Is MMM Global a Scam? – The Truth Exposed!!!

MMM-mainName:  MMM Global
Website:  mmmglobal.org
Price: Minimum: $10
Type: Pyramid Scheme

Bare Naked Scam rating: 5 Thumbs Down

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MMM Global collapsed once. Before you think of joining this business opportunity that has collapsed, please read this article carefully!

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Is MMM Global a Scam? – The downright truth


My brother approached me one day and asked if he should join the MMM Global. He said that if he puts in money (a minimum of $10), he is promised a 100% return for contribution plus a 30% return every month. He also mentioned that his friend made a 200% return on the initial deposit.

My brother had the intention to “invest” $5,000 with them in hope to get high returns, since there was little risk, he said. As a scam exposer myself, I exercised a high level of skepticism upon hearing about this opportunity.

Upon digging more information on MMM Global, I was shocked to see that such program still exists in the modern world. MMM Global mirrors the idea of a Ponzi scheme with a little twist, unlike the traditional Ponzi scheme, MMM Global discloses how it is operated, and how it is not benefiting from the one who creates it.

Before I dive further into the details, I though you might want to know what a Ponzi scheme is:

So now you know there are winners and losers in a Ponzi scheme. Some people may share with you that they made tonnes of money with MMM Global, and some may tell you that it is a total scam. Generally, it is the “earliest batch” of “investors” who will make the money

One thing that I am certain of is that MMM Global is not an investment firm, rather it is more like a Cash Gifting racket. Think about it, if MMM Global does not invest the money elsewhere, how are they able to support the 30% return every month? Whatever money that is poured into the MMM Global system stays in the pool, and it does not grow.

The only way to grow it is if there are new “investors” pouring money into the system.

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Who came up with this “Brilliant” idea of MMM Global?


MMM has been existing for more than a decade, and it was founded by Sergey Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova in 1989. The name “MMM” was taken from the founders’ first initial of their surnames.

MMM-SergeySergey Mavrodi is known as a fraudster who cheated Billions of dollars from hard working Russian citizens, and was jailed for 4 and a half years. You may check out his history in the following articles:

I wonder how did MMM ever climb back into the public after all the scandals surrounding it, and I am really surprised that people are still singing praises for the program. The new MMM program started in 2011, and now it is bigger than ever. Instead of being localized in Russia, it has now grown globally with presence in India, Indonesia, Malaysia, China, Bangladesh, Philippines, Thailand and more. China has now issued warning to its citizens against joining the MMM Global:

Will MMM Global Crash?


Certainly! To my knowledge, there are 3 ways the system will crash. The first would be that every single member of MMM Global requests for a payout of their initial capital and plus the 30% interest. The second would be that no “New Investors” join the system, and lastly, if the government catches up to the system and forces it to be shut down.

Here’s how it works…


MMM-how-it-works

The MMM Global Overview

MMM Global works differently from a traditional Ponzi Scheme. MMM Global will not hold any cash in its system, the money will be transacted between the individuals in the MMM Global. MMM Global will only monitor the transactions. This is the main reason MMM Global is still alive because no legal framework is in place to tackle this loophole. If my prediction is correct, MMM global will still run for many years until there are no influx of new money.

Further my study of MMM Global shows that it has tackled the problem of “no influx of new money”. With the “MMM Extra” system, you will be able to get a 100% return per month if you perform certain tasks on a daily basis. Who wouldn’t want to participate in MMM Extra right (small effort, huge returns)?

There are two types of task, the online tasks and the offline tasks. The online tasks only take a few minutes a day to complete which includes re-posting of MMM video links on your personal Facebook Pages, recommending people to join MMM on other social network channels, posting MMM reviews on YouTube, etc. While the offline tasks will require you to spread MMM through the word of mouth to your friends and family.

The main aim is to have a constant flow of “New Money” into the system.

MMM-tasks

You have just seen the overview of how the MMM system works. Now let us understand how the MMM Global system works at the individual level.

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At the Individual Level…

When you join MMM Global, you will have two choices, to “Provide Help” or to “Get Help”. In order to “Get Help”, you have to first “Provide Help”.

To “Provide Help” you have to give a minimum of $10 to someone in MMM Global, in exchange, you will get a “Mavro”, which is the currency in MMM Global. This Mavro will grow in value each month, and when you are ready to cash out, you can click on the “Get Help” button.

Basically, the funds will not be remitted to you by MMM Global in one single payment, you will get tonnes of transactions from other MMM Global members, depending on the size of the funds. Sounds like a good deal that you get your money back with interest right?

So, if I understand the basic human instinct correctly, you will keep the initial investment amount, and be willing to “re-invest” your earnings to the system, since now there is no risk on your part. This is exactly what is happening in the MMM Global.

The losers are the ones that “Provide Help” at the beginning and are not able to “Get Help”, and the winners are the ones that have gone through the process over and over again.

Why are people still joining?


One word, “GREED“. I am sorry to say this, and I know many people may not agree with me. The fundamental purpose for anyone to join MMM Global is to make money. There is no way around it no matter how much you argue.

People are sucked into this program with the hope of making tonnes of money. It is even declared in the program that there is no guarantee that you will make money, and there is a possibility that you might lose all of it. But, because there are people who actually make money out of the system, everyone wants a piece of the pie.

There is no way of stopping it, and this is the reason MMM Global is still alive after all the scandals that happened a decade ago.

My Sincere Advice to You


Stop risking your money on such system. Though you might make money from it, but there is a possibility that you will lose it all. It is only a matter of time till the law catches on, or Sergey Mavrodi decides to close down the racket.

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Feel free to discuss MMM Global with me by leaving a comment below, otherwise, if you find my article helpful, please, help to share it with your friends and family by clicking on the social media buttons (Facebook, Twitter, Google Plus) below.

Your pal,

Jack

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About the Author

Jack is an experienced online marketer who would like to extend his help to whomever wants to learn more about building a successful online business. Connect with me on Facebook, Twitter, and Google Plus. Read more about Jack and BareNakedScam.com here...

Leave a Reply 31 comments

Jason - Reply

Wow! This MMM pyramid scheme is one of the worst that I have seen. I saw that they are on Wikipedia as one of the biggest Ponzi scheme, ever created.

http://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

I also agree with what you said about people joining simply because of greed.

I prefer to work diligently and honestly to earn my riches in life and not to do it in an unethical way.

Thanks for sharing this article about the MMM Global Jack. I will also share it out to Google+ so that more people will see what is taking place.

Best,
Jason

Samuel - Reply

I heard about his “MMM” Scheme from somewhere, I’m glad you brought it up! Nowadays, more and more people can coming up with these types of “schemes” and because pyramid schemes with no products to sell are illegal , they simply add a product or two so that they can disguise themselves as a MLM legitimate business.

carl - Reply

This is disgraceful and I hate this stuff. We have so many problems with gaining trust from our readers, we could really do without these people pushing this rubbish.

Shame on on all those involved in this scheme and those like this.

Thanks for writing this post, it need to be said!!

victor o. - Reply

Pls its a question. Is it possible u apply for help after
haven given help and not get it?

Centman - Reply

I understand everything you wrote here but you still didn’t say what is totally wrong about it except that there is a probability that you will lose all of your money. That is really not a problem to many people who want to make money. It is either you lose or you win. You didn’t say explicitly why this is a scam since you are aware that the money does not go into the system so Mavrodi does not take anybody’s money from what i read here, then what makes it a scam???
What i see here is that you only wrote this post to advertise your affiliate programs and all that at the end of the post…..kind of a way you source for traffic…..that is understandable though. But you have no reason discouraging anyone with what you wrote here. It lacks proof.

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