Gist: SEC advises NIgerians to distance themselves from MMM  (Read 621 times)

0 Members and 1 Guest are viewing this topic.

SEC advises NIgerians to distance themselves from MMM
by flukky01 « on: September 06, 2016, 07:27:59 AM »




Public Alert on the Activities of “MMM Federal Republic of Nigeria” (Nigeria.mmm.net)

30/08/2016

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called “mutual aid financial network” with a monthly investment return of 30%

The Commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a PONZI SCHEME where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.

The general public is hereby advised to distance themselves from this online scheme. Please note that anyone that subscribe to this illegal activity does so at his/her own risk.


 

Related Topics

  Subject / Started by Replies Last post
0 Replies
815 Views
Last post December 24, 2014, 12:17:22 PM
by olutee
0 Replies
396 Views
Last post January 07, 2015, 07:00:32 PM
by olutee
0 Replies
384 Views
Last post January 19, 2015, 01:00:28 AM
by flukky-2
0 Replies
232 Views
Last post October 18, 2016, 01:01:05 PM
by NaijaPilot
0 Replies
183 Views
Last post January 06, 2017, 07:01:53 PM
by olutee
0 Replies
43 Views
Last post September 04, 2017, 01:05:30 AM
by olutee
0 Replies
41 Views
Last post October 19, 2017, 01:01:43 PM
by sahara
0 Replies
72 Views
Last post October 21, 2017, 01:13:42 AM
by olutee
0 Replies
11 Views
Last post January 11, 2018, 07:04:34 PM
by clowntom
0 Replies
58 Views
Last post January 13, 2018, 07:06:14 PM
by NaijaPilot