The owner of the Mavrodi Mondial Moneybox (MMM), Sergey Mavrodi has written an open letter to Nigerian journalists and the press, who he accused of creating panic about the ponzi scheme. Mavrodi in his letter said the ponzi scheme will be back in January contrary to reports that it has crashed. Sergey Mavrodi went ahead... Read More

December 15, 2016

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MMM launches in Kenya with 40 per cent ROI promise

Ponzi scheme, Mavrodi Mondial Moneybox (MMM) which recently froze withdrawals for 30 days in Nigeria has now been launched in Kenya. While MMM Nigeria had promised a 30% returns to investors, the Kenyan site tells investors to expect 40% returns after a month. A check on the domain, www.kenya-mmm.net revealed that it was registered on... Read More

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MMM Kenya, MMM Nigeria, Sergey Mavrodi

December 11, 2016

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MMM founder, Mavrodi blasts FG in open letter

Founder of MMM, Sergey Mavrodi has written an open letter to the Federal Government explaining how the ponzi scheme works. The letter which was displayed on the page of all participants said the Nigerian government was not providing for its citizens but keeps attacking a scheme which has been helping Nigerians. Mavrodi said participants were... Read More

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FG, mmm, Open Letter, Sergey Mavrodi

September 12, 2016

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YNaija Editorial: Before the MMM pyramid comes crashing down

On August 30th, the Securities and Exchange Commission issued this statement about a fake online investment scheme called MMM. The statement said: The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net). The platform has embarked on... Read More

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Mavrodians, mmm, Moscow, nigeria, Olga Melnikova, Ponzi Scheme, Russia, SEC, Sergey Mavrodi, south africa, Vyacheslav

MMM founder, Mavrodi cautions Nigerian journalists, media in open letter

MMM launches in Kenya with 40 per cent ROI promise

MMM founder, Mavrodi blasts FG in open letter

YNaija Editorial: Before the MMM pyramid comes crashing down

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