MMM ponzi scheme returns to Nigeria

By AdvocateNews on 23/06/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 879


Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the financial hopes of over three million Nigerians in 2017, is back.

The new version known as MMM Cooperation promises as much as 50 percent return on any amount invested in it — 20 percent more than what the extinct version offered.

Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investment and interest back after 30 days.

Some Nigerians are falling for it yet again!

The scheme had announced a shut down in April 2018 following the death of Sergei Mavrodi, its founder.

“After much deliberation, we have made the conclusion that continuing the system operation, without our leader and ideological inspirer, is impossible and makes no sense,” a message on MMM Nigeria website had read.

In a surprising turn of events, however, the scheme announced it had re-launched globally since January “to make Mavrodi’s legacy worthwhile.”

“Like sunrise in the morning , MMM Cooperation set the pace on the 22nd of January 2019 all over the world.

“From negligence by many to fear of unknown by prospective participants at the beginning; we are were we are today being most populous platform all over the world with six million participants all in space of four months,” a message on its website read.

One of the coordinators who gave his name as Guider Tee on twitter, said the new MMM is in over 170 countries.

Posted 23/06/2019 07:26:10 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Election Postponement: Remain Peaceful In Face of Provocation...

Plateau: Six killed, 15 buildings, church burnt down...

TRAGEDY: 22 students perish as school bus runs...

Obasanjo asks Buhari not to run in 2019...

Presidency ordered EFCC to detain Fayose indefinitely –...

Herdsmen behead Adamawa PDP chairman, flee with head...

Nwobodo, Nnamani, Chukwuma applaud peaceful polls in Enugu...

Inflation rate drops to 11.31% in February –...

Amaechi denounces IPOB’s assault claims

Enugu Federal Psychiatric hospital staff embark on indefinite...

Anambra monarchs protest against EFCC over harassment of...

We have ‘facts’ to prove APC rigged Ekiti...

 

Latest News LOPSIDEDNESS IN FEDERAL AGENCIES: The Ugwuanyi Challenge Nigeria confirm's 437 new COVID-19 cases, three more deaths CBN to unify exchange rates, pegs naira at 379/$ ‘Yahoo’ boys have become role models in Nigeria, Diezani Alison-Madueke laments Gunmen kidnap Delta LG Chair, Okorodudu after attending PDP Congress Enugu PDP Congress: Nnamani reelected Party Chairman, INEC, Ekweremadu, commend peaceful exercise Buhari approves Judicial Panel of enquiry over allegations against Magu Community loots N60m stolen by robbers from Oyo bank Gunmen kill Obiano Security Aide Edo Political Crisis: Tinubu blames Obaseki Wike condemns crisis in Edo, vows to resist rigging of poll Don't sack service chiefs, give them more funds, Umahi tells Buhari

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (38,371 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (26,471 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (19,585 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (17,761 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (17,504 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (17,108 views) ASUU strike: Senate intervention ends in deadlock (16,638 views) All you need to know about Peter Obi, PDP VP Candidate (16,322 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (15,457 views) Sickle cell support group seeks government intervention (14,442 views) Ebonyi bans embalming of corpses in homes (14,298 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (13,804 views)

 

SECTIONS EDITORIAL (11) NEWS (3,203) POLITICS (452) SOCIETY (120) SPORTS (30) BUSINESS (315) HEALTH (42) EDUCATION (32) ENTERTAINMENT (18) INTERNATIONAL (71) TECHNOLOGY (1) COLUMNISTS (2) LETTERS (1) OPINION (23)

 

 

Julius Agwu - Crazy Interview Demands