Common Lies That MMM Promoters Tell You

MMM is an abbreviation for Marvordi Mundial Movement. It is a self acclaimed community of people helping themselves to financial freedom. It promises a 30% return on investment after a thirty-day period as well as added bonuses for new entrants as well as for referrals. The pyramid structured scheme was pioneered by ex Russian parliamentarian and convict, Sergey Marvordi in 2011 and was introduced to Nigeria in 2015.

Also read: How Some Guiders Intend To Crumble MMM

In a bid to lure unsuspecting potential members to the scheme, MMM promoters often dish out some lies that have now become very common nationally. Note that these are absolute lies and cannot be bent or twisted otherwise. It's my utmost duty therefore, to alert ignorant Nigerians as well as deter them from ignorantly falling into the subtle gimmicks and stratagems of unrelenting MMM promoters.

1. MMM is not a ponzi scheme 

What's a ponzi scheme to start with? A ponzi scheme—whose name was derived from Charles Ponzi, the business man who invented the scam— is one whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable.

With this definition, I don't think I really need to go into a full scale explanation of whether or not MMM is a ponzi scheme. How does MMM work? MMM is simply a cyclic system of Robbing Peter to pay Paul. What this simply means is that for Paul to be paid his 30% Return On investment plus initial capital, Peter has to be robbed in the same proportion; and the cycle goes on and on.

It is therefore deceitful and highly unthoughtful for anyone to claim that MMM is not a ponzi scheme as it clearly does no business of any sort. The system simply uses donations of new entrants to pay off existing members. MMM is a Ponzi scheme.

2. MMM functions like a cooperative society

Well. Well. Well. How true is this claim? MMM is said to be a community of people helping themselves financially which ordinarily qualifies it as a cooperative; but there's something else you must know. Cooperatives no doubt are run by a central system with members seeking to aid themselves by mutual contributions and of course, earn interest for doing so. However, to be able to generate such interest, the moneys contributed are used for businesses or investments which generate enough yield. The interest paid members are simply dividends of the interest yielded by the businesses/investments done with their collective donations. Now you may want to ask, does MMM do any business in order to generate the 30% profit promised? Certainly not. The only money that is paid by Marvordi is the extra bonus paid to first timers.
Like I established earlier, MMM is a ponzi scheme and therefore doesn't run same system as cooperatives.

3. MMM is not a fraud

It is very easy to believe that MMM isn't fraud judging by the fact that it pays well and it's pretty difficult to see who is robbed or defrauded in the scheme. The fact that MMM runs a cyclic system of robbing Peter to pay Paul means that as long as there is a Peter to be robbed, Paul will always get his pay and therefore cannot smell any fraud until the robber runs out of Peters.

Let's examine this simple illustration. Theresa is a fraudster. She promises First Bank a 30% return on investment after one month if granted a loan of one million naira. First Bank gives her the loan but at the end of the month, she has not got the money to pay back, so she runs to Zenith bank with the same proposal and then uses the money from Zenith to pay First Bank. Then, in order to pay Zenith, she goes to Gaurantee Trust Bank, gets a loan with the same terms and pays off Zenith and the cycle goes on like that.

Now, I'm pretty certain the managers of those banks would be head over heels about their very loyal customer, Theresa; just as thousands of Nigerians are with Marvordi. But then, what happens when there's no bank left for Theresa to run to; or a situation where she fails to get her fraudulent loan? The bank will go after her and only then will they discover her gimmicks; just like thousands of Nigerians eventually will when MMM runs out of new entrants and is forced into pause mode.

Well, I just hope that you realize sooner than later that your beloved MMM is a deceitful scheme—a handsome fraud; and that you begin to thread with caution. A word they say is enough for the wise but many words help sharpen up one that seeks wisdom.

My name is Chidubem Joseph Njoku and I just wanna make common sense.

EXPOSED: How Some Guiders Intend To Crumble MMM Nigeria

Also read: 3 Facts About MMM That Cannot Change

The Marvodial Mundial Movement popularly known as MMM is a self acclaimed socialist scheme where people help each other financially through monitored donations. The Sergey Marvordi

3 Facts About MMM That Cannot Change

Also read: Churches In Nigeria Will Die A Natural Death

MMM which is an abbreviation for Marvodial Mundial Movement came into Nigeria in 2015, four years after ex-Russian Parliamentarian, Sergey Marvodi launched the global scheme immediately after leaving prison. MMM runs a pyramid structure (though not an MLM) and judging by antecedence and how it operates, it makes for a difficult task separating it from a Ponzi scheme. MMM—they say—is a community of mutual aiders—that is people helping people. It promises a thirty percent (30%) Return On Investment (ROI) including other bonus payments. It also rewards participants who bring in other members to the scheme. 

After close examination of this scheme, I carefully established these 3 facts that cannot change about MMM. 

Sergey Marvodi, pioneer MMM Global

1. MMM pays

That's right. You read right. MMM pays—oh yes it does. I for one am a whiteness. Although this would sound offensive and ridiculous to critics and sceptics of the Marvodi Mundial Movement, the fact still remains that it pays. How long it will continue that way is a question for another day. This is one fact that is glaring to all; all the same, it's an option to accept it or not. 

2. MMM is fraud. 

I pretty much must have angered a lot of people by saying this, but sorry enough, I reserve no apologies  because what I've said is evidently true. 

A lot of people when asked what MMM actually is, say that it is a mutual community of people helping people. When I hear or read such comments, I nod my head in disdain. How can you claim to be helping me and do it at no cost? And in fact at a profit. 

A fraud is a deceitful scheme and in all sincerity, there's no better way to describe MMM. Okay, let's put things straight. MMM promises 30% return on investment in 30 days plus other add-ons: no business done, no goods to be sold. You insist it's legit and yet can't explain where the 30% emanates from? Who's deceiving who really? MMM is simply a cyclic system of robbing Peter to pay Paul

3. MMM will crash

This is undoubtedly the most widely accepted fact about MMM. Many times people have asked me "when will MMM crash?" Well, the simple reply to that question is at the point of saturation—that is the point where there are no more new entrants into the system. 

But then, there is another seemingly nicer twist to it—the opinion that if those already in the system keep helping themselves, the system won't crash. Well so. However, the unfortunate thing about this assertion is that it hinges on the assumptions that man would not be greedy and also the absence of speculations. These in reality are not feasible, knowing that they are both anti-natural. Thus, the above assertion may not hold water after all.

The fact that MMM banks majorly on new entrants to survive spells doom for its life span. It runs a cyclic system of robbing Peter to pay Paul and therefore, if there's no more a Peter to be robbed, Paul stays unpaid. The end of MMM is similar to that of the coming of Christ— the more you publicise, the lesser the people to be converted, the nearer you get to the end. So let me just rap up the story of MMM's life span with a quote from the Bible in Matthew 24:14 "And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come."

I rest my case.

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