JUST IN: Panic As MMM Freezes All Nigerian 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, in the wee hours of Tuesday, were alerted on the scheme’s website that their money will no longer be available for withdrawal until after one month.

Giving reasons for the decision to freeze participants’ money, the statement, signed by MMM administration, said, “As usual, in the New Year season the System is experiencing heavy workload. Moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.

“The things are still going well; the participants feel calm; everyone gets paid – as you can see, there haven’t been any payment delays or other problems yet – but!.. it is better to avoid taking risk.:-)) (Moreover, there are almost three weeks left to the New Year.).

“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.