Recent revelation from the Nigerian SEC shows that all that glitters are not gold when it comes to MMM. If you are already a member of the group, i think you should read this forwarded as it is from the Punch
The Securities and Exchange Commission has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.
The Securities and Exchange Commission has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.
The fraudsters, according to SEC, carry out their illegitimate business via Nigeria.mmm.net portal/platform, and are promising investors a monthly investment return of 30 per cent.
SEC said the venture had no tangible business model, describing it as a Ponzi scheme, where returns would be paid from other people’s invested funds.
Investopedia.com describes a Ponzi scheme as a fraudulent investing scam promising high rates of return with little risk to investors. The scheme generates returns for older investors by acquiring new investors.
Check this article on CrushTheCPAexam for more information about the biggest Ponzi schemes in XX and XXI centuries.
SEC on its website, said, “The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.
“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”
SEC, therefore, advised the general public to distance themselves from the online scheme, adding, “Please note that anyone that subscribes to this illegal activity does so at their own risk.” via
A word is enough for the wise. If you are spending on MMM, do so with caution. Am. Not saying it's actually or totally scam you shouldn't put all your eggs in one basket. This is why i haven't written anything about MMM as i haven't tested and confirm it just as i did with Swisscoin
Have accumulated some cash within the few few weeks i invested in Swisscoin. You can join swisscoin but do so with caution as well. Am not condemning them as many people are already making it big with the schemes. So what's your say about this? Have you already registered with MMM? Have you made any profit from the scheme at all? Let's see your opinions via the comments box.
The Securities and Exchange Commission has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.
The Securities and Exchange Commission has raised the alarm over the activities of some online fraudsters, who are currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.
The fraudsters, according to SEC, carry out their illegitimate business via Nigeria.mmm.net portal/platform, and are promising investors a monthly investment return of 30 per cent.
SEC said the venture had no tangible business model, describing it as a Ponzi scheme, where returns would be paid from other people’s invested funds.
Investopedia.com describes a Ponzi scheme as a fraudulent investing scam promising high rates of return with little risk to investors. The scheme generates returns for older investors by acquiring new investors.
Check this article on CrushTheCPAexam for more information about the biggest Ponzi schemes in XX and XXI centuries.
SEC on its website, said, “The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.
“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”
SEC, therefore, advised the general public to distance themselves from the online scheme, adding, “Please note that anyone that subscribes to this illegal activity does so at their own risk.” via
A word is enough for the wise. If you are spending on MMM, do so with caution. Am. Not saying it's actually or totally scam you shouldn't put all your eggs in one basket. This is why i haven't written anything about MMM as i haven't tested and confirm it just as i did with Swisscoin
Have accumulated some cash within the few few weeks i invested in Swisscoin. You can join swisscoin but do so with caution as well. Am not condemning them as many people are already making it big with the schemes. So what's your say about this? Have you already registered with MMM? Have you made any profit from the scheme at all? Let's see your opinions via the comments box.
mmm is scam .. beware
ReplyDeleteU re too lazy to find out how mmm works n y governments re hating mmm....go do yur homeworks
DeleteIt is never a scam. MMM is more than real. There is no law against help giving throughout the world. MMM is a social community of ordinary people providing one another help on the basis of gratuitousness and reciprocity.
ReplyDeleteNice to get your opinion 👍
DeleteMMM NIGERIA is not even close to a ponzi scheme. Am a beneficiary to MMM and within this short period I was amazed by its mechanism. MMM is neither a bank nor an investment company. Just people helping each other succeed via donation. MMM is so real. For more info....
ReplyDeleteDo you want to be financially free? Join the Community of people helping people and get 30% monthly on your spare money.
http://nigeria-mmm.net/?i=chimmakate@yahoo.com
Okay Ijeomah. Good to get a positive review from a beneficiary
DeleteTo be factual with you MMM is nothing closer to flaud.. MMM is a Mutual aid Community MMM Gives you value for your money.. Mmm have given me a percentage growth in cash within my few months of participation in which the banks have never given me since my years of banking with them ei, don't want to go further into that, MMM is real and is paying Nigerians big... Pls do endeavour To go youtube and see testimonies from Nigerians.. MMM can never be a scan, am commenting from experience. Think about it, why is the rich getting richer and the poor getting poorer, why is it that its those who work harder that earn lesser, why? Why is the world's Wealth so unfairly shared, MMM is striving to make things better for everyone.
