The Steps to Join MMM in South Africa
Is MMM South Africa still active?
After countries like South Africa and Nigeria attempted to shut them down in 2016, MMM paused their operations, only to return at the beginning of 2017 with a new marketing focus: Bitcoin. Today MMM offers bonuses and higher interest rates for contributions made in the cryptocurrency.
What countries use MMM?
Contents
- 1 South Africa.
- 2 Nigeria.
- 3 Zimbabwe.
- 4 China.
- 5 Ghana.
- 6 Kenya.
- 7 Brazil.
- 8 Other countries.
What is MMM pyramid?
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 10 million people lost their savings.
Who is the CEO of MMM?
He was the founder of the МММ, a scheme that defrauded millions of people around the globe. In 2007 Sergei Mavrodi was convicted in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).
Is MMM Ponzi or Fraud?
Yes, MMM is a Ponzi scheme. The online Ponzi scheme that collapsed in South Africa and Nigeria in 2016, is attempting to reboot its scheme by offering a Bitcoin-based currency to all users around the world. When the Ponzi scheme reaches its natural pyramid threshold, MMM simply freezes or resets the pay-out system until new users are added or people start providing money again. That makes this scam very hard to ever shut down completely.
