Ponzi Scheme, MMM Yet To Give Participants Money After Return.
Several days after its shocking return, Nigerians favourite Ponzi Scheme – MMM – is yet to pay its members.
There are claims that investors of MMM have not yet been paid and their accounts are still frozen.
One Kolade Ogunwande said he invested N100,000 in November 2016, and also referred two people to the Ponzi scheme. He said that on Friday, January 13, 2017, his N100k had appreciated to N214k. When he requested to retrieve his money he was denied.
“They have not paid me anything, but, they said we should be wait patiently to be matched with participants willing to invest in MMM. I have no choice than to be optimistic,” Ogunwande said.
Another woman by name, Lara Makanjuola also invested N100,000 in the Ponzi scheme and is also facing the same challenge of withdrawing her money.
She claims that anytime she requests for help, the website says “Mavros are not available for withdrawal.I was supposed to collect my money two days to when accounts got frozen, but, the person I was matched with didn’t pay.”
Also, a couple based in Abuja said that they have invested over N2m and can’t get back their money.
Members who want to withdraw their money keep seeing this message on the MMM site:
“As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.: (Moreover, there are almost three weeks left to the New Year).
“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month. The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled.”
MMM came back on Friday, January 13, 2017, a day earlier than expected. Do you think MMM will pay back investors?