Barely 24 hours after MMM founder, Sergey Mavrodi wrote an open letter to Nigerian Authorities, criticising the later’s constant attacks on the ponzi scheme, BreezeReporters can authoritatively reports that MMM Nigeria has crashed.
The administrators of the scheme, early Tuesday, announced freezing of participants’ monies for one month.
In a letter posted on the scheme’s website, MMM said; “As usual, in the New Year season, the System is experiencing heavy workload.
Confirming the severity of constant attacks on the controversial scheme, the statement said “moreover, it has to deal with the constant frenzy provoked by the authorities in the mass media.
“Hence, on the basis of the above mentioned, from now on all confirmed Mavro will be frozen for a month”, the statement partly reads.
Mavro is the general name used to describe participants’ money in the system.
It added; “The reason for this measure is evident. We need to prevent any problems during the New Year season, and then, when everything calms down, this measure will be cancelled. (Which we will definitely do.:-))