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MMM Nigeria Ponzi founder Sergey Mavrodi tells Nigerian journalists to stop writing lies

Sergey Mavrodi who founded MMM has reportedly written a letter to Nigerian journalists.

  • Published: , Refreshed:
Sergei Mavrodi, play

Sergei Mavrodi, founder of MMM

(MMM Daily )

There are reports that the founder of Ponzi scheme MMM, Sergey Mavrodi has written a letter telling journalists to stop writing lies about the scheme.

In a letter that appeared on the dashboard of the Ponzi scheme participants, Mavrodi wrote that Nigerian journalists should stop misinforming the public about MMM and should stop trying to create panic among Nigerians who have invested in the scheme.

You can read the full letter below;

Sergey Mavrodi's letter to journalists play

Sergey Mavrodi's letter to journalists

(Bella Naija )


"Dear journalists, ‘analysts’ and all kinds of ‘experts!’ Please stop using MMM to gain cheap popularity.

"Leave us alone and let us work without interference. I’m just astonished by your irresponsibility and cynical attitude. Interests of millions of people, your fellow citizens are at stake. Don’t you have any sympathy for them? Why are you fueling hysteria around MMM and provoking a panic? Why are you doing this so diligently and persistently, what is your purpose? “In fact, absolutely all your provocative and worthless articles and ‘analyses’ (I said ‘worthless’ because you do not have any real information about what happens in the System, and might have never had; you simply invent everything, fabricate it) are merely negative: ‘MMM has collapsed!!!.. MMM will not be working in January!!!..’ etc.

MMM Nigeria enters pause mode over Sergey Mavrodi's death play

MMM Nigeria



"Are you intentionally presenting all of it in such a manner and whipping up tension by any means possible in order to increase the ratings of your publications and attract attention to them? Don’t you care about people at all? So, nothing has collapsed, and MMM will safely resume its work in January, as announced. Suspension of work for holidays is a usual thing, merely working moment, no more than that.

"It would have remained a normal, just a part of the usual routine, and might have gone almost unnoticed if it were not for your totally cynical and irresponsible attempts to advertise yourself, create a scandal out of nowhere, and make the most of this news topic in any possible way.

"Again, leave MMM alone and let us work. Nothing has collapsed, and MMM will perfectly resume its work in January. We Can Change the World!."

MMM announces that it is freezing operations for a month play

MMM announces that it is freezing operations for a month

(MMM Nigeria )


This is not the first letter Mavrodi has reportedly written regarding the operations of MMM in Nigeria. On Monday, December 12, 2016, the founder of MMM wrote an open letter to the Nigerian government. This letter came out days before the Ponzi froze operations in December which caused panic among investors.

MMM Kenya's Facebook page play

MMM Kenya's Facebook page

(Facebook )


MMM has however opened up shop in Kenya. MMM Kenya promises better returns for investors in the Ponzi scheme. 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.

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