HOPE FOR MMM MEMBERS?

Nigerians woke up Tuesday to the news that MMM, a Ponzi scheme, has crashed with an estimated 3.3 Million members monies in it.

However, according to a news on the website, the scheme has not crashed and is very much working.
It says that they had to put a hold on the payouts due to the festive season and the pressure mounted on them by the press.

Read the message below:

Dear members!

As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media. The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.)

Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month.

The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))

We hope for your understanding,
Administration.

This came in after the creator of the Ponzi scheme, Mavrodi wrote an open letter to the government, saying the scheme is not a scam and that it is very much working.

However, people called guiders on the site has advised members to calm down and just hold on for 30 days. They even went further to say that the monies might even be released before the 30 days is complete but it will be done in batches.

And just so you know, i am also a member of the scheme. But i have learnt to play safe when investing, i participated with money i could afford to lose but i have my doubts on whether it will open or not.

All i can say is, members should calm down and wait before judging if it has crashed or not.