One of world’s leading Ponzi schemes, Mavrodi Mundial Movement, Otherwise known as MMM, has announced suspension in its operations, leaving its participants in panic.
In a circular sent out to all of its Nigerian participants on December 12, MMM announced that it had frozen all moneys invested in the scheme for the next one month.
This implies that 3 million Nigerians who may have invested their hard earned money in the scheme will not be getting their money back until, perhaps, January 2017.
THE CIRCULAR READ:
“As usual, in the New Year season the System is experiencing heavy workload.
“Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.
“The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. It is better to avoid taking risk. (Moreover, there are almost three weeks left to the New Year.)
“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.
“The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do).
“We hope for your understanding!