MMM India is community wherein members help one another. Contrary to the popular belief, MMM India is not an MLM or networking company and not a business either. There are millions of participants who are willing to provide help to the other members who are in need.
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1. MMM scheme heads to India
Russia’s Ponzi schemer Sergei Mavrodi has international ambitions stretching to
India where one of his financial pyramids has been uncovered by journalists.
The localized version, MMM India (Mavrodi Mondial Moneybox), has been
operating since 2011 and, according to its website, is going to pay its depositors in
September, after the calculation of referral bonuses is complete.
“The reason being our programmers are working in ‘live mode’,” which makes the
calculation process a little slow. Please cooperate and do not panic,” the website
announced in poorly written English.
• Financial pyramid
MMM’s official website states clearly that the project is a financial pyramid,
different from all others – “be it insurance companies, pension fund or world
currencies” there is just one distinct feature.
• utlook dubious
No information has been provided on the scheme’s results in India, Vedomosti
reported. Analyst Pyotr Topychkanov from the Centre for International Security at
the Institute of World Economy and International Relations, was dubious about
the outlook for Mavrodi’s Indian enterprise.
• Rumors refuted
One of the latest news items published on MMM India’s website concerned some
rumors about the scheme’s future. “They are trying to create panic and use it for
their personal vengeance,” the post read.