Monday 10 October 2016

What You Should Know About MMM

Everywhere you go in Nigeria you hear MMM, from people wooing you to join their downline to people warning you not to join. Some call it Money Making Machine, however MMM was established in 1989 by Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders’ surnames.

Disclaimer: This article is not to encourage you to start or stop MMM, it to help you understand the history and details behind the scheme and help you take your decision.
What is MMM?
MMM is a mutual find community established by three brothers Sergei Mavrodi, Vyacheslav Mavrodi, and Olga Melinkova.

According to wikipedia
"МММ was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders"

It is not a bank, MMM does not collect your money, MMM is not an online business, HYIP, investment or MLM program. MMM is a community where people help each other. MMM gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE. All transferred funds to another participant are your help given by your own good will to another one, absolutely gratis.

HISTORY.
At the onset of MMM company, it imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion, leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors.

MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment.

At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.)

On July 22, 1994, the police closed the offices of MMM for tax evasion. At that point, Invest-Consulting, one of the company’s subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide.

Sergei Mavrodi left Russia and moved to the United States and with the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies’ stocks in a form of the “stock exchange game” on the company’s site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission, losses of victims were at least USD 5.5 million

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding “It is a naked scheme, nothing more … People interact with each other and give each other money. For no reason!” Mavrodi said that his goal with MMM-2011 is to destroy the current financial system, which he considers unfair, which would allow something new to take its place. MMM-2011 was able to function openly as Ponzi schemes and financial pyramids are not illegal under Russian law. In May 2012 he froze the operation and announced that there would be no more payouts.

In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid. He has also launched MMM in China. He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.

In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a “30% per month” return through a “social financial network”. The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank. In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg.

In 2016, MMM launched a website targeting the Nigerian audience.

In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered)
What is Ponzi Scheme?

Ponzi scheme is a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. It’s a fraudulent business where people are paid quick and high returns using other people’s money. People who enter first or who started the business usually gains while later investors lose.
Should I Join MMM or Not?
NOTE: I HAVE JOIN MMM AND I HAVE BENEFITED FROM IT VERY WELL AND I AM VERY WELL AWARE OF THE RISK I TAKE. RISK IS A NATURAL THING FOR SUCCESSFUL PEOPLE TO TAKE.

DISCLAIMER: This article is not to persuade or dissuade you, however we will highlight some point that will allow you make your decision.

A quick check on MMM website showed the following disclaimer

WARNING!
There are no guarantees and promises! Neither explicit nor implicit.
    There are neither investments nor business! Participants help each other, sending each other money directly and without intermediaries. That’s all! There’s nothing more.

    There are no securities transactions, no relationship with the professional participants of the securities market; you do not acquire any securities. (Do you need them? :-))

    There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may “lose”. “Win” might not be paid. Without any reasons or explanations.

    And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))

Interpreting the above statement, they are simply telling you that you will likely lose your money, hence you should use a spare money so that when you lose you won’t feel too bad.

One thing is sure from the history of MMM, they can stop anytime without warning or reason.

The return is lucrative (30%) per month, for doing nothing! Very tempting!

According to MMM site

There is no сentral account, where all the System money flows to (and where it can be easily stolen from :-)). All the money is only on the banking accounts of the participants themselves! On a lot of thousand and million private accounts. Participants transfer to each other directly, without intermediaries! (What are they for? :-)) In fact, MMM only regulates the process — nothing more.
    So the System completely belongs to people. No kidding! It is a real mutual aid fund where ordinary people help each other.

They also promise 50% bonus if you provide help through bitcoin. Bitcoin Bonus is not frozen. It is available for withdrawal as soon as the recipient confirms the receipt of funds.

Now this is tricky, Bitcoin is a pseudonymous currency, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks. Dubious and criminal transactions are usually perpetrated through bitcoin.

My assumption, the creators of MMM make their money from people who provide help through bitcoins, as you can’t actually verify who the real receiver is. They are also making it more lucrative to attract more people.

Common factors with most Ponzi schemes
– Lucrative (Very High) Yield
– No visible business operations
– Visible warning signs etc

One question most people fail to ask is this, since there is no business where the MMM pledges (helps) is being used for, WHO ACCOUNTS FOR ALL THE BONUSES AND YIELDS? Where is the 30% yields, 50% bonuses, referral bonuses given to everyone who joins coming from?

Another question begging for answer is this: What is in it for the founders? How do they make money to cover for their expenses in running the scheme, since the claim they don’t touch any of the money. From the records available, they have not done anything charity, even at that charity organizations need funds.

On the other hand, the recession is biting hard, most people are resorting to the easy way out, quick money for doing nothing. It’s very tempting especially in the current economy and the founders know this.

Ponder it yourself and make your choice

Would you like to take the risk follow my link and contact me on 08138996441.

http://nigeria-mmm.net/?i=ekegi@yahoo.com

PHYNO DROPS NEW SINGLE TO MARK BIRTHDAY





Penthauze Boss, Phyno celebrates his birthday today and in respect to this, the “Fada Fada” crooner dishes out this new one titled “Pino Pino” which is produced by fast rising producer, Benjamz.

 Phyno marked a good celebration of his birthday with a cool and mind blowing single “pino pino” not long ago did the Penthauze singer did his “fada fada” a song which is still jamming many set. “pino pino” is produced by Benjamz
Happy Birthday Phyno. Good Job


Follow link to download
http://net.tooxclusive.com/wp-content/uploads/2016/10/Phyno-Pino-Pino.mp3

Track Source: tooxclusive.com

HUMBLESMITH DROPS NEW SINGLE "CHANGE"




Young, and fast raising star Humble Smith is at it again as he drops another heart and leg thrilling beat.
His new single ‘Change’ has a good and measurable code mixture of his native language, English, and Nigerian pidgin. It also has an incredible local pop beat. It has a message of the current Nigerian situation, hopes and truth of changing times with the current situation. The song is rich and can easily lift you off your feet ‘Change’ by Humblesmith was produced by Del B.



