MMM Nigeria is back, but will not pay everyone!

Mavro ICO

MMM Nigeria, the popular Ponzi Scheme has finally staged a comeback. But all those who are waiting to collect huge amount of money they put in will be disappointed.

It is not clear how MMM Nigeria will meet the deluge of members who will troop into the system to request for their funds. Those who also staked millions of Naira into the scheme will bear the brunt.

In order not to create a panic, MMM Nigeria deliberately refused to state how it will pay investors and what amount will be qualified for a withdrawal.

Last year, PageOne.ng predicted that MMM Nigeria will slash investments of its members by up to 80% as it did in Zimbabwe and South Africa.

What MMM Nigeria members should expect

An MMM Nigeria member told PageOne.ng that MMM will ensure it does not collapse by starting a promotion soon to bring new members into the scheme. It will then pay existing investors/members a fraction of their investment and promise to pay them over a period of time.

According to him, MMM Nigeria might not pay anyone who invested up to NGN100,000 above in the scheme. It might also put them on temporary moratorium and or make them wait on the ‘get help’ queue more than usual.

He also warned that those who invested over NGN1 million in the scheme might be asked to take serious cuts in their Mavros which would have grown more than necessary over the last one month.

According to him, MMM might justify the move because the funds grew so big based on MMM’s 30-50% interest system and they will be told that they are going to be paid back over a period of time. To him all these moves are what the scheme owners will be looking at putting in place to ensure it does not crash so soon.

Many members will also find it hard to write letter of happiness in order for them to get help. This according to the MMM member will be experienced by many members who have staked so much into the scheme.

SEC might come out with another warning

The Nigerian Securities and Exchange Commission is also expected to issue another set of warning to all MMM members and the general public.

Just yesterday, the SEC warned all Nigerians to stay away from Bitcoin investments being peddled in the media and on the Internet.

The decision of MMM to start receiving deposits (provide helps) in Bitcoin (a digital cryptocurrency) has drawn criticisms and apprehension from the general public. The SEC might also be issuing new sets of warning to the public on MMM and its Bitcoin investment offers.

It would be recalled that earlier this week, MMM Nigeria announced that its members will also have their Mavos (Ponzi currency points) denominated in Bitcoins. This is not just risky as the value of Bitcoins are not stable. The digital currency can sometime crash by close to 20-50% depending on the fragile demand and supply in various exchanges many of whom are also prone to cyber attacks.

It therefore means that MMM members will even lose money to the scheme along the line. While many MMM members are not really knowledgeable about Bitcoin, the scheme owners are expected to lure more members to choose Bitcoin in lieu of the Naira by offering them more than 50% interest per month.

In a circular to all its members, the owners of the scheme said:

Dear members,
The holidays are over, and we”re now open. Just as promised. (You might have already noticed that we always stick to our promises. Actually, we promised to be open on January 14, but we”re open now, January 13, as you can see, which is a day earlier. (Well, I hope, the members of the System will forgive us for that.

It”s related to the hysteria raised by the authorities and the mass media around MMM. By joining forces, they”ve managed to nearly give the members of the System a heart attack and have frightened them out of their wits. Poor souls don”t know what to expect. Will we open again or not?

This is why we”ve decided, considering the situation, to reach out to the members, reassure and cheer them up by opening a little earlier. After all, Together We Can Change The World!
Here we go.

1. As of this notice, MMM resumes its usual operation. You can now create your GH-requests.
2. However, it”s obvious that panic will reign in the first few days after the re-opening of the System. We’re likely to be deluged by GH-requests. Therefore, we”re going to make gradual paybacks by setting internal output limits. In other words, we will only pay a certain amount per day. Please, be prepared to wait for a couple of days. We are certain things will then calm down, and the System operation will return to normal.

We”re the ones setting the limits, so it”s completely under our control, and we are not expecting any emergencies in principle. Have no fear and go on about your business as usual.

As the System is socially oriented, we will make paybacks to the poor and the economically disadvantaged in the first place: it means to the members with small PH amounts. The richer can wait. Moreover, we”ve warned you repeatedly to only provide help with amounts that are not critical for you. Therefore, if these large amounts are not critical for them (the richer), they can wait a few days. No need to be tragic about it.

This is the way it”s going to be.

Hoping for your kind understanding, Sergey Mavrodi. We Change The World!

P. S. I”d like again to call on the authorities and the mass media: Please, leave us alone! Have mercy on people.

 

3 thoughts on “MMM Nigeria is back, but will not pay everyone!

  1. Mrs Sergel Mavrodi, u are wonderful, God will continue to bless u and your family. I love uuuuuuuuuuu, welcome back MMM

  2. Thunder will fire u MMM you guys are fill with educated illetrates you can never get people’s mind back again like before because you are not wise

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