Name: MMM Global
Price: Minimum: $10
Type: Pyramid Scheme
Bare Naked Scam rating: 5 Thumbs Down
MMM Global collapsed once. Before you think of joining this business opportunity that has collapsed, please read this article carefully!
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My brother approached me one day and asked if he should join the MMM Global. He said that if he puts in money (a minimum of $10), he is promised a 100% return for contribution plus a 30% return every month. He also mentioned that his friend made a 200% return on the initial deposit.
My brother had the intention to “invest” $5,000 with them in hope to get high returns, since there was little risk, he said. As a scam exposer myself, I exercised a high level of skepticism upon hearing about this opportunity.
Upon digging more information on MMM Global, I was shocked to see that such program still exists in the modern world. MMM Global mirrors the idea of a Ponzi scheme with a little twist, unlike the traditional Ponzi scheme, MMM Global discloses how it is operated, and how it is not benefiting from the one who creates it.
Before I dive further into the details, I though you might want to know what a Ponzi scheme is:
So now you know there are winners and losers in a Ponzi scheme. Some people may share with you that they made tonnes of money with MMM Global, and some may tell you that it is a total scam. Generally, it is the “earliest batch” of “investors” who will make the money
One thing that I am certain of is that MMM Global is not an investment firm, rather it is more like a Cash Gifting racket. Think about it, if MMM Global does not invest the money elsewhere, how are they able to support the 30% return every month? Whatever money that is poured into the MMM Global system stays in the pool, and it does not grow.
The only way to grow it is if there are new “investors” pouring money into the system.
Who came up with this “Brilliant” idea of MMM Global?
MMM has been existing for more than a decade, and it was founded by Sergey Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova in 1989. The name “MMM” was taken from the founders’ first initial of their surnames.
Sergey Mavrodi is known as a fraudster who cheated Billions of dollars from hard working Russian citizens, and was jailed for 4 and a half years. You may check out his history in the following articles:
- An enigmatic man behind a pyramid scheme wants to destroy the world’s financial systems
- Pyramid fraudster withdrawn from circulation
- Notorious Swindler to Serve Sentence
- Picking Out the Biggest Fraudster in the Room
- Russian fraudster’s new scheme ‘cynical lie’ – Finance Ministry
I wonder how did MMM ever climb back into the public after all the scandals surrounding it, and I am really surprised that people are still singing praises for the program. The new MMM program started in 2011, and now it is bigger than ever. Instead of being localized in Russia, it has now grown globally with presence in India, Indonesia, Malaysia, China, Bangladesh, Philippines, Thailand and more. China has now issued warning to its citizens against joining the MMM Global:
Will MMM Global Crash?
Certainly! To my knowledge, there are 3 ways the system will crash. The first would be that every single member of MMM Global requests for a payout of their initial capital and plus the 30% interest. The second would be that no “New Investors” join the system, and lastly, if the government catches up to the system and forces it to be shut down.
Here’s how it works…
The MMM Global Overview
MMM Global works differently from a traditional Ponzi Scheme. MMM Global will not hold any cash in its system, the money will be transacted between the individuals in the MMM Global. MMM Global will only monitor the transactions. This is the main reason MMM Global is still alive because no legal framework is in place to tackle this loophole. If my prediction is correct, MMM global will still run for many years until there are no influx of new money.
Further my study of MMM Global shows that it has tackled the problem of “no influx of new money”. With the “MMM Extra” system, you will be able to get a 100% return per month if you perform certain tasks on a daily basis. Who wouldn’t want to participate in MMM Extra right (small effort, huge returns)?
There are two types of task, the online tasks and the offline tasks. The online tasks only take a few minutes a day to complete which includes re-posting of MMM video links on your personal Facebook Pages, recommending people to join MMM on other social network channels, posting MMM reviews on YouTube, etc. While the offline tasks will require you to spread MMM through the word of mouth to your friends and family.
The main aim is to have a constant flow of “New Money” into the system.
You have just seen the overview of how the MMM system works. Now let us understand how the MMM Global system works at the individual level.
At the Individual Level…
When you join MMM Global, you will have two choices, to “Provide Help” or to “Get Help”. In order to “Get Help”, you have to first “Provide Help”.
To “Provide Help” you have to give a minimum of $10 to someone in MMM Global, in exchange, you will get a “Mavro”, which is the currency in MMM Global. This Mavro will grow in value each month, and when you are ready to cash out, you can click on the “Get Help” button.
Basically, the funds will not be remitted to you by MMM Global in one single payment, you will get tonnes of transactions from other MMM Global members, depending on the size of the funds. Sounds like a good deal that you get your money back with interest right?
So, if I understand the basic human instinct correctly, you will keep the initial investment amount, and be willing to “re-invest” your earnings to the system, since now there is no risk on your part. This is exactly what is happening in the MMM Global.
The losers are the ones that “Provide Help” at the beginning and are not able to “Get Help”, and the winners are the ones that have gone through the process over and over again.
Why are people still joining?
One word, “GREED“. I am sorry to say this, and I know many people may not agree with me. The fundamental purpose for anyone to join MMM Global is to make money. There is no way around it no matter how much you argue.
People are sucked into this program with the hope of making tonnes of money. It is even declared in the program that there is no guarantee that you will make money, and there is a possibility that you might lose all of it. But, because there are people who actually make money out of the system, everyone wants a piece of the pie.
There is no way of stopping it, and this is the reason MMM Global is still alive after all the scandals that happened a decade ago.
My Sincere Advice to You
Stop risking your money on such system. Though you might make money from it, but there is a possibility that you will lose it all. It is only a matter of time till the law catches on, or Sergey Mavrodi decides to close down the racket.
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