SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud

Hello guys, and Happy new months to you all… Well to those of you actively involve in MMM, SEC have something important for you..



SEC on its website, said, “The attention of SEC, Nigeria has been drawn to the activities of an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.). The platform has embarked on an aggressive online media campaign to lure the investing public to participate in what it called ‘mutual aid financial network’ with a monthly investment return of 30 per cent.

“The commission hereby notifies the investing public that the operation of this investment scheme has no tangible business model hence it’s a Ponzi Scheme, where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.”

SEC, therefore, advised the general public to distance themselves from the online scheme, adding, “Please note that anyone that subscribes to this illegal activity does so at their own risk.”

I know most of you may still not agree with the above but please apply common sense… Don’t invest all your money in MMM. I know that even common sense is not common.

DISCLAIMER

Gistfans do not claim ownership of any of the Songs and Videos that we upload and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! Email Us via Gistfansofficials@gmail.com

CONTENT REMOVAL

If you believe that this page has violated your copyrighted/protected material(s), please kindly Contact Us for immediate removal, or mail us at Gistfansofficials@gmail.com stating the content name/URL of the page. Thanks.

To upload your music on Gistfans and get massive download, contact us now:
Whatsapp: 08095459350
Email: Gistfansofficials@gmail.com

Post Summary

---

Article Name	SEC Warns Nigerians Of The Dangers Of MMM, Calls It Fraud
Description
Author Name	chinazaro
Published On	9/01/2016
Post Category	NEWS AND GOSSIP

---

Also Read: