Founder of mmm reveals how scheme has empowered over 3 million nigerians

I'm assuming you're referring to the founder of MMM Nigeria, a popular Ponzi scheme that was active in Nigeria from 2015 to 2017.

According to reports, the founder of MMM Nigeria, Sergey Mavrodi, claimed that the scheme had empowered over 3 million Nigerians during its operation. However, it's essential to note that MMM Nigeria was a Ponzi scheme, which means it was unsustainable and eventually collapsed, leaving many participants with significant financial losses.

Ponzi schemes like MMM Nigeria operate by promising unusually high returns or dividends to investors, often with the promise of guaranteed returns. However, these schemes rely on recruiting new investors to provide the funds needed to pay earlier investors, rather than generating revenue through legitimate business activities.

In the case of MMM Nigeria, the scheme promised returns of up to 30% per month, which was significantly higher than what most legitimate investment opportunities could offer. The scheme attracted millions of participants, many of whom were lured in by the promise of easy money.

However, as the scheme grew, it became increasingly unsustainable. The scheme's operators struggled to meet the demands of investors, and eventually, the scheme collapsed in 2017. Many participants lost significant amounts of money, and the scheme was eventually shut down by the Nigerian government.

It's essential to be cautious when considering investment opportunities, especially those that promise unusually high returns. Legitimate investments typically come with some level of risk, and it's essential to do your research and understand the potential risks and rewards before investing.

In conclusion, while the founder of MMM Nigeria may have claimed that the scheme had empowered over 3 million Nigerians, it's essential to recognize that the scheme was a Ponzi scheme that ultimately caused significant financial harm to many people. It's crucial to be aware of the warning signs of Ponzi schemes and to prioritize caution when considering investment opportunities.