Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back. The new version known as...
Founder of the infamous ponzi scheme, Mavrodi Mondial Movement (MMM), Sergei Mavrodi have been reported dead. Mavrodi, 62, was reported to have died of a...
John Okonkwo, a salesman who allegedly stole his employer’s N3.5m and invested in the Mavrodi Mondial Movement scheme, appeared before an Ojo Magistrates’ Court Thursday. The...
The Senate Committee on Information Communication Technology (ICT) and Cybercrime has vowed to expose commercial banks used to perpetuate the fraud by the Mavro Mondial Movement...
The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago, has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new...
Central Bank of Nigeria (CBN) said that Nigerians lost N11.9 billion to the Ponzi scheme, popularly called Mavrodi Mundial Movement (MMM) in 2016. This is despite...
Few months after the collapse of the Russian online ponzi scheme (MMM), two agents identified as Debora Fojo and Musa Garba were on Friday arraigned at...
By ANDREW OJIEZEL The Nigerian Deposit Insurance Corporation (NDIC) has disclosed that three million Nigerians had lost N18 billion in the Mavrodi Mundial Movement Ponzi scheme...
Omega Fire Ministries has sacked one of its pastors, Joseph Aiyedun for using the ministry’s name and bank account to register for the popular money-doubling scheme,...
Kingsway International Christian Centre, a 12,000-member mega church in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million to a Ponzi scheme after trustees carelessly...
