JAKARTA (Yosefardi) – Mavrodi Mondial Moneybook (MMM), a pyramid investment scheme which offers 30% return in 2 weeks, also called as people-helping-people investment, restarted its computer system for transaction and was panicking all its clients. The restart of computer system might hide all the money pooled through the Provide Help (PH) platform.
Many clients of MMM worry over their money as the restart of computer system might be only a trick explored by the management of MMM for stealing the money away.
Sergey Mavrodi, the creator of MMM system, from Russia, had earlier claimed this investment scheme as the money game.
The clients will get their money back plus returns through the Get Help platform.
Unfortunately, MMM management opted to restart its computer system on August 29, 2014, arguing that it failed to restore the MMM system in Indonesia.
The Indonesian trade regulation, the law number 7/2014 prohibits the pyramid system of distributing such a product.
The management of MMM had noticed to clients that the system will now start from zero after the restart so all the pooled money by the existing PH members are frozen.
The management of MMM also revealed that, in principle, it will take no risks or liability/debt when the tragedy hit the system. Only members/clients who put new money on the PH platform would recover their old investments.
But some members opt to auction their accounts at discount of up to 85% of total investments. Each account invests minimum Rp10 million. One member could have more than one accounts.
Technically, this investment scheme would fail when it lacks the new providers of funds while in the meantime many existing providers call back their money.