The Bank of Ghana, the country’s central bank has issued a fraud alert on MMM Ghana. MMM Ghana is owned by MMM Global affiliate. This is the same group of people who ran MMM Nigeria, Ponzi scheme that wrecked many Nigerian investors before it collapsed in December 2016. Bank of […]
The desperation of MMM Nigeria has taken another dimension as the scheme launches MAVRO-BTC, another Ponzi currency. Prior to this period, investment of MMM Nigeria investors were calculated in Mavro-Naira even when they provide help in Bitcoin. Owners of the scheme claimed that the move was necessitated by the sharp […]
For those looking for an alternative to the ‘frozen’ MMM Nigeria, Donation Hub, is the ‘hottest’ Ponzi Scheme that has surfaced on the Internet. While MMM Nigeria and its copycats promise a minimum of 30%, Donation Hub promises a minimum of 50% return on investment to its members. To keep […]
The confusion and anguish that greeted the freeze of MMM Nigeria has eclipsed the possible collapse of MMM United. MMM United has kept mum after it announced that it will be doing maintenance. Its members have written to PageOne.ng complaining that they cannot access the site. The last message to […]
Less than 24 hours after Sergey Mavrodi, owner of MMM Nigeria wrote blasting Nigerian authorities, the digital Ponzi Scheme might have collapsed. In a message to its members, MMM Nigeria said it is freezing all accounts for one month as a result of “heavy load” in the system. This might […]
The negative impact of the current recession has been accentuated further as MMM Nigeria, a Ponzi Scheme now claims to have over 2 million members. It would be recalled that PageOne reported in October that MMM claimed its members increased to 1.6 million. The rate of growth has surpassed its […]
Back in August, we revealed that one Earnest Chigozie Mbanefo owns MMM Nigeria. Last week, several other news outlets quoted PageOne.ng’s article on the matter. Apparently embarrassed by the negative publicity and possible implications with Nigeria’s law enforcement agencies, Ernest Mbanefo has since denied that he is the owner of […]
It is apparent that MMM Nigeria, the popular digital Ponzi Scheme is not okay with its 1.6 million members. The scheme has come up with another promotion to skyrocket its membership beyond what anyone can imagine. To get this done, MMM Nigeria wants to give out 1000-Mavro Naira to every […]
MMM Global, the digital Ponzi Scheme with over 1.6 million members in Nigeria must have floated MMM West Africa. While MMM Nigeria has not commented on the new ‘venture’, the appearance of MMM West Africa’s website clearly shows it is another replica of MMM Nigeria and other countries. However, as […]
MMM United is definitely not telling the whole truth about is health. The Ponzi Scheme has just announced another promotions. This is coming less than a month after MMM United carried out a promotion promising 10% Extra Loyalty Bonus which ended on November 5 2016, the digital Ponzi Scheme mimicking MMM […]