MMM Scam or Real (FULL Detials)

So what is the MMM Bitcoin scam, which often goes by the name of MMM Global and regional variations such as MMM Nigeria?
MMM Scam or Real (FULL Detials)
Here’s everything you need to know about the MMM Bitcoin scam.

What is MMM Global

The original MMM was set up by Sergey Mavrodi in 1989 and morphed into a Ponzi scheme in around 1994, primarily based out of Russia.
That original version of MMM resulted in Mavrodi, a former Russian parliamentarian, being jailed for fraud for running it.
The current MMM Bitcoin version emerged in around 2011 following Mavrodi’s release from prison, and follows the same Ponzi structure as the original.

What is a Ponzi scheme

A Ponzi scheme is an illegal investment scheme where the person or organization running it pays returns to existing investors from capital paid into it by new investors, rather than profit actually earned by the company itself.
Like the normal local contribution made by in Nigerian women marketers, where a particular person get pay from other contribution when it reaches his/her turn.
Ask your MUMMIES? they know what am talking about here. 
Further more, typically companies running such schemes offer higher than usual profits.
Variations include the High Yield Investment Program (HYIP) which MMM Global falls under, in that it offers particularly high (even for Ponzi scheme) returns, or as the name suggests, a high yield.

What is MMM offering

MMM Global/Nigeria likes to cloak what it’s offering by saying that it’s not a HYIP scheme, but a “mutual-aid program” where members pay each other … which is really just a fancy way of saying they’re a Ponzi scheme without actually saying so outright.
The MMM scam’s mutual-aid program promises a 30 percent monthly return to investors who invest as little as $10, payable only by Bitcoin.
A side program call “MMM Extra” offers a full-blown HYIP rate of a staggering 100 percent per month, or a cumulative 409,600 percent per year; if that doesn’t ring alarm bells you probably deserve at this point to lose your money to them.

MMM MLM & Affiliate programs

MMM Global/Nigeria isn’t simply just your based level Ponzi scheme, at least in its current incarnation, in that it offers both an affiliate scheme and multi-level marketing (MLM) scheme on top of the base offering.
MMM Global SCAM Or Real Full Details
MMM Global
An affiliate scheme is one where you obtain a “referral” bonus (usually a percentage or set amount) for doing certain things, and is a completely legitimate way to make money, at least when it’s not referring people to something that is illegal to begin with, and was popularized online by, Inc.
With MMM, those who sign up are able to obtain affiliate payments for referrals or for posting positive testimonials online, with users receiving 10 percent from what the company refers to as “all donations of the participants you invited.”
A multi-level marketing scheme is a system where a sales force is given a commission not only for sales they generate directly, but a cut of the salespeople they have recruited make as well; while an MLM in and of itself is not illegal (Amway is the most famous MLM of them all) many MLM’s end up being illegal as they rely more on the revenues passed along via the “downline” (the path from original recruiter down multiple levels as people they have signed up sign up others, and so forth, often as far as 10 levels deep) than they do the original product they were allegedly trying to sell.
The MMM MLM involves power users becoming managers who create their own multi-level multi-level structure that offer tiered bonuses from all contributions of the members of their structures, which in this case is their downline.

Is MMM Global/Nigria legal?

MMM claims among other things that it’s not a high-yield investment program (HYIP), and that it is legal, because it is a mutual benefit fund that sees people “help each other for free, and absolutely consciously … transfer money directly to each other, from one bank account to another, without any conditions, guarantees and promises.”
This is complete and utter rubbish.
Ultimately the test of any of these sorts of things is whether the company involved is actually offering a product, or simply relying on payments from new investors to fund the returns of existing investors, and that’s exactly what MMM Global does.
A Ponzi scheme is most definitely illegal in all Western jurisdictions, and in countries like China is classified as an unlicensed investment organization, which also makes it illegal.

If I invest in MMM, will I get into trouble?

The obvious answer is not to invest in a scam like MMM Global to begin with, but lets just say you do, or already have.
There’s no clear answer here as it depends on the country you live in; ultimately authorities are primarily going to be interested in those running the scheme versus those sucked into it as investors (potentially victims).
However, there is usually a distinct line between those who join, and those who actively recruit.
Warning Agents:If you are recruiting people to MMM Global/Nigeria or any of its similar country based variants, you are promoting an illegal activity and you may well be liable to prosecution.
There would be no difference in mainland Nigeria, or indeed any western country, should you be involved at this level.

I’ve invested in MMM but can’t get my money out, what do I do?

If you’ve already invested not knowing what you were getting yourself into, the bad news is that it’s highly unlikely you’ll ever get your money back.
However that doesn’t mean that you can’t do anything.
Report the scam to local authorities, that may mean local or State police, or even Federal Organizations ranging from the Nigeria Police, through to securities bodies such as the Securities and Exchange Commission (EFCC) in the Nigeria.
You may have lost your money by investing in MMM Global, but that doesn’t mean you can’t help stop others getting caught up in the scam and assist in putting the people running it behind bars, where they deserve to belong.

The fact that others are earning from this scheme does not guarantee it will stand the test of time or when you invest.  

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