MMM Introduces New Rules “To Freeze Investors’ Accounts Again”

Prominent Ponzi scheme, Mavrodi Mondial Moneybox, better known as MMM, is at again, announcing it will freeze the accounts of some of its participants.

It also said it has introduced new rules to ‘serve them better’.


In a statement released on Wednesday, the wonder bank, whose popularity is as synonymous to its controversy, stated that it will launch the new rules which will “stop the growth of confirmed Mavros acquired before the 1st of January 2017 and freeze the bonuses received before the 1st of January 2017 so that limited withdrawal of Mavro-2016 will include only contributions, not bonuses.”

The statement read, “You constantly reproach us stating we don’t listen to your opinions however we really do. We try to carry out the most reasonable and efficient suggestions immediately.


“Particularly, in accordance with your suggestions, we will soon take the following measures: We will stop the growth of confirmed Mavros acquired before the 1st of January 2017.

“We will freeze the bonuses received before the 1st of January 2017 (so that limited withdrawal of Mavro-2016 will include only contributions, not bonuses).

“We will introduce a new rule according to which the withdrawal amount cannot exceed triple amount of the provided help (so, GH cannot exceed PH more than in 3 times).”

The more than three million Nigerians, who invested in the scheme with the hope of getting 30 per cent in return, have been thrown into monumental distress since the Ponzi scheme folded up.