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WARNING: MMM makes comeback with new currency

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Cape Town – MMM, the online Ponzi scheme that collapsed in South Africa and Nigeria in 2016, is attempting to reboot its scheme by offering a Bitcoin-based currency to all users around the world.

The South African wing of the Russian Ponzi scheme told members on Facebook that “due to the recent sharp price fluctuations of Bitcoin, mavro-BTC is being introduced in the system”.

This won’t help members trying to withdraw their old rand-based mavros, which were “reset” after the Ponzi scheme reached its threshold in 2016. MMM South Africa blamed its system’s crash on a media campaign to shut down the Ponzi scheme.

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