In spite of the cloud of doubts surrounding its operations in Nigeria, the promoters of Mavrodi Moneybox Mundial, MMM, a Russian Ponzi scheme that promises 30% interest on seed funds say the scheme would resume on January 14 as promised.
“Everyone expecting to see a stronger and more sustainable community from 14th January,” MMM Nigeria tweeted on Wednesday, January 4, 2016.
While critics believed the scheme was gone for good, participants and promoters said their belief in the system was unwavering. New rules for participants are expected to come into effect on January 14 to ensure its sustainability, the promoters explained.
“New model will address the issues of fake proof of payment and non-confirmation of order by recipients,” said MMM Nigeria.
“On the issue of fighting multiple accounts, the use of BVN was suggested which was unanimously rejected. Head of CRO, Mr Andrew, attested that BVN can only be verified by Nigerian banks, so there is no way support can verify BVN.
Meanwhile, MMM promoters have called on participants to begin online publicity of the scheme ahead of its resumption.
The scheme which has in its talons more than three million Nigerians on its website asked participants, whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.”
MMM in a message to subscribers said the tasks, which would be done both online and offline, is expected to promote the scheme and drive “traffic and participation” by the time the handlers lift the freeze on January 13, 2017.
“Being an MMM member implies not only opportunities, but also a responsibility for the state and development of the MMM Community. MMM is our home, and we are responsible to build and refine it.
“A lot of participants genuinely want to promote MMM, spread its ideology amongst people, though not always knowing what exactly has to be done. Therefore we have created a new promo tasks section in the PO, which is added with various tasks: online and offline, easy and complicated, individual and team-oriented.
“A member who will perform these tasks will be benefited, because the tasks will allow him to attract new referrals, build his structure (and get bonuses for that), and it will be useful the whole Community, because more people will learn about MMM and its ideology.”
The message furthered that a “task may guide a member to join a Facebook group and write a comment to create some tweets on Twitter, like a YouTube video, share news on Google Plus, and make your website.