Reactions are coming in from South Africa.. People from South Africa are alleging that this is the same way MMM crashed in their country… and we couldn’t help but make a little research.
Find below a report by some media outlets in South Africa, the day MMM announced they were going on a break:
Controversial “donation platform” and alleged Ponzi scheme, MMM South Africa collapsed and rebooted amid what it calls a “media panic”.
In a notice posted to participants of the scheme after it happened, the group said that “persecution against MMM organized by the mass media” has provoked a panic which has forced the scheme to “start all over again”.
The group’s administration said that the scheme’s currency – “Mavros”, named after the scheme’s founder, convicted Russian fraudster, Sergey Mavrodi – had been frozen and were impossible to use.
The group blamed the collapse of the system on media reports and South African banks, which it alleges have hurt and robbed “millions” of people who were part of the MMM scheme.
The scheme said it has started over with a clean sweep, with a plan to compensate users for any Mavro funds which were frozen.
The “old” version of the Mavro currency will be ‘bought out’ through trades of the “new” version of the currency, where equal value would be paid out to participants over six months, using 10% of total trade – effectively placing a debt burden on all participants.
The notice popped up on participants’ dashboards over the weekend (1 May 2016), but was no longer appearing by Tuesday, according to users. The notice was captured and posted to social media:
Dear participants!
Unfortunately, the persecution against MMM organized by the mass media has provoked a panic. We have been working in South Africa for almost 2 years and we have millions of members. During all that time, we had no complaints and accusations from participants, everything was paid to everyone in time and in full amount, by 30% per month. We held charity events and helped children. We did a lot of useful things for people! Well, who was suffering from this?
The bankers and the adherents of the current unjust financial system. That is why they planned and brought all these crazy investigations and persecution in the mass media. “The only thing which prevents the investigation is the fact that non of the participants reported to the police”. If there are no complaints, and everybody is happy, then what is the investigation for? What is the subject? Did not they understand the consequences? Did not they understand that their irresponsible actions would hurt people? Millions of people! Well, try oppressing any bank, even the most reliable one, in the same way, and see what will happen tomorrow.
However, it is futile to explain that to them. MMM prevents banks from robbing people, that is the only reason why all this is happening. And nobody cares about people. If we managed to pay millions of participants 30% per month for two years (and would still be paying, if the mass media did not lie about MMM!), why do banks not do the same? Why do they offer only a few percents a year? Make your own conclusions. Thought everything is clear right now. You are simply robbed, we have always been saying it. The modern financial system is predatory by nature. It is not for ordinary people, it is for the bankers. Its purpose is financial slavery! And it achieves this purpose perfectly.
In general, in this situation, we have to start all over again. We have no choice. You can see on your own what is happening.
Hence,
1. The current (“old”) Mavros are frozen. Any operations with them are impossible.
2. With the development of the system, we will send 10% of the total inflow (of all the PHs) to pay for the “old” Mavro. According to the experience of other countries, we can definitely say that in the normal course of events, all the old Mavro debts will be paid off in about six months.
3. “New” Mavros (Mavro bought from the moment of this announcement) are introduced. You can use them on a common basis: to ‘acquire’ and ‘withdraw’ them at any time.All of this, of course, is not very nice, but it’s not the end of the world. We will quickly pay off “old” Mavro debts, no doubt about it. You just have to wait. (And anyway, you can thank your precious media and banks for this “gift”!). The best thing you can do is just to start participating again, that is all. And you will quickly return everything, even with a benefit. Moreover, now is the most favorable time to participate and invite: in fact, everything starts from the beginning. So do not miss your chance! :-))
We hope for your understanding, Administration.
Some reactions from South Africa:
Mmm is happy to scam nigeria people to pay other nigeria in mmm because nigeria people re very stubborn desperate the warning but many still invest in mmm.
U can cry ooo but don’t commit succeed.. It your risk n your faults.. No one to blame. Greed people only join mmm
LOL u should have learned from your brothers and sisters here in south africa , our old mavro maoney is gone as we speak and MMM is at silence as we speak so watch out for this ponzi schemes i have also learned my lesson here in south africa but atleast is not to much money that i lost
Some reactions from Nigerians:
Why do people take interest in others downfall? Why should we pray for others to for misfortunes? Am not an MMM participant, i don’t pray for its crash because, i have seen a lot lives been turns around for good by MMM.Googluck to all…
MMM crash ke? guys wey go carry stroke dis dec go yapa ehn nd Very soon we will start seeing love stories like, We first met on MMM,they Paired us both but she kept on asking for extension which I did.But I noticed she had a nice voice.I then checked WhatsApp,her pic was so dope and we started from there and here we are today.
I got helped this morning and was matched with someone to pay me. Una go crash before mmm crash
The trust is , what happened now is because every one wants to get their money back because of the holiday and not put money. So there is no way it will not affect the system. So the pause mode is to reduce the pressure to take money
Freeze / block na dem sabi. But all I knw is that this their Moku Mogbe Modaran (MMM) of a tin am not interested. Pennywise (sogun di ogoju) don teach me lesson.but me I will keep on warning my people cos this kind thing is real in Abroad but Nijaaaaaaaa! Guys e ja ara yin.Na starting dem get but d finishing………it is well
What I don’t understand is why they won’t announce the freezing to their participants before now, making people say lots of different things. Now even some bastards are making emphasis on how cbn has been warning people about the scheme without them giving any reasoning about who cbn epp, what has the government at large been doing for its citizens? Why won’t people take risks when all we do is work daily without payment, when people are dying of hunger and the so called government are living large buying exotic cars and building mansion everyday without doing no good for the people….. Now people are saying the scheme has crashed? Wow???tho am not a participant but then I don’t wish it so. Have heard people say Carpenters should start making lots of coffins because when something like this is gonna happen, people go just dey fall die and die for roadside……And have also heard another meaning given to the so called mmm, people say it’s wen it crashes that the people will understand its true meaning(moku mogbe modaran) God help us….
Come to think of it. The month self don almost finish. Christmas is next week So time fly’s, In no time it will be over. The only people I have concern for is those that
Lazy people. You sleep at home all day and want your money to grow and yet you want Nigeria to be great. This is exactly what Trump said about you guys. I mean you guys. Not the wise ones.. Imagine how great the world would be if everybody gets to invest solely on mmm. Be wise.
