MMM, the “online Ponzi scheme” that collapsed in South Africa in , is offering a Bitcoin-based currency to users, reported Fin MMM Global has announced that it is closing its Republic of Bitcoin, a website promising up to % returns on donations. MAVRO% IS AVAILABLE WHEN PROVIDING HELP IN BITCOIN · From now on, there is an opportunity for all of the participants of MMM RSA to acquire. HOW TO VOTE USING CRYPTOCURRENCY

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By august , Sergey Mavrodi was arrested for tax evasion by the Russian authorities and again he was arrested for fraud in He spent his time in prison until he was convicted of the offense and sentenced to prison for four and a half years, most of which was considered as time served, leading to his release within a month of sentencing. Soon after his release, Sergey created another pyramid scheme and called it MMM Since then, the scheme has expanded to various countries across the internet and most of the countries have a dedicated scheme.

The South African edition of MMM started in and the ones who had invested initially seems to have received good returns. Could you be next big winner? MMM Global cannot sustain paying A website that investigates multi-level marketing schemes predicted the collapse a few days before it happened.

On April 9, it revealed the implosion. And as long as affiliate investment is the only source of revenue entering the scheme, any MMM Global scheme will ultimately collapse. Those unlucky enough to live in countries where MMM Global runs secondary scams like South Africa , were informed their accounts would be transferred over. Have you been affected?

And people will be able to continue to participate and will continue to receive help on the South African Platform. MMM does not offer any return or an interest rate. As a donation programme, how is it possible to lose your donation?

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