Mmm global

[ElectricMucus]

I think the rise of bitcoin from 250 to 500 is not just caused by MMM. Otherwise there is no reason for it to drop from 500 to 350. There is no news about the collapse of the Ponzi scheme.

The rise from 200 to 300 probably was caused by MMM and the rise from 300 to 500 by speculators who think MMM will drive up demand. Or the other way around.
That is not entirely without merit though as it would be boring if prices continue on their downward slope now and that ponzi could attract lots of people who have no regard for their losses because they think they can cash out before it collapses.

[tmfp]

Where does the main man siphon off his money if it's all peer to peer?

It's peer to peer via conversion into Mavros, MMM's centralized tokens/coin, the exchange rate for which is determined by the admin.

http://mmmglobal.biz/faq/

Mavro is a conventional unit for measurement of participant's contribution in MMM. For instance, if a participant has granted $100, he receives 100 mavro-dollars. Possible Mavro’s growth rate is 30% per month. The amount of mavros in the participant’s PO shows the maximum amount of assistance he can ask for. For example, if the participant has 100 mavro-dollars, he can ask for $100 assistance. The number of growing mavros and progressive calculation of the amount of help can be seen directly in your PO in the section “Mavro”. Attention! Mavro is not a currency, it is not any kind of debt obligation or other form of financial assets. With mavros, you can’t buy any goods or services. At any time the number of mavros, rate of growth and the types of mutual-aid programs can be changed in the interest of the stability of the Community in order that participants continued to get help.

[hector3115]

Sergei better start drumming up some new money quick or this ponzi won't survive the first month!!!!!

[tmfp]

He's having some trouble with his new customers victims already, there was an alert on MMM Global this morning warning of people trying to scam by direct contact, pretending that transfers had been made.
I thought I'd screenshot it, but I didn't 

[lemipawa]

He's having some trouble with his new customers victims already, there was an alert on MMM Global this morning warning of people trying to scam by direct contact, pretending that transfers had been made.
I thought I'd screenshot it, but I didn't 

That's not new in the MMM world, they don't rely on sending TXID as proof that an amount was sent to the other parties BTC address, what they do is screen shot the transaction and send the screen shot to the other party. Sending TXID is optional. I've seen complaint's in their Facebook Page about photo shopped screen shot, and some are even complaining about incorrect amount sent like missing a few Satoshis.