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MMM scam victim warns of renewed hype, scare tactics

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Cape Town – A victim of the MMM scam has issued a warning that the online scheme is growing through its rebooted pyramid in South Africa, while those who lost thousands of rands are verbally abused for speaking out.

MMM shut down last year as users failed to feed the bottom of the pyramid with points collected from cash donations from members. It is unclear how much money South Africans lost in the scheme, as many are too embarrassed to speak out. In any case, they have no legal recourse against the scheme.

When people stopped donating and the points dried up last year, MMM simply froze the system and called the accrued points “Old Mavros”. It then relaunched a new MMM in 2017, with a completely fresh pyramid to work from.

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