MMM Cash another ponzi scheme has launched today. The scheme is another typical ‘provide help to get help’ programme.
After the infamous crash of the Ponzi scheme known as MMM, there have been several others attempting to reincarnate the programme,
According to information available to Pageone, the scheme just launched the site today and its already dangling the carrot with loads of promises, one of which is that investors gets 30% interest on amount invested in 15days in local currency.
While others who decide to pay use bitcoin get 60% of interest on investment in same number of days as above.
MMM Cash itself as a resurgent MMM in order to win the trust of interested members. ‘We are the future, we have understood the mistakes of our mother platform which has led to repeated crashing and loss of participants confidence.’
‘We have improved on these flaws. We are here to restore the lost glory of our mother platforms.’
What glory are they talking about? The rubbing Peter to pay Paul system that has left many Nigerians hanging and so not know when they would get their millions back?
On its website, MMM Cash stated that it is ‘a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid. This is the first sprout of something new in the modern soulless and ruthless world of greed and hard cash.’
Perhaps you do not understand what is wrong with the Ponzi system. Here is the trick. Early comers feed on subsequent members donation. It is that simple. But it appears it is rocket science for Nigerians to understand that this cannot continue to happen.