As part of our effort to make people live above depression and frustration, though It's no more news that on December 12, Operators of MMM in Nigeria folded up yet we think Nigerians who were involved in the business need to know some certain things
Here are five reasons why MMM may not come back
1. 5 There's no central account. This implies that the so called Mavros are simply electronic money. Everyone waiting to get help had provided help which they paid directly to other people in the past. They themselves argue that there's no central account. If there's indeed no central account where is their matured mavro? In the cloud?
2. I believe the system calculated that the get help overwhelmed the provide help. This overload may have happened a month ago and the system had no option than to shut down.
3. Unless new entrants provide enormous help in January, there's no way the get help group can recoup their money and that happening is very unlikely. The only way out is for the scheme to ask those whose monies are trapped to provide help again. That's akin to what happened in South Africa and Zimbabwe and we well know where they are now.
4. The outrageous bonuses drained the system of money that would've been used to settle new entrants. But the organizers knew all along that it's a scam so they built a long system of bonuses and cashed out. If the system was simply to help each other why the big bonuses?
5. It's very likely that there's a group who don't provide help but get help multiple times. Who can check except the site admin who will always include his cronies when matching for payment comes up. Why will they do this? Because they know it's gonna crash.