MMM Global Republic of BTC - Sergei Mavrodi ponzi scheme! Stay away

[phibay]

I've been seeing this MMM ponzi shit on our country for months and they just noticed it now They even held some "seminars" here in different places on our country. People here on PH were unaware that shit is a ponzi and yet still throw away some money there, knowing ly it's a legit one. But it somehow "helps"  bitcoin become more known in our country cuz I've talked to some MMM depositors saying they were introduced to bitcoin "because of MMM"   

[crairezx20]

Yea i always there in seminars but they scammed mo f*ck that promising site never paid me... If i have time to hack this site i will f*ck this site. even theres a pinoy there...

[lemipawa]

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help. What if Sergey created like hundreds of bogus accounts so he cant have a piece of his creation without investing

[crairezx20]

Beware of this site "sus tangina talaga yang website nayan". I dont trust that site all my difficulties that i do nothings happen.. just f*ck that site..... 

[LiteCoinGuy]

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help. What if Sergey created like hundreds of bogus accounts so he cant have a piece of his creation without investing

provide help and earn 1000 USD in 10 minutes  - go for it!

[Amph]

maybe halving is comming

That is about 8 month away.

it will come 3 months early, almost guaranteed, so let's say 5 months away

on the topic, there were some ponzi in the past that actually, were so stupid to reward those, that they have tried to scam, like cointellect  

[Betwrong]

MMM Global Republic of Bitcoin: Crypto's Next Scandal

https://letstalkbitcoin.com/blog/post/mmm-global-republic-of-bitcoin-cryptos-next-scandal

Millions of simple people lost their money with MMM. I hope no one from the bitcoin community will ever follow the ponzi scheme.

[Mickeyb]

How many times do we have to repeat to the people to stay away from any kind of investing in Bitcoin space at the moment. Too many scams, to much greed and in the end you have people that lose money everywhere.

Also, who loses in the end. Well Bitcoin ecosystem. Since these people fall to these scams with their stupidity! People beware and better keep your coins in cold storage.

[gentlemand]

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help.

I think in his mind that gets him off the hook legally. I can't quite see a court agreeing with that.

[InvoKing]

F*ck this site i lose my $100 to that site. it never been paid me.. That site has many fake site from japan indonesia philipines and other country so dont waste your time to that f*ck site.... he use some filipino to invested there and you will be paid in the 1st but in the next you will be get scammed... promis me...

100$  why would someone put a big amount in such site?
Even in trusted investments i only put a few money in case it turns scam and invest from what I earned..
Let's hope people stop using it which will not happen soon 

[Bifta]

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do.

Luckily I don't care about the price of Bitcoin. I care about its principles and functionality.

[rich93]

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do.

Luckily I don't care about the price of Bitcoin. I care about its principles and functionality.

The MMM Bitcoin Ponzi is being run by Sergey Mavrodi who made $10 billion from a previous Ponzi he ran. He's targeting the South African and Chinese communities. Judging by the difference in price between the Chinese and European exchanges he must be holding millions of dollars of Bitcoins from the Ponzi. If he dumps he will crash the price, but more importantly give Bitcoin bad publicity.

Customers from Shanghai-based bitcoin exchange BTCC have been receiving incredibly high profitably bitcoin investment offers which appear to be associated with the exchange.

However, this week, the BTCC team issued a warning to its customers and potential bitcoin investors that BTCC is in no way affiliated with such schemes, and that investors must consider validating the entity promoting any bitcoin related investments to ensure that its legitimacy.

http://cointelegraph.com/news/115425/btcc-ceo-bobby-lee-warns-bitcoin-investors-about-mmm-ponzi-scheme

[tmfp]

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do...

Mavrodi's Magic Money has been around for a lot longer than BTC.
I can't see a "dramatic drop in the price of Bitcoin" due to its inevitable failure, why should there be?
There hasn't been a dramatic loss of confidence in the various fiat currencies that have been used for MMM, so why should there be in Bitcoin?



Wow, they're on the ball aren't they? Where have they been for the last couple of years?

[rich93]

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do...

Mavrodi's Magic Money has been around for a lot longer than BTC.
I can't see a "dramatic drop in the price of Bitcoin" due to its inevitable failure, why should there be?
There hasn't been a dramatic loss of confidence in the various fiat currencies that have been used for MMM, so why should there be in Bitcoin?

The price will crash because he will dump his investor's Bitcoins on the exchanges when the Ponzi folds. He must be holding millions of dollars of Bitcoins, or maybe tens of millions of dollars.

When he stole the investor's money from his previous Ponzi he could just move it between bank accounts. If he changed it to another currency it wouldn't affect the market too much because the currency markets deal in a trillion dollars a day. A billion's a drop in the ocean for them.

[Pab]

mavroni,i already saw his previous scam,very much adressed and advertiised to Russia,,Philipiness,Indonesia
It is quite well organised scamer group

[Bifta]

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do...

Mavrodi's Magic Money has been around for a lot longer than BTC.
I can't see a "dramatic drop in the price of Bitcoin" due to its inevitable failure, why should there be?
There hasn't been a dramatic loss of confidence in the various fiat currencies that have been used for MMM, so why should there be in Bitcoin?

The drop in price I think will come from all of the "investors" who will lose confidence in Bitcoin (after all, all they knew bitcoin for was for MMM) and immediately start selling off. This massive dump will depress the price.

For the loss of confidence in Bitcoin, a lot of people will have only heard about Bitcoin from MMM, and when MMM collapses, they will lose confidence over Bitcoin. Then the media will get all over it and somehow spin it so that Bitcoin is related to MMM and is also bad, just like MMM.

[gentlemand]

F*ck this site i lose my $100 to that site. it never been paid me.. That site has many fake site from japan indonesia philipines and other country so dont waste your time to that f*ck site.... he use some filipino to invested there and you will be paid in the 1st but in the next you will be get scammed... promis me...

May I ask what convinced you to put money into it?

[BlindMayorBitcorn]

I feel that when this ponzi crashes, since there are so many users of it, it will cause a dramatic drop in the price of Bitcoin and a dramatic loss of confidence in Bitcoin from the people who were only using Bitcoin for MMM. And of course the media is going to be all over it and bashing Bitcoin as they typically do...

Mavrodi's Magic Money has been around for a lot longer than BTC.
I can't see a "dramatic drop in the price of Bitcoin" due to its inevitable failure, why should there be?
There hasn't been a dramatic loss of confidence in the various fiat currencies that have been used for MMM, so why should there be in Bitcoin?



Wow, they're on the ball aren't they? Where have they been for the last couple of years?

Looks like Mavrodi only recently discovered the magic of the bit market.

[lemipawa]

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help. What if Sergey created like hundreds of bogus accounts so he cant have a piece of his creation without investing

provide help and earn 1000 USD in 10 minutes  - go for it!

No way man. I would rather gamble with my coins rather than give it to someone I don't know and not sure if it will return with interest as promised. Unlike gambling, I know if I lose, I lose period, no one to blame but me.

Funny think about this MMM group, they don't want to use the word "invest" they call it "provide help", if your investment reaches it time to be withdrawn, they ask for "get help" or "withdraw", from that point those who want to invest will send BTC to those who requested for help.

I think in his mind that gets him off the hook legally. I can't quite see a court agreeing with that.

That's what networkers or those who are into MLM are doing now, they are allergic of using the term invest because the Exchange Commission might  shut down their business for taking investments while they are not an investment company, while their members commonly use that term to encourage people to put money in MMM.

[eternalgloom]

This was an obvious scam to say the least..
I've seen a bunch of their spam lately.