MMM denies crash report, says scheme still alive

The operators of Mavrodi Mondial Moneybox (MMM) in Nigeria have denied reports that the reports that the alleged Ponzi scheme has crashed.

Rather, operators say the ‘freezing of confirmed Mavros’ was aimed at ensuring the sustainability of the scheme in Nigeria beyond 2016. They said in a message sent to all subscribers that the measure was put in place because “in the New Year season the System is experiencing heavy workload.”

During the period – December 12 to January 12 – none of the participants would be able to ‘get help’ (withdraw funds deposited with the mandatory 30% interest).

“The one month Freezing of Confirmed Mavros is a step to ensure the sustainability and stability of the MMM Nigeria system,” MMM said on its dedicated Twitter account. “There is no better time to PH than now when you can earn 50% more of your amount of PH. There is nothing to worry about.”

“While your Mavro is in one month Freezing it continues to grow so there is nothing to be worried about. Just continue to PH to earn 50% more.”

MMM has come under intense government scrutiny, with the House of Representatives, Central Bank of Nigeria and Security and exchange Commission, at different times, warning Nigerians, against investing in the scheme, saying doing so is risky.

According to information on MMM Nigeria website, about over 2 million Nigerians are currently participating in the scheme.

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5 Comments
  • walker3333

    bad enough if investor did not bother to read small prints rather than fixating on earnins and profit written in bigger letters

  • Tunde philips

    MMM has not crashed. For those who want to pH go ahead.. After all we have people that are been owed salary for months in the country

    • Benny

      Your mumu.is legendary. Keep on with the consolation!

      • ODUNUGA OLUSEYI EMMANUEL

        You are the greatest mumu ever after Lucifer. Na for ur eyes ur frd go dey make am u go just dey look like lukeman. Bad belle people. Waiting for the down fall of others just because they could not participate. Shame on u.

  • infinity2020

    Unfortunately the 1 million Nigerians participants will not be able to take Mavrodi to coutr because he has warned them of the risks involved before they sign in Our get rich quick mentality !!!!!!!!!!

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