50k.
To illustrate how it works and how people patronage it, u can pledge a help, and be on the system for up to 2 weeks before u are assigned a member to help. What it shows is that lots of people are in it, and people rendering help are more than those demanding help, one of the rule that the model still maintains it integrity. I'm a proud member.

Anonymous said...

MMM has over 10 safety nets which will never make it crash. And you Never notice But I will mention 10 out of them.

*1, Pause mode*

*2, 14 days defrost*

*3, Extension of the getting help hours*

*4, Seeking help from neighboring country*

*5, No central account attached*

*7,  Peer to peer  system*

*8,  Guider's efforts*

*9   PH match hours extension*

*10, Website upgrades and security*


*1, Pause mode*

This process is applied when the numbers of the people getting help is greater than the people help. The system will pause the GH transactions and allow more PH to come into the system for the duration of 2 and half months, then the system will now restart.

PH means provide help and the GH means get help


*2, 14 days defrost*

The participants will not be able to withdraw their money until after 14 days when the payments have been confirmed. During this process, more PH would have come into the system therefore there would be pool of cash to pay the old participants.


*3, Extension of GH hours*

this occur when there is a public holidays when the banks are not working therefore,  there won't be transaction and it may cause the problem to the system. The system will now extend the hours of the people who are getting help at that period to allow more People providing help into the system.


*4, Help seeking from neighboring country*

When there are more GH than PH in a country, MMM will look into the other countries which are doing well and match them together, pending the time that the affected country will be OK.


*6, No central account attached*

MMM  does not have a certain account that we are sending to. MMM doesn't collect your money.


*7, Peer to peer system*

Participants pay directly to the bank account of the other participants seeking help


*8, Guider's efforts*

Guiders are the heartbeat of MMM, guiders make sure each and everyone in MMM understand the Ideology of MMM and how it works


*9, PH  match hours extension*

When the system finds out that there are more GH than PH,  the system will extend the hour of old PH so that to hold down their order matches duration and during this period, the system will allow more new PH to come into the system to get it balanced.


*10, Website upgrades and security*

MMM spends million of dollars in taking care of their website to cub online fraud in MMM, such as scam and other Threats.

Chummy cho cho said...

And I was coming from their website. I've heard so much about them that I decided to check them out.

This must be God talking to me. Thank you Lord. Before ife mmadu aworu nke onye ozo

The Sexiest Mother Of This Blog said...

Sorry its nt invest. Its when **you provide help** am used to the term invest but in real terms it's when u provide help.

Jbaby let's rock it jare. Let them keep doubting
Lmaooo oo..

Anonymous said...

God bless sexiest mother. Mmm is real my brother has been making money from it since April,in fact I joined last month and couldn't believe my eyes wen I saw my balance. Don't allow anybody to deceive u,dis is real but don't invest ur life savings into it

Anonymous said...

God bless sexiest mother. Mmm is real my brother has been making money from it since April,in fact I joined last month and couldn't believe my eyes wen I saw my balance. Don't allow anybody to deceive u,dis is real but don't invest ur life savings into it

CHEENYEACAH said...

😁😁😁😁Pay them na.

Anonymous said...

Those in PH and old enough should no about umana and what happened in the end. This is just like the local ajo that people do. Or you rob peter to pay Paul best describes dis scheme.

QUEEN AMY Loves ACCESS BANK said...

Lol

Marilyn Monroe said...

Thank you my sisthren/ brethren !

Savanah bank folded up with my family's millions, what has SEC hot to say about it?

cyril said...

hahahaha vavavoom
πŸ˜‚πŸ˜‚πŸ˜‚πŸ‘

Chijay said...

I am a participant but you cannot be given 50usd for 5k investment. It is 20usd.you are qualified for 50usd bonus if you pledge over 490usd.

MMM pays and is still paying. It paid me and people I know very well including family members.

ROLEX CHICK said...

Hahahaha, no wonder you guys keep thinking one can't make money apart from writing in good English and making proverbs on long long meanings epistle.
I started mmm since January this year and I have made jaw dropping profits that even if I don't work today I would earn money, you can double pledge money. I triple pledge 200k each in a month that's 600 and I open another account in my last sisters name and double pledge 200k and I am also operating it with another 400k Cox my other two sisters are operating theirs themselves so I am collecting profits of nothing less than 332k a month.
Be living in a river and allow soap to enter your enter your eyes

ROLEX CHICK said...

Don't mind them

ROLEX CHICK said...

Which gold package is that madam liar your money can't go anywhere Cox once someone is prompted to pay you and that person disappoints they delete the person off the system and ask another person to pay you never ever heard anyone that wasn't paid I have been in it since early Feb or so.

