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Popular Ponzi scheme MMM Ends Operation Globally, Site Shut Down – See Reason

Popular internet Ponzi scheme MMM has announced the shut-down of its operation globally. The Ponzi website (MMM Office) is also down.

For those who aren’t familiar with MMM, MMM is the most popular Ponzi scheme in the world, its was founded by Sergey Mavrodi and commenced in Russia before it later spread to other regions.

MMM was a huge success in South Africa and Nigeria in 2016, but this didn’t last long. Just like every other Ponzi scheme, it swindled investors off their hard earned money.


 Below is an official statement released by the Ponzi scheme;

After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology”. 


Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts. In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure. 

We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering. Hoping for your understanding, Administration

Also Read  MMM Nigeria: How to Avoid Being Banned or Suspended

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