MMM Global Review: Can You Ever Make Money?

 

What is MMM Global About, Exactly?


You are welcome to my MMM Global Review. Do you want to know if you can ever make money with MMM Global? Are people really making money at all?

What is MMM about, exactly? Have you ever ask this questions? I will be explaining what MMM Global is all about in this article. I will also tell in my personal opinion why MMM Global is Ponzi/Pyramid Scheme.

I will also reveal why I believe it is a scam, why it will even collapse in your country and Countries where MMM Global has collapse already.

You will also watch the YouTube Video of one of the principal founder where he promises to destroy the global financial system with this scheme.

The importance of this article is to educate and inform you of the need to protect yourself on various scam flying around so that you will be able to know what is a scam and how to avoid them both online and offline.

 

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The Origin Of MMM Global


MMM was created in Russian in 1989 by Sergei Mavrodi, with his brother Vyacheslav Mavrodi, and Olga Melnikova, the name of the company “MMM” was derived from the surnames of the three founders.

Initially, the company was into the importation of computers and office equipment but was slammed by tax police of tax invasion in January 1992; this leads to the collapse of MMM because of the difficulty of raising funds from banks and financial institution to support its operations.

Because of the difficulty in funding its foreign trade operation, the company switched to the financial sector by offering American stocks to a Russian investor; this attempt was not a success.

The company formed its successful Ponzi scheme in 1994; they attracted funds from private investor then with a promise of 1,000% ROI (Such overgenerous returns was possible then).

The company generated and reported returns of 1,000%; with the aggressive promotion, they became a household name in Russian. Since the company determined the share price, because it was not quoted on the stock market, it sustained a steady astronomical price growth.

This made the public believe that the company was secure and profitable, whereas it is not!

In August 1995 Mavrodi was arrested for tax evasion but was later released with the support of his deceived investors.

MMM declared bankruptcy on September 22, 1997, and this lead to a lot of people losing their money, though he promised to pay back the amount he paid back was minute compared to the amount owed.

He was found and arrested in 2003. This scandal led to improved regulation of the Russian stock market, but a lot are now very suspicious of any such companies.

 

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What Is A Ponzi Scheme?


A Ponzi scheme is a type of investment scams that promise people that invested an extreme interest if they can loan or part with their money.

The more they get people to invest in their scheme, they use the money contributed by the new investors to pay the initial investors. Ponzi schemes always perform at the initial stage, but they eventually failed as more people joined.

Wikipedia definition of  Ponzi scheme

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Why MMM Is A Pyramid/Ponzi Scheme


These are two ways people get rip-off of their monies and investments. A lot of people associate Ponzi schemes with pyramid schemes. Even though there are few similarities, but they're not the same.

It is good you know this too, in my opinion, I believe that all (MLM) multilevel marketing is a scam, just because of the structure and made up.

Ponzi Scheme

A Ponzi scheme has a triangular structure. The plotter sits at the top continually increasing trends of investors.

Nonetheless, there are significant differences between how classic pyramid schemes are performed and how Ponzi schemes are accomplished. The fundamental distinctions between the two are:

A Ponzi planner only asks people to invest in something, and the investors won't be invited to take any more action other than handing over their money.

The Ponzi planner asserts to take care of the rest. The Ponzi planner is the brain behind the whole scheme and is always transposing money from one place to another.

Pyramid Scheme

what is mmmglobal.orgContrary to the above mentioned, a pyramid is a dishonest and usually illegal (In some cases it could seem very legal, but it is not) business by which the money collected from one investor is used to compensate an initial investment or people who invested first.

The man behind the pyramid scheme makes their marketing seems real by selling various products and services. These plotters always use the funds collected from recently joined investors to pays people that have joined early in the system.

Although, a pyramid scheme demands more work because the latest joined investor must buy the right to start a franchise and keep recruiting more people like him or herself. The beginners often pay the recruiter a portion of their profits.