ROLEX CHICK said...

How can you segun that is living in a slum be the owner of mmm..... Bawoooo

ROLEX CHICK said...

No risk no gain ain't no one forcing you.

ROLEX CHICK said...

Ask me oh

ROLEX CHICK said...

Lol exactly

ROLEX CHICK said...

Before they do I would have made millions out of it I would soon increase my pledge.

ROLEX CHICK said...

Me and everyone in my office are doing mmm we would cont til it crashes.

ROLEX CHICK said...

I started with just 200k to give it a trial I was paid 284k and then I doubled and have been profiting since February... No time oh I have even opened a bank account I use to save all the profits no time my sister

ROLEX CHICK said...

Exactly

ROLEX CHICK said...

That one na long process.

Chijay said...

MMM is not a scam. It has been paying me and has paid a lot others I know. How can MMM scam you when you Have your money with you and not expected to part with it till you are matched and what's more, you are paying directly to a peer not the company. You can even decided to cash out a week after or less hence your pledge has been on the system for over 2weeks. All you need do is pledge to give a certain amount to someone when needed, your money's stays with you of course, till you are matched with someone to provide help to the person. You get 30% increase on the paid amount. Besides that, you are given 20usd registration bonus and registration is free.

And for those wondering how MMM makes the extra to pay the bonus and percentage, let's not forget that millions of people are logged on there and this generates money to the platform providers.

MMM Works!!! I haven't even bothered to talk to anybody about it apart from family members cos it is draining convincing some people and it is not like their profit is yours.

No doubt, there are risks but everything in life is risky, the worst risk in life is not taking a risk. Don't leave your money laying around when it generate profit for you. (remember the parable about the servant who buried his wealth cos he didn't wanna risk it, he incurred the masters wrath). What am I even saying, abeg it is risky but it is well worth it.

Anyone who wants to know more about it or have any question, I don't mind, I will answer. Mail me promiseclem at yahoo dot com.

Anonymous said...

And I a seriously contemplating joining mmm.

Ms. Nicey said...

The thing works but when it backfires ehnn people go get heart attack. While in university, people invested in this even with their school fees, but after luring so many people, they claimed that the thing has crashed abi what was the term used then.. a lot of people of course lost their money. Na once the thing take dey backfire and by then plenty people would have "invested" their funds.

Unyime Samson said...

..when something is too good to be true run.....mmm is one big ponzi scheme that will soon come crashing down...

Anonymous said...

Chop kiss my love...
If not for MMM in my life, hunger for Don wire us finish for my house..
This one that this my useless state governor has been owing for 6months.
MMMPAYS

eco analyst said...

Shameless SEC*
Where una dey wen economy crash?
Where una dey wen nija enta recession?
MMM real die*
I don dey chop MMM since dec last year.
I don buy new car and for d first time in my life,
Trading with milla*

Anonymous said...

As a graduate,,I earn 14k has a salary because half bread is better than puff puff but MMM Gave me my first 100k..
Make SEC gerrarahere.. ..
Who them epp?
Is it their risk?
Sebi it's my risk?
I love risk...
Tanku

Unyime Samson said...

MMM is a ponzi scheme which will eventually crash! Be wise....don't be caught in the crashing debri. ...

Unyime Samson said...

No confusion here...mmm is a ponzi scheme structured to crash! SEC has only done thier due diligence by warning the public. ..those that will risk it will risk it. You have fair warning

Unyime Samson said...

You all should slow down. Be careful about what you are encouraging people to sink thier hard earned funds into. When mmm crashes , as all ponzi schemes do, those you encouraged to invest will see you as a dubious person cos they've lost money....whether it's termed providing help or termed investing, it's all the same , one big ponzi scheme!

Unyime Samson said...

"MMM are doing it to help?: " exactly what are they? Mother day mother Theresa? Shine your eyes o...

Anonymous said...

Tell them..
Only your SPARE money.. .
Wisdom is profitable to direct

Anonymous said...

Hmm, still skeptical about mmm becos my friend has been pressurising me to join but my mind neva accept mabe i will join soon.

Porsh beibe said...

Story!The money my friend started with, I borrowed her and today she is worth 500k. Long Live MMM

Helena Chukwurah said...

In my Humble Opinion, MMM is not a scam.. It's as real as anything you can think of, at least for the now.. So ama keep investing until the very end... I've gotten a lot from them, so yea! It is REAL and SECURED... Am a risk taker kinda individual, y'all complaining pls go on while I make me some paperπŸ‘πŸ‘Œ

Qurenth said...

AjΓ² is different. AjiΓ² is thrift. A group of people come together, contribute a specific sum per head and take turns taking the lump sum till it goes round. It's not borrowing rather it is a form of saving!

