World's Most Insane Ponzi Scheme Is Still Operating Today

In this video we go over the MMM Ponzi scheme which is one of the world's longest running scams that is still operating today.
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[@delraydad7516]

Wait. Nigeria got scammed? You mean all those Princess ad generals lost their money? No wonder they're still emailing me for help.

[@grantguy8933]

They were all trained by mmm to become the kings and queens.

[@henryeghaghara9385]

95% of Nigerians have never scammed anybody, been happy they got scammed show what a low life you are

[@j4genius961]

@@henryeghaghara9385 That's not accurate, it's closer to 99%, there are almost 200 millions Nigerians

[@MrRedsjack]

@@henryeghaghara9385 so one in 20 Nigerians is a successful scammer. I guess the other 19 haven't been successful or didn't get internet access yet 🤣

[@niimoo767]

😄😄

[@AK-74K]

I remember as a child in Moscow seeing these MMM ads on TV every 5 minutes. Lots of people fell for it, because the population was not financially savvy at all - the concept of investments didnt really exist. I am absolutely stunned that the scam is still going to this day.

[@WiCapitalco]

That sounds a lot like America right now... it's almost like the oligarchs took over the soviet union and then now the usa.

[@Brainiac469]

South Africa falls for MMM every 10 years like clockwork 😂😂😂

[@MrRedsjack]

Africans in general really seem to never learn what a Ponzi scheme is. So many fall over and over again for the same trick. In most other developing countries these tricks do not work anymore.

[@fullmetaltheorist]

True. They should know by now. But a sicker is born every minute.

[@GOAT676]

We’re waiting for another one to join 😂😂 the earlier you join the better✊

[@funmilayotijani3119]

MMM Nigeria deserves a Netflix documentary I can't tell you how many people I know between 2013 and 2017 that lost money to MMM in Lagos alone University students used their school fees for MMM, adults put their salary in it, even business outfits put their profit It was crazy. I remember the crash then, it happened in a December. Anyone who knows Nigeria knows that the December period is a time when people withdraw and spend money. Due to the massive withdrawal request then, it was inevitable that the scheme would crash. That period was brutal. Unfortunately Nigerians have not learnt, if anything the success (failure?) of MMM has led to a rash of similar ponzi schemes. At least 6 have crashed in 2021 alone taking billions with it

[@OffGridInvestor]

The money isn't GONE, it's just "redistribution". Like communism

[@ZmiiGorinich]

People in Russia back then generally trusted the big media, like the main TV channels and the newspapers, at least about the internal matters. MMM in 94 literally occupied all the media with their aggressive ads. The gov did not care to impose any kind of control until it went too far, it was just a pure wild ad market. It is extremely hard to distrust such a wave of propaganda in the media, along with huge number of people already involved around you. Luckily I just did not have any money to "invest" that time :).

[@Faraz70]

Moral of the story : Never give up

[@nguyenvu8262]

@Faraz70 Nah. It's be criminal in countries with weak law enforcement.

[@2011blueman]

LMAO.

[@edwardoleyba3075]

Moral of the story is Don’t Be Greedy 😉

[@stephenc2481]

Moral of the story. People will never learn. Plenty of people will invest in the next thing that is 30,000% in return.

[@janakakumara3836]

ha ha ha.

[@ashishpatel350]

30,000 percent seems reasonable lol

[@Ihateslowtube]

Don't even get out of bed to check the charts unless the morning gains are AT LEAST 10,000%

[@MSportsEngineering]

This is the rate Dr. Parik Patel, BA, CFA, ACCA, ESQ. gets on a monthly basis

[@stephenc2481]

that is no doubt, an excellent return, arguably the best performance of any investment. We all want the best!

[@AV57]

I won’t accept anything less than 30,000%.

[@jimmysparks315]

That sounds do-able...

[@mondemdlulifx]

My neighbour invested all of her pension in this, she lost it all, now depending on old age grants from the government...

[@GroovVictim]

Very sad

[@gregpenismith1248]

Sucks for her lol

[@pvp216]

her fault

[@raybod1775]

@@pvp216 Old people are targets because many of them have failing mental capacities.

[@WesBergen]

Financial illiteracy, greed and FOMO will always produce new suckers.

