MMM: Man loses stolen N3.5 Million to Ponzi, faces 3 years behind bars.
The quest for quick and easy money has landed a 24 year old salesman in court for stealing and staking N3.5 million in MMM, a ponzi scheme. The salesman, John Okonkwo, who allegedly stole his employer’s N3.5 million and invested in the Mavrodi Mondial Movement (MMM) scheme, appeared before an Ojo Magistrates’ Court on Thursday. MMM is a notorious ponzi scheme which promised many Nigerians 30 per cent return on investment but leftf them disappointed and defrauded of their monies. The accused, is facing a charge of stealing. Okonkwo, however,...

