NewStats: 3,263,536 , 8,180,458 topics. Date: Friday, 06 June 2025 at 11:46 AM af1f

How many M's dey Buhari Muhammad??

Just pray it resumes on January....... Or else

What else do people need when the founder has got no reputation. He who fails to learn from history is doomed to fail #fact# I believe wiki ain't biased about anybody.


Sergey Panteleevich Mavrodi (Russian: Серге́й Пантелеевич Мавроди; born August 11, 1955) is a Russian criminal and a former deputy of the State Duma. He is the founder of the МММ series of pyramid schemes. In 2007 Sergei Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).[1][2][3]

MMM activities Edit

In 1989 he founded MMM.[4][5][6]

He was then elected to the State Duma,[6] thereby obtaining parliamentary immunity. Mavrodi declared MMM bankrupt on December 22, 1997, then disappeared, and was on the run until his arrest in 2003.[7]

In 1998 Mavrodi created Stock Generation,[8][9] allegedly a classic pyramid scheme presented as a "virtual stock market game".[1] The website ran from 1998 to early 2000. The Massachusetts district court initially found that U.S. Securities and Exchange Commission was unable to cite Stock Generation's founders and owners for securities violations. However, the United States Court of Appeals reversed this decision in 2001, concluding that the SEC alleged sufficient facts to state a triable claim.[10] In 2003 the SEC obtained permanent injunctions against SG Ltd. and relief defendants SG Perfect and SG Trading, which profited from the disbursement of funds fraudulently gained by SG Ltd.[11][12]

On April 28, 2007, a Moscow court sentenced him to four and a half years in a penal colony. The court also fined him 10,000 rubles ($390).[7]

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!"[13] Mavrodi said that his goal with MMM-2011 is to destroy the current financial system, which he considers unfair, which would allow something new to take its place. MMM-2011 was able to function openly as Ponzi schemes and financial pyramids are not illegal under Russian law.[14] In May 2012 he froze the operation and announced that there would be no more payouts.[15]

In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid.[16] He has also launched MMM in China.[17] He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.[14] As of September 2015 it had spread rapidly in South Africa with a claimed 1% per day or 30% per month interest rate scheme[18] and warnings from both the South African and Russian Communist Parties for people not to participate in it.[19] In early 2016, he continued the same model in Zimbabwe (the s were frozen in September 2016), and later, in Nigeria (s frozen in December, 2016).[20] [21]

No offence taken
Am out!

fulaniHERDSman:
Nigerians are truely senselessly greedy, materialistic and vain!
Most Nigerians have very low IQ.
Most Nigerians are gullible & greedy thats why scam churches that preach materialism thrive.
Nobody wants to be patient and wait for God's time, this is why there are lots of miracle centers ripping off Lazy and little faith Nigerians.
This is also how and why we choose senseless and useless leaders during the polls. Cause we hardly ask questions nor resarch.
Hypocrisy is the middle name of the average Nigerian ... Why do you espect me to pity your condition now, when you never heed my warning before the freeze? Were any of you my child, i would have flogged you mercilessly for a bitter lesson.
I have no pity for anyone caught up in all this cause most of them are still gearing up to dig deeper into their MMM misery and won't it its a disastrous folly.
This also shows that most people who claim to have been charmed when scammed actually were driven on willy nilly by their 100carat greed, only to blame jazz after due to shame!

More loading .....
No hard feelings ... and no need quoting to sound nasty cause i'd ensure your ban.
Btw, i hate nitwits mentioning me, yes i said it, only nitwits won't see that MMM is undiluted evil scam.

first time i'm seeing a post from a fulani and the post is so on point...1000likes.

I don cash my own God win, pleas don't be deceived by d media they are P,D,P people receiving people, don't be deceived MMM is coming back by faith, January 2016.

Are you convinced now?

handsam:
Lol. Lets conduct a test of faith.

If you believe MMM will come back in January, Click "like."

If you believe MMM has crashed and all hope is lost, Click "Share".

lazy people waiting for free cash to fall on their laps, Rubbish! i blame ignorant, poverty and lack of employment. if any one is looking for people to scam go to nigeria there are a gullible 200 million of them waiting willingly and will be gratefull to be scammed.

udysweet:

Are you convinced now?