[@mimusic1853]

Oh my what a surprise they got church leaders involved : o

[@marshonmellows]

I thought this was going to be about social security 🤣🤣

[@nadeemchaudhry6585]

Sad, when people actively target the poor and uneducated. This is why it's important to have financial education for all.

[@ivannechkin3665]

you dont have to have education, any religion teaches against greed, but even basic comon sense would do

[@OffGridInvestor]

If you have NO brains, a big ego OR GREED, you ABSOLUTELY CAN'T be educated financially anyway. Look at all the safe sex education and then the throngs of pregnant teens...

[@lusvus5445]

Sergei Mavrodi is truly legend. Remember it from the beginning, adds was so dodgy, I was laughing all the time of a % they offered, even real drug dealers can not offer same return, but hey hundreds of thousands people fall into it. Another one was B.Beresovski who left Russia for UK, all crooks get their own destination.

[@Hey__andre]

They caused havoc in Nigeria and eventually got kicked out.

[@victoramogu3708]

its amazing how many people know its a Ponzi scheme, but people invest and try to get in and out before mmm seasonal collapses

[@silianfrische696]

I think it is because of the "above average effect". People tend to assume that they are above average. Not by a lot, but enough to feel comfortable. Most people think the are "above average smart" / fast what ever,while heing the average. Thats why, when the average are being exploited, most average people will fall for it.

[@pepperoniunicorn8641]

I can only go by what I have seen and the level of poverty in the Philippines is soul destroying, to think you would rip those people off is pure evil!

[@edwardoleyba3075]

You’re right. The scams perpetrated on poor people here are disgusting.

[@gregpenismith1248]

Except evil isn't real. Poor people exist to be taken advantage of, that's why they are poor.

[@dbspecials1200]

Thankfully people like you tell the world about things like this, so maybe some might see and learn about it before diving into destruction.

[@jamesbambury]

From the title I thought you were going to talk about Social Security, I got so excited.

[@Y0SK3]

My mother in law lost millions of Naira to MMM

[@eagleeye5943]

Let me guess people at her church told her to get in on it

[@d_all_in]

So like $10?

[@melvinpatomendoza]

I was one of the head of this in the Philippines. It was my first time experience getting involved in MLM. But I did learned bitcoin because of it. I was naive back then.

[@jasonjohnson6216]

Nigerians still call me sometimes telling me I have millions waiting on me the only catch is I have to send money to get it shipped. I love it when they call, is so much fun

[@samsonsoturian6013]

Be careful what ongoing ponzi schemes you call out because these guys can get extremely litigious. Of course the suits go nowhere, but that doesn't stop them from punishing you with the process.

[@zenastronomy]

until you are aware of a scam, you are innocent enough to fall for it. we only learn through being made aware of things.

[@mhaddadi]

Very accurate documentary, Except the MMM computer business did not fail, that's where they made the initial capital for future activities.

[@ChiefOfProtocol_ZW]

Man MMM left a lot of people in Zimbabwe holding the bag under the guise as a MLM

[@hello-friend990]

This sounds exactly like most cryptocurrencies without the outright promise of returns

[@gregpenismith1248]

Cool story

[@sunnybunnyranch]

It does sound like all crypto

[@gregpenismith1248]

@@sunnybunnyranch okay, boomer.

[@tk9839]

except in crypto, you can take out your money anytime...big difference.

[@d_all_in]

@@gregpenismith1248 if crypto was a legit currency it would be treated like cash

[@danielschein6845]

I wonder how much overlap there is between people laughing at MMM victims and people who invest in cryptocurrencies.

[@Itssmial_Ova]

money only has value because we all agree it does.

[@mmathulosejake]

"Nigeria..." as a picture of South Africans appears, with a South African city named and part of the South African flag.

[@bunnyben5607]

At some point intentionally investing into it (in order to not be the one holding the bag) is essentially like a form of gambling, so of course people get addicted to it.

[@sandy666ification]

Wow! a guy who scammed Nigerians...

[@maximmatkovsky6490]

And did it twice. Scammed! Nigerians! Twice!!

[@Robosci]

What about “ herbal life “ in US .

[@davidjma7226]

A legal MLM scheme.

