MMM ponzi scheme returns, promises 50% profit on investment

Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope
of over three million Nigerians in 2017, is back but not with a bang.
time dubbed MMM Cooperation, the scheme 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.
And 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.
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
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 6MILLION participants all in space of 4months,” a
message on its website read.
Twitter, one of the guiders, who act as coordinators in the scheme,
announced a WhatsApp group for interested persons to join and some have
indicated interest.

Whatsapp group tagged “Guider’s Group 7”, was created on Tuesday.
Already, it has 243 participants — with 142 of them joining less than 24
hours after this reporter joined on Friday to monitor proceedings.
time to time, people share their experience on the scheme, usually
ending up with phrases like “no risk, no gain”. More people are joining
and investing — and that is just one of the groups of the numerous
guiders operating with the scheme.

Leave a Reply

Your email address will not be published. Required fields are marked *