There are
indications that the final crash of Mavrodi Mondial Moneybox, a ponzi scheme
popularly known as MMM, may be nearer than expected as more intending help
providers (Provide Help) continue to renege on their promises to pay help
seekers (Get Help).
Promoters of the scheme
had re-awakened the interest of many subscribers when it announced the return
of the scheme on Friday, January 13, a day earlier than the expected return
date given, but the euphoria that greeted the unfreezing of the scheme was
short lived following the inability of members to get paid.
While announcing its
return penultimate Friday, operators of the scheme had announced that the
scheme would attend to small investors first while subscribers with bigger financial
commitments would have to wait a bit longer.
This was, however, not to be as the
applications of those who signified interest in getting help (GH) were
cancelled while intending help providers (PH) were put on hold. Promoters of
the scheme had attributed the delay to upgrade of the system.
However, when some help
seekers (GH) were eventually matched with intending help providers (PH) on
Friday, findings by Sunday Sun showed that a good number of intending
help providers reneged on their promises to pay.
Some mavrodians, who spoke to our
correspondent, blamed the failure of help providers to fulfill their promises
on the growing uncertainties surrounding the scheme. A subscriber, who
simply identified himself as Michael, said he refused to pay the help seeker he
was matched with because he no longer believed in the scheme. “I was paired to
PH but I declined because I am not sure if I will ever get my money back. Some
people I know to have been paired have also declined to pay. The way things are
unfolding, the scheme cannot survive this week,” he said.
-Sun News
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