MMM Nigeria ponzi scam is desperate to convince victims

MMM Nigeria ponzi scam

MMM Nigeria ponzi scam, has released new but ‘desperate’ measures targeted at getting its victims to come back to invest in the scam.

In a broadcast message sent out to its investors, MMM Nigeria said it has listened to its aggrieved investors who have complained ‘reproach us’ that the owners of the scheme are not listening to suggestions of its investors.

See below the statement:

You constantly reproach us stating we don’t listen to your opinions however we really do. :-)) We try to carry out the most reasonable and efficient suggestions immediately.

Particularly, in accordance with your suggestions, we will soon take the following measures:

  1. We will stop the growth of confirmed Mavros acquired before the 1st of January 2017.
  2. We will freeze the bonuses received before the 1st of January 2017 (so that limited withdrawal of Mavro-2016 will include only contributions, not bonuses).
  3. We will introduce a new rule according to which the withdrawal amount cannot exceed triple amount of the provided help (so, GH cannot exceed PH more than in 3 times). Many participants and guiders withdraw bonuses in such big amounts without PH that it threatens the stability of the whole System. (We don’t agree, however we will accept preferences of the majority. :-)) With this rule, you can’t withdraw only bonuses without providing help.

Therefore, keep on sending us your suggestions. We will take them into account (At least, we will try :-))

This message was described as a ruse by one of our Ponzi scheme analysts who said the move is a desperate ploy to get back aggrieved investors and its victims to come back and invest in MMM Nigeria ponzi scam.

He is of the opinion that many Ponzi scheme addicts most of who lost money t0 MMM have since moved on to many other schemes. At least over 20 new schemes are launched every week mimicking the model of Sergey Mavrodi. It will be difficult for old and committed investors to come back to the site

The scheme has been tactically silent when it will pay over NGN5 billion RoI liabilities it owes to over 3 million investors who lost various sums to the scam.

MMM Nigeria ponzi scam collapsed last year December after it froze all accounts preventing withdrawals. Chuddy Anayo Urgorji, number one promoter of the scheme and Ernest Mbanefo, a front line owner of a linked site have since gone quiet. While Chuddy was reported to have fled to the Philippines, Ernest has remained quiet, however, his version of the site ‘’ is still active.

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