As in! The MMM believers plenty o!!


All is well.

Chai! There is God ooo, na people money them dey spend like this, Chai ! Chai ! Why i no do MMM ooo Onward to Kenya straight

maxwell60:
ALL OF YOU THAT ARE HAPPY THAT MMM FROOZE ALL PARTICIPANTS MAVRO, YOUR PROBLEM IS IGNORANCE AND JEALOUSY. NOT THAT YOU CARE FOR THOSE THAT ARE AFFECTED
1.YOU ARE JEALOUS BECAUSE, YOUR NEIGHBORS WHO ARE MMM PARTICIPANTS ARE NOW BETTER THAT YOU BECAUSE OF MMM.

2.YOU ARE IGNORANT BECAUSE, YOU KNOW NOTHING, ABOUT HOW MMM WORKS, AND YOU DON'T EVEN KNOW WHAT THE WORD "CRASH" MEANS. YOU ARE HAPPY THAT MMMHAVE "CRASHED" ACCORDING TO YOU GUYZ, AND YOU FORGOT THAT NIGERIA STARTED CRASHING FROM 2013.

ONE EGG TODAY, IS Now 50 NAIRA I WONDER WHAT WILL HAPPEN TO YOU GUYZ BY 2017 YOU GUYZ SHOULD BE CONCERNED ABOUT HOW BUHARI IS GOING TO Bring YOU GUYZ OUT OF POVERTY NEXT YEAR IF HE CAN, NOT WHAT HAPPENED TO OTHER PEOPLE'S MONEY, NIGERIA IS THE FASTEST DYING COUNTRY IN AFRICA RIGHT NOW IN FACT IT IS NIGERIA THAT HAVE CRASHED NOT MMM.

I BELIEVE THE PEOPLE THAT INVESTED ON MMM WERE AWARE OF THE RISKS THAT WAS INVOLVED. IT IS THIER BUSINESS NOT OURS. WHAT IF MMM RETURN BY JAN 2017 AS THEY SAID, WON'T YOU Be ASHAMED? PEOPLE STARTED ING MMM BECAUSE OF THE BAD ECONOMY WHICH THE GOVERNMENT IS DOING NOTHING ABOUT. MAY GOD SAVE NIGERIA.

One Guider identified, EFCC take note.

lagosrd:
So, the next time a friend comes to you and says “Dude, I am working on a part time business for additional income” and talks about such Multi Level Marketing schemes, explain these concepts to him on a piece of paper and advise him also to stay away from such schemes. Losing money is bad, losing friendship is worse and being part of a fraudulent system is the worst

You don't know what MMM is. There is a difference between multi level marketing and HYIP. MMM is HYIP and not MLM.

If you a reputable MLM company, you enjoy massive wealth.

fulaniHERDSman:
Nigerians are truely senselessly greedy, materialistic and vain!
Most Nigerians have very low IQ.
Most Nigerians are gullible & greedy thats why scam churches that preach materialism thrive.
Nobody wants to be patient and wait for God's time, this is why there are lots of miracle centers ripping off Lazy and little faith Nigerians.
This is also how and why we choose senseless and useless leaders during the polls. Cause we hardly ask questions nor resarch.
Hypocrisy is the middle name of the average Nigerian ... Why do you espect me to pity your condition now, when you never heed my warning before the freeze? Were any of you my child, i would have flogged you mercilessly for a bitter lesson.
I have no pity for anyone caught up in all this cause most of them are still gearing up to dig deeper into their MMM misery and won't it its a disastrous folly.
This also shows that most people who claim to have been charmed when scammed actually were driven on willy nilly by their 100carat greed, only to blame jazz after due to shame!

More loading .....
No hard feelings ... and no need quoting to sound nasty cause i'd ensure your ban.
Btw, i hate nitwits mentioning me, yes i said it, only nitwits won't see that MMM is undiluted evil scam.

infact, you speak my mind. Out of greed many will never be the same again, they'll not see any thing wrong with the very Ponzi scheme the government and CBN warn citizens not to engaged in. Rather they'll play the blame game that the media and government cause them the very pain that is on the way come January 2017.

