Crypto Investors Beware As MMM Global MLM Opportunity Keeps Rebooting To Scam New Members
MMM Global Review
Today we will talk about MMM Global, a Ponzi scheme that keeps going on despite being, well, a Ponzi scheme. Right off the bat, we have to tell you that you should not invest in this company, however, if you want the reasons for why you should not do it, read on.
About MMM Global
MMM Global is a notorious and actually quite old Ponzi scheme. So if you are still wondering “is MMM Global a scam?” Yes, it is. The company was founded in 1989. Yes, this is one of the oldest Ponzi schemes to date. The company’s founder is Sergey Mavrodi, which died last year. Despite this, the company is still moving on.
However, in the past few years, the company had to revamp its image in order to stay relevant in the market. Ponzi schemes generally die fast and this one is the complete opposite of that. In order to clear its image and start anew, the company has decided to embrace crypto fraud. Now, you can be scammed using cryptos.
The strategy of the company is to target developing countries and to have very localized operations, which will fall apart in time. Most of the sites are exact copies of the older ones, just using different domains.
At the moment, nobody is actually sure who is running this popular scam “brand”. Some people believe the scammers are Russians or Indians, while others believe that they are South Africans because they accept the local fiat currency ZAR.
How Does MMM Global Work?
The company often changes the way it works, but some points are all the same. It never actually sells anything, it just says that your profit comes from crypto mining, investments, etc. Which are all lies.
At the moment, you can either invest your money for an expected daily return or you can use the multi-level marketing affiliate business to convince other people to join this scam. Neither option is very advisable, actually.
Returns are said to be 90% in 30 days, which is also wrong. Referrals work until the fifth level. You get 10% from the people you recruited (first level), 5% from second level, 3% from third, 2% from fourth and finally 1% for fifth level referrals.
Participation requires a fee of 100 ZAR.
The MMM Global Verdict
Well, it’s a scam and you should not invest in it. In fact, this company is one the oldest and lamest scammers in the scene. You can only make some money if you enter as soon as the scam started, but chances are that you will simply lose all your money. Just avoid companies like this one and stick to investing in actual cryptos or using trustworthy companies.