[@hello-friend990]

The next generation will make videos like this talking about how we all fell for MLM schemes and even legalized them

[@SnowmanTF2]

It is kind of stunning they are not even rebranding, I was expecting that after collapses or exposure would have just continued operation under a new name in a different location

[@Meowmeow.age.6]

In poor countries their is a constant fear of inflation. People fall for scams as they are greedy and desperate to either grow wealth or preserve wealth. Buying gold involves risk of theft and sadly it is historically one of the few ways to preserve wealth for generations. ETFs offer a new way of wealth preservation, but it involves trust in the management of said ETF.

[@Ricky_Spanishh]

Buying gold? lol you people really love to get scammed

[@Ricky_Spanishh]

@@violarulez it literally isn't but OK. It's better to invest in mutual funds. If you lose money on that well.. You better learn to be a farmer because the world economy crashed.

[@panama-canada]

I remember the guy. The thing is that he fully disclosed where the finds will go, so nothing illegal here.

[@Turd_Ferguson538]

If ya don't want to go to prison? Run for office. That's hilarious. 🤣

[@samfin7358]

You've inspired me to start my own finance related KZbin channel, which I've launched today! Very cool to see you smashing it both in and out of KZbin! Keep up the fantastic videos.

[@q3aryoko]

really? i thought Nigeria was full of Royalty! Princes with millions of dollars on hand but need help from your average American to transfer that money to the states!?

[@randyearles9286]

power of getting something for nothing, always a scam

[@markrichardson3566]

Please do 1 on amway, it’s very important to educate the public about them,10s of billions in a cult of mind control tactics

[@bluetunacult7674]

I thought this video was going to be about Social Security

[@maxlew1847]

Thank you for for another great story

[@marks6663]

when you say MMM, I assume that means Multi Level Marketing, which is recognized as a legal ponzi scheme. Amway is the famous example. Or Nuskin, or what have you.

[@matthewdenckla6567]

Thanks for this information and education!

[@NASAistheway]

Reminds me of Trump. Searching for immunity.

[@michael47lamb]

The reason MMM and things like it happen is simple: Humans greed and desperation. The scam can only work if the idiot falls for the BS. If anyone is dumb enough to fall for this scam then they will get what they deserve in the end. Sad but true.

[@bccsivxx-xxivvii]

You should do a video about the only legal ponzi scheme. Social security.

[@buzzbuoy]

lolol that's exactly how high valuations work

[@clairmac]

Reasons why Financial education should be mandatory in all schools. Way too many people don't know the basics of investing and get caught up in this nonsense.

[@shannonkohl68]

The government doesn't want financially educated people. It would be bad for *their* scams.

[@thato596]

In South Africa some people made money from mmm some did not make money. mmm they were honest on how it worked. It fell because people left mmm.

[@ericnavarre4255]

I think I’m ready to start a branch of MMM myself, no one is getting arrested or doing jail time.& i could use $60mil

[@u0aol1]

Fuck it I'll partner with you

[@kadachiman7234]

Your next video suggestion = How to open up your own MMM branch :-) My business basis = If stupid people want to give away money then it may as well be me who they give it too.

[@timmatheson6736]

The biggest ponzi is Social Security!

[@38josue91]

What about fiat currency?

[@TomJerry12933]

here's a Ponzi scheme idea: one built around "helping" people build their own ponzi schemes......

[@markrichardson3566]

Great video, I’ll keep watching

[@Ryanrobi]

This one is impressive how he pretty much used every scheme in the books over the years. Of course he would make his own crypto, wouldnt be suprised if they also minted NFTs and owned Masterworks and fine art lol

[@MrAvant123]

Nigeria being scammed -- poetic justice !

[@CriChilds]

people are desperate and rather than save, invest in credible businesses, learn new skills and take opportunities that can benefit them they latch onto something because they're hoping it will help them get out of poverty. It's really sad to see so many people pray on the poor and under educated like this.

[@hello-friend990]

They come from broken systems so tools to start a new unique business or learn an income generating skill do not exist. We take for granted how easy it is for us to change our lives around at will compared to hopeless places

[@SteveBurgerman]

I thought u were talking about the whole currency system

[@desolacapitalpartners]

Greed! That's the reason.