The difference may seem trivial, but one point to be kept in mind is that contrary to pyramid schemes, Ponzi schemes are always illegitimate.

 

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Signs of a Ponzi/Pyramid Scheme


  • There is no collateral for your investment; you are only assured of profits margin
  • Search review of such scheme or products on the internet, when you see more negative review more than positive, it is an indication that it is a scam
  •  When the rate of return is too high to be true, and most especially you can see any value addition.
  •  If it is a new product or investment then you should be curious, new ventures are prone to be a scam than the old one. Note that MMM and Madoff' have been around for years, this implies that the length of existence such program may not be applicable in all cases.
  • Whenever you are confronted with complicated situations yet compelling story of high profits margin, and you can see that you are not adding value or offering anything to justify the promised profits margin.

Question to Ask Before Joining MMM Global


Just before engaging or joining any investment scheme, always let the following question guides you at all time:

What is the process for generating returns?

Great investments generate returns from the invested funds while fraudulent scheme relies on funds collected from new members to pay existing and older members.

Is this a legitimate business that adds value to people and is this process transparent?

What is the recruitment process?

How did you get recruited, were you pressurized to join or you joined voluntarily? Must you recruit more members yourself to have better on your investment?

Is it similar to other investment?

Can you compare such investments to other products? If otherwise then run with your money.

Is It Under Regulatory Bodies?

Is the investment within the power of regulatory bodies or acting alone? If the scheme is not under any regulatory agency, this is a signal to walk away with your money

If you are not okay with the answer to any of the above questions, then you are dealing with Pyramid or Ponzi scheme

Why Are They Into This Scheme?

Because they are making money from you, people still join despite a lot of negativity all over the internet. For instance, there is no one positive review on MMM Global online apart from its website.

People are so very greedy, and when you this greedy, you fall a victim of this kind of scam.

 

 

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Why Is MMM Global is a Scam.


Besides several others, the following are a few of the reasons that support the fact that MMM Global is a scam:

  1. Neither business nor investment:

It is visibly stated on its website that MMM Global is neither a trade nor an investment. So how the company has been paying the investors?

      2. Unrealistic Profit Rates (30%)

Even a well-reputed financial institution does not offer its clients such a high rate of returns on their shares as MMM promises to its investors.

      3. Source of Profit

As mentioned above, MMM’s website states that it is neither a business nor an investment,  so what is the source of profit? The best guess is that the benefit to existing members is being paid from the intake of newcomers. Once the new inputs stop, the fall is imminent.

       4. Profit Rate is considered as earning

MMM’s website states that the rate of 30% commission should be considered as making. Earning not profit!!!!

 

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Why MMM Global Will Fail In Your Country Too


MMM Global relies on contributions from new members to pay existing investors so that they can earn the promised returns. This process is impracticable business wise compare to earnings from good investments.

The entire MMM Global member knows that they need to convert or recruits new members to maintain the flow of funds to those that have offered help.

what is mmm global about

I can say categorically that MMM Global will fail in many countries, time will indeed tell.

Many people will soon lose their funds if they continue to patronize this scheme; while only the founders and a few early participants will make some considerable gain.

These are my reasons for this:

  1. If a system is paying more than what is earned, such a system will soon go bankrupt.
  2. MMM Global will need to continue growing with new members to be able to meet the needs of its various helpers (people that are expecting their funds plus the promised 30%); the truth is that no matter the level of growth in your country, MMM Global will soon run out of new investors.
  3. The Government of such countries usually slam such scheme, it has happened in China, Russian and Zimbabwe, because it is against the financial regulation of any nation to condole such, they will always try to rescue people from losing their funds when it is evident that people's money is going to the drain.
  4. We hear an uproar that MMM Global may be failing in Nigeria too {MMM Nigeria just announced a pause of a month}, this announcement is a pointer that something is not right with this scheme. Do you publish a break in your business? Or send everybody home from office; say all of you come back in a month ‘s time? Is MMM in Nigeria a scam too? Time will tell.

