Today I am investigating a program per request. Lester, a visitor of this site asked for information on the company named Mavrodi Mondial Movement Global. I did my research and the news I am bringing are not very exciting.
MMM Global – Mavrodi’s Scheme Running from the Past
The Russian company MMM started out back in 1989. On Wikipedia’a article is mentioned as one of the world’s largest Ponzi schemes of all time, with numbers indicating that 5 up to 40 million of people lost deposits up to $10 billion.
Sergei and his brother Vyacheslav Mavrodi, with Olga Melnikova on their side founded MMM. Initially the company imported computers and office equipment. In January 1992 the tax police accused MMM of tax evasion leading to the collapse of MMM-bank.
Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful
MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi’s initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export.
MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign.
At its peak the company was taking in more than 100 billion Rubles (about 50 million USD) each day from the sale of its shares to the public
On July 22, 1994, the police closed the offices of MMM for tax evasion
In October 1995, the Duma cancelled Mavrodi’s right to immunity as a deputy. In 1996, he tried to run for Russia’s presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997
Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him
At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007
The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies
In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a “30% per month” return through a social financial network
In November 2015, MMM launched a website targeting the Nigerian audience, also claiming a “30% per month” return including other acquirable bonuses
On July 2015. MMM East Africa, launched subsidiary “MMM Global Zimbabwe” targeting the Zimbabwe population. MMM offered it’s participants “30% per month” return on all investments
In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid / Ponzi scheme, and it is not registered in the country (and as a fraudulent scheme cannot be registered)
“That information alone should be enough for people to avoid any company operated by the Mavrodi’s fraudsters.”…It is very clear that Mavrodi understands the financial world much differently than all the rest of humans.
MMMGlobal.org
Things are getting funny when you arrive on that weird homepage. But I was not expecting to find anything of value, to be honest.
On the left down side we watch Mavrodi’s photo, a man to trust our money.
ATTENTION Mavrodi says…Yes it is possible to earn 100% per month. Here but this is not a HYIP. Simply it is a community of ordinary people, selflessly helping each other.
Global fund of mutual aid…oh yeah, that one
An escape to the modern world of greed and hard cash….I know Mavrodi, that is why you have ripped off so many people already.
Our goal is to destroy the world’s unjust financial system….I believe you, Mavrodi, let me pass up all my belongings, my new financial God
The Financial Apocalypse…!!!…before you join be sure to be acquainted with our Ideology…
As we can see, we deal with a weak mind, a damaged and suffering soul that is targeting victims around the world in the name of High Returns….I know, it is so tempting waiting to get rich by doing nothing at all…
But I will have to disappoint you here. If you want it, you have to work for it. Do not think that Mavrodi is enjoying the money he scammed out. No, he knows he is lost.
The MMM Program
Warning on the about page
MMM is not a bank, MMM does not collect your money, MMM is not an online business, HYIP, investment or MLM program. MMM is a community where people help each other. MMM gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE. All transferred funds to another participant are your help given by your own good will to another one, absolutely gratis. If you are completely confident and certain in your actions and make your mind to participate, we kindly ask you to study carefully all warnings and instructions first. In cases of any matter regarding the topic Our online consultants are ready to help and answer all of your questions.
I can create a thousand fraudulent companies and I can always ensure all of them include documents to cover my real intentions. Do not get fooled by that kind of fine prints.
How does it work
MMM participants give help by transferring money to each other directly.
The definition of a cash gifting scheme
Someone asks for help, someone can help and he / she does so. This is the modern “ideal” financial model for Mr Mavrodi and his team.
Members at their Back Office can buy or sell Mavro, create the letters of happiness, complete extra tasks, register newcomers, get in contact with their upline / support team.
Mavro is a conventional unit for measurement of provided help to other participants in MMM
The maximum amount of a contribution is limited to 10,000 USD per participant.
MMM-Extra
Get up to 100% per month. Spend 5 – 15 minutes per day to make your mavro grow at the rate of 20% – 100%. You can only perform 1 task daily getting 2,66% growth on your mavro’s. If you do not complete any task your mavro will grow at 20% monthly.
Tasks include Likes on YouTube videos, join facebook groups, share news on G+, create Pinterest groups
…tasks for multi millionaires I guess. I did not know that by liking a You-Tube video my income could grow that fast.
Not bad Mr Mavrodi…who has invented a new money system already under his name’s shrink
Referral Bonus
You get 10% from all deposits of the participants you invited. Inviting new members into the Community is your additional contribution to its development….
I know Mr MMM, to keep the cash flow
MLM Pay – Plan
Guiders of MMM Community can create their own multi-level structures and get a bonus from each donation of every participant in their structures. This is a multi-level bonus, thus a guider can have his own leader whose rank is higher. Guider’s bonus depends on his level in the Community
Video Letter Bonus
After receiving help you have to send a “Letter of happiness”. If you attach a video to it, you will get a bonus
Bitcoin system
If you transfer money (provide help) via the Bitcoin system (not a bank), you will receive a 3% bonus of the transferred amount.
So, the MMM Global created in order to steal bitcoins from people around the world. And this is on purpose of course, as with Bitcoins it is extremely difficult for regulatory agencies to uncover the whole truth.
Let’s hope the cryptocurrency community will take action and won’t allow MMM Global to expand.
Final Words
Despite being a criminal Mavrodi and his team continue to trap masses of people around the globe. Their latest targets invade Africa and Asia.
The propaganda created on the official website shows the real intentions of their owners. Attracting investments like magnets with their high return promises hypnotise newbies to deposit their hard earned cash. In bitcoins this time….
…Mr Mavrodi and friends have already created unlimited accounts into the Mavro own eco-system even before the company went live online back in 2014.
Have in mind that when you deposit your money you lose any authority. It is money belong to someone else and the only thing you can do is wait for someone else to donate money to you.
Can you really imagine how many of those initial deposits go to Mavrodi and team?…ALL
Cash gifting schemes make profit only for the owners that hold multi top positions receiving the vast majority of funds. On the other hand mass recruited affiliates watch themselves lose investments in a fraudulent way, waiting for the ROIs.
Companies that can offer real revenue sharing profits are only those that distribute valuable products for retail customers. MMM Global has nothing to offer than words, promises and a sauce of financial propaganda.
With such a fraudulent history we should not be even talking right now. Stay away from anything that has to do with MMM Global. It is going to be another crime to remember.
How to Make Money Online
Don’t wait to get rich just by investing in a company in order to receive high ROIs. Companies that seek for people’s money right away are not created with good or ethical intentions in mind.
If you want to make money online, you need a website and you have to work for it. Just like the offline traditional world. No pain – no gain. Sorry.
Top Places to Get Affiliate Marketing Help
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That’s it , another review has finished, here on Web Market Support. Thanks again to Lester for his contribution. I am waiting for your comments and thoughts,. Till next time, your online partner.
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