MMM Global affiliates floats MMM Dubai Ponzi scheme

MMM Global affiliates floats MMM Dubai Ponzi scheme

After wrecking much damage in Nigeria, South Africa and Zimbabwe, MMM Dubai has been floated to target the United Arab Emirates market.

As usual, MMM Dubai has no product and or service it renders. See below a breakdown of its compensation plan as analysed by BehindMLM:

MMM Dubai affiliates invest bitcoin on the promise of a ROI.

How much of a ROI is paid out is determined by which “package” an MMM Dubai affiliate invests in:

Student Package – invest $10 to $500 and receive a 120% ROI in 7 days
Executive Package – invest $100 to $10,000 and receive a 120% ROI in 30 days
Workers Package – invest $50 to $5000 and receive a 150% ROI in 15 days
After withdrawing a ROI payment, in order to continue an MMM Dubai affiliate must reinvest the same or more than they initially invested.

Referral Commissions
MMM Dubai affiliates receive a 5% referral commission on funds invested by personally recruited affiliates.

Upon qualifying as a “Guidian”, MMM Dubai affiliates earn additional referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1).

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Referral commissions are paid out across unilevel team levels as follows:

3% on levels 1 to 20
2% on levels 21 to 50
1% on levels 51 to 100
0.5% on levels 101 to 200 and
0.25% from level 201 onward
Note that MMM Dubai do not provide Guidian affiliate qualification requirements on their website.

Marketing Bonus
MMM Dubai affiliates qualify for the Marketing Bonus by

investing at least $500
recruiting at least fifteen affiliates who together have active investments of at least $3000 and
record a 90 second promotional video for MMM Dubai
MMM Dubai affiliates who qualify for the Marketing Bonus are paid an additional 3% referral commission on unilevel team investment volume.

Joining MMM Dubai
MMM Dubai affiliate membership is tied to an investment in one of three packages:

Student Package – $10 to $500
Executive Package – $100 to $10,000
Workers Package – $50 to $5000
The primary difference between the packages is ROI amounts paid out and how soon.

The popular Ponzi scheme has been registered in the United Kingdom as MMM Dubai Limited. Circumstances surrounding its registration is also ‘fishy’ as the incorporated with the UK Companies House on October 24th, 2016 which was exactly four days after the domain was registered.

MMM Dubai in all its intent and purposes reeks of fraud. According to an investigative report by BehindMLM, four MMM Dubai Limited Directors live in the same address that belongs to a furniture company.

MMM Nigeria also started in a murky structure but later revealed that the operations was controlled as a franchise with its backers residing in Dubai. One Chuddy Anayo Ugorji and Ernest Chigozie were the major promoters of the scheme in Nigeria before it wen burst.

Nigerians lost more than NGN80 billion to MMM Nigeria after the scheme froze all withdrawals of its over 3 million investors who were later told to forgo their funds invested in 2016. Late last month, MMM Nigeria announced that it will be paying some percentage of invested funds back.

There are no guarantee they will get their funds back. The same fate would likely befall MMM Dubai investors. It is not clear at the moment if the United Arab Emirates will clamp down on the scheme. This might be difficult to do as well because in recent times, Ponzi scheme operators have not come up with exclusively online tools to market their scheme with little or no offline efforts.