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Reply Wed 29 Apr, 2015 02:44 am
What is a mutual benefit fund MMM Global?
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Type: Question • Score: 0 • Views: 1,103 • Replies: 2
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Mark Din
 
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Reply Wed 29 Apr, 2015 03:28 am
@MUTEBASH,
MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence.

In MMM you don’t have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help – another one helps.

The only thing that MMM demands from its participants is to be honest and kind to each other. You ask for financial help when you need it, you give financial help when you are able to do it.
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knaivete
 
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Reply Wed 29 Apr, 2015 09:45 pm
@MUTEBASH,
Quote:
What is a mutual benefit fund MMM Global?


It is a Ponzi scheme.

Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long). At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007. He later went on to creating yet another pyramid scheme called MMM-2011.

http://en.wikipedia.org/wiki/MMM_%28Ponzi_scheme_company%29
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