The popular Ponzi scheme, Mavrodi Mundial Moneybox (MMM), has shut down it System and operations globally after the death of its founder, Sergey Mavrodi.
Mavrodi died on March 26, 2018, and his death put uncertainty in the face of MMM global participants when the System was put on pause mode to honour his exit.
In a statement posted on its global website on Friday, April 6, 2018, the Ponzi scheme platform said the continuation of the System operation without Sergey Mavrodi, the ideological inspirer is “impossible and makes no sense.” The statement pointed the attention of participants to the pre-registration warning which clearly states the risks attached to every participant on its system.
The statement reads further: “After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the "MMM's Ideology. Sergey Mavrodi's broad-mindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts."
In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure. We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering. Hoping for your understanding, Administration.
MMM gained ground across major African nations in 2016 largely due to economic meltdown witnessed by the two largest economies – Nigeria and South Africa. Over three million Nigerians lost huge investment in the MMM scheme after it shut down temporarily in December 2016.
A check on the site shows that the domain is no longer active.
I so much doubt the real death of this MMM founder. Not even a month after his demise, the workers are announcing the closure of the scheme and to make the matter worse, they are justifying their action by the agreement people signed before joining the scheme. I may be wrong though.
ReplyDeleteMy thought exactly.
DeleteLol. Imagine.
DeleteIf u put ur money in there and still hopeful, lemme see ya hand up 🙋🏽♀️!
ReplyDeleteHahahahaha!
Just Krix!
Lolz @ let me see ya hand up.
DeleteRip to all the monies trapped in MMM.
DeletePeople never learn.
ReplyDeleteThe amount of money lost in this scheme ehn!
ReplyDeleteBunch of crooks. I know a lot of people fell victim to this scam. But, I don’t blame them. I blame it on the state of our economy.
ReplyDeleteI blame the crooks that decided to take advantage of a people going through hardship and a very hard time.
I blame the crooks for taking advantage of a people, failed by their own government.
I blame the crooks for taking advantage of a people, trying to make things happen for them, to better their situation.
I blame the crooks for their wickedness and their inhumanity towards their fellow mankind.
Crooks of the century.
Shattap! Blame it on greed!
DeleteI blame the crooks who greedily sought for interest rates that banks couldn't give them.
DeleteWhat a pity for some people that did get there money, too bad, just take heart
ReplyDeleteOh God. People money are still there o.
ReplyDeleteThis Russian man, are you sure you are dead? See as people money just go in their korokoro eyes.
It is well
Are we still on this? .. 😂😂😂
ReplyDeleteHow market o all the MMM'ers
I saw this coming. Not surprised at all
ReplyDeleteIt is a pity.
ReplyDeleteSo return people’s initial deposit then.
ReplyDeleteIt doesn’t make sense. If you’re shutting down operations then return the invested sum. Otherwise, your fraud shows cos the money is certainly going somewhere... to somebody...
Meanwhile Una sure say that man die true true? Or he has absconded to one tax-free country with non-repatriation clause
Was it still in operation?
ReplyDeletePeople lost money in MMM o. I feel so sorry for them gaskiya.
ReplyDeleteScam MMM. I doubt if this man is really dead. Ndi oshi
ReplyDeleteI doubt he is dead..he has just gone to enjoy d profit
ReplyDeleteLMAO. These scammers won. It's very likely the MMM death is a ploy for him to go into permanent hiding.
ReplyDeleteLol. My sisters lost money sha. I didn't have the mind to invest.
ReplyDeleteThese people are just so heartless.
ReplyDeleteYou scammed people successfully,allow them to manage and overcome the trauma you inflicted on them instead good time instead of tormenting them now and again with useless stories that won't bring their money back.
MMM sink my 200k. thank God say e no pass so
ReplyDelete