Complaints from victims of Chinese MMMGlobal

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: mr angry on January 23, 2016, 07:55:30 PM

Read the comments in one of the MMM Facebook pages and you will find references to tasks the members have to perform each week to get their full interest payout. I guess those tasks include spamming forums with positive comments about MMM, denying there are any problems, and arguing with anyone who makes any negative comments about MMM. That post by icaruz was probably one of his weekly tasks.

Yeah, and don't forget the obligatory "Letters Of Happiness", if you don't write one then you are in danger of getting dropped out of the loop.
Google it for templates.

It's MMMGlobal (the bitcoin only version) with EXTRA that is more demanding with its socmed tasks which need completing to qualify for the 100% per month.
http://mmmindia.in/news/get_up_to_100_per_month_in_mmm_extra-4437.html

It's basically a Hype Hit Squad, which is mobilized to flood new markets

Quote

In the framework of the program MMM Extra an enormous tasks base and regulating mechanism have been elaborated in order to show certain tasks to the certain participants. At the start, the model will be approved in the Bitcoin Republic, and than will be introduced in all countries. Consequently, when needed to improve the dynamics of an Asiatic country all participants all over the world will work in the tasks connected with the activity in the forums and groups of this country. If it’s necessary to start working in a new country all participants of the MMM Community forward their efforts over there.

mr angry

sr. member

Activity: 298

Merit: 253

Quote from: allyouracid on December 29, 2015, 07:34:31 AM

Quote from: European Central Bank on December 29, 2015, 07:17:59 AM

Quote from: icaruz on December 28, 2015, 09:30:03 AM

just got registered a couple of days ago in mmmphilippines
already provide help worth 0.03 btc and i see that site is good and profitable in long term.

Dude, are you totally blind? Do you know anything about the track record of the guy running this? Never in history has something like this been sustainable. This won't be any different.

They won't listen. Usually, it's all bullshit what we're saying, and we have no idea what we're talking about.

I wouldn't have a problem with that (because it's everyone's own decision to throw away his money) if it wasn't us who have to clean up the mess after so many people got burned, asking why the hell nobody told them that it was a scam.

No, guys. It's not that we didn't tell you. You didn't fucking listen. As you don't, every time such scam models appear.

Read the comments in one of the MMM Facebook pages and you will find references to tasks the members have to perform each week to get their full interest payout. I guess those tasks include spamming forums with positive comments about MMM, denying there are any problems, and arguing with anyone who makes any negative comments about MMM. That post by icaruz was probably one of his weekly tasks.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: Lauda on December 28, 2015, 03:57:38 AM

I'm still not sure why anyone should care about such a idiotic scheme?

I missed this. Shocked

Maybe just the fact that it is the largest ongoing scam in the world (excluding the Fiat Conspiracy, tinfoilers) and could have a massive effect on the price and usage of Bitcoin?

Quote from: Mastsetad on January 23, 2016, 04:05:40 PM

Is there a threshold of the percentage of return we should treat the "investment" as a Ponze?10% a year or 50% a year?

More important than a specific number is the proof of a legitimate, profitable core business. From that you can extrapolate the sort of profits it would likely make, depending on the industry standard.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Mastsetad on January 23, 2016, 04:05:40 PM

Is there a threshold of the percentage of return we should treat the "investment" as a Ponze?10% a year or 50% a year?

Anything above the level you're getting from legit financial institutions is suspect unless whoever it is comes up with some extraordinarily compelling evidence. Returns at that level are easily possible from stock markets but most ponzis are pretending to be dead certs.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: lorylore on December 28, 2015, 05:02:11 AM

Quote from: Lauda on December 28, 2015, 03:57:38 AM

I'm still not sure why anyone should care about such a idiotic scheme? Also you should read the rules & guidelines since this thread is in the wrong section.

well to be honest, all the newly company who promise % return r all treated as ponzi scam right at the start. so many warnings r given but still there is a lot of greedy ppl wan to join in hope to gain btc.

Is there a threshold of the percentage of return we should treat the "investment" as a Ponze?10% a year or 50% a year?

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

I can't. I've already said too much. I'm pretty sure They have installed cameras behind my eyes but don't check them very often. I'd better stay under the radar.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: gentlemand on January 23, 2016, 02:58:31 PM

Anyone who's anyone knows that banks REALLY pay savers 50-200% interest per month. It's the fucking lizards in the middle who siphon it off and we never get the spoils.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

STOP GIVING AWAY YOUR MONEY TO SCAMMERS!!!

There s no such thing as 3 months ROI, FFS, learn that finally.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: tmfp on January 23, 2016, 02:54:41 PM

especially as it pays 100% a month. I blame the Illuminati personally.

Anyone who's anyone knows that banks REALLY pay savers 50-200% interest per month. It's the fucking lizards in the middle who siphon it off and we never get the spoils.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: gentlemand on January 23, 2016, 02:41:55 PM

Golly, what a huge shock. I thought it was supposed to transform the entire planet thanks to one sweaty Russian criminal. What the hell went wrong?

Yeah I know lol, I was really looking forward to the

Quote

Financial Apocalypse! That’s the only thing that can break our financial chains and save us all. Release us finally from the continuous slavery. Everything old will burn in its fire and the new will appear.

especially as it pays 100% a month. I blame the Illuminati personally.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Golly, what a huge shock. I thought it was supposed to transform the entire planet thanks to one sweaty Russian criminal. What the hell went wrong?

