MMM Global Republic of BTC - Sergei Mavrodi ponzi scheme! Stay away - page 5.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: harvsmith on October 20, 2015, 07:39:13 PM

Here's an MMM training video on how to join Bitcointalk and promote MMM! Just in case you were wondering, ha ha!

https://www.youtube.com/watch?v=6LtQ-jviaeg

Some one more competent in blockchain forensics than I could start to try to verify some of the withdrawals pictured in the videos. Someone with time and cash could try to pitch into MMM with small amounts and follow the money trail in the block chain. I think a lot could be learned about the scheme from this sort of research.

Oh! Geez Betsy. Say it ain't so Undecided

Moneytobless@gmail. This is horrible and I can't stop watching.

harvsmith

newbie

Activity: 18

Merit: 0

Here's an MMM training video on how to join Bitcointalk and promote MMM! Just in case you were wondering, ha ha!

https://www.youtube.com/watch?v=6LtQ-jviaeg

Some one more competent in blockchain forensics than I could start to try to verify some of the withdrawals pictured in the videos. Someone with time and cash could try to pitch into MMM with small amounts and follow the money trail in the block chain. I think a lot could be learned about the scheme from this sort of research.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: ajrah on October 20, 2015, 12:42:43 AM

Honestly this ponzi scheme of Sergey Mavrodi is so appealing because of it's 20% interest rate for the investment but the risk is very high for your investment not to be returned as there is no guarantee.

Appealing for people who absolutely no idea economics. Everyone with a straight mind and a little bit of knowledge should smell the rotten fish here he is going to get.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I can still remember the first Ponzi I tried... I failed miserably because I got in at the end. There are people who like the adrenaline rush of high risk investments. I am not one of them anymore, because I burned my fingers too much.

There are also people like Sergei Mavrodi who are addicted to scheme people out of their money. They get some kind of satisfaction out of the ride, and they always think they are smarter than the system.

ajrah

sr. member

Activity: 350

Merit: 250

Honestly this ponzi scheme of Sergey Mavrodi is so appealing because of it's 20% interest rate for the investment but the risk is very high for your investment not to be returned as there is no guarantee.

P-Funk

sr. member

Activity: 360

Merit: 250

Token

Recently a LTC ponzi was partly responsible for its rise to ~0.03 BTC. I wonder what effect this ponzi is having and will have on the BTC/fiat market. The guy has a pretty good track record of "success."

lemipawa

legendary

Activity: 1708

Merit: 1006

Quote from: jacee on October 19, 2015, 06:23:35 PM

Quote from: lemipawa on October 19, 2015, 10:01:56 AM

Quote from: jacee on October 19, 2015, 05:32:23 AM

Quote from: ?? on ??

They already make MMM community in various country (especially in developed country) & global, now they also want to take over bitcoin community Angry

We should work together to make this one failed, otherwise media could think bitcoin as a ponzi scheme too Angry

There are many scams already in bitcoin community, so i think most bitcoiner are wise enough not to join this stupid scheme

They already stole money from many people worldwide & it's not enough, i hope they'll be killed by their own greed Angry

Unfortunately here in my country MMM is considered as a must option to invest in. Well people are easily fooled by easy money. Specially with all the new programs that MMM offers like the MMM extra where you will get you money doubled in one month.
Although the community that supports MMM here in my country has never had any problems from the past few years, theyceven have offline fund raising activities to support charity. It is indeed a good thing to help others but I just hope these kinds of people know well enough how this kind of things will end up.

They are encountering problems now jacee and they are starting to clean up by deactiviting those that have multiple accounts and accounts that use only 1 btc address. They also have problems like those who send insufecient amount of BTC.

I see, well I am not aware of it so I thought they don't have any problems. I still think those members of MMM should atleast know the basics of bitcoin before they go on and use bitcoin as an instrument of their ponzi. Undecided

They are very much active in promoting MMM in FB groups for crypto currencies and easy money schemes.
They even have a physical branch recently opened near our place which is quite surprising because they we're able to get the needed permits despite being tagged as ponzi. I wonder what business classification it falls under... scams perhaps? Grin

jacee

legendary

Activity: 1302

Merit: 1025

Quote from: lemipawa on October 19, 2015, 10:01:56 AM

Quote from: jacee on October 19, 2015, 05:32:23 AM

Quote from: ?? on ??

