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Tag "MMM"

‘I almost died’ — Nigerians recall MMM horror tales three years after collapse

    ‘I almost died’ — Nigerians recall MMM horror tales three years after collapse

Time they say, heals all wounds but does not erase all scars. These indelible scars remain constant reminders of the past and serve either as inspiration or warning to avoid

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Nigerians fall for Loom — another ponzi scheme — despite losing billions to MMM

    Nigerians fall for Loom — another ponzi scheme — despite losing billions to MMM

Barely a few years after Mavrodi Mundial Moneybox (MMM), a popular ponzi scheme, crashed in Nigeria, “Loom”, a similar money-making scheme, is fast catching up among Nigerians. “Loom Money Nigeria”

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End of a famous ponzi scheme — MMM announces ‘irreversible’ closure

    End of a famous ponzi scheme — MMM announces ‘irreversible’ closure

The Mavrodi Mondial Movement (MMM) ponzi scheme has announced that it is shutting down — for good. The scheme said on its website that the closure is as a result

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‘Amadioha can kill someone in Moscow’ — reactions to death of MMM founder

    ‘Amadioha can kill someone in Moscow’ — reactions to death of MMM founder

Sergey Mavrodi, founder of the Mavrodi Mondial Movement (MMM) ponzi scheme, passed away on Monday. Mavrodi, 62, was reported to have died of a heart attack at a hospital in

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Heart attack kills Mavrodi, MMM founder

  Heart attack kills Mavrodi, MMM founder

Sergei Mavrodi, founder of the Mavrodi Mondial Movement (MMM) ponzi scheme, is dead. Mavrodi, 62, was reported to have died

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Again, MMM leaves Nigerians stranded, goes on ‘restart’ mode

  Again, MMM leaves Nigerians stranded, goes on ‘restart’ mode

Controversial Ponzi scheme MMM has announced a “restart”, leaving over three million Nigerians who participated in the scheme stranded. In a

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MMM returns, adopts new strategy to woo Nigerians

  MMM returns, adopts new strategy to woo Nigerians

Ponzi scheme, Mavrodi Mundial Moneybox (MMM), which collapsed months ago, has launched a weekly promotional stunt, aimed at wooing old

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Peace Corps is ‘419’… it’s just like MMM, says Akpabio

  Peace Corps is ‘419’… it’s just like MMM, says Akpabio

Godswill Akpabio, minority leader of the senate, on Tuesday compared Peace Corps of Nigeria to the Mavrodi Mondial Moneybox (MMM)

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Two MMM agents remanded in prison

  Two MMM agents remanded in prison

A Malumfashi chief magistrates’ court in Katsina state has ordered the remand of Debora Fojo and Musa Garba, two agents

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Three million Nigerians lost N18bn to MMM

  Three million Nigerians lost N18bn to MMM

The Nigerian Deposit Insurance Corporation (NDIC) on Wednesday said an estimated three million Nigerians invested N18 billion in the Mavrodi

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