Ponzi scheme company (MMM) Founder,
Sergey Mavrodi has allegedly written an open
letter to the Federal Government of Nigeria
explaining the benefits of the scheme.
According to www.nan.ng the letter was
displayed on the page of all participants of the
Scheme.
Recall the the Securities and Exchange
Commission (SEC) and the Central Bank of
Nigeria (CBN) had warned Nigerians against
participating in the scheme which it described
as a “Ponzi”.
The House of Representatives in October also
ordered an investigation into the operation of
the scheme.
According to the letter, Mr Mavrodi implored
the government to look at the benefits of the
scheme rather than be against it without
knowing how it was helping Nigerians.
He insisted that if the government was really
interested in the welfare of the Nigerian
participant, then the scheme should be left
alone arguing that MMM was helping the over
3 million Nigerian participants.
Sergey Mavrodi of inventor MMM
Read below the full script of the letter as
obtained by our correspondent from the
Dashboard of one of the participants.
Open Letter from Sergey Mavrodi to the
Nigerian Authorities
Honorable authorities,
So far MMM has come under a constant attack
from you. In this regard, I would like to ask
you a few simple questions. Since you are
concerned with the interests of millions of your
fellow citizens, I hope that you would be so
kind to answer them.
What are you trying to get? Do you want the
MMM System to collapse and millions of
people to suffer? Who will support them then if
now MMM is their only means of livelihood?
Will you? You even don’t pay wages to people?
Or might you not care about them? Might you
be using a trendy topic to make a good name
for yourselves? What will you say to a mother
who will have no money to buy food for her
child? Will you let her child die for the sake of
the higher interests of the economy?
You say that MMM is a scam.
What is the scam here, if all members are
warned in advance about all the risks, the
possible and impossible ones? They know
there are no investments at all. The warning is
a red text on a yellow background placed on
most prominent place of the website.
You say that MMM is bad. Why? Yes, it
produces nothing, but nothing gets out of the
country either. The money is just redistributed
among the citizens of Nigeria. It gets from
those who are richer to poorer ones, in this
way restoring social justice. What”s wrong with
that?
You have repeatedly stated that “it should be
investigated!.. researched!..” It means you
know nothing about this System yet; you even
haven’t understood how it works………
And finally. If you know what is right for
people, why is the life so bad in the country?
Sincerely yours,
Sergey Mavrodi
P.S. As for your statement that “everything will
collapse soon”. The system has been working
in Nigeria for a year, and according to your
estimates, the total number of members now
is about 3 million people. In Nigeria the
population is approximately 195 million. Can
you calculate? Will it be “soon”?