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Tuesday, 13 December 2016

NEWS: MMM freezes Nigerian participants’ accounts

For Nigerians hoping to have a good Yuletide celebrations by cashing out of Mavrodi Mondial Moneybox (MMM), their plans may have to be revised as the alleged Ponzi scheme has frozen accounts of its participants in Nigeria for one monnth.

The operators of the scheme said in a message sent to all subscribers that the measure was put in place because “in the New Year season the System is experiencing heavy workload.”

During the period – December 12 to January 12 – none of the participants would be able to ‘get help’ (withdraw funds deposited with the mandatory 30% interest). But it is unclear if they would be able to ‘provide help’. READ MORE: HERE