The MMM Founder, Sergey Mavrodi has berated the Federal
Government (FG) for the recent frozen of all bank associated to the scheme,
reports ITRealms.
In a letter, ITRealms gathered, displayed on the page of all
participants of the scheme, Mavrodi told FG in his submission wondered that if
they (FG) know what is good for Nigerians, why then is life so hard for the
citizens.
“And finally. If you know what is right for people, why is the
life so bad in the country?,” he stated.
ITRealms recalls that the Nigeria’s Securities and Exchange
Commission (SEC) and the Central Bank of Nigeria (CBN) recently warned
Nigerians against the MMM scheme which it described as a “Ponzi”.
A Ponzi is scheme game based on a fraudulent investment
operation where the operator, an individual or organization, pays returns to
its investors from new capital paid to the operators by new investors, rather
than from profit earned through legitimate sources.
Just as the House of Representatives last October ordered an
investigation into the operation of the MMM scheme.
Excerpts from Sergey Mavrodi’s letter to the Federal Government,
reads:
“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”? :-)”
•Source: NAN.
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