MMM moves to Kenya
With a reported 3 million Nigerians left hanging following a freeze on their accounts, global ponzi scheme MMM has reportedly moved on to Kenya.
The pyramid scheme had offered a 30% profit on investment before it froze in Nigeria and South Africa, but is offering a 40% profit in the East African country.
Its message read: “This is a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid. This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world’s unjust financial system. Financial Apocalypse! Before you join, be sure to get acquainted with our IDEOLOGY!”
Mavrodi Mondial Moneybox, or MMM as it is popularly called, is a pyramid scheme created by former Russia politician Sergei Mavrodi. He has previously executed similar schemes in Russia, the United States, China, India and most recently, Zimbabwe.
Nigerians with money in the scheme continue to pray that the freeze is eventually reversed, and eagerly await the January 12 termination date.