MMM Nigeria annouce that the Ponzi Scheme
is not coming back and they give with reasons.
See the reason why the Ponzi scheme is not
coming back below;
1. There’s no central account. This implies that
the so called Mavros are simply electronic
money. Everyone waiting to get help had
provided help which they paid directly to other
people in the past. They themselves argue that
there’s no central account. If there’s indeed no
central account where is their matured mavro?
In the cloud?
2. I believe the system calculated that the get
help overwhelmed the provide help. This
overload may have happened a month ago and
the system had no option than to shut down.
3. Unless new entrants provide enormous help
in January, there’s no way the get help group
can recoup their money and that happening is
very unlikely. The only way out is for the
scheme to ask those whose monies are trapped
to provide help again. That’s akin to what
happened in South Africa and Zimbabwe and we
well know where they are now.
4. The outrageous bonuses drained the system
of money that would’ve been used to settle new
entrants. But the organizers knew all along that
it’s a scam so they built a long system of
bonuses and cashed out. If the system was
simply to help each other why the big bonuses?
5. It’s very likely that there’s a group who
don’t provide help but get help multiple times.
Who can check except the site admin who will
always include his cronies when matching for
payment comes up. Why will they do this?
Because they know it’s gonna crash.
6. When Mavrodians started showing off their
‘wealth’ I knew the end was near. All that show
off was to get new entrants but they
miscalculated the number of gullible people in
Nigeria. Once the limit of people who want to
reap where they didn’t sow was reached, the
scheme had to crash.
7. That letter to the government was the
clincher. If mmm doesn’t return in January all
the blame will go to the government and the
media. That has always been the scape goat in
every country that mmm failed.
I loathe everything gambling. Even breweries
that give millions of free drinks during promos
are simply getting rid of expired stock. Telecom
companies will give you 1000 percent return on
your recharge but will bill the hell out of you
during calls. Nothing in the world is cheap or
free.