Follow link to download.
https://www.360nobs.com/?dl_id=17458

Track Source: 36Onobs.com

MANCHESTER UNITED SIGNS KIA ROONEY, WAYNE ROONEYS SIX YEARS OLD SON


Being son to one of the well known and talented football stars has its perks, whether born into talent or influenced into talent, Kai Rooney; Wayne Rooney’s six year old son has kicked off remarkably on an obvious part of football career as he just got singed into Manchester United Development squad


That which is done with little or no intent but to share a father and soon moment got Kai noticed.  Wayne Rooney and teammate Michael Carrick has been taking their sons to training

Sun UK has it that
“Wayne and Michael really get into it when they bring their boys down. The kids seem to love it and have been coming down regularly in the week to train with the young development squad. 
“It’s a bit funny because both their dads aren’t playing as much any more but these guys could be the club’s stars of the future.”

DSS ARREST "IF I HAD $2 MILLION I WOULD QUIT FROM THIS HORRIBLE PROFESSION



Following the rampaging arrest of some alleged corrupt judges by the DSS, Honorable Justice Muhammad Liman has come to make a statement about the so called corrupt practice and alleged $2 million dollars said to be stashed in a judge’s house

Liman, in a statement published on The Nigerian Lawyer, said:
I believe most of the members heard or read about the reported raid in Port Harcourt and my name has been mentioned as the judge in whose house $2 million was stashed. Since yesterday this story has been on the headlines and captions on most social media platforms. The truth is that all that you’ve read is more of misinformation and disinformation; substantially untrue account.
The truth is that we live as neighbors to the DSS, their address is 35 and mine is 33. That night the DSS came to house 34 where they wanted to search but they were refused entry and later Governor Wike was said to have come and engaged the security outfit in a near physical struggle, as the report suggested.
I wouldn’t have known of the incidence if my neighbor in house 34 had not called me to inform me of the presence of strange people at her gate. All this while the melee lasted to around 4AM, I was in my house monitoring the events, and remained indoors until later in the day when I felt it was no longer safe for me to continue to remain.
However I feel distressed that the DSS indirectly claimed they have evidence I stashed $2m, and when contacted I employed thugs and with Governor Wike to obstruct them from carrying out the search and that I later transferred the money to an unknown place. I do not think I need to refute this allegation because it would only make sense if they had actually targeted my house for the search.
The truth is that due to their incompetence they bungled the operation and are desperately searching for alibi to save their heads. Unfortunately I have found myself in the middle of a dirty politics between Wike and the Federal Government and perhaps my notoriety for delivering controversial judgements; because the cases are also controversial and the stakes probably very high.
I’m not asking anybody to believe or disbelieve whether I stashed $2m, an amount that is equivalent to about N1b. Perhaps you might think the DSS probably exaggerated the amount, but all these would have been relevant considerations if they had actually searched my house. If I had $2m or even a quarter of it I would have abandoned this horrible profession that has lost its dignity. In fact I have already lost interest in it and have made up my mind to say bye bye to it. I believe there is a life beyond every other thing.

FIVE SIGNS YOU ARE NOT BURNING THOSE CALORIES RIGHT



For gym lovers and fitness fans, you obviously must have encountered this situation or yet to experience it. Over time you get too comfortable with your workout routine that you make no impact again and most times you don’t know it until you start gaining some ridiculous pounds. The below listed are what to check out to know if you are getting over comfortable with your work out.

1. You repeat same routine over and over.
Starting fitness activity is naturally hard during the first couple of times but once you settle into it, you would like to keep doing it over and over again; however, the constant repetition of same exercise leads to reduced burning of calories and as such needs to be switched up.
Your body adapts quickly, sometimes in just a matter of a week, to whatever exercise you’re doing. Janice Clark, a personal trainer in Los Angeles said “Once that happens, your body doesn’t have to work as hard, and you burn fewer calories.” Its better and beneficial if one learns how to juggle from activity to activity in couple of weeks
2. You talk with friends the entire time.
Its fun having a workout buddy whom you talk with while doing your jam but throwing out all your breath in every instance of talk makes your fitness activity less effective. Learn to throw in just a few words on workouts
3. You don’t feel like you’ve done anything.
Workout is challenging especially when done well. Most times after fitness programs you feel like you haven’t done anything and good enough you ought to be honest to yourself and work hard enough so you can burn your desired calories. Being honest to yourself helps you do challenging stuff but that doesn’t mean you should work so hard to injure yourself or break a bone and become friends with Dr. Bones
4. You’re binge-watching TV.
It will pass the time. But you can’t focus when you’re deep into your favorite show, or when you flip through a magazine, or scroll through email and texts. It’s too hard to get to and maintain the right intensity when you do that. And if you lean on the machine while you read? That’s totally cheating. Do most of your workouts without the extra entertainment. If you must watch TV or read a book, check in every few minutes to make sure you’re at least working at a moderate intensity.
5. You’ve barely broke a sweat.
Perspiration is an evident sign of workout even if you are working under cold you at least should break a sweat. Yes… some people sweat more than others and some like a fish skin barely break a sweat .if you didn’t perspire a drop during workout you are obviously not revving the engine well