Nigerians Jubiliate As MMM Comes Back

Updated Sunday 23 June 2019 7:25

Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back.

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The new version known as MMM Cooperation promises as much as 50 percent return on any amount invested in it — 20 percent more than what the extinct version offered.

Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investment and interest back after 30 days.

And some Nigerians are falling for it yet again!

The scheme had announced a shut down in April 2018 following the death of Sergei Mavrodi, its founder.

“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,” a message on MMM Nigeria website had read.

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