Opinion: How Greedy MMM Nigeria Money Gamblers, Mavrodians Crashed The System
Seven key ways in which greedy people crashed MMM Nigeria system, An Opinion article by Oglala.
1. There’s no central account. This implies that
the so called Mavros are simply electronic money.
Everyone waiting to get help had provided help
which they paid directly to other people in the
past. They themselves argue that there’s no
central account. If there’s indeed no central
account where is their matured mavro? In the
cloud?
2. I believe the system calculated that the get
help overwhelmed the provide help. This
overload may have happened a month ago and
the system had no option than to shut down.
3. Unless new entrants provide enormous help in
January, there’s no way the get help group can
recoup their money and that happening is very
unlikely. The only way out is for the scheme to ask
those whose monies are trapped to provide help
again. That’s akin to what happened in South Africa
and Zimbabwe and we well know where they are
now.
4. The outrageous bonuses drained the system of
money that would’ve been used to settle new
entrants. But the organizers knew all along that it’s a
scam so they built a long system of bonuses and
cashed out. If the system was simply to help each
other why the big bonuses?
5. It’s very likely that there’s a group who don’t
provide help but get help multiple times. Who can
check except the site admin who will always include
his cronies when matching for payment comes up.
Why will they do this? Because they know it’s gonna
crash.
6. When Mavrodians started showing off their ‘wealth’
I knew the end was near. All that show off was to get
new entrants but they miscalculated the number of
gullible people in Nigeria. Once the limit of people
who want to reap where they didn’t sow was reached,
the scheme had to crash.
7. That letter to the government was the clincher. If
mmm doesn’t return in January all the blame will go
to the government and the media. That has always
been the scape goat in every country that mmm
failed.
I loathe everything gambling. Even breweries that
give millions of free drinks during promos are simply
getting rid of expired stock.
Telecom companies will give you 1000 percent return
on your recharge but will bill the hell out of you
during calls. Nothing in the world is cheap or free.