MMM Ponzi scheme struggles: After collapsing months ago, the money making scam, Mavrodi Mundial Moneybox (MMM), that , has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new ‘investors’. A letter displayed on the pages of participants of the scheme, urges them to invite new members. Members must invite new participants and register them as referrals to qualify for the contest.
The letter reads in part: “MMM Nigeria launches Promo-Task Contest.
“MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office. “Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner”
The News Agency of Nigeria (NAN) recalls that the Securities and Exchange Commission (SEC) and the Central bank of Nigeria (CBN) have warned Nigerians against participating in the scheme which they described as a “Ponzi” scheme.
Source: NAN
CLICK HERE to join our BBM Channel for juicy updates & free giveaways.
TRENDING NOW
- 7 facts about Simi and Adekunle Gold you didnt know – Too many secrets unveiled
- 8 ways to make a man regret dumping you – #7 is the key!
- 11 female celebs whose broken marriages didn’t stop them from shining – #9 became stinking rich after divorce (With Photos)
- 16 Signs you may have HIV without knowing – if you notice #6, #12 or #14, please visit your doctor
- 8 Nigerian celebrities with multiple baby mamas – #1 has 39 children from countless women (With Pics)
- 20 Hollywood movie tricks that look so real- You wont believe your eyes when you see them (With Pictures)
- 7 beautiful daughters of Nigeria’s wealthiest men who are still single – #3, #4 & #5 will make a perfect bride
Discussion about this post