Tag: MMM

MMM Ponzi Scheme in a comeback bid floats a promo-task contest

inno.korie- August 3, 2017

The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago, has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting ... Read More

MMM Nigeria Treats FCT Residents To A Green Party On Democracy Day

Suleiman Idris- May 30, 2017

      Mr Seyi Bello, the President of Abuja Guiders Forum of the MMM-Nigeria said the gesture was part of solidarity by the group ... Read More

NDIC: 3m Nigerians Lose N18bn To MMM

Suleiman Idris- March 3, 2017

      NDIC   Protocols officials, captains of industry, members of the academia, civil societies, gentlemen of the press and all other stakeholders who ... Read More

#Breaking: MMM Boss, Wife flee to Abroad

Suleiman Idris- January 25, 2017

(NAN)Unconfirmed report says the MMM Number one Guider has absconded and relocated to Philippines. He fled the country when many investors were awaiting anxiously to ... Read More

#Twinkas, another #Ponzi Scheme Emerges

Suleiman Idris- January 23, 2017

(NAN) Twinkas, another Ponzi scheme similar to the troubled MMM, has started trending with memberships in different categories. According to the scheme, www.twinkas.com, Twinkas said ... Read More

The Controversial MMM is Seeking a Comeback Through Bitcoin

Arowobusoye Samuel- January 15, 2017

A month after it suspended operations in Nigeria, Mavrodi Mondial Moneybox (MMM), a Russian Ponzi scheme with More than 2 million participants in Africa’s most ... Read More

Pastor Ashimolowo loses $5m to Scammer

Suleiman Idris- December 29, 2016

Pastor Ashimolowo: church stung by Ponzi scheme(NAN) Kingsway International Christian Centre, a 12,000-member megachurch in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million ... Read More

NNN Nigeria: The Rise of Ponzi Empires

Arowobusoye Samuel- December 18, 2016

Last Tuesday, MMM Nigeria suspended payments for reasons bordering on 'serving' participants better - barely a week after is NNN Nigeria. NNN Nigeria is promising ... Read More

MMM Battles To Console Nigerians

Suleiman Idris- December 14, 2016

(NAN) The operators of Mavrodi Mondial Moneybox, MMM, a ponzi scheme, are battling to console millions of panic-gripped Nigerians. Some three million Nigerians are believed ... Read More

Why MMM Suspended All Payments For 1 Month

Arowobusoye Samuel- December 14, 2016

Now that MMM suspended all payments, will the scheme crash in Nigeria - No, it won't: so don't panic - panic won't help anyone. While ... Read More

MMM Russian Founder Sergey Mavrodi Writes Federal Government of Nigeria

Arowobusoye Samuel- December 12, 2016

Ifeanyi Nwoko, NAN: MMM Founder, Sergey Mavrodi has allegedly written an open letter to the Federal Government of Nigeria explaining the benefits of the scheme. ... Read More

MMM Nigeria: Mbanefo MMM Owner Unmasked

Suleiman Idris- December 8, 2016

  (NAN) A Nigerian, who styles himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria. According ... Read More

A New Revelation Emerges On MMM Nigeria “Investment”

Arowobusoye Samuel- December 3, 2016

MMM has a monthly return on investment of 30%. An investment that offers 30% returns on investment monthly(360% annually) is too good to be true, ... Read More

Is MMM a Type of Personal Banking, Ponzi Scheme or A Lurking Disaster

Arowobusoye Samuel- November 17, 2016

Any investment that offers 30% returns on investment monthly(360% annually) is too good to be true, especially when the best returns from the banks is ... Read More