Social media is currently awash with reports that top MMM Guider in Nigeria, Chuddy Ugorji, and his wife, Amaka, have fled to the Philippines following the imminent collapse of the Ponzi scheme. Several Nigerian news…
Ghana’s financial sector is currently struggling to recover from a major financial crisis involving Ponzi investment schemes. Millions of Ghanaians have been denied access to their savings after investing in microfinance companies. They had been…
Back in 2011, huge financial pyramid collapsed in Russia, leaving thousands of families penniless. This is no surprise – the man running it is the Russian Bernie Madoff – Sergey Mavrodi – an infamous criminal……
Irked by what he described as bad press against the wonder-bank, Mavrodi Mundial Movement, MMM, its founder, Sergey Mavrodi, has written an open letter to Nigerian journalists, “analysts” and all kinds of “experts” who according…
Also read Nigeria: How A Convicted Criminal, Sergey Mavrodi, Perfected His Ponzi Scheme on Russians The Mavrodi, Melnikova, Mavrodi (MMM) international scam known in Nigeria as the Mavrodi Mondial Moneybox, has from all intents and…
Also read Nigeria: How A Convicted Criminal, Sergey Mavrodi, Perfected His Ponzi Scheme on Russians Hours before it suspended further payments to subscribers, promoters of shadowy pyramid deposit money scheme, MMM, warned Nigerians not to…