All You Need to Know on What Is MMM Nigeria Net.
I recently stumbled across MMM Federal Republic of Nigeria (mmm-nigeria.net) and decided to do some research into What Is MMM Nigeria Net, is MMM Nigeria Net illegal or safe and honest? My article will give research background ID and historical data on owner. My article will give details on how it operates, how to make money with MMMNIGERIANET, the pitfalls and what does “MMM” actually mean. However, for now, I am 100% confident in telling you that it is an illegal online ponzi/pyramid scheme operation and comes with some honest risk.
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CEO:- Sergei Mavrodi.
Founded:- 2016 and set to expire 2019.
Fee’s:- Minimum of 2 BTC Donation.
SCAM:- YES! Not Recommended and Labeled as Highly Unstable Ponzi/Pyramid Platform.
#1 Recommendation:- Wealthy Affiliate.
What Is MMM Nigeria Net, How it Works, Owner Details, Fee’s and ROI.
OK, before even beginning to answer what is MMM Nigeria Net, I always do some research on them first. My article will give give you some historical info near bottom of this post, as I believe, to know such information can tell you terrible things do happen with such ponzi/pyramid schemes.
Glancing briefly at their own online ID I see that there is no Founder Name, email not displayed and address given for Utah, though and obviously, the website primarily caters to Nigerians. OK, that strikes me as strange, but no where near enough to warrant losing ones mind with concern. They are set to shut down, unless they update their expiration date on their site, in 2019, June 7th!
“SO WHAT IS IT PHILIP!!?” I hear you say 🙂 .
It is a ponzi scheme (named after Italian Charles Ponzi – Wikipedia does a nice article on this man). This means money comes only from new members you either recruit to the program or members assigned to you via some ‘system’ on such sites. The money from new members now pays older members.
There is NO product/service for this money. Now those recruits repeat this process until we run out of new sign ups, meaning, no new money and the whole thing collapses. Now, the masses will not get returns and the owner and Top Tier (early member sign ups) will do very well indeed. Due to the intrinsic flaws in their business structure they can collapse at any time.
It is also a pyramid scheme. All that means is most of the money floats from the bottom (new sign ups) to the top. The longer a site is around of this nature the more ‘selective’ and erratic payments per investments become. Early members are the lucky ones and should do very well. Many have earned good incomes from such schemes but the majority lose time and time again!
That is how MMM Nigeria Net works.
So, they have a very good and highly responsive Live Chat Support that would put most legal online companies to shame! For that I congratulate their professionalism. It is worth mentioning that the owner of MMM is a man called Sergei Mavrodi.
This man has a rich history with such schemes! A good deal of praise has been said by many for him for making them good money, however and especially of late, I have seen many participants complain of no payouts and looking elsewhere to other new ponzi schemes.
It is also worth mentioning Mavrodi tells his members NOT TO LISTEN TO ANYONE ONLINE REGARDING MMM! He calls stating facts and truth an “Ordered Fudge“. I would say, do your own research, and then make up your own mind.
To attempt upon others a closed mind set on anything is quite dangerous to that individual whom abide by such an ideology and is very occultist in nature to try to impose as such.
That is only my own opinion – you are welcome to disagree with me in the comment box below.
What are the donation levels? Well, I had a good look around their website and, either I am just ‘blind’, but was unable to locate a structured table of donations to expected profits. Now, there is a contradiction in terms that needs clearing up! A donation is cash gifting! Cash Gifting Schemes online, or real world, is actually illegal! Now MMM is illegal three times over!!!
OH, SCRATCH THAT – Just Found It – See image below.
Minimum donation is 2 BTC ( ₦8012163.60 – $22,256.51 (have I converted that right? – seems very high!). Take a look at month twelve cash out point and you can see some serious profits are waiting – one hopes anyways.
So, you can start off with ₦1000 ($2.78) – not bad at all. However, it gives you the option of ‘DONATING‘ up to 3.2 million Nairas!! Be careful guys, even in Live Chat Bob told me there is NO GUARANTEE OR PROMISES OF RETURNS and you should only use your spare cash. For that, I have to say, I respect their honesty and it is not often illegal websites would be so forthright.
They are giving you Fair Warning!
What are the returns? The returns are 50% per month, which is staggering, and will continuously create a debt situation. This ‘debt’ is what is now OWED to new members after they make their ‘donation’. However, since MMM Nigeria clearly states you are not guaranteed profit, then, they don’t owe you anything and your donation is given freely. Devils in the details…
They also offer 30% and 40% for varying donation levels. When you Provide Help (PH) the money (supposedly) is sent from one account to another. Member to Member (same as peer to peer) and MMM Admin have no handling of the cash flow. Makes me wonder how the Founder makes any profit if this be truth? Clearly, there is something more afoot. This a 92-Day Cycle for Profits where the pattern is repeated if you want to.