What we don’t know right now is when would the scheme collapse globally speaking; this depends on how fast the funds are growing.

By the time the volume declared is more than the real investment income on the invested funds. Then the collapse is expected to happen.

 

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Countries Where MMM Already Failed


  1. Russian
  2. South Africa
  3. Zimbabwe and
  4. China
  5. Nigeria(Recently collapsed)
  6. Ghana (Also failed recently and a lot of money trapped)

 

Interview Of Sergei Mavrodi – Founder of MMM Global | YouTube


Sergei Mavrodi, the founder and mastermind of the MMM Global Pyramid scheme, That made millions of Russians to lose their funds in 1994, Watch his interview with RIA Novosti's T.M.

He proclaims his new plans to destroy the global financial system with his MMM Global that is now launched across the world.


 

12 Tips  To Avoid A Ponzi Scheme


  1. Take time in making investment decisions. Don’t get compelled by anyone to invest. Too much pressure from someone to spend should raise the alarm that something is not right.
  2. If it sounds too good to be true, it probably is. When you're offered an opportunity that seems unbelievably amazing or with high profits, you must be highly suspicious.
  3. Ensure that the company has been around for a long while, DO NOT experiment with your money.
  4.  Another tip to consider is that real investments returns fluctuate while Ponzi schemes’ are always good until the scheme crashes.
  5. A dubious lack of details should be a warning sign.
  6. Don’t get greedy. Search the facts of a scheme that promises 30% returns on the original investment in a short span of time.
  7.  Inquire before you invest. Ask yourself a question such as; what are the probable risks? Does the scheme have positive reviews? Is the scheme legal? Who is the founder of the scheme and what is his or her background? What are the changes to lose? Logical answers to these questions will help you to take the next step.
  8. Self-done is well done. Despite asking others about the scheme, do some research yourself as well. The Internet provides so many useful tools and sources to verify such information.
  9.  Pay attention to Bill Gates’ advice; understand the business you are going to invest in. If an investment scheme appears too complicated, either take time to understand it correctly or avoid investing at all.
  10. If you are asked to put down some money and bring a particular number of people, this is called networking and is highly risky.
  11.  Always trust your instinct when confronted to take such investment decisions. Your unsettled feelings about such business decision could be a pointer that you are made a wrong decision.
  12.  Be watchful when you are close to your retirement age, recent studies confirmed by NASAA (North American Securities Administrators Association); It states that scammers always target an older investor.

 

 

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Conclusion


What do you think of my  MMM Global review? Can you really make money with this MMM Global? I hope you have read and seen why MMM Global will NOT make you money.

You can now see how dangerous it is investing your money in MMM Global, you may make money in the early stage, most especially if they are just entering your country.

After the market is flooded with a lot of people with huge wealth submitted this is when MMM usually have a problem.

This has repeated itself in Nigeria, Ghana, Zimbabwe, China, and even Russian. I will not invest my money in this MLM program.

The essence of this article is to educate you on what is MMM about so that you can make a better decision and judgment about what you are going into.

It is a free world, and you have your life in your hands. You can decide for yourself in this case.

I am NOT recommending MMM Global to you because it is not a good investment, you can as well take it to be a donation so that when you lose your money, you will not be pained.

 

MMM Global Vs Wealthy Affiliate 


The best investment at this moment and for the future is for you to have a website of your own, choose a profitable niche (what to write about on your site); start writing content/articles, start getting traffics and effectually making sales with your traffics.

You cannot be playing the game and making money with MMM Global, it is a fluke way of making money.

what is mmm global about

Wealthy Affiliate will take you through a step-by-step guide on how to create an excellent affiliate website. You will be thought how to make and design a site, how to monetize it and how to drive traffic to your website.

At Wealthy Affiliate, you have access to more than 100+ (videos & Text) of how to develop your website. You don’t need to know how before. I was the coach to improve this site from scratch.