They already make MMM community in various country (especially in developed country) & global, now they also want to take over bitcoin community Angry

We should work together to make this one failed, otherwise media could think bitcoin as a ponzi scheme too Angry

There are many scams already in bitcoin community, so i think most bitcoiner are wise enough not to join this stupid scheme

They already stole money from many people worldwide & it's not enough, i hope they'll be killed by their own greed Angry

Unfortunately here in my country MMM is considered as a must option to invest in. Well people are easily fooled by easy money. Specially with all the new programs that MMM offers like the MMM extra where you will get you money doubled in one month.
Although the community that supports MMM here in my country has never had any problems from the past few years, theyceven have offline fund raising activities to support charity. It is indeed a good thing to help others but I just hope these kinds of people know well enough how this kind of things will end up.

They are encountering problems now jacee and they are starting to clean up by deactiviting those that have multiple accounts and accounts that use only 1 btc address. They also have problems like those who send insufecient amount of BTC.

I see, well I am not aware of it so I thought they don't have any problems. I still think those members of MMM should atleast know the basics of bitcoin before they go on and use bitcoin as an instrument of their ponzi. Undecided

lemipawa

legendary

Activity: 1708

Merit: 1006

Quote from: TibanneCat on October 19, 2015, 04:51:43 PM

This Sergei Mavrodi guy did prison time for defrauding millions of dollars before and here he is, pulling it again.
At this internet age, it's amazing how people won't do even basic due diligence on the people behind the venture they are investing in Huh

But then, even within the "techno savvy" crypto community, we see so many falling for scams perpetuated by known crooks

these get-rich-quick schemes are no worse than shitcoins created by scammers who promise you the moon

Some investors think that as long as the site is still paying it's not a scam thts why people still fall for this kind of schemes. it's just a matter of time, this system of Sergey will collapse again and we will see if indeed MMM made an impact on Bitcoins.

TibanneCat

full member

Activity: 210

Merit: 100

BTC > etc

This Sergei Mavrodi guy did prison time for defrauding millions of dollars before and here he is, pulling it again.
At this internet age, it's amazing how people won't do even basic due diligence on the people behind the venture they are investing in Huh

But then, even within the "techno savvy" crypto community, we see so many falling for scams perpetuated by known crooks

these get-rich-quick schemes are no worse than shitcoins created by scammers who promise you the moon

lemipawa

legendary

Activity: 1708

Merit: 1006

Quote from: jacee on October 19, 2015, 05:32:23 AM

Quote from: ?? on ??

They already make MMM community in various country (especially in developed country) & global, now they also want to take over bitcoin community Angry

We should work together to make this one failed, otherwise media could think bitcoin as a ponzi scheme too Angry

There are many scams already in bitcoin community, so i think most bitcoiner are wise enough not to join this stupid scheme

They already stole money from many people worldwide & it's not enough, i hope they'll be killed by their own greed Angry

Unfortunately here in my country MMM is considered as a must option to invest in. Well people are easily fooled by easy money. Specially with all the new programs that MMM offers like the MMM extra where you will get you money doubled in one month.
Although the community that supports MMM here in my country has never had any problems from the past few years, theyceven have offline fund raising activities to support charity. It is indeed a good thing to help others but I just hope these kinds of people know well enough how this kind of things will end up.

They are encountering problems now jacee and they are starting to clean up by deactiviting those that have multiple accounts and accounts that use only 1 btc address. They also have problems like those who send insufecient amount of BTC.

jacee

legendary

Activity: 1302

Merit: 1025

Quote from: ?? on ??

They already make MMM community in various country (especially in developed country) & global, now they also want to take over bitcoin community Angry

We should work together to make this one failed, otherwise media could think bitcoin as a ponzi scheme too Angry

There are many scams already in bitcoin community, so i think most bitcoiner are wise enough not to join this stupid scheme

They already stole money from many people worldwide & it's not enough, i hope they'll be killed by their own greed Angry

Unfortunately here in my country MMM is considered as a must option to invest in. Well people are easily fooled by easy money. Specially with all the new programs that MMM offers like the MMM extra where you will get you money doubled in one month.
Although the community that supports MMM here in my country has never had any problems from the past few years, theyceven have offline fund raising activities to support charity. It is indeed a good thing to help others but I just hope these kinds of people know well enough how this kind of things will end up.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: nydiacaskey01 on October 18, 2015, 09:23:33 PM

The site have a Warning that says "WARNING! THIS IS A COMMUNITY OF MUTUAL FINANCIAL HELP! Participate only with spare money. Don't contribute all the money you have." which is a good excuse if they decided to close. They can tell investors "hey! we warned you not to invest all your money" Grin

I'm not sure if this would help in front of the court.This whole thing is a big house of cards collapsing one day.I don't how much money had been invested in this crap to this day but if Mawrodi closes the service and dumps all the bitcoins at once this could drop the price really hard I believe.And that guy has shown that he is able to disappear for many years.

