Panic As MMM Freezes Participant’s Money

Mavrodi Mundial Movement, a viral ponzi scheme popularly known as MMM has frozen all Nigerian participants’ money, sparking widespread panic of an imminent crash of the system which promises 30% interest on investment in 30 days.


Participants, today, were alerted on the scheme’s website that their money will no longer be available for withdrawal until after one month.

“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month, the statement said

MMM added that “the reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))”

This development is coming barely 48 hours after the founder of MMM, Sergey Mavrodi wrote an open letter to the Federal government, criticising the Nigerian authorities for constantly attacking the MMM scheme which he claimed has helped over three million Nigerians get social justice.