IS "MMM" REALY GENUINE OR IT'S JUST A SCAM

The launching of Mavrodi Mondial Moneybox popularly known by its abbreviation, MMM, into the country sent Nigerians into a "time rush" as many hop into the quick money trend
The company which was founded in Russia 1989 by Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova attained a speedy increase but in 1994, MMM came crashing down as it was closed over tax evasion. Described as the biggest Ponzi scheme in the 1990s, it was estimated that thousands of people lost up to $10 billion dollars. The scheme which has been banned in China has found its way to South Africa, Zimbabwe and recently Nigeria where it has attracted “investors” who put money into it and receive 30 per cent “profit” ant the end of the month. Sergei Mavrodi was found guilty in 2007 in a Russian court of defrauding 10,000 investors and sentenced to four and a half years in prison HOW DOES MMM REALLY WORK??? Members are asked to register and put in money and after 30 days, they receive a 30% profit plus the invested money. Due to the larger number of people who participate, it is possible for money to circulate in a case described as robbing Peter to Pay Paul

For example, if a memver invests N20,000, he will receive N26,000 at the end of a month while there is also the promise of more money if an “investor” invites 5 new people to participate and registers them under him through a referral link the original member will get after successful registration under MMM