Panic as MMM freezes Nigerian participants’ accounts

Mavrodi Mondial Movement (MMM)

Participants of the famous Ponzi scheme in Nigeria, Mavrodi Mondial Moneybox (MMM) have been thrown into panic and confusion following the one-month freezing notice made by the scheme on the accounts of Nigerians.

This development has brought about so much shock as the hopes of Nigerians on having good Yuletide celebrations by cashing out their funds, have been frustrated by the Ponzi scheme.

This was made known through a circular sent out to all users yesterday. The circular which stated that ‘Confirmed Mavros’ would be frozen for a month urged all participants to be calm, saying it was to help prevent any problems during the New Year season.

It reads:

“Dear members!

As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.) (Moreover, there are almost three weeks left to the New Year.)

Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.

The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do).”

With the current freezing message from MMM, the fear is that it could tour the line of the crashed Ultimate Cycler. This tends to further give grounds to another school of thought who have it that all ponzi schemes do not last more than one year.