The money-multiplying scam, Mavrodi Mundial Moneybox, alias MMM, that collapsed months ago, has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new ‘investors’.
A letter displayed on the pages of participants of the scheme urges them to invite new members, stating that members must invite new participants and register them as referrals to qualify for the contest.
Subscribers are said to have an opportunity to win cash prizes between N30,000 and N500,000, under an exercise which the Ponzi scheme masterminds called, ‘Promo-Task Contest’.
The letter, which was captioned ‘MMM Nigeria launches Promo-Task Contest’, read in part, “MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office.
“Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner.
“The contest period is from Monday to Sunday while at the end of each week; winners are announced and awarded Mavros (cash prizes) available for output.
“In the first contest, there are 50 prizes. First place will win N500,000; second place N300,000 and third place winner will take home N200,000.
“Fourth place to 10th place winner get N100,000 each; 11th to 30th place wins N50,000 each while participants who placed 31st to 50th win N30,000 each.
“Members can complete both online and offline tasks with focus to promoting the community and contribute to the growth of the scheme.
“The promo-task contest is a serious tool aimed at community growth, and as such, would be continuously adjusted and refined to enable MMM Nigeria to overcome.”