• 71

Ponzi Is Evil

The topic has been on my mind for a long time, Ponzi? A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors (Wikipedia). 

I can't differentiate Ponzi schemes from Internet frauds (yahoo yahoo) because they are scam. 

MMM was the lead back in 2016 till 2017 in Nigeria, that was when some I there Nigerians created their own platform and ask people to bring others and earn referrals. 

MMM was founded by one Russian Software engineer and programmer. He is also mathematician "Sergey Mavrodi". I guess he had good intention but in Nigeria, it has destroyed many lives

Ponzi scheme is evil in so many ways, why asking people to bring others for their own benefit, that is why you will not see anyone doing/Operating / helping people to do MMM lament about it's collapse. 

The Fed on people's money through referral bonus and guider's bonus. Bonus that is not coming from investment but hard earned money of a poor citizen. 

MMM collapsed and the founder died, some people died too, some rich people became poor and some poor became rich. Does that make sense 

Ponzi is not the way, I heard a lot of people doing loom and even this same MMM that wreck millions of people two years ago. 

Wake up, once bitten twice shy. 

Replies (28)