How MMM is still owing us from May till now - SA participants
A South-African man has schooled Nigerians who are MMM participants.
Relaying his experience of what happened to the popular money doubling scheme in his country way back in May, the man said contrary to reports that the participants will get their money when the bans on mavros have been lifted, nothing like that will happen.
He said that was the exact thing that happened to them in May and up till now, no one has been able to get their money. He went ahead to say that Nigerians should have leanrt from South Africans. Read what he wrote below:
READ ALSO: National panic in Nigeria as MMM gets frozen
''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''
From reports gathered by Legit.ng Gossip, this exact occurrence happening in Nigeria had happened also to the South African MMM sometime back. Headlines like:
"Controversial “donation platform” and alleged Ponzi scheme, MMM" and "South Africa collapsed and rebooted amid what it calls a “media panic”, flooded the news page when it happened in SA.
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”.
MMM’s administration said that the scheme’s currency – “Mavros” 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.
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The scheme said it has started over with a clean sweep and all users whose mavros were frozen will be rewarded handsomely. They promised that 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. All these were made known May 1, 2016. See the exact notice as sent to all participants below:
"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?
READ ALSO: It's not a scam and 4 other things Mavrodi wrote to Buhari before freezing MMM
"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.
READ ALSO: Tears as MMM crashes in Zimbabwe, millions lose money
Hence,
The current (“old”) Mavros are frozen. Any operations with them are impossible. 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.
“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."
Sadly, MMM still owes the old participants from May till NOW!
Source: Legit.ng
