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MMM pulled the biggest Ponzi Scheme in history, yet branches are still operating in Nigeria and South Africa. They've now shifted their focus from hard cash to crytocurrency: Bitcoin.

MMM pulled the biggest Ponzi Scheme in history, yet branches are still operating in Nigeria and South Africa. They've now shifted their focus from hard cash to crytocurrency: Bitcoin. submitted by The_Mix_Kid_x to antiMLM [link] [comments]

MMM and Bitcoin: Russian Ponzi mastermind Sergei Mavrodi is dead, but his legacy lives on in crypto

MMM and Bitcoin: Russian Ponzi mastermind Sergei Mavrodi is dead, but his legacy lives on in crypto submitted by BarcaloungerJockey to Buttcoin [link] [comments]

For those of you who doubt just how big the MMM ponzi is. Bitcoin is fueled by the worlds first global Pyramid drawing in millions of poor people with smartphones.

For those of you who doubt just how big the MMM ponzi is. Bitcoin is fueled by the worlds first global Pyramid drawing in millions of poor people with smartphones. submitted by nagdude to Bitcoin [link] [comments]

Bitcoin in Africa is driven by MMM Mavrodi ponzi scheme

Bitcoin in Africa is driven by MMM Mavrodi ponzi scheme submitted by lingben to Buttcoin [link] [comments]

The same day MMM (global ponzi scheme using bitcoin) announces it is pausing operations, the bitcoin price drops $20 in a minute. This is totally coincidental and the recent $100 spike was caused purely by fundamentals and adoption

So MMM has been making rounds for the last few weeks in China causing huge demand for bitcoins. But it has officially paused operations causing the bitcoin price to immediately react. So I guess bitcoin will not go viral all over the world and a ponzi scheme will actually NOT be causing mass buttcoin adoption.
For now let's all use this amazing opportunity to buy the dip (and don't ask questions!) and scoop up some cheap coins! And remember, this dump? It's great for bitcoin!
submitted by realitycheck123456 to Buttcoin [link] [comments]

Bitcoin MMM Ponzi shuts down

Bitcoin MMM Ponzi shuts down submitted by drhelmutp to Bitcoin [link] [comments]

Bobby Lee of BTCC: "We've had reports of dubious "investments" [MMM, by Sergei Mavrodi] involving bitcoin. These may be ponzi schemes designed to steal your bitcoins."

Bobby Lee of BTCC: submitted by eragmus to Bitcoin [link] [comments]

MMM and bitcoin: Russian Ponzi mastermind Sergei Mavrodi is dead, but his legacy lives on in crypto

MMM and bitcoin: Russian Ponzi mastermind Sergei Mavrodi is dead, but his legacy lives on in crypto submitted by -Ph03niX- to ConspiracyII [link] [comments]

Facebook Blocks Outbound Links To MMM Global, The Bitcoin Ponzi Scheme

Facebook Blocks Outbound Links To MMM Global, The Bitcoin Ponzi Scheme submitted by Cryptofortune to Bitcoin [link] [comments]

Maksim Oreshkin: Bitcoin price is ‘like MMM Ponzi Scheme’

Maksim Oreshkin: Bitcoin price is ‘like MMM Ponzi Scheme’ submitted by Camilajane to Crypto_Currency_News [link] [comments]

MMM and bitcoin: Russian Ponzi mastermind Sergei Mavrodi is dead, but his legacy lives on in crypto

MMM and bitcoin: Russian Ponzi mastermind Sergei Mavrodi is dead, but his legacy lives on in crypto submitted by SpecialAgentRando to conspiracywhatever [link] [comments]

What's causing recent bitCoin price bubble? Not Willy 2.0, not Gemini, not halving. Enter 'MMM' - Russian Ponzi.

