There are indications that the popular ponzi scheme, Mavrodi Mondial Moneybox might crash this coming week.
The crash of the popular ponzi scheme, Mavrodi Mondial Moneybox,
MMM, may be nearer than expected as more intending help providers
(Provide Help) continue to renege on their promises to pay help seekers
(Get Help), reports Daily Sun.
Explaining further, the report stated that operators of the scheme
had announced that the scheme would attend to small investors first
while subscribers with bigger financial commitments would have to wait a
bit longer.
This was, however, not to be as the applications of those who
signified interest in getting help (GH) were cancelled while intending
help providers (PH) were put on hold. Promoters of the scheme had
attributed the delay to upgrade of the system.
However, when some help seekers (GH) were eventually matched with
intending help providers (PH) on Friday, findings by Sunday Sun showed
that a good number of intending help providers reneged on their promises
to pay.
Some mavrodians, who spoke to our correspondent, blamed the failure
of help providers to fulfill their promises on the growing
uncertainties surrounding the scheme.
A subscriber, who simply identified himself as Michael, said he
refused to pay the help seeker he was matched with because he no longer
believed in the scheme. “I was paired to PH but I declined because I
am not sure if I will ever get my money back. Some people I know to
have been paired have also declined to pay. The way things are
unfolding, the scheme cannot survive this week,” he said.
Narrating her inability to get help despite having been paired, a
subscriber who gave her name as Rolake, said: “I was paired to get help
but none of my PHs has responded.
When I called to remind them yesterday, two of them promised that
they would pay me but when I called them this morning neither of them
picked my calls,” she said.
But while many help providers continue to ditch the scheme, Sunday
Sun gathered that there are few others who are still willing to give
help.
Subscribers, who belong to this category, it was gathered, are
largely those who have their money trapped in the system and who have
also signified interest to give help.
One of them who claimed to have N200, 000 trapped in the scheme
said he was compelled to pay somebody yesterday because of fear of
losing his money.
“I paid somebody yesterday because I don’t want my account
blocked. I have N200, 000 in my account before it was suspended last
year and since I had also indicated intention to provide help.
If I didn’t provide the help, my account would be blocked and that simply means I would lose all my money,” the subscriber who gave his name as Ebuka said, adding that, “it is easy to back out only if you don’t have money in your account.”
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