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MMM founder accuses media of causing panic among participants


 MMM participants marking one year anniversary in Nigeria in Ikeja, Lagos on November 17, 2016

MMM participants marking one year anniversary in Nigeria in Ikeja, Lagos on November 17, 2016

As subscribers await the resumption of operations of Mavrodi Moneybox Mondial (MMM) Nigeria in January 2017, the founder of the Ponzi scheme Sergey Mavrodi has accused the Nigerian press of deliberately “fueling hysteria around MMM and causing panic.”

The operators of the scheme in Nigeria said in a message sent to all subscribers on December 12 that all confirmed Mavros would be frozen for one month.

During the period – December 12 to January 12 – none of the participants would be able to ‘get help’ (withdraw funds deposited with the mandatory 30% interest). But they allowed to ‘provide help’ (deposit funds).

The scepticism and panic that followed the announcement were caused by the media, Mavrodi said.

He said, “I’m just astonished by your irresponsibility and cynical attitude. Interests of millions of people, your fellow citizens are at stake. Don’t you have any sympathy for them? Why are you fueling hysteria around MMM and provoking a panic? Why are you doing this so diligently and persistently, what is your purpose?”

He insisted that operations of the scheme would resume in January, noting that the “suspension of work for holidays” was not unusual. His claims contradicted the reason the Nigerian operators of MMM gave for freezing the confirmed Mavros for one month. They explained that the measure was put in place because “in the New Year season the System is experiencing heavy workload.”

But Mavrodi insisted all was well with MMM Nigeria and urged the press to desist from being biased against the scheme.

He said, “Again, leave MMM alone and let us work. Nothing has collapsed, and MMM will perfectly resume its work in January. We Can Change the World!”

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MMMSergey Mavrodi
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  • Jen

    Revolution : the time
    Coming soon

  • Chinedu Onyiliofor

    Guardian Newspaper has stooped so low! It so so easy to read your write up and see how completely ignorant of MMM. you are. Your choice of technical term is so poor. You confuse so many things because of your past experience so much so you cant understand what the future (MMM) really is. Your write up is so poor that it lacks vital facts of the MMM system.

    Who told you they deposited money in a bank? Who told you so! Where did you get that from! How misleading this really is! You are just the type that was warned about. Baseless and inaccurate reportage! I am so disappointed!

    ? Down with this write up. Cheap journalism. Find something inspiring and constructive to write and stop reducing yourself with cheap and misleading journalism.

  • collins abel

    MMM RUNS TO OUR NEIGHBORS “GHANA” FOR HELP!!! For more latest news on MMM visit