After freezing its opera­tions in Nigeria, Mavro­di Mundial Moneybox, popularly known as MMM, has moved to Kenya, promising sub­scribers 40% returns.
The website www.kenya-mmm.net has gone live and the domain name was created on Friday, August 12, 2016.
In Nigeria and South Afri­ca, MMM promised a 30% re­turn for people who participated in the pyramid scheme. MMM Kenya promises 40% returns. “40%” was written boldly and clearly on the website.
MMM Kenya domain’s name was registered in 133, Sakura House in Tokyo, Japan. The registrant’s name is Anon­ymous Speech.
MMM Kenya already has a Facebook account and You­Tube account. Kenyans are al­ready trooping to sign up for the Ponzi scheme. There are al­ready hundreds of testimonies and presentations on the You­Tube channel.
The Ponzi scheme has al­ready crashed in South Afri­ca and Zimbabwe. On Tuesday, December 13, 2016, MMM an­nounced it was freezing opera­tions in Nigeria with a promise to normalise operations in Jan­uary 2017.
This week, the founder of the controversial Ponzi scheme, MMM, Sergey Mavrodi report­edly wrote an open letter to the Nigerian government.
In his letter titled ‘Open Let­ter from Sergey Mavrodi to the Nigerian Authorities’, the Ponzi scheme founder said MMM is meant to restore social justice as it redistributes wealth from rich Nigerians to poor Nigerians.
He asked the government why they want MMM to fail, and noted that the failure of the scheme would bring more hard­ship to Nigerians who are al­ready suffering. He accused the Nigerian government of trying to look good by calling MMM a scam.