MMM: I lost R90 000 instead of becoming a millionaire in 6 months

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Cape Town - While online scheme MMM is growing through its rebooted pyramid in South Africa, the list of people who have fallen victim to the scam also seems to be on the rise, according to feedback from Fin24 users.

MMM froze its platform last year as users failed to feed the bottom of the pyramid with points collected from cash donations from members. A new MMM platform was launched in 2017, with a completely fresh pyramid to work from.

South Africans who lost money in the frozen scheme do not appear to have legal recourse, and many are too embarrassed to speak out. Those who do are being verbally abused on social media and on group messaging forums on WhatsApp, according to a victim who opened up to Fin24.

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