The end seems nigh…
Lol… How else was it supposed to crash again! By january the number of people on queue to cashout will tripple. What then happens? Indefinite suspension?!
NB: suspension is the new cool word for ‘crash’
Full disclosure: I participated and cashed out early. A skill i acquired a long time ago, "be an early adoptor (they need to prove a point), garbage in garbage out. cash in early and cashout early. No greed else you lose!
I’ve had a request to build a MMM clone but I couldn’t get myself to be serious due to laughter.
The who thing cracks me up like cray… Anyway, NNN will suffice for now. I read their about us info and just couldn’t deal… This has got to be one of my best post birthday ever!
There lies the lesson… “How to exit a successful startup in 12 months” ![]()
The bad news keeps piling in.
https://twitter.com/MMMNigeriaHelp/status/808569926675996672
I have said this will crash, Unfortunately, I cant gloat too much, coz I have people close to me who failed to heed my word, and sunk in millions.
No wahala.
for the people out there still interested in easy ways to lose their money in attempting to make a quick buck. I have created a blog that curates and tracks HYIPs like mmm all over the globe.
Its called www.sogundogoji.wordpress.com.
Check it out for the fastest way to lose your spare cash.
How a business can promise a guaranteed return of 30% without owning assets that will yield the return is madness. There is always one every decade it seems. Planwell in the 90s, Nospectus (not sure the spelling) in 2007/2008 - a friend lost about N1.4m in that one, although he made quite a bit - he was an early ‘investor’. Now it’s some MMM in 2016. Unfortunately, a lot of life-savings will get flushed down the drain. We will never learn.
The greatest ponzi scheme ever pulled off in history was by Bernie Madoff
In Madoff’s case, things began to deteriorate after clients requested a total of $7 billion back in returns. Unfortunately for Madoff, he only had $200 million to $300 million left to give.
Bernie Madoff got 150 years for his troubles. He is 78 and will be released on Nov. 14, 2139. For the MMM guys, they may just pack their bags and go back to Russia.
[quote=“princehumphrey, post:47, topic:9026”]
He is 78 and will be released on Nov. 14, 2139
[/quote]
You didn’t mention People’s Bank aka Umana Umana?
Ah, that escaped me. Thanks for call that out. ![]()
Erm, most of the investors lost most of their money because they lost $20b capital invested ( they think it’s $65b including supposed returns on the capital) About $7-9b was recovered though. Lawyers sorting out the mess got about $1b for their work - corporate lawyers never lose.
Meanwhile…
EFCC should do us a favour and spank that dude very hard before anything
Today…I had a mixture of laughter and pity for my friends who got cut up in this brouhaha
I pity the many ignorant Nigerians and friends of mine who had gone about preaching MMM for LiFe, MMM change the world and blah blah…so irritating.It made it look as if those advising them not to put too much trust in it were fools. Many had even lost focus of their future cos of the little fast cash they were making…For goodness sake even if this thing did not crash this year or the next… Is this really want you want to do for the rest of your Life …really MMM? smh
Haaay!!! Nigerian agencies are starting to get small social media sense oh.
Funny AF… 


Going through @officialEFCC’s tweets, it looks like some dude is really having a fun time.

It is shame on Nigeria that some guys came from Russia came to do this to us… Chai! Where were the Ade Bendels of Nigeria? We could have done the G internally and money would have still stayed internal.
Come to think of it, who know if it’s one Naija man that is behind it sef… 
Take this with salt to taste



My people I greet O!
