The Ponzi Scheme giant MMM has finally Shutdown. Two weeks after the death of Sergei Mavrodi the founder of the controversial and inarguably Ponzi scheme in Nigeria Mavrodi Mundial Moneybox (MMM), MMM has officially got shutdown giving out a brief reasons.
The Ponzi scheme entered Nigeria in 2011, gets more popular in 2016 which made many rich and also makes many poor. The ponzi scheme lost its ground after the end of the year break in 2016. Although they resume as said in 2017 but many Nigerians money was lost with no trace.
The shutdown reasons stated;
“After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology”. Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts.In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering.Hoping for your understanding, Administration.”
Right now, the Nigeria-mmm.net website is still opening but the login button have disappear. The direct shortcut URL via mmmoffice.com aren’t opening anymore, All it shows is Error 1002. See screenshot below.
As well said when opening the account to use your spear money, i believe that users who have some amount of money in the platform should go on with their hustle and stop hoping anymore. The also serves as a warning to does that usually jump into any ponzi scheme for quick money.