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Friday, September 2, 2016

SCAM ALERT: Beware Of MMM Ponzi Scheme - Protect Your Finance!!!

For many, the lure of quick cash without grinding is too enticing - hence the reason why a lot of people fall for elaborate ponzi schemes.

MMM is the latest scheme going on right now with a lot of Nigerians already invested in it.
However, the SEC (and Myself) wants to warn Nigerians (especially my dear Nerddicts) of the scam.

Below is an excerpt from SEC official website:

 “The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (Nigeria). 
The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.

“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”

SEC, therefore, advised the general public to distance themselves from the online scheme, adding, “Please note that anyone that subscribes to this illegal activity does so at their own risk.”

There you have it, people.
I implore you to stay away from the enticing lure of the MMM Ponzi scheme before you lose your life's earnings to corporate criminals.

A word they say...

Kindly share this with friends, families and loved ones - save somebody's finances!!!

Source: PunchNg
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