Tag: Ponzi scheme

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

Another Ponzi scheme Yuan Dong shuts down, Masterminds Arrested

Arowobusoye Samuel- February 26, 2017

Racheal Ishaya: (SEC) says it has sealed up the premises of Yuan Dong (YDEC) for unacceptable investment operations in the country. The Head, Corporate Communication ... Read More

UPDATE: MMM Internal Crisis Enters Another Gear

Arowobusoye Samuel- February 24, 2017

Ponzi scheme, Mavrodi Mondial Moneybox (MMM) is at again, announcing it will freeze some Mavros of its participants. It said it has also introduced new ... 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

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