MMM stands for Mavrodi Mondial Moneybox
This is made up of about 50,000 MMM investors. It came crashing as inventors started commiting suicide as they couldn’t cope with the huge loss of money.
MMM is one of the biggest Ponzi schemes in the 1990s.It resulted that thousands of people lost up to $10 billion dollars.
Sergey Panteleevich Mavrodi is the man behind it the creator and official face of MMM he is also a Russian criminal and a former deputy of the State Duma.
MMM takes pleasure in the success of a invisible enterprise gotten from the returns to the first set of investors from money invested by later investors.
Here is how it works....Investors are given certain amount of the money they put in after some days and pay older investors with the money from newer investors.
MMM crashed in South Africa May 2016 they claimed that it was a media panic and said it was ‘starting all over’.
MMM landed in Nigeria January 2016 and it’s gradually gaining investors not withstanding the shady background .
MMM pays but it doesn't last. Central Bank of Nigeria has warned Nigerians not to invest in it but a lot of people say MMM is legit and it pays.
In your convenient time check the meaning of the word ‘Mavro’ used in MMM? , Mavro is a black person or a stupid ghetto person who exudes black-like qualities. Mavro is of Greek origin, and many Greeks use the word as a derogatory to label inept, black, and/or ugly dark people.