In Nigeria, a lot has happened within the last few months especially in the life of its citizens who are always looking for ways to make quick money. This drive for quick money became stronger as the tough recession hit the nation under the leadership of President Muhammad Buhari and as a result, citizens are left with no choice but to venture into anything that would fetch them some extra cash.
МММ global whose full meaning is Mavrodi Mondial Movement/Moneybox 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 original MMM was set up by Sergey Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova in 1989. The name of the company was taken from the first letters of the three founders’ surnames.It morphed into a Ponzi scheme around 1994, primarily based out of Russia which resulted in Mavrodi, a former Russian parliamentarian, being jailed for fraud for running it.
The current MMM Bitcoin version emerged in around 2011 following Mavrodi’s release from prison, and follows the same Ponzi structure as the original.
MMM is however still active and kicking but the truth is that it is a ponzi Scheme and Ponzi it remain Ponzi.
On this post, i am going to make a list of 12 currently active ponzi schemes enjoyed by Nigerian and i am also going to share the link to each and everyone of the listed schemes.
The thing is, These schemes are quite helpful for participants especially those that are lucky enough to join while the system is still new and fresh. Just imagine a system where you get 10 times your investment after a few days. That is surely a very nice cash for some groceries.