What's causing recent bitCoin price bubble? Not Willy 2.0, not Gemini, not halving. Enter 'MMM' - Russian Ponzi. submitted by Institutional_Invest to Buttcoin [link] [comments]

PSA: Be Careful, the MMM Ponzi scheme is huge in China and may be partially causing this pump. Here's a list of some of the money being claimed in bitcoins.

PSA: Be Careful, the MMM Ponzi scheme is huge in China and may be partially causing this pump. Here's a list of some of the money being claimed in bitcoins. submitted by Mage777 to Bitcoin [link] [comments]

Putin sponsors legislation to criminalize ponzi schemes in Russia. That probably explains MMM's Republic of Bitcoin's sudden demise. Could it be the reason why trade volume at Huobi and OKCoin dropped like a stone on 2016-03-31?

Putin sponsors legislation to criminalize ponzi schemes in Russia. That probably explains MMM's Republic of Bitcoin's sudden demise. Could it be the reason why trade volume at Huobi and OKCoin dropped like a stone on 2016-03-31? submitted by jstolfi to btc [link] [comments]

MMM Nigeria: Notorious “Ponzi Scheme” Enables Bitcoin for Payments

MMM Nigeria: Notorious “Ponzi Scheme” Enables Bitcoin for Payments submitted by BobsBurgers3Bitcoin to btc [link] [comments]

MMM ponzi is good for bitcoin because...

MMM ponzi is good for bitcoin because... submitted by dyzo-blue to Buttcoin [link] [comments]

Bitcoin in Africa is driven by MMM Mavrodi ponzi scheme

This is the best tl;dr I could make, original reduced by 87%. (I'm a bot)
The scheme associates itself closely with Bitcoin in its marketing materials, explaining that "MMM and Bitcoin have similar ideologies: they strive to defeat the social inequalities, to free people from banks, and to make the world fairer."
After countries like South Africa and Nigeria attempted to shut them down in 2016, MMM paused their operations, only to return at the beginning of 2017 with a new marketing focus: Bitcoin.
For those who might find it daunting to set-up a Bitcoin wallet, MMM provides step-by-step documentation, suggesting that "You can start using Bitcoins even if you don't know all the technical details." In many ways, MMM has provided one of the most consumer-friendly support services for new users of the cryptocurrency.
That's precisely what happened in 2016, when MMM abruptly shut down their first Bitcoin-based ponzi scheme.
While accounts were frozen, MMM encouraged users to participate in "Promo tasks" to enlist new people to their local MMM branch, promising that if their country developed a big enough network they would eventually get their money back.
These public service announcements are easily lost in the deluge of misinformation and marketing materials produced by large ponzi operations like MMM. Like many multi-level marketing schemes, MMM rewards participants for promotional work, such as recording testimonial videos and holding recruitment sessions in their homes.
Summary Source | FAQ | Feedback | Top keywords: MMM#1 Bitcoin#2 world#3 Cryptocurrency#4 new#5
Post found in /Buttcoin, /Economics, /Bitcoin, /economy, /BitcoinAll and /Bitcoincash.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Russian Official Compares Bitcoin Price with Infamous Ponzi ‘MMM’

Russian Official Compares Bitcoin Price with Infamous Ponzi ‘MMM’ submitted by Lukovka to CryptoCurrencies [link] [comments]

