Just a few days, after they declared a one-month freeze in Nigeria, operators of the ponzi scheme, Mavrodi Mondial Moneybox, otherwise known as ‘MMM’, have moved their failed business model to Kenya.
The website http://kenya-mmm.net, carried the following announcement: “YES, IT IS POSSIBLE TO EARN 40% PER MONTH HERE, BUT THIS IS NOT A HYIP! “This is a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid. This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world’s unjust financial system. Financial Apocalypse! Before you join, be sure to get acquainted with our Ideology!”
Before Nigeria, MMM had taken its message to African countries like South Africa and Zimbabwe. Earlier this year, South Africans who take part in MMM, had their accounts frozen and up till now, it has remained that way.
Anonymous leaders of the South African wing, blamed “media panic” for the reboot on April 30. MMM SA told members: “We have to declare a restart and start all over again. We have no choice.”
MMM was founded by former Russian politician, Sergey Mavrodi, who went on the run when the original MMM collapsed in the late 1990s, with investors losing an estimated $100m. From Russia to USA, to Zimbabwe, South Africa, Nigeria - MMM has in the end always left most of her members in tears and regret. Kenyans need to learn and get some wisdom!
To read our earlier MMM article , please click here