RyanLZ

newbie

Activity: 42

Merit: 0

Quote from: nydiacaskey01 on October 18, 2015, 09:23:33 PM

The site have a Warning that says "WARNING! THIS IS A COMMUNITY OF MUTUAL FINANCIAL HELP! Participate only with spare money. Don't contribute all the money you have." which is a good excuse if they decided to close. They can tell investors "hey! we warned you not to invest all your money" Grin

Will a judge agree with that? That MMM scheme is a kind of Ponzi, no matter what disguising words they use to describe it.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

The site have a Warning that says "WARNING! THIS IS A COMMUNITY OF MUTUAL FINANCIAL HELP! Participate only with spare money. Don't contribute all the money you have." which is a good excuse if they decided to close. They can tell investors "hey! we warned you not to invest all your money" Grin

eternalgloom

legendary

Activity: 1792

Merit: 1283

This was an obvious scam to say the least..
I've seen a bunch of their spam lately.

lemipawa

legendary

Activity: 1708

Merit: 1006

Quote from: LiteCoinGuy on October 18, 2015, 12:14:42 PM

Quote from: lemipawa on October 18, 2015, 10:14:36 AM

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help. What if Sergey created like hundreds of bogus accounts so he cant have a piece of his creation without investing

provide help and earn 1000 USD in 10 minutes Grin

- go for it!

No way man. I would rather gamble with my coins rather than give it to someone I don't know and not sure if it will return with interest as promised. Unlike gambling, I know if I lose, I lose period, no one to blame but me.

Quote from: gentlemand on October 18, 2015, 01:19:10 PM

Quote from: lemipawa on October 18, 2015, 10:14:36 AM

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help.

I think in his mind that gets him off the hook legally. I can't quite see a court agreeing with that.

That's what networkers or those who are into MLM are doing now, they are allergic of using the term invest because the Exchange Commission might shut down their business for taking investments while they are not an investment company, while their members commonly use that term to encourage people to put money in MMM.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: tmfp on October 18, 2015, 03:22:50 PM

Quote from: Bifta on October 18, 2015, 03:00:43 PM

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do...

Mavrodi's Magic Money has been around for a lot longer than BTC.
I can't see a "dramatic drop in the price of Bitcoin" due to its inevitable failure, why should there be?
There hasn't been a dramatic loss of confidence in the various fiat currencies that have been used for MMM, so why should there be in Bitcoin?

Wow, they're on the ball aren't they? Where have they been for the last couple of years?

Looks like Mavrodi only recently discovered the magic of the bit market.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: crairezx20 on October 18, 2015, 09:24:10 AM

F*ck this site i lose my $100 to that site. it never been paid me.. That site has many fake site from japan indonesia philipines and other country so dont waste your time to that f*ck site.... he use some filipino to invested there and you will be paid in the 1st but in the next you will be get scammed... promis me...

May I ask what convinced you to put money into it?

Bifta

full member

Activity: 182

Merit: 100

Quote from: tmfp on October 18, 2015, 03:22:50 PM

Quote from: Bifta on October 18, 2015, 03:00:43 PM

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do...

Mavrodi's Magic Money has been around for a lot longer than BTC.
I can't see a "dramatic drop in the price of Bitcoin" due to its inevitable failure, why should there be?
There hasn't been a dramatic loss of confidence in the various fiat currencies that have been used for MMM, so why should there be in Bitcoin?

The drop in price I think will come from all of the "investors" who will lose confidence in Bitcoin (after all, all they knew bitcoin for was for MMM) and immediately start selling off. This massive dump will depress the price.

For the loss of confidence in Bitcoin, a lot of people will have only heard about Bitcoin from MMM, and when MMM collapses, they will lose confidence over Bitcoin. Then the media will get all over it and somehow spin it so that Bitcoin is related to MMM and is also bad, just like MMM.

Topic: MMM Global Republic of BTC - Sergei Mavrodi ponzi scheme! Stay away - page 5. (Read 12646 times)