This
is a confirmation of the fact that the Mavrodi Mondial Moneybox Ponzi
Scheme has crashed in South Africa with participants thrown into
anguish.
A South-African man has schooled Nigerians who are MMM participants
in the face of false claims that the scheme is still operational in
South Africa.
Relaying his experience of what happened to the popular money
doubling scheme in his country way back in May, the man said contrary to
reports that the participants will get their money when the bans on
mavros have been lifted, nothing like that will happen.
He said that was the exact thing that happened to them in May and
up till now, no one has been able to get their money. He went ahead to
say that Nigerians should have learnt from South Africans.
Read what he wrote below:
'LOL u should have learned from your brothers and sisters here
in south africa , our old mavro money is gone as we speak and MMM is at
silence as we speak so watch out for this ponzi schemes i have also
learned my lesson here in south africa but atleast is not to much money
that i lost''
The scheme which later packed up due to alleged intimidation from
the media and government said it has started over with a clean sweep and
all users whose mavros were frozen will be rewarded handsomely. They
promised that the “old” version of the Mavro currency will be ‘bought
out’ through trades of the “new” version of the currency, where equal
value would be paid out to participants over six months, using 10% of
total trade – effectively placing a debt burden on all participants. All
these were made known May 1, 2016.
See the exact notice as sent to all participants below:
"Dear participants!
Unfortunately, the persecution against MMM organized by the
mass media has provoked a panic. We have been working in South Africa
for almost 2 years and we have millions of members. During all that
time, we had no complaints and accusations from participants, everything
was paid to everyone in time and in full amount, by 30% per month. We
held charity events and helped children. We did a lot of useful things
for people! Well, who was suffering from this?
"The bankers and the adherents of the current unjust financial
system. That is why they planned and brought all these crazy
investigations and persecution in the mass media.
“The only thing which prevents the investigation is the fact
that non of the participants reported to the police”. If there are no
complaints, and everybody is happy, then what is the investigation for?
What is the subject? Did not they understand the consequences? Did not
they understand that their irresponsible actions would hurt people?
Millions of people! Well, try oppressing any bank, even the most
reliable one, in the same way, and see what will happen tomorrow.
"However, it is futile to explain that to them. MMM prevents
banks from robbing people, that is the only reason why all this is
happening. And nobody cares about people. If we managed to pay millions
of participants 30% per month for two years (and would still be paying,
if the mass media did not lie about MMM!), why do banks not do the same?
Why do they offer only a few percents a year? Make your own
conclusions. Thought everything is clear right now. You are simply
robbed, we have always been saying it. The modern financial system is
predatory by nature. It is not for ordinary people, it is for the
bankers. Its purpose is financial slavery! And it achieves this purpose
perfectly. In general, in this situation, we have to start all over
again. We have no choice. You can see on your own what is happening.
"In a notice posted to participants of the scheme after it
happened, the group said that 'persecution against MMM organized by the
mass media' has provoked a panic which has forced the scheme to “start
all over again”.
MMM’s administration said that the scheme’s currency – “Mavros” had
been frozen and were impossible to use. The group blamed the collapse
of the system on media reports and South African banks, which it alleges
have hurt and robbed “millions” of people who were part of the MMM
scheme.
Hence, the current (“old”) Mavros are frozen. Any operations
with them are impossible. With the development of the system, we will
send 10% of the total inflow (of all the PHs) to pay for the “old”
Mavro. According to the experience of other countries, we can definitely
say that in the normal course of events, all the old Mavro debts will
be paid off in about six months.
“New” Mavros (Mavro bought from the moment of this
announcement) are introduced. You can use them on a common basis: to
‘acquire’ and ‘withdraw’ them at any time. All of this, of course, is
not very nice, but it’s not the end of the world. We will quickly pay
off “old” Mavro debts, no doubt about it. You just have to wait. (And
anyway, you can thank your precious media and banks for this “gift”!).
The best thing you can do is just to start participating again,
that is all. And you will quickly return everything, even with a
benefit. Moreover, now is the most favorable time to participate and
invite: in fact, everything starts from the beginning. So do not miss
your chance! :-)) We hope for your understanding, Administration."
In conclusion, MMM is still owing participants till date with no face or office that will pay them.
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