ReplyDeleteI so much believe on this initiative MMM
HELLO EVERYONE,PLS TRY N B SMARTER THAN D GOVERNMENT WHO WANTS U TO GET SCARED BCS THEY LL LOSE IF EVERYONE ENBRACES MMM......MMM IS IN 200 COUNTRIES...D OWNER WAS CONVICTED TWICE IN CHINA AND RUSSIA AS AN OPPRESSION PLAN BUT WAS RELEASED TWICE WITH APOLOGIES AND REFUNDS...SO CAN A THEIF OF THAT MAGNITUDE MOVE AROUND THE WORLD FREELY?
ReplyDeleteNOW,MMM HAS NO ACCESS TO YOUR MONEY SO TO YOUR MONEY AND CANT RUN AWAY WITH IT...THEY ONLY NETWORK US TO PAY EACH OTHER AND THEY MAKE THEIR OWN EARNINGS VIA PEOPLE CLICKING ON THE WEBSITE....SO DO PROPER INVESTIGATIONS ON BOTH SIDES B4 U ACCEPT MEDIA BLACKMAILING MMM AS SCAM...TNX
07066423992 FROM PTUNES...CHAT ME UP FOR GUIDES
MMM is real...I expected black mail on it from govt org...but they have no proof to call it fraudulent, banks n the govt are the fraudster not MMM
ReplyDeleteWHEN THEY CALL IT A SCAM, SHARE THIS WITH THEM
ReplyDelete👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
Is MMM really a scam?
Is it a scam to have a system that brings a community of people together that financially help one another, willfully, without being forced?
Is it a scam to have a system that creates a platform for individuals to combat poverty at its core?
We always say fighting poverty is a collective effort; Now instead of people stealing, cheating or robbing they join their hands in good heart to provide financially help to one another, is that scamming really?
Is it a scam to see families that couldn't afford to bring food on the table now able because of the financial help they have received from other nembers?
Is it a scam to see students who couldn't afford to have pocket money and monthly allowances in tertiary institutions now able to afford because of MMM?
Is it a scam to see entrepreneurs rising from the capital money raised through MMM and in return they contribute to the economic growth of this country and create employment to thousands?
I will tell you what a scam is?
🔹A real scam is to hinder people to their financial freedom yet encourage them to keep borrowing from your system so that they work for you and pay the rest of their lives if they live that long...
🔹A real scam is to have someone work 40 years of his/her life and after retirement that person must take the fruit of his/her years of hard labour and pay the debts and bonds that refused to end because of ever increasing interest rates.
🔹A scam is when your bank sends you an sms alert to inform you that you have earned #0. 50 on your money, and later charge you #4. 00 on the sms alert. Your bank also charges you exorbitantly every month on something you know nothing about ; and there's nothing you can do other than to keep quiet because you have no choice.
🔹A scam is when your mobile network provider charges you on the service you never make a request for (caller tunes, news updates, etc)
🔹Working for a government and being paid the same salary as when 1 Dollar was N165 till now is a scam.
🔹Working for government for years without promotion is a scam.
🔹Working for so long and just getting a sack letter or retiring broke and in debt is a scam.
🔹Serving your country for one year and crying to get a job is a scam.
🔹Not being paid salaries for 5 months or more is a SCAM.
🔹Not being able to transfer your job to your children is a SCAM.
🔹Spending 6 years in Primary school, 6 years in Secondary School, 4, 5, 6 years in Higher Institution, 1 year Internship (for some) 1year of NYSC and at the end you still roam about looking for non-existing job is the REAL Scam.
Meanwhile someone somewhere is enjoying financial freedom, making millions, driving brand new cars etc all in joining MMM without submitting CV, NYSC discharge Certificate etc....and people still say it's a scam?
Is it therefore a scam to have a system that produces people that can afford to buy a house they could have paid for 20 years in cash had such a system not been introduced?
Is MMM a scam? You can make your own judgment as to who a real scammer is.
Please share this message everywhere, the world needs to hear it.
*Together We change the world
Be a part of these change
Learn more about MMM
http://nigeria-mmm.net/?i=chrisedozie
This guy is making real sense... Nice 👊
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Mmm is very real oh......it has changed my life..... I have really benefited alot from it oh......pls stop watching from afar and following fake rumors.....come n taste the money join now before u start regretting later http://nigeria-mmm.net/?i=alerts
ReplyDeleteOh!, how time flies. So like play like play my thousands of naira don waka.
ReplyDeleteIssorite