Popular money-doubling
scheme, MMM, has called on its participants whose accounts were frozen to begin
online publicity for the scheme ahead of its resumption date.
The scheme which has over
3 million Nigerians in its books placed a one-month ban on all withdrawals on
December 13, 2016.
The development, which
occurred a day after the Founder, Sergey Mavrod, said MMM had done a lot to
improve the welfare of Nigerians, sparked fears among many Nigerians that the
Ponzi scheme had crashed.
A letter displayed on the
page of the scheme cited “heavy workload on system” as the reason for the
suspension.
With the ban on the
accounts, members of the scheme who were due to withdraw both their capital and
30 per cent return on investment were told they would not be able to do so
until January 13.
As the resumption date is
only a few days ahead, the scheme has asked its 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 should 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”, the message read.
In the message, the scheme
also said that members who performed these tasks will be rewarded.
Nigerian agencies like the
anti-graft EFCC and the Central Bank have warned Nigerians against MMM and
other Ponzi schemes, saying they were fraudulent.
Source: Premiumtimesng.com
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