As the popular ponzi scheme, MMM Nigeria is going down each day, here are some of the lies many have heard about he scheme.
1. There is No Central Account So Your Money Cannot Be Taken By Anyone
1. There is No Central Account So Your Money Cannot Be Taken By Anyone
The truth is that MMM is setup in such a way that the guys at the
top can channel and transfer huge funds probably going into hundreds of
millions of naira out of the system and leave the low-level members to
pay for it. This is primarily what has happened; you don't see top
Guiders complaining? Why? They have made their huge profits from gaming
gullible people at the bottom of the pyramid.
2. It is a Mutual Help Community
If this is so, I am sure Nigerians are very kind people, the fact
that millions cannot 'Get Help' tells you, you entered a Ponzi scheme
not a mutual help community.
3. Authorities in Different Countries are Against MMM Because it Threatens Commercial Banks
This is practically not true in Nigeria because you Mavrodians were
paying money into each other’s’ bank accounts; the more transactions
you do, the more money banks make. Nigerian regulators like the Central
Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC)
warned people against MMM and similar schemes because it is their duty
to do so. As you probably realize now, they cannot help you if you lose
money from the scheme, what they should have done, they did.
4. MMM is Not an Investment, It is Charity
Then why are you worried and your blood pressure rising? I do not
lose sleep over charity I give, if you are losing sleep over money you
put in MMM that is not coming back to you, then you were investing in
the hopes of a huge return, not giving charity.
5. Mavrodi Cares So Much About the World and Created MMM to Help the Poor
Really? An ex-convict from Russia where you can get away with a lot
of things that will land you in jail in other countries cares about
you? Sorry, Sergei Mavrodi is just a convict that has not changed his
ways.
6. You are Helping to Positively Change the World by Joining and Promoting MMM
You mean you are helping Mavrodi scam more people. The world
definitely needs positive change. However, it is not going to come from
Ponzi schemes like MMM.
7. Those that are Asking You Not to Join MMM are Jealous of Mavrodians
'A fool and his money are easily parted', nothing to be jealous about in this.
8. Mavros keep Growing and are Actually Worth Much
At least now you know that you can have 1 trillion Mavros but it
will not buy you anything at the market, maybe a dirty slap though.
9. Nobody is Controlling the System, It is self-sustaining
Now, you know better of course. From freezing accounts to changing
the rules in the middle of the game, you definitely have someone bossing
you around in this Ponzi scheme.
10. Those that Warn You Against MMM Do Not Want to Be Rich
You really need to be part of our organization's meetings to see
that there are probably very few Mavrodians that have more drive to make
money than me. The only difference is some of us seek legitimate money
and are not looking for get-rich-quick schemes.
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