Origin of MMM - MMMBSC - Official Website

Sergei Mavrodi of MMM fame is using bitcoin in his latest Ponzi scheme.

Coindesk post: Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".
Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.
"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:
"This time it's not speculative trading but based on them getting sucked into this ecosystem."
MMM mastermind: https://en.wikipedia.org/wiki/Sergei_Mavrodi
News mentioning MMM and bitcoin: http://mg.co.za/article/2015-09-10-rich-pickings-for-russian-con-artist
Ponzi site: http://rsa-mmm.net/
MMM rules: "There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may "lose". "Win" might not be paid. Without any reasons or explanations. And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))"
Facebook: https://www.facebook.com/MMMGlobal.SouthAfrica
Additional proof he is using BTC to fund his Ponzi: http://i.imgur.com/g47OEq4.png and http://i.imgur.com/CgI6mMa.png
MMM's user finance page with BTC conversions: https://www.youtube.com/watch?v=jVJuSGNykBM
submitted by jron to Bitcoin [link] [comments]

How to Add a Bitcoin Account to MMM My take on Restart for MMM South Africa Bitcoin-based MMM Global goes bust MMM South Africa - YouTube MMM South Africa - YouTube

in October 2015 the bitcoin price increased by 97 %, and the Financial Times reporters linked it to MMM. The popularity of MMM is growing, the interest towards Bitcoin is on the rise, and the cryptocurrency exchange rate is going up. From early 2017 and up until today, the bitcoin exchange rate has risen by 160 %. Luno makes it safe and easy to buy, store and learn about Bitcoin in Indonesia, Nigeria, Malaysia and South Africa. Note: on 31st of August 2017 all operations are going well. Web site: Luno.com In this paper, we focus on Ponzi schemes that operate on Bitcoin and perform an in-depth analysis of MMM, one of the oldest and most popular Ponzi schemes. Based on 423K transactions involving 16K addresses, we show that: (1) Starting Sep 2014, the scheme goes through three phases over three years. MMM, the online Ponzi scheme that collapsed in South Africa and Nigeria in 2016, is attempting to reboot its scheme by offering a Bitcoin-based currency to all users around the world. The South African wing of MMM-Global-Bitcoin Bitcoin Republic is a branch of MMM's foreign division. With Bitcoin payment, no borders would exist and global participants would have no barriers for money transfer. Every day, there were people from different countries participating in MMM-Global, including Africa, Asia, Europe, Australia and America.

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How to Add a Bitcoin Account to MMM

MMM South Africa - 072 655 7713 - MMM South Africa - Duration: 9:30. Johannes Otto 356 views. 9:30. ... Alexander 亞歷山大 MMM GLOBAL2 BitCoin SERGEY MAVRODI 1,129 views. 14:29 Consumer journalist Maya Fisher-French discusses the reported collapse of the MMM investment scheme and whether investors have been had. How to use Bitcoins inside MMM east africa can be a challenge to many this video makes it easy for people to add the bitcoin account to MMM East Africa Learn more at www.mmmstart.com bitcoin ... Representatives claim MMM South Africa is not a Ponzi scheme - Duration: ... Blockchain & Bitcoin Africa Conference 2016 ... The iCE3X bitcoin exchange South Africa - Duration: 16:43. MMM South Africa Sergey Mavrodi's Address to Beginners - Duration: 3 minutes, 51 seconds. ... How to send Bitcoins to a receiver from AltCoinTrader.co.za - Duration: 2 minutes, 21 seconds.

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