Beware Of MMM Federal Republic of Nigeria - SEC


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Sep 1, 2016

Beware Of MMM Federal Republic of Nigeria - SEC

I've been hearing about the so called MMM of a thing online and even offline. I have even seen some with the branded T-shirt in my hood. The one thing i always say is that, it doesn't matter how much you make in a system / platform but what matters most is how much have you withdrawn. I am not writing this to condemn the business but wait, the Securities And Exchange Commission (SEC) has an important information for you guys/ladies that are already in the business and/or that are planning to join the system.

SEC has this to say on its website;
“The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.

SEC also notifies all the people investing their hard earned money into this system that the Scheme has no tangible business model and it's seen as a Ponzi Scheme where cash are paid from other people's invested funds. This business is not registered by SEC.

SEC, therefore, advised the general public to distance themselves from the online scheme, adding, “Please note that anyone that subscribes to this illegal activity does so at their own risk.”

Like i said earlier, am not here to spoil anyone's mood about the system. But i just want to let you see the risk in it and how it's been done. Even if you don't want to agree with me, but please apply your number 6. Don't empty your bank accounts all in the name of investing on MMM Federal Republic of Nigeria.

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7 comments:

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  1. Anonymous2/9/16

    MMM is risky, I know…
    MMM is Ponzi, I know…
    MMM is a scam, I know…
    Mavrodi is a 'criminal', I know…
    -But do you know that all investments are risky?
    -Do you know that the global financial system is the biggest Ponzi scheme of all times?
    -Do you know that going to school, working your entire life and hoping on an unpaid pension is a devilish scam?
    -Do you know that the US Federal Reserve, our 'master' use every other person as a 'slave' with dollars as 'shackles', are the worst criminals that we still applaud?
    If you still see MMM as a scam, please leave me with my scam, I love to be scammed… πŸ˜† πŸ˜›
    If you still see MMM as a Ponzi scheme, please leave me with it, I crave for it anyways.πŸ˜‹
    If you think MMM is not secured, yes I choose not to be, because everyone under security lives in the fools' paradise of freedom.😐 πŸ˜‚
    ==================================
    From A Banker Friend Who Is Also A Participant
    ==================================
    Money in circulation as at 31st August, 2016 is about N2trillion, and all these pass through the banks. Pool of funds MMM is controlling shouldn't be more than N100million for now, which is peanut compared to the money in circulation. Again, all monies in circulation pass through the banks. MMM is not taking money away from us.
    The money we pledge to provide is still in our accounts. Consequently, the banks have nothing to lose because of MMM as the Founder of MMM does not take money from us. Please I repeat there is no need to panic. We are only helping one another at our own expense and risk, which MMM clearly spelt out.
    # IamBoilingAtHeartRightNowMen
    # FreeYourselfFromThisBloodSuckingAndHungerOrch
    estrators
    # MmmForLife
    # MmmNigeria
    # MmmAlwaysMakingMyHeartTingle

    ReplyDelete
  2. Anonymous2/9/16

    DΰΉ‘TCΡ’IÐєXΠΌΰΉ‘Ο€:
    WHEN THEY CALL IT A SCAM, SHARE THIS WITH THEM
    πŸ‘‡πŸΎπŸ‘‡
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    πŸΎπŸ‘‡
    πŸΎπŸ‘‡
    πŸΎπŸ‘‡
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    πŸΎπŸ‘‡
    🏾
    Is MMM really a scam?
    Is it a scam to have a system that brings a community of
    people together that financially help one another,
    willfully, without being forced?
    Is it a scam to have a system that creates a platform for
    individuals to combat poverty at its core?
    We always say fighting poverty is a collective effort; Now
    instead of people stealing, cheating or robbing they join
    their hands in good heart to provide financially help to
    one another, is that scamming really?
    Is it a scam to see families that couldn't afford to bring
    food on the table now able because of the financial help
    they have received from other nembers?
    Is it a scam to see students who couldn't afford to have
    pocket money and monthly allowances in tertiary
    institutions now able to afford because of MMM?
    Is it a scam to see entrepreneurs rising from the capital
    money raised through MMM and in return they
    contribute to the economic growth of this country and
    create employment to thousands?
    I will tell you what a scam is?
    πŸ”Ή A real scam is to hinder people to their financial
    freedom yet encourage them to keep borrowing from
    your system so that they work for you and pay the rest
    of their lives if they live that long...
    πŸ”Ή A real scam is to have someone work 40 years of his/
    her life and after retirement that person must take the
    fruit of his/her years of hard labour and pay the debts
    and bonds that refused to end because of ever
    increasing interest rates.
    πŸ”Ή A scam is when your bank sends you an sms alert to
    inform you that you have earned #0. 50 on your money,
    and later charge you #4. 00 on the sms alert. Your bank
    also charges you exorbitantly every month on something
    you know nothing about ; and there's nothing you can
    do other than to keep quiet because you have no choice.
    πŸ”Ή A scam is when your mobile network provider charges
    you on the service you never make a request for (caller
    tunes, news updates, etc)
    πŸ”Ή Working for a government and being paid the same
    salary as when 1 Dollar was N165 till now is a scam.
    πŸ”Ή Working for government for years without promotion
    is a scam.
    πŸ”Ή Working for so long and just getting a sack letter or
    retiring broke and in debt is a scam.
    πŸ”Ή Serving your country for one year and crying to get a
    job is a scam.
    πŸ”Ή Not being paid salaries for 5 months or more is a
    SCAM.
    πŸ”Ή Not being able to transfer your job to your children is
    a SCAM.
    πŸ”Ή Spending 6 years in Primary school, 6 years in
    Secondary School, 4, 5, 6 years in Higher Institution, 1
    year Internship (for some) 1year of NYSC and at the end
    you still roam about looking for non-existing job is the
    REAL Scam.
    Meanwhile someone somewhere is enjoying financial
    freedom, making millions, driving brand new cars etc all
    in joining MMM without submitting CV, NYSC discharge
    Certificate etc....and people still say it's a scam?
    Is it therefore a scam to have a system that produces
    people that can afford to buy a house they could have
    paid for 20 years in cash had such a system not been
    introduced?
    Is MMM a scam? You can make your own judgment as to
    who a real scammer is.
    Please share this message everywhere, the world needs
    to hear it.
    *Together We Change Nigeria*

    ReplyDelete
    Replies
    1. Thanks for your opinion.

      Delete
    2. Plz brother don't let them used u to spoil MMM again, I love did ur site pass wat u're just doing right now, and if you said MMM is scam or fraud site or it's risk some how, just let us be if u can't pacitipate just don't spoil it for is

      Delete
    3. Am not saying or judging it as a scam site. Please don't get me wrong.

      Delete
  3. Enter your comment...guy stop causing confusion in ur head pls if u don't want to join leave us let us be scamed we like it even if it is a scaming business

    ReplyDelete