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MMM Promoters are wicked – Aba Residents Cry out

by on December 15, 2016
 

Outrage continued to pour in yesterday from participants of the Mavrodi Mondial Moneybox (MMM) Ponzi scheme, in Umuahia, Abia State capital following the suspension of their ac­counts by the operators of the scheme.

Residents of Umuahia have invested heavily in the ‘money doubling scheme’ as they see it as a miraculous means of cushioning the ef­fect of the biting economic recession.

There is panic among residents as the participants count their losses should the scheme eventually collapse.

Our correspondent gath­ered that a certain man who was given N2 million by his brother living abroad for the renovation of their fam­ily house at the World Bank Housing estate in Umuahia invested the entire sum in MMM.

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The investment, accord­ing to report is to mature by the end of December but the temporary closure of the accounts of participants has raised suspicion that the money may have been lost.

One of the victims, a journalist who pleaded for anonymity said the promot­ers of the scheme are wicked to have suspended the ac­counts of participants “at this time of the year”.

According to him, a lot of people who invested in the scheme have targeted to get their claims for Christmas expenses.

He argued that the pro­moters should have been humane enough to at least pay half of the claims in­stead of unilaterally sus­pending operations without any pre- notice to partici­pants.

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“If they have financial problem they should have given investors half pay­ment instead of just closing down peoples’ accounts.

“I had targeted to make my claims for Christmas ex­penses. I invested N100,000 before and got N145,000. So, I did for my mother in-law, my three children and my wife did for my sister- in-law. I invested heavily in the scheme.

“This people are not sin­cere; they are not consider­ate. How can they just wake up and close peoples’ ac­counts without warning? A lot of people have targeted to use the money for Christ­mas exigencies.

“I have a project for this Christmas. I invested N100,000 which should mature by December 15 but now everything is gone,” he lamented.

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Another female journal­ist who said she invested over N300,000 was too shocked to express her feel­ing about the development.

She just prayed that the scheme would be revived by January as they had prom­ised, swearing to keep her distance from the scheme as soon as she collects her outstanding claims.

 

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  • DANIEL
    December 15, 2016 at 6:04 pm

    THE SAME WAY YOU TARGETED TO GET HELP IN DECEMBER,WAS THE SAME OTHERS DID,SO WHO WILL PAY YOU,WHEN YOU ALREADY KNEW THAT THE SYSTEM IS A PEER TO PEER DONATION PLATFORM. GREEDINESS GO KILL ALL OF UNA.

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  • DANIEL
    December 15, 2016 at 6:07 pm

    I PROMISE YOU,WITH THIS YOUR MINDSET OF COLLECTING TO NEVER PARTAKE AGAIN,YOU WILL NEVER GET YOUR MONEY BACK. I AM PISSED OFF WITH SOME OF THE PARTICIPANTS,THE PLATFORM IS A GIVING ONE,THEN WHY ARE YOU COMPLAINING,WHEN YOU WERE TOLD TO PARTICIPATE WITH SPARE MONEY. SHEGE

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