MMM resets system causing panic among members

2016-05-03 13:37

MMM SA members stand to lose thousands of rands after their accounts were frozen and the mavros points system reset due to a lack of money entering the alleged pyramid scheme.

News24 demands MMM website remove fake apology

2016-04-22 07:18

News24 has ordered a website linked to alleged pyramid scheme MMM to remove a fake apology that seeks forgiveness for publishing stories about the Russian-created scheme.

MMM adviser: People can lose money from scheme - WATCH

2016-04-20 13:36

MMM members in it to make their fortune have joined with the “wrong motives” and could quite easily lose out, says a business consultant linked the scheme.

Hawks: Probe into MMM is a priority

2016-04-15 15:26

An investigation into whether MMM is breaching any laws in South Africa has become a priority, the Directorate for Priority Crime Investigation (Hawks) has said.

MMM: Poor will be hit hardest when MMM SA collapses - WATCH

2016-04-14 13:04

Maya Fisher-French says MMM has delivered money to people who are early adopters, it’s been clever at its marketing skills, but it will come to an end … which will bring tears.

MMM: Pyramid scheme, stokvel or wealth revolution?

2016-04-13 06:58

If MMM is not the revolutionary platform to end financial injustice, when the mavros run out and the MMM members stop donating money, the poor will be the first to lose out.

Alleged Ponzi scheme exonerated

2016-02-05 07:55

Alleged pyramid scheme DiPESA has been exonerated by the National Consumer Commission after an investigation showed that the business is “legitimate”.

To Biznews Community: Is high pressure seller Holborn AM legit or a scam?

2015-10-16 07:17

Holborn Asset Management seems to be fishing quite aggressively for business in SA but is it above board? Alec Hogg invites comment.

Belvedere collapses after Ponzi scheme exposé

2015-10-08 13:30

Cobus Kellermann’s Belvedere Management has collapsed, six months after being exposed for a Ponzi scheme.

Beware of get-rich-quick-schemes

2015-09-22 09:26

Investment schemes being investigated by the National Consumer Commission for possible fraud are pulling out all the stops to recruit more believers to their ranks.


MMM: Media and banks trying to help consumers - Asisa

2016-04-28 10:12

Many MMM investors believe banks are out to get them, but the truth is that the industry genuinely wants to protect them from products that will wipe out their savings, says Asisa.

MMM website issues fake News24 ‘apology’

2016-04-21 17:33

In an attempt to discredit the media and the SA government, a website appearing to be of MMM SA has published a fake apology from News24 for “blackmailing” the scheme.

MMM is luring stokvel members – CEO

2016-04-18 15:09

Stokvel members are being targeted to join the alleged pyramid scheme MMM, says Andile Mazwai, CEO of the National Stokvel Association of SA.

MMM SA seeks court clarity over Ponzi claims

2016-04-15 12:33

The MMM SA community has applied to the Pretoria High Court to get clarity on whether its donation-based network of users is a Ponzi or pyramid scheme, it has announced.

MMM: New anti-Ponzi law could target founder

2016-04-14 11:09

A new Russian law that criminalises Ponzi schemes could add to the woes of the South African MMM community, whose global founder and leader is Russian.

Alleged SA Ponzi scheme MMM’s global pyramid collapses

2016-04-12 07:57

Sergey Mavrodi's MMM Global Republic of Bitcoin scheme has collapsed, affecting the local branch of MMM Global.

Allen Stanford loses appeal of Ponzi scheme conviction

2015-10-30 10:45

A US appeals court has ejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110-year prison sentence for running an alleged $7.2bn Ponzi scheme.

Belvedere: How alleged Ponzi scheme collapsed

2015-10-09 07:56

Since Offshore Alert exposed the Belvedere Group as an alleged Ponzi scheme in March 2015, it has collapsed in many different jurisdictions, says David Marchant.

US Supreme Court rejects Madoff victims' appeal

2015-10-05 17:45

The US Supreme Court has declined to hear an appeal by victims of Bernie Madoff's multibillion-dollar Ponzi scheme.

Mailbox: Resisting too-good-to-be-true offers

2015-09-18 07:43

A 24-year-old Fin24 user tells how he survived three offers to join what he thought were pyramid schemes.

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.