MMM

A finance question posed by a financial analyst simply identified as Kalu Aja has spurred many Nigerians to share their heartbreaking experiences with various Ponzi schemes. Ponzi scheme is a form of fraud that lures investors with…

News broke out this morning on the death of the founder of the popular Ponzi scheme, MMM Sergei Mavrodi. Nigerians have however reacted to the news on twitter and according to a user, the founder deserved what he got. Mavrodi reportedly…

Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the 62-year-old was rushed to the…

Pastor Ernest Chigozie Mbanefo, the alleged brain behind MMM in Nigeria has opened up and responded to claims that he owns MMM PONZI scheme. In a statement on his blog, he denies ownership of the scheme but admits owning the Nigerian…

LMAO!!!

About a month ago, top MMM guider Chuddy married his wife Chiamaka in a widely publicized affair. MDB blogged it HERE,. Now, Chuddy's very 'dutiful' wife has taken to Facebook to react to MMM freezing users' accounts yesterday and…

While the Central Bank Of Nigeria described it as a ponzi scheme, the founder of Omega Fire Ministries International (OFM), Apostle Johnson Suleman, has said the scheme is not of God. ... He further said MMM is satanic ... The…

A Nigerian, who styled himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria. Online sources say Mbanefo is based in South Africa. Nigerian Communications Week said Mbanefo…

This MMM scheme sha. Me I'm still skeptical o. Anyway, Read more about MMM here.