Is it possible to make money with MMM Nigeria? YES! It absolutely is! However, your strongest chances were at the beginning of their website!! The older the site becomes the harder it is for new recruits to make any money. I am not saying everyone is not getting paid, but I am saying, it just becomes increasingly harder to find new members to pay existing members – THIS IS THE INTRINSIC FLAW I SPOKE OFF EARLIER!
Have you been paid by MMM? Have you donated but not seen any returns? Please do tell, and let my readers and myself know, so Sergei Mavrodis website has a fair and honest perspective in the comment box below this article – thank you.
A Brief History of MMM and What Does MMM Stand For Anyways.
I started off by saying I ‘stumbled’ across MMM online. This is very true and I was shocked at what Wikipedia had to say about Sergei Mavrodi – he has been very busy!
‘MMM‘ is the first initial of the second name of himself and two other friends who started off MMM in RUSSIA! Their names, one of which was his brother, Vyacheslav Mavrodi, Olga Melnikovo and of course Sergei Mavrodi.
Sergei was born 1955,August 11th. Wiki describes him as a Russian Criminal and further elaborates on his illegal escapades online in the US! However, it is the Russian MMM, which was renamed “Russ-Invest” in 1995 to distance itself from the former name, that intrigues me the most.
In 07 a Russian Court sentence Mavrodi to four and a half years on a penal colony (not a prison – -but a locale like an island for forced labor) after they proved he defrauded 10,000 INVESTORS OF 110 MILLION RUBLES ($4.3 million dollars!) That was bold. Sergei claims to receive no payments. NOW! When this happened several Russian Victims of Mavrodis schemes threatened to set themselves on fire in protest. Sadly, and my point being this, there were also several suicides to follow in the wake of many losing everything they had….
.….Sergei Mavrodi was only fined $390 for his crimes along with a low sentence in the sun! (‘?’).
I could write all day about what this man has done to so many people in the world, alas, I do believe you must get my point by now = HE Doesn’t CARE ABOUT YOU OR MAKING YOU CASH NO MORE THAN HE CARED ABOUT HIS OWN COUNTRY MEN AND WOMEN! Good Luck if you ignore this post is all I can say to you.
Lastly, he claims that his schemes are only people interacting with each other and donating to each with out reason (LOL! – clearly there is a reason or he would not have stolen $4.3 mill from the local Russian Economy). Finally, Lastly, after the collapse of MMM (bankruptcy) he fled the law for six years and was finally caught in 2003. Before collapsing, his pyramid scheme ran from 1989 – the year the Berlin Wall Fell. Why did it last so long? Pyramid Schemes Are Not Illegal In Russia!! They really need to be for obvious reasons.
Below is my Scam Rating. After that you can leave a comment and tell me how wrong I am or how right, or your stories and opinions etc. My article will give respond to all comments and would appreciate your civility in this forum, as from experience, some people tend to lose their minds regarding such topics as the one I have just written about 🙂 .
SCAM RATING:- DARK AND DEVASTATING HISTORY WITH MMM! MAVRODI DENIES MAKING MONEY! FOUND GUILTY OF TAX EVASION! 4 AND A HALF YEARS IN A PENAL COLONY! THIS IS ONE OF THE WORST CASES OF A PONZI/PYRAMID SCHEME I HAVE EVER SEEN SPANNING DECADES THROUGH MULTIPLE SCAMS! NOT A NICE MAN -100/100 = DANGEROUS, STAY CLEAR!
HAVE YOUR SAY!
SO! I have either informed you or offended – which is it for you? This is the very clear divide online regarding Mavrodi’s opportunities. Many hail him, including himself, as someone that wants to destroy the current money structure as it stands. Noble, but, his words are dishonest and so his deeds disingenuous to say the least of things. Clearly, he has managed to ‘tap-in’ in a great many peoples minds in relation to that idea and garner millions and millions of members throughout the years. What is or has been your experience with the website I just researched? Would you recommend them to anyone? After much research I can see many are asking What Is MMM Nigeria Net and I can only hope I have been accurate and informative for all. Please keep in mind, I am not a member of their site, and sourced my data from their site, Wikipedia and other online resources. I wait in anticipation of all your comments and recommend you sign up to my website to stay informed and safe online. For now, thank you for reading my article see you next time 🙂 .
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