Kingsway International Christian Centre (KICC), a 12,000-member mega church in Britain headed by Mathew Ashimolowo, has lost $4.8 million to a Ponzi scheme after trustees carelessly invested money in it. The scam was the brainchild of former premier league soccer player, Richard Rufus, who used … [Read more...]
Hmm… See what MMM Nigeria’s top guiders Wife had to say about the Ponzi Scheme
Chiamaka Chuddy Ugorji wedded her husband Chuddy Ugorji in a lavish wedding that went viral on Saturday, November 12, 2016. Chiamaka & Chuddy's wedding which took place at Elshadai Covenant Church, 7 social club road, Abulegba Lagos, witnessed large turnout of well-wishers and MMM guiders and … [Read more...]
MMM has closed Buisness… Nigerian Participants begins to wail
For Nigerians that invested, hoping to have a good Christmas celebrations by cashing out of Mavrodi Mondial Moneybox (MMM), their plans may have to be revised as the alleged Ponzi scheme has frozen accounts of its participants in Nigeria for one month. The operators of the scheme said in a … [Read more...]
Access Bank sends out letter warning Members involved in the MMM Ponzi Scheme (See Letter)
The Access Bank of Nigeria has come out to warn their customers to be careful of any deposit money institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC). In a letter the bank sent to its customers, Access Bank cautioned that those involved in the controversial ponzi … [Read more...]
