What Exactly Is “Triple M” or “MMM” And How Does It Work?
Some people call it the safe and convenient way of making money online. The platform is called “Triple M” or “MMM”
MMM is an innovative platform designed to eradicate financial bondage and allow its participants to enjoy FINANCIAL FREEDOM. This is neither a scam nor anything like that. It is a mutual aid platform where people with like minds come to help each other. you Provide help with any amount of your choice, the minimum amount is ten thousand naira only (#10,000) and you are free to withdraw from the moment your deposit is confirmed by the recipient. and you can withdraw any amount of your choice
HOW IT WORKS:
Here you can donate any amount of your choice and watch your money grow by 30% monthly (30days from the day you pay in)
that is, if i deposit #100,000 i will have #130,000 after a month (30 days)
MMM pays into your local bank account or your bitcoin wallet (Optional)
You also get a 10% referral bonus whenever anyone who registered under you (Your Downline) provides help in the system. So if your downline registers and donates #100,000 then instantly, #10,000 is credited to your own account.
There are lots of other benefits of participating in MMM which you might find attractive. so feel free to post your answers below as to what you think is MMM.
I will direct you and answer any questions you may have about MMM. thank you.
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All “MMM is a scam, from the word go – History do repeat itself!
MMM cannot sustain paying out more than what is invested. Affiliate investment is the only source of revenue, So eventfully any MMM scheme will ultimately collapse., They’ll continue to pay ROIs (return on investments) until withdrawals exceed the rate of new investment, and then run out of money all the same.
One only needs to look at the collapse of MMM China for evidence of what’s to come . Unfortunately for most MMM investors, the collapse is the end of the line. MMM follows a classic pyramid structure,” The participants derive their income or returns primarily for the recruitment of new members. In other words, the returns are not based on investments or the selling of any product, but on money paid by new people joining. The philosophy is that you offer assistance by paying a joining fee.
How to identify a pyramid scheme
You as an investor must learn to recognise the warning signs that a company is promising the impossible. “As the saying goes, if it sounds too good to be true, then it probably is,” – be vigilant
The online world particularly has enabled a potentially devastating unregulated digital pyramid scheme market to flourish, demonstrated by the recent collapse of the Republic of Bitcoin arm of MMM Global and MMM China..
“In seductively and flashy worded websites, a lack of control and regulation and the risk of losing everything are presented in a way that seems inconsequential and liberating – even when there are warnings to only invest ‘spare’ cash,”
“While the honeymoon last, members are paid returns on their funds. In reality, very few investments were actually made by any scheme and do they usually inflate returns. Investors eventually losing everything,
Always ask these questions:
Before entering into an investment, or making an ‘online donation’ with the hope of high returns, ask the following questions:
1. How are returns generated? Legitimate investment schemes are transparent. You should be able to understand the scheme’s underlying assets. Even when derivative structures are used, you should be given enough information to understand your risks and potential returns.
2. How aggressively are you being pursued to join? Legitimate investment schemes generate returns from invested assets, where fraudulent schemes rely heavily on funds from new members to pay existing members.
3. How do returns compare with other similar products? If returns are unusually high, be very cautious.
4. How is the scheme regulated and audited? Regulators and auditors are not foolproof, but the lack of a solid regulatory structure means that no one can hold your scheme accountable for its practices or returns.
If you are not comfortable with any of the answers to your question, you should rather walk away from the scheme.
“This is your hard-earned money, so treat it with care. Do your research and do not simply choose to believe what people promoting a scheme and their website tell you.”
I allowed it so that people can critique it. To use it as opportunity to educate income opportunity seekers what the scheme truly is. This post also was posted with links but was never allowed.
I have allowed other similar fraudulent posts such as this Invitation to Join the Illuminati, and this Bogus Loan Testimony. Checkout the posts and see how we turned them into better information, providing warnings to our users through the discussions therein.
If you don’t know how things work here, I think it would be important to give yourself enough time to truly understand how we do things here.
МММ was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
MMM is a terrible fraudulent scheme that is bound to fail. It failed in Russia and other parts of the world. Now they have found Nigeria another fools paradise with gullible people ready to fall for anything for the sake of immediate gain.