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You've been warned: Don't lose your entire investment on MMM Global…

by , 23 March 2016

My computer has developed an interesting virus…

Every now and then when I click on my browser while surfing the web a page opens asking me to invest my money for massive growth, 30% a month to be exact.

The page is that of MMM Global.

MMM Global is a ‘social financial network' as it terms itself…

I've written about the company before. But it seems like MMM's marketing efforts are paying off too well as I'll explain to you in a second. But be warned - putting your money into this scheme puts everything at risk. You will eventually end up penniless.

I was shocked to the core when I heard this

On 27 February 2016 I hosted my annual Penny Stock Bootcamp. After the event I had THREE investors come up to ask me about investing their money in MMM Global.

The first two were only considering it.

The third investor however had already invested money in the scheme.

R70,000 to be exact.

He asked me whether his cash was safe and I told him the truth: He was risking losing everything.
But, he said, “I’ve already made 30% from MMM Global”. I got my returns out.

My reply dear reader: “Just because something is a Ponzi or pyramid scheme does not mean you cannot make money from it.”

The truth is, many people make money from pyramid schemes. The early investors usually make massive returns.

But the fact is these schemes always go sour. Eventually they fall apart. And if you didn’t get out early you will be left empty handed.

MMM Global isn’t the innocent financial system it promises to be…

This is how they describe themselves:

“MMM is a mutual fund exchange network where people provide financial help directly to each other in automated Private Offices via the internet. You Provide Help to someone else (donate) then get rewarded with 30% every month on the amount you Provide Help with (donate). You then get an opportunity to Get Help (withdraw your funds) you have Provided Help. The Power of Giving lets you receive in 23 times more than you gave to others in a year!!!”

I’m not sure about you, but that makes absolutely no sense to me. People offer each other money but somehow you get 30% interest and your money can be multiplied “23 times”? Does that make any sense to you?
 
Here is the time for an old rule. If it seems too good to be true, then it certainly IS too good to be true. MMM Global shows all the signs of something ominous…

So what is MMM Global really?
 
MMM Global is a pyramid scheme.

What is a pyramid scheme you ask?

A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of “investors”.  The initial promoters recruit investors, who in turn recruit more investors, and so on. The scheme is called a "pyramid" because at each level, the number of investors increases. The small group of initial promotors at the top require a large base of later investors to support the scheme by providing profits to the earlier investors.

That’s exactly what MMM Global is.

The way it works is simple.

You join it. Then you ‘invest’ (or provide help as the MMM Global website terms it).

That means you give money to someone else.

Let’s say you provided R1,000.

Now, each month that R1,000 will grow by 30% until you ‘ask for help’.

Then other ‘investors’ in the scheme will eventually end up helping you by paying you back.

Where does the amazing 30% growth a month come from?

Well, from other investors paying it to you.

So simply put, when more people join it means more money in the pool. More money flows in.

But what happens if we’re all invested to the hilt in the scheme and there aren’t enough new ‘recruits’?

Well then we won’t get the promised growth. Because there’s no money to pay it from.

The money that some people receive is just coming from the money paid by later joiners. There are no profits at all, just money flowing from one victim to another and a crook running the whole operation somewhere. And there certainly is a crook here.

He’s done it before, now he’s trying to steal people’s money again!

Sergey Panteleevich Mavrodi is a convicted Russian criminal.

In 2007 Sergei Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110 million rubles.

Today he’s the man behind the infamous MMM Global scheme…

What a good choice of investment partner…

The fact is, this scheme shows all the signs illegal pyramid scheme and it is run by a convicted fraudster.

If you are part of it, you should ask yourself right now… “Do I want to be part of this?”

“Do I condone this kind of illegal, dishonest and unethical behaviour?”

And “Can I in my right mind recommend this scheme to another investor?”

I hope you get out of this scam soonest.
 
Here's to unleashing real wealth,


Francois Joubert
Investment Director, FSPInvest.co.za
 
 

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You've been warned: Don't lose your entire investment on MMM Global…
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