Revealed! The Man Behind MMM Scheme has Finally Been Unveiled (PHOTO)

Published 2 years ago by: Giwa bayo
at 01:02 PM, 2/12/2016 (2 years ago)

(11807 | Hero) (m)


One Pastor Ernest Chigozie Mbanefo, a Nigerian, has been revealed as the mastermind of the suspected Ponzi scheme known as MMM Nigeria. The man is reportedly based in South Africa. Nigerian Communications Week, NCW, said Mbanefo registered the site MMM-Nigeria.net domain on June 7, 2016 at about 5 pm Nigerian time. The News Agency of Nigeria, NAN, quoting NCW And Pageone report written as far back as September said Mbanefo made a single year domain payment.
 The domain will expire on June 7, 2017. It was also revealed that MMM Nigeria is not part of MMM Global – a Russian company that was responsible for one of the world’s largest Ponzi schemes in the 1990s. MMM Global was founded by Russian politician Sergei Mavrodi, his brother Vyacheslav Mavrodi and Olga Melnikova.
 The name of the company was taken from the first letters of the three founders’ surnames (MMM) But like MMM Global, the Nigerian scheme is also a pyramid marketing scheme where an investor gets a 30 per cent return on investment. Around the world, MMM is feared.
 In January 2016 the Chinese government banned MMM on the grounds that it is a pyramid scheme, (Ponzi scheme), and it is not registered in the country (and as a fraudulent scheme cannot be registered. MMM recently crashed in Zimbabwe: Thousands of ‘Mavrodians’ in Zimbabwe were left in tears when the scheme crashed, losing tens of thousands of their lifetime savings.
PageOne gave Mbanefo’s address as 1 ROYAL STREET, LINDBERG PARK, JOHANNESBURG, SOUTH AFRICA. According to Page One, on the 15th of July, Ernest was awarded a certificate of completion of an online course titled ‘MMM Guiders School’. The certificate was supposedly signed by Sergei Mavrodi himself. He has since given himself the nickname the ‘Super Guider of MMM’. To share news and information about MMM, Ernest also operates a subdomain ‘news.mmm-nigeria.net. The site praises him and projects him as the leader of the Ponzi Scheme in Nigeria.
 He is described as: 'MMM Nigeria Super Guider; Pastor Ernest Mbanefo, has been selflessly helping thousands of MMM Nigeria Participants whether or not they fall under his downline structure. The brain behind the MMM NIGERIA REVOLUTION operation has been working selflessly and tirelessly towards the education, information and proper guidance for the MMM Nigeria Community’

Problem with this article? Please contact us


softhils at 01:09 PM, 2/12/2016 (2 years ago)
(1577 | Gistmaniac) (m)

What's up with headlines and MMM sef? they should please focus on other salient issues and leave MMM alone.
Reply
kison at 01:40 PM, 2/12/2016 (2 years ago)
(19287 | Hero) (m)

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Reply
kingcalors at 02:04 PM, 2/12/2016 (2 years ago)
(1479 | Gistmaniac) (m)

Some useless journalists are busy criticising MMM, while MMM participants are busy PHing and GHing millions. Make una allow MMM be. 
Reply
emytex74 at 02:06 PM, 2/12/2016 (2 years ago)
(4139 | Gistmaniac) (m)

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Reply
emma4love3 at 02:45 PM, 2/12/2016 (2 years ago)
(15080 | Hero) (m)

mmmmm na waooo e get as e be ooooh
Reply
Trueyarn at 02:51 PM, 2/12/2016 (2 years ago)
(10116 | Hero) (m)

Naija government nah the most useless fools ever,wetin concern una if them carry person money run nah una papa money?
Reply
monic83 at 03:19 PM, 2/12/2016 (2 years ago)
(208 | Upcoming) (m)

MMM is a risk if you re among the lucky one fine na your luck.
Reply
gogoman at 03:24 PM, 2/12/2016 (2 years ago)
(31816 | Addicted Hero) (m)

PASTOR AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Reply
kacylee at 07:37 PM, 2/12/2016 (2 years ago)
(24088 | Addicted Hero) (f)

HE IS MAKING HIS SOFT MONEY LIKE THAT

Reply
Trueyarn at 09:06 PM, 2/12/2016 (2 years ago)
(10116 | Hero) (m)

Quote from: monic83 on 03:19 PM,  2/12/2016
MMM is a risk if you re among the lucky one fine na your luck.
Guy life as a whole nah risk it's either you get rich or die trying."
Reply
Deprince3 at 07:36 AM, 3/12/2016 (2 years ago)
(953 | Upcoming) (m)

GO LOOK FOR WORK , WHY IS MMM YOUR HEADACHE IF I MAY ASKED ? MMM PAYS  MMM HELPING LIFE MMM CONFIRMED MMM TESTED AND TRUSTED , THE PERSON WRITING THIS SHIT IS A PONZI AND PYRAID JOURNALIST. MMM MY GOOD AND TRUSTED FRIEND , A DEARLY FRIEND
Reply
CHRISETTE at 09:20 PM, 3/12/2016 (2 years ago)
(12638 | Hero) (f)

Na them sabi
Reply
1marviz at 09:25 PM, 3/12/2016 (2 years ago)
(1851 | Gistmaniac) (m)

poster Na  wa for u  poster o. next time work on ur HEADING b.for your BODY. MMM as a whole or MMM Nigeria?Huh?


well,as for the news, not my business.  to whom it may really concern.
Reply
AmazingMarie at 09:01 PM, 4/12/2016 (2 years ago)
(12049 | Hero) (f)

ok seen pastor mbanefo make sure the site dies not crash in Nigeria because people will place causes on him.
Reply
AmazingMarie at 09:03 PM, 4/12/2016 (2 years ago)
(12049 | Hero) (f)

here in Nigeria I can tell you it is paying other different sites are springing up now.
Reply
BournIdentity at 01:32 PM, 28/12/2016 (2 years ago)
(46066 | Addicted Hero) (m)

Sidon there dey look like zombie,,,,.. I just dey wakaring
Reply
BournIdentity at 09:05 PM, 28/12/2016 (2 years ago)
(46066 | Addicted Hero) (m)

Knack mi tori.....,,,
I just dey observe! Dey pass jejeli as in,, maka, make jelorsi no kill u o
Reply

LATEST COMMENTS

  1. Doyourworst on: This Could Be The Most Romantic Proposal Ever! Lagos Socialite, Cynthia Gets Engaged (Video)
    [quote author=james987 link=topic=403728.msg5579311#msg5579311 date=1571431431] Bitch ass niga,punk ... 19 mins ago
  2. KOSHIMANA on: BREAKING NEWS! Kogi Deputy Governor, Simon Achuba Impeached
    Lol.i swear all dese our so called lawmakers will sink dis country. Imagine u ve a governor owing 36... 31 mins ago
  3. Boi2Man on: Slay Queen Calls Out Singer, Papisnoop For Sleeping With Her Without Paying (Video)
    Who the hell is papisnoop again?... 1 hr ago
  4. kennynaija on: VIDEO: Video Of Texas Preacher, Pastor David Wilson Eating Up a Female Church Member
    Unbelievable ... 2 hrs ago
  5. james987 on: Slay Queen Calls Out Singer, Papisnoop For Sleeping With Her Without Paying (Video)
    [quote author=Doyourworst link=topic=403727.msg5579301#msg5579301 date=1571428172]Ashawo no be work ... 3 hrs ago