[@MellyVerse]

Lmao they scammed Nigeria twice! Naija of all places

[@jordangate7742]

Man this sounds like bitcoin fooling us every year.

[@jeffreyhughes7107]

What about Stock Generation? Wasn’t MMM behind that too?

[@bishopakpan2284]

"The power of giving"? What exactly is that power?

[@ducknorris233]

How sad that new boots was a luxury.

[@hgm8337]

at least MLM try to justify their existence with shoddy goods,.. these guys don't bother with the facade even

[@porcus123]

An honest ponzi scheme, amazing

[@kablah777]

(Commenting before I watched the video) They must be talking about Social Security.

[@MakerInMotion]

Nigerians getting scammed on the internet. How the tables have turned.

[@stuckinkiev]

There was still an MMM office open near me when I lived in East Europe during the 2000s 🤣👍

[@foca2002]

MMM was never popular here in Brazil, you should research about Telexfree. They managed to defraud more than US$6.000.000.000 worldwide. Other ponzi scheme here was Unick Forex (over R$29.000.000.000 defrauded). Brazil have strong regulations and strong agencies to regulate this kind of thing, but Brazil also have a huge population of uneducated people.

[@joshweston436]

Gotta assume this video is about social security with a title like that.

[@ricardoluz5496]

For real ... **cries in Portuguese**

[@samsonsoturian6013]

Be serious

[@agaragar21]

NOT really....if created and funded correctly....Social Security is basically an insurance annuity.....it doesn't promise huge returns....but a small very deliverable sum every month from a Life time of a small tax deduction on everyone's paycheck !!!! Enough of stupid generalization !

[@kingtimmy88]

Oh you mean "Social Security"! Social Security is still operating today.

[@HighMojo]

Nigerians being scammed, that sounds poetic.

[@cameronwerk100]

Bitconnnnnect!!!!

[@zer0c00l5]

I thought the dollar was the worlds biggest ponzi scheme🤔

[@unclejim1528]

So scammers (ground lvl) are getting scammed by a scammer (top lvl).... I'm not hurt by this... Live by the sword, die by the sword? Most "investors" looking to get in early get out before it collapses... scammers. The ones that don't understand that its a scam are the only victims.

[@propnexdanieltan]

Ignorant plus greed. Main mind culprits

[@Jushwa]

Dude you should do Market America

[@jackjackson3356]

They simply are betting on being among the scammers not the scammed... Lol !

[@wiskasIO]

The answer is greed. They play on your greed, only very honest humble people don't fall for those things but we're all vulnerable at some point. When I just arrived in the US I felt to various scams thinking that I could make a lot of money easily...

[@eshine2001]

Do a video about YMMSS “your money machine success system” started by Kim Inman

[@sochyvonnnora6035]

First time ever that I don't feel bad for the victims. You people get what you deserve. Fool me once.

[@rustyshackelford3371]

I thought this video was going to be about the Federal Reserve System.

[@mrpmj00]

meme stocks: gme, hertz, amc, etc.

[@secretsquirrel6718]

I thought thia was going to be about social security.

[@action4newsinligme803]

Sergei, not Sergee

[@The33DegreeVegan]

FIAT currency is the biggest possible scheme going

[@djagad]

Interesting video Big like from Jakarta Indonesia ❤️👍🏾❤️

[@AdjustinThings]

Today, Russia's biggest ponsi scheme is cryptocurrency.

[@masterofgarden3472]

He scam Nigeria wow. Nigeria is the scam capital of the world, got scam that crazy.

[@mikexstad1121]

Well considering how many people listen to Joe Rogan... yeah I can believe people would fall for this

[@franciscodanconia4324]

Is Nigeria falling for a scam irony?

[@glbjr309]

Was this video about MMM or safemoon? I couldn’t tell…

[@ProfAzimov]

Both

[@pmexplore]

Have you done one on lynx?

[@ShaneHall182]

Damn, thought it was going to be about Avon

[@tculig]

Its Sergei not Sergi.

[@grantguy8933]

Did this guy invent btc?

[@conner1715]

thought you were gonna say social security lol

[@Chitzui]

How to trust such bad website designs?