Thursday, December 15, 2016

MMM Ponzi scheme still popular in Nigeria despite crash

"Even with this minor setback, I still strongly have confidence in MMM. The government and the press will amplify this but we all know that MMM is not going anywhere," Okoro said. Joe Sanya revealed that he had already invested NGN1 million in the scheme.


WHAT IS MMM? MMM gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE. All transferred funds to another participant are your help given by your own good will to another one, absolutely gratis. According to their website, “MMM is not a bank, MMM does not collect your money, MMM is not an online business, HYIP, investment or MLM program. MMM is a community where people help each other”. However, it warns that; “Please note that the use of the words 30% a month cannot be considered as a yield or interest rate since the funds were given away, we are not earning anything anywhere (we are a mutual-aid fund), and nobody promises or guarantees to pay it!” 

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