The Ponzi scheme promised participants of the East African country a profit of 40% for every investment.
This is higher than the 30% benefit it offered its investors in Nigeria and South Africa.
“Yes, it is possible to earn 40% per month here, but this is not a hyip! This is a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid,” read a statement on its Kenyan website.
“This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world’s unjust financial system. Financial Apocalypse! Before you join, be sure to get acquainted with our IDEOLOGY!”
MMM operated in Nigeria for over one year before the recent development. While some Nigerians are skeptical of the continuation of the scheme, some are looking forward to January with optimism.
In a letter to intimate members of the ban on withdrawals, MMM said it took the measure to prevent any problem in the New Year, an excuse similar to what was said in South Africa before the scheme crashed.
“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. We hope for your understanding, administration,” it had said.