1princechi:
I don cash my own God win, pleas don't be deceived by d media they are P,D,P people receiving people, don't be deceived MMM is coming back by faith, January 2016.

Keep dreaming

fulaniHERDSman:
Nigerians are truely senselessly greedy, materialistic and vain!
Most Nigerians have very low IQ.
Most Nigerians are gullible & greedy thats why scam churches that preach materialism thrive.
Nobody wants to be patient and wait for God's time, this is why there are lots of miracle centers ripping off Lazy and little faith Nigerians.
This is also how and why we choose senseless and useless leaders during the polls. Cause we hardly ask questions nor resarch.
Hypocrisy is the middle name of the average Nigerian ... Why do you espect me to pity your condition now, when you never heed my warning before the freeze? Were any of you my child, i would have flogged you mercilessly for a bitter lesson.
I have no pity for anyone caught up in all this cause most of them are still gearing up to dig deeper into their MMM misery and won't it its a disastrous folly.
This also shows that most people who claim to have been charmed when scammed actually were driven on willy nilly by their 100carat greed, only to blame jazz after due to shame!

More loading .....
No hard feelings ... and no need quoting to sound nasty cause i'd ensure your ban.
Btw, i hate nitwits mentioning me, yes i said it, only nitwits won't see that MMM is undiluted evil scam.

Spoken like a BOSS no truer words were ever said.

Seun, Lalasticlala
Everyone knows MMM is a scheme that has crashed, but do you want people to commit suicide? Let them be so they can enjoy Christmas festivities. You may be the death of someone if this continues to be pushed to the FP.

Atiku2019:
Lalassticlala make I hang my Agbada well read Comments.....



Sincerely the Media has killed any hope of MMM in January

No media killed it cos that has been their various excuses in countries that has been crashed. It just d promoters strategy. If its not a fraudulent scheme, let them pay back to does who haven't received their GH who has already PH before d closure cos they all have their with them tru registration in their . Same story in all the countries that the system crashed. Suspending it by even a day has more panic mode than govt warnings. Come to think of it, how will it be written bold on the site to part with your spare money you can do without. Its that not funny. Be wise joor?

I no blame una

Amadioha..

sekundosekundo:
chai

There is nothing to show that they are protesting because of MMM.... at least, a banner would have confirmed but nothing to show.

FortuneTeller:
Seun, Lalasticlala
Everyone knows MMM is a scheme that has crashed, but do you want people to commit suicide? Let them be so they can enjoy Christmas festivities. You may be the death of someone if this continues to be pushed to the FP.

Why are you takin medicine for another man headache.

Larablink:
See as him dey dance. I'm sure na part of my money them use buy the tyre of the car.

naa, its a charity sturvv dont forget... Abi is that not what they say mmm is all about...

basadenet:

There is nothing to show that they are protesting because of MMM.... at least, a banner would have confirmed but nothing to show.

No time for banner. Na money wey remain dem go use do banner?.

It's very easy for EFCC to make arrest. Just get the guiders. Does any participant notice that guiders have many s with incomplete phone numbers? MMM Nigeria is not controlled by the Russian but by Nigerians who are the guiders.

lagosrd:
So, the next time a friend comes to you and says “Dude, I am working on a part time business for additional income” and talks about such Multi Level Marketing schemes, explain these concepts to him on a piece of paper and advise him also to stay away from such schemes. Losing money is bad, losing friendship is worse and being part of a fraudulent system is the worst

Ignorance everywhere...who told you MMM is multilevel? it's pure ponzi...mlm companies have been in existence for years but ponzi dont last long

walexy100:
It's very easy for EFCC to make arrest. Just get the guiders. Does any participant notice that guiders have many s with incomplete phone numbers? MMM Nigeria is not controlled by the Russian but by Nigerians who are the guiders.

You will be shocked to know that Chuddy's knows someone in the Presidency..

Critical decisions like this would have been communicated to someone in the Presidency.

There is nothing that EFCC, IC or CBN can do.

I don't know why some Nigerians doesn't think.

He deserves more than that

MMM, changing lives.

Doing what government has been trying to do since 1960

When I finally catch Chuddy!