Here is how the MMM Global scam worked

Here is how the MMM Global scam worked

Temmuz 20, 2017

Here is how the MMM Global scam worked:

1. Register at the website.
2. Enter your Personal Office.
3. There will be two big buttons. “Provide help” and “Get help”.
4. If you want to contribute money, click “Provide help” and specify the amount you want to put into the system. The minimum amount is $10.
5. You immediately get MAVROs in your Personal Office and they start to increase by up to 100% per month. (MAVRO is the internal currency of the system) However, as soon as you get MAVROs you won’t be able to sell them until they are confirmed as you still haven’t transferred money but only created the request.
6. Then you’ll get the order in your PO including all bank account details of the person you should transfer money to. The order also contains contact details of the person so you can get in touch with him or her to make sure that it’s a real person and participant as you. In MMM there is no central account where all participants’ money accumulates (and where it can be stolen). All transfers are carried out between the participants directly. It means that everything is quite clear and transparent. MMM plays the role of the operator that helps to establish the contact between the participants.
7. Transfer money to the participant. He or she confirms the receipt and your MAVROs become “confirmed”. That’s it! Now you can sell them whenever you want, total amount or a part of it.
8. If you want to sell your MAVROs click “Get help” and specify the amount. Another participant will receive the order and will send you the money (provide help). As you did earlier! Don’t forget to confirm the receipt of help as soon as the money is in your bank account (But no earlier! Be careful with frauds!). If you don’t do it the sender’s MAVROs won’t be confirmed.

The rate of growth for your account will be from 20% to 100% per month.

Here is a video made by one of the victims of this scam who lost $10,000:

MMM Global Scam Conclusion

MMM Global is a pathetic cash gifting/Ponzi scheme that is designed to take advantage of people. MMM Global is using your dislike of the banks to get you to participate in a cash gifting/Ponzi scheme. Don’t fall for yet another scam created by serial fraudster Sergey Mavrodi. When new suckers can’t be found this scam will fail taking your money with it.