Mavrodi, MMM founder writes FG; lists benefits [MUST READ!!]
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 our source, 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. Read below the full script of the letter as obtained by our c...