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MMM Global: British Newspaper Exposes ‘Wonder Bank’ Taking Over Africa

A regenerated ponzi scheme promising higher interest returns on investment which has been sweeping all across Africa has attracted the experts to call for caution…
Thousands of investors are feared to have lost their money after a pyramid scheme run by a convicted Russian fraudster crashed, somewhat predictably, in Zimbabwe.

MMM Global has swept across Africa, with branches promising returns on investment of 30 per cent a month in South Africa, Zimbabwe, Nigeria and some east African states.

It is masterminded by the former Russian politician Sergey Mavrodi, who went on the run when the original MMM – standing for Mavrodi Mondial Moneybox – collapsed in the late 1990s, losing investors an estimated $100m.

On its website, MMM Global unashamedly advertises itself as a scheme whereby new members “assist” older members by paying a fee to join. Older members are allowed to withdraw money after a certain period of time, and receive bonuses for encouraging others to sign up.

Mavrodi himself is reported to have gone into hiding after a separate entity designed to reward investors with the cryptocurrency bitcoin – dubbed the “Republic of Bitcoin” – folded in April this year.

And since then, a criminal investigation has been launched into MMM Global’s branch in South Africa, after a probe by the National Consumer Commission “found something” to suggest the scheme was acting illegally.

With Zimbabwe’s traditional financial institutions in jeopardy and the country gripped by an economic crisis, thousands turned to MMM Global as an investment that was avowedly independent of government control.

That’s despite a warning from the Reserve Bank of Zimbabwe that the scheme was fraudulent. RBZ warned members of the public that existing investors were “paid money not from genuine market investment of their funds, but from contributions made by new investors, until a point when the scheme can no longer attract new investors”.

Sure enough, users reported being unable to withdraw any funds earlier this month.
One told The Herald newspaper: “When we started putting our funds in the scheme one could get assistance within seven days but things later changed to 14 days and when we were shut out the waiting period was 21 days.

“What it simply means is that the number of people in need of help has outnumbered the number of people joining. Right now we have nowhere to get our money which we invested.”

Despite the cautionary tales of Zimbabwe and South Africa – and indeed the original MMM scheme – a branch is now proving increasingly popular in Nigeria.

The Central Bank of Nigeria has been forced to step in, warning consumers not to deposit money in any institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC).

The bank’s comms director, Isaac Okoroafor, described MMM Global as “a new Ponzi scheme … that is spreading like wildfire”.

“These people always come with very interesting propositions,”
Mr Okoroafor said. “These are fraudsters who are just out there to collect people’s money and run away as soon as they hit their target.”

MMM Global’s members across Africa continue to defend its legitimacy, publishing screengrabs showing withdrawals as proof the scheme pays out.

In South Africa, where a Ponzi scheme is defined as any investment where the return is 20 per cent higher than the repo rate (currently 7 per cent), an anonymous member told business website Fin24: “MMM honestly tell people how it really works and do not promise people any return on the investments.

“As a donation programme, how is it possible to lose your donation? In MMM people ask each other to help them. It depends on the members themselves to maintain the continuation of the process of the provision of help to each other.”

A number of South African banks have now started shutting down accounts they believe could be linked to MMM, while in Zimbabwe the trusted mobile money transfer company EcoCash has distanced itself from the scheme, saying it is “not liable for any losses arising from the use of EcoCash to engage in illegal activities such as Ponzi schemes”.

Culled from the Independent UK

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“Couples who sleep naked have a happier relationship” – Survey

A new survey has revealed that couples who sleep naked have a happier relationship.

The study from Cotton USA asked couples what they slept in at bedtime and then asked them to rate how happy they were in their relationship.

According to the results, 57 percent of those who slept in the nude said they felt happy, compared to 48 percent of pyjamas wearers, 43 percent of nightie wearers and a mere 38 percent of people who wore pants, bum shorts, etc.

Stephanie Thiers-Ratcliffe of Cotton USA said that one of the leading factors for this was that the nakedness encouraged intimacy and openness, thanks to the skin-on-skin contact and the feeling of soft bedding.

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Guys! Ths is what happens to the pen*s as you get older, according to science

Our bodies change with age, but how about the most private parts? What happens to Pen.!s when it ages? Let’s get some clear answers.

So, guys, what can you expect to happen to your Pen.!s when you grow older? These clues will prepare you for the inevitable changes.

How Pen.!s changes with age?

Length

When most men are born, their Pen.!ses reach only 4 cm in length! The average size ranges between 16 and 23 cm. Does it decrease in size, when you grow old? Not exactly, but things change. For instance, if you gain much weight, your Pen.!s looks shorter. The fat is located in the lower part of your belly and covers up part of the Pen.!s shaft. However, in your 60s or 70s the Pen.!s can actually a bit shrink in size by some 2-3 cm.

Testicle size

After 40 they decrease by 1 third of their size. Healthy younger men have them around 3 cm in size, while the older guys may have only 2 cm size balls.

Working condition

The performance changes, too. When you turn 40, your S3@.x:’ual activity and the amount of male hormones in the body decreases. In the youth a healthy man may have S3@.x:’ several times a day, in the later age erectile dysfunction may change things for worse. The muscles weaken and the vessels get clogged. It also contributes to weaker erection. So, having S3@.x:’ few times a week is great, when you age.

man

Enjoyment

It greatly depends on the sensitivity of your male organ. Unfortunately with age it decreases a bit, but it’s good for those guys, who come too fast. Now they have more chances to gain control and boost the duration of their performance in bed.

Looks

You start losing your head hair with the age, but that’s not it. Men also lose their pubic hair and their Pen.!ses change the color a bit.

Time spares no one, so enjoy your S3@.x:’ life in the  young age, but do not worry, over 80 percent of men maintain their male organs in great working condition even being seniors.

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Guys beware! It is dangerous to have s*x in these 4 situations

Is S3@.x:’ always good? There are times when you should stay away from it, and every man should know the reasons not to get busy! This list may surprise you.

List of 4 reasons why not to have S3@.x:’:

Besides the obvious thing – not being the husband of the lady you plan to enjoy, there are other reasons to keep away from intimacy. Here they are.

1. At your bachelor’s party

party

You are a groom and your friends bring in some girls to have fun at your last bachelor’s night out. It’s the worst possible idea to get busy with a stripper or some strange girl. You have picked that woman to be your wife for a reason. Keep it in mind, when other ladies offer fun to you. You do not want to start your married life with cheating. What you sow, you will reap!

2. Alcohol

alcohol

Either you or she or both of you are drunk. How much is too much? 3 to 5 drinks can make you less wise in your decisions and less cautious. Consuming alcohol, you become more open for risky things, such as unprotected S3@.x:’. And you put yourself and the other person in danger of getting SDTs (HIV and other love bugs) or impregnating the woman.

Such a situation is highly undesirable. So, if you drink too much, make a rule to abstain from S3@.x:’ with a new girlfriend.

3. At her parents’ house

house

That’s not the best location for the love games. They may return home unexpectedly. Or if they are home, they may enter her room any time and catch you at it. It’s a very embarrassing situation.

4. When you wish to marry her

marry

She is a V!rg!n, and you have made up your mind to marry her. But you want her so and think: what if we do it now? Why wait for the wedding night? Stop! You are going to ruin it all. Waiting does not kill anyone. Just set the date and you won’t regret it. As waiting double the pleasure on the first night!

These reasons should stop you and make you think. S3@.x:’ is not always a good idea, and it can be dangerous and has the power to ruin your life when done at the wrong time and with the wrong person.

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