Bitcoin Price Is ‘Like MMM Ponzi Scheme’: Russian Economic Minister

The head of Russia’s Ministry of Economic Development has compared Bitcoin to the infamous Ponzi scheme MMM.
Speaking at the Federation Council, Maksim Oreshkin repeated the theme of “unqualified investors” buying into cryptocurrency being “dangerous.”
“Because if you look at the dynamics of the Bitcoin price, they’re very like the price of MMM,” he said quoted by local news outlet RIA Novosti.
MMM originated in Russia in the late 1980s as the product of serial fraudster Sergey Mavrodi. Law enforcement shut the scheme down and arrested Mavrodi in 2003, but in 2011 MMM resurfaced and is now aggressively targeting consumers in Africa.
“There are very high risks here for those who are interested [in Bitcoin],” Oreshkin continued.
“It’s clear the state cannot protect these people; their actions come entirely at their own risk. I’m simply calling for everyone to be very careful with this issue.”
The minister’s comments continue the increasingly contradictory position Russian authorities have taken on Bitcoin.
A similar offer to restrict Bitcoin to “qualified investors” came from the country’s deputy finance minister Alexey Moiseev earlier this month, while central bank head Elvira Nabiullina said she was “categorically against” allowing it on the Moscow Stock Exchange.
At the same time, state-sponsored efforts to involve Russia in mining continue to gather speed as China’s supremacy seemingly becomes cause for envy.
submitted by ctmediagroup to Bitcoin [link] [comments]

Bitcoin Price Is 'Like MMM Ponzi Scheme': Russian Economic Minister – CoinTelegraph

submitted by leftok to atbitcoin [link] [comments]

Sergei Mavrodi of MMM fame is using bitcoin in his latest Ponzi scheme.

Coindesk post: Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".
Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.
"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:
"This time it's not speculative trading but based on them getting sucked into this ecosystem."
MMM mastermind: https://en.wikipedia.org/wiki/Sergei_Mavrodi
News mentioning MMM and bitcoin: http://mg.co.za/article/2015-09-10-rich-pickings-for-russian-con-artist
Ponzi site: http://rsa-mmm.net/
MMM rules: "There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may "lose". "Win" might not be paid. Without any reasons or explanations. And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))"
Facebook: https://www.facebook.com/MMMGlobal.SouthAfrica
Additional proof he is using BTC to fund his Ponzi: http://i.imgur.com/g47OEq4.png and http://i.imgur.com/CgI6mMa.png
MMM's user finance page with BTC conversions: https://www.youtube.com/watch?v=jVJuSGNykBM
submitted by jron to Bitcoin [link] [comments]

Bitcoin Price Is Like MMM Ponzi Scheme: Russian Economic Minister /r/Bitcoin

Bitcoin Price Is Like MMM Ponzi Scheme: Russian Economic Minister /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Uniswap & Ampl Bitcoin Down To $8000 - $700m BTC Ponzi Scheme Arrest ‍♂️ Ponzi Scheme Script Like MMM February 2017 Update REVIEW MMM! PONZI SCHEME FROM RUSSIAN SCAMMER. Bitcoin Ponzi Scheme? Scam Alert! Is Bitcoin A Ponzi Scheme?

The police department soon determined that MMM was a Ponzi scheme and five people were arrested. Mavrodi’s various program,” and adds that “he wants to beat Bitcoin and make MMM Coin the MMM Global has announced that it is closing its Republic of Bitcoin, a website promising up to 100% returns on donations. The company, called a “Ponzi” scheme by many, stated in a blog that the Republic of Bitcoin was an experiment that has failed.. The post said the Republic of Bitcoin is closing because it could not pay 100% per month. Investigating MMM Ponzi scheme on Bitcoin Technical Report, December, 2019 Figure 2: BitcoinTalk user profile showing a link to MMM. we used it as a source to collect Bitcoin addresses that are associated with MMM members. We crawled 2.5M BitcoinTalk user profiles by downloading each profile page using a URL which is indexed by a user “MMM does not make any promises and do not claim to generate any return as Ponzi schemes do. On the MMM website, it is written with capital letters that there are no promises or guarantees. "After MMM members donate money, they may be rewarded with Mavro (the bitcoin currency)," the person said. “Usually Mavro grows 30% a month. MMM participants have to purchase bitcoins, and transfer bitcoin to each other. this has upped the value of the bitcoin. if the price of bitcoin can rise on the back of a ponzi scheme, this is very bad news for the cryptocurrency market, and raises doubts about the viability of such anonymous currencies.

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Uniswap & Ampl Bitcoin Down To $8000 - $700m BTC Ponzi Scheme Arrest ‍♂️

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