At Wealthy Affiliate, we have the support of a community of affiliates members that are ready to assist you 24/7. Just ask any question at the forum, someone somewhere will be prepared to resolve your issue.

You also have direct access to Kyle (the owner); you can chat him up to ask any question at any time.

This is how you can make money while sleeping; if you join me at Wealthy Affiliate, I have a gift of two websites with hosting for life for you (this is free).

If you join the premium, you have access to all the training and 50 websites and hosting. Read more about Wealthy Affiliate.

What do you think about MMM Global? Your opinion also counts, please drop your comment for me.

So what is your thought, can you really make money with MMM Global? I can assure you that you can NOT make money with MMM Global.

I am inviting you to Wealthy Affiliate; this is where you can make money online on any of your niche choices. You can check me out in Wealthy Affiliate through My WA Personal Profile Page

MMM Global at a Glance


Name:  MMM Global
Website:  mmmglobal.org
Price: Minimum: $10
Type: Ponzi & Pyramid Scheme                                                                                                                      My Take: Not Recommended

what is mmm global about

6 thoughts on “MMM Global Review: Can You Ever Make Money?

  1. In my quest to find ways to make money from home, I look at a lot of ideas. I am so glad I found this information on MMM. I had not heard of a Ponzi Scheme, but from your description, this is not what I am looking for. This just seems like a money making scam…so many out there. Hard to weed thru them all for sure.

    • Hi Matt’s Mom,

      You are right. This is not a good money making venture. 

      Regards

      John

  2. This is a great article, John. You did a great job in dismantling the dishonest of these scams. One thing common to pyramid schemes is that they look professional and target developing countries.
    It is hard to point out their untrustworthy considering their professionalism front. But, with the help of your article, knowing their history is one way to annihilate them.

    About Wealthy Affiliate, I think it is an excellent forum “only if you are self-motivated.” Don’t get me wrong; it is one of the best, if not the best. But, at times it feels like you need to know you are on the wrong track before asking for directions.

    I have heard friends quitting before they could go any further. Maybe it’s because they want to be spoon fed, but I think it is a point I had to raise with hopes of getting your input.

    P.S. So far the best-detailed review I have read online.

    • Thanks for visiting my website.

      Making money online requires a lot of input and you need to really have passion in your niche market. If you approach it like chasing the money aspect of it, you may miss it. Yes, people are making a lot of money in blogging. I knew people in Wealthy Affiliate making over $25,000 monthly.

      People are making so much, even if you have a day job like many in Wealthy Affiliate, you can have something to fall back to. It is fun in the sense that you can be on your bed working and making a lot of $$.

      Thank you.

      John

  3. Thanks for writing this review on MMM Global, I think it’s a shame that there are companies like this. There are so many Ponzi/Pyramid Schemes out there that it makes it difficult for people to trust the legitimate companies. Wealthy Affiliate seems like a more viable option, I like the fact that there’s a community of members to assist you whenever you need it. This seems legit, but is there anything that you dislike about Wealthy Affiliate?

    • Thank you WMB, i hope you will visit my site again? The best alternative to Ponzi and Pyramid money making scheme is having your website, choose a profitable niche, drive traffics to your blog/website and then monetize your website/blog. And Wealthy Affiliate is the best platform to get trained to doing all the above. You dont need to know anything about website development and long as you know how to hold and click mouse, and you must know how to read. Wealthy Affiliate will coach you to know how to make consistent money online while you are sleeping.

      To answer your question, the only minus of the Wealthy Affiliate is that materials and video training are enormous if care is not taken you will get distracted and get loss. But a lot of other affiliates are ready to help you, just type your question in the chat forum or any of the class room, someone somewhere will help you out. The best aspect is that you also have direct access to the owners (Kyle and Carson). Join wealthy Affiliate today. Premium option will earn 50 websites with hosting and you can also join free, if you do, i will offer you a gift. Check me on My WA Profile Page. Cheeres.

      John. A

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