Tags » Ponzi

​One of the ponzi schemes in Nigeria, Ultimate Cycler has crashed, sending panic waves across many of its Nigerian members who have invested their money in it as well as those who have equally invested in others such as MMM.

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Here comes the crash, is MMM next?

​Ultimate Cycler has crashed,The ponzi website, Ultimate Cycler went down early Thursday morning, about 10:30am Nigerian time the site initially displayed an error line of code, before displaying ”Error 500” in bold letters, then it proceeded to display another message: 55 more words


MMM and The Appreciation of Risk

Unless you’re living under a rock (and even if you were), as a Nigerian you’ve heard of the new craze in town, MMM.

I, like everyone else on the more sensible (and relatively middle class) end of the spectrum have easily and accurately dismissed MMM as a Ponzi scheme. 517 more words


Boom to Doom : MMM

In coming weeks reactions from some Nigerians will continue to spur in on the #SpoilerAlert coming from the Central Bank of Nigeria (CBN) on the Mavordi Mondial Movement scheme (popularly known as the MMM scheme). 150 more words


Police corruption in Cambodia comes home to a friend

A Khmer-American friend of mine acknowledges that he made a mistake when trusting a Cambodian acquaintance.  That trust has cost him well more than $1 million, a loss he can ill-afford.   672 more words


Reality Of MLMs

I would like to start this post with an apology. Couple of years back I became part of an MLM (Which to this date I regret). 421 more words


They never said ‘If only . . .’

A baker’s dozen of real life, but different, e- books that I’ve read in the last couple of years.

Once again, from a cost point of view, the e-book has the advantage of the printed book. 1,350 more words