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Not looking too rosy in MMMland China. After the explosion of interest and investment late last year (that possibly helped increase Bitcoin's value), currently unverifiable reports (I'm working on it) say

Quote

jan 16, 2016:
MMMGlobal the biggest scam in the world. At the beginning you can get you money and interest but later all you have will disappear.
I am a paricipant from China and now our money is lost for good. So be careful. Take your money out as soon as possible and never do it again.

Quote

jan 16, 2016:
mmm is scam. today, in china many MMM leader has been killed. and so a lot of mmm member death from a building.

Possible trigger for the inevitable is Chinese government action, as reported on http://english.caixin.com/2016-01-19/100901352.html

tl,dr:

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The January warning said MMM China is among an emerging number of unlicensed organizations that aim to attract online investors with promises of high returns while employing a business model that looks to be a Ponzi scheme...

"Such operating models present huge investment risks and their capital flows are not sustainable," the warning said. "Once the capital chain breaks, investors will face severe losses."

The dreaded "reset"

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Several investors told Caixin the website closed in December, freezing their accounts without warning. A December 25 announcement on the website said investment cycles and interest payments would be calculated differently in the future, and all previous requests for withdrawals had been canceled.
Investors could still not get into their accounts as of January 19.

A google translated headline from TMTPost

"MMM hoax" looted Chinese, ten billion private assets is cleared

Meanwhile, in RSouth Africa, where MMM has both MMMRSA and MMMGlobal, socmed reports that one of South Africa's largest retail banks, Capitec, are making life difficult for large cash GH/PH movements, causing much wailing and anger amongst MMMers, South Africa has a long history of "stokvels", localized mutual lending clubs, and many view MMM as just a bigger and better version.
Whether this will drive more traffic to the bitcoin denominated MMMGlobal remains to be seen, or it might signal that the authorities are finally getting their ass in gear.

target

legendary

Activity: 2282

Merit: 1041

I personally knew someone who had invested on mmglobal and she said he had withdraw more than she had invested. I told her there were accusations and that its a ponzi, not sure if she believed it.
our discussion swerve somewhere else after it

allyouracid

legendary

Activity: 2320

Merit: 1292

Encrypted Money, Baby!

Quote from: European Central Bank on December 29, 2015, 07:17:59 AM

Quote from: icaruz on December 28, 2015, 09:30:03 AM

just got registered a couple of days ago in mmmphilippines
already provide help worth 0.03 btc and i see that site is good and profitable in long term.

Dude, are you totally blind? Do you know anything about the track record of the guy running this? Never in history has something like this been sustainable. This won't be any different.

They won't listen. Usually, it's all bullshit what we're saying, and we have no idea what we're talking about.

I wouldn't have a problem with that (because it's everyone's own decision to throw away his money) if it wasn't us who have to clean up the mess after so many people got burned, asking why the hell nobody told them that it was a scam.

No, guys. It's not that we didn't tell you. You didn't fucking listen. As you don't, every time such scam models appear.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: icaruz on December 28, 2015, 09:30:03 AM

just got registered a couple of days ago in mmmphilippines
already provide help worth 0.03 btc and i see that site is good and profitable in long term.

Dude, are you totally blind? Do you know anything about the track record of the guy running this? Never in history has something like this been sustainable. This won't be any different.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: icaruz on December 28, 2015, 09:30:03 AM

i see that site is good and profitable in long term.

Explain that logic to me, please.
What is your definition of "long term"?

icaruz

member

Activity: 112

Merit: 10

★YoBit.Net★ 350+ Coins Exchange & Dice

just got registered a couple of days ago in mmmphilippines
already provide help worth 0.03 btc and i see that site is good and profitable in long term.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: lorylore on December 28, 2015, 05:02:11 AM

well to be honest, all the newly company who promise % return r all treated as ponzi scam right at the start. so many warnings r given but still there is a lot of greedy ppl wan to join in hope to gain btc.

People are so naive and greedy. They'd probably sell all of their close ones for such a high return scheme. MMMGlobal needs to die.

lemipawa

legendary

Activity: 1708

Merit: 1006

Quote from: robelneo on December 28, 2015, 03:55:52 AM

Quote from: lemipawa on December 27, 2015, 10:47:28 PM

Same thing is happening for the MMM Philippines, according to their loyal members, there's a bug on the system and because of that, system is not assigning BTC address to those who want's to invest and that also affects those who wan't to withdraw.

In my opinion it was already resolve and everything is fine and ok the get help and provide help are now working fine by the way are you a member of this community you have been using withdrawing and investing when the fact is the community taught us that it not an investment or mlm program

Nope, not a member of MMM, but I was invited to join their group and I attended a somewhat like a presentation. Everyone can easily join their FB group and that's what I did before taking another step to invest, but after looking at the negative comments from members themselves and searching about the origins of MMM, I did not invest. I can earn more BTC's here in this forum with low risk than joining that group with a high risk of not getting back anything at all.

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: Lauda on December 28, 2015, 03:57:38 AM

I'm still not sure why anyone should care about such a idiotic scheme? Also you should read the rules & guidelines since this thread is in the wrong section.

well to be honest, all the newly company who promise % return r all treated as ponzi scam right at the start. so many warnings r given but still there is a lot of greedy ppl wan to join in hope to gain btc.

Topic: Complaints from victims of Chinese MMMGlobal (Read 1781 times)