Gbogbo bigz girlz said...

Nospetco wouldn't have crashed if the almighty CBN hadn't frozen their account.

Gbogbo bigz girlz said...

Chop 😘.
Where is all my money I invested in buying shares?
What did SEC do to protect my interest when all the shares were crashing?

Let them leave us alone. After all life in itself is a risk.

Grace David said...

I like your spirit Rolex Chick. I joined mmm few days ago. It cannot crash in my own time of.

Anonymous said...

What about h2i, that's their modus of operation too, no product selling all u do is refer people who would make a donation, that's all u keep doing, it's doesn't look like it's a sustainable investment, it's also a silent ponzi scheme. Helping hands international or h2i 4 short

Anonymous said...

MMM is not a scam. Some of you think it is because you know nothing about mmm. MMM does not have a bank account, so how can they scam you? All monies are transferred between participants not even a kobo goes to mmm. You say it's a scam because you do not know anything about it. Do your research and you will see its not a scam. Nobody's one kobo is with mmm. My question remains, how can someone without a bank account who you will never give a kobo to scam you? Please answer.

Collin Emeka said...

Its a pity seeing graduates saying MMM is not a scam when it really is. Yes it pays, but one day it will crash. The site owners too apply for help and you pay them, that's how they get money.

One day they will decide to receive all the help from people giving it, that is one way it can crash, another way is if CBN closes the bank account of participants which they can, just like South Africa did. The third way is if the FBI, the global .com vigilante decides to seize MMM's domain name.

Be careful with your money folks, and always your SPARE money, I'm on MMM too but i'm participating in a smart way with less risk.

sisi eko said...

Shuuoo na wa o. Sounds interesting. Never heard of this scheme o. Pls somebody should explain it to me. Let me spread the word. Who knows. Eheheh

I'm serious o. Somebody should explain how to join and the procedure. Thank u. Lol.

sisi eko said...

Oya explain how to start it na. Hurry. Lol.

sisi eko said...

Oya me I wanna know. Sounds cool oh.

Robinson Okorie said...

MMM is risky, I know….. I choose to take the risk
MMM is Ponzi, I know…... I still choose to be part of it
MMM is a scam, I know….. It is the BEST PAYING scam ever
Mavrodi is a 'criminal', I know…. He has the BRAIN
-But do you know that all investments are risky?
-Do you know that the global financial system is the biggest Ponzi scheme of all times?
-Do you know that going to school, working your entire life and hoping on an unpaid pension is a devilish scam?
-Do you know that the US Federal Reserve, our 'master' use every other person as a 'slave' with dollars as 'shackles', are the worst criminals that we still applaud?
If you still see MMM as a scam, please leave me with my scam, I love to be scammed…πŸ˜†πŸ˜›
If you still see MMM as a Ponzi scheme, please leave me with it, I crave for it anyways.πŸ˜‹
If you think MMM is not secured, yes I choose not to be, because everyone under security lives in the fools' paradise of freedom.πŸ˜πŸ˜‚
==================================
From A Banker Friend Who Is Also A Participant
==================================
Money in circulation as at 31st August, 2016 is about N2trillion, and all these pass through the banks. Pool of funds MMM is controlling shouldn't be more than N100million for now, which is peanut compared to the money in circulation. Again, all monies in circulation pass through the banks. MMM is not taking money away from us.
The money we pledge to provide is still in our accounts. Consequently, the banks have nothing to lose because of MMM as the Founder of MMM does not take money from us. Please I repeat there is no need to panic. We are only helping one another at our own expense and risk, which MMM clearly spelt out.

olivia oliver said...

Is there any business venture in this world that isnt RISKBEARING? In all businesses, there is room for profit and loss and if im making profit now, why bother for a future uncertainty? Abeg, which SCAM pass insurance for dis life/ omo onile scam? The list is just endless but SEC no see any big deal for the matter cos all of them are registered and paying dem cash. WHO SEC SERVE/HELP? Long live MMM JOOR! As i dey house dey get alert, i still better pass peeps jumping upandan dat dey r working class!!

Anonymous said...

I don't think anybody force any one to join, but all I know is that if you are not interested then stay away but if you are interested take a study of the ideology. No central account. You donate ur spare money to help someone by paying directly to his bank account and another person help you back in 30days with interest. Its real. It works.

Dayo Alabi said...

We know that is a RISK but we preffer it fulk SEC

Anonymous said...

its a reliable online money making machine)

Anonymous said...

MMM is good , Nigeria MMM is the strongest in the world and it is so strong that as long as we keep joining we can keep it going for as long as we want

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