Hope is fast fading for the investors in the Mavrodi Mondial Moneybox (MMM) Ponzi scheme as the top guider in Nigeria, Chuddy Ugorji and his wife, has reportedly fled the country.
He fled when the over 3 million investors in the scheme were asking to be paid back their money along with the agreed interest.
His relocation came barely 24 hours after he released new conditions for payment of participants. He had given the impression that the Ponzi scheme had started paying outstanding money to participants of the scheme. But the payment is just symbolic.
Meanwhile, the ponzi scheme issued new guidelines on Wednesday. It said, “As a necessary measure, we decided to set limit to withdrawal this week thus the N31,000 maximum withdrawal on your PO.
“We are still committed to prioritize paying smaller amounts first and gradually increase the amount to higher ones. The system does the calculations and knows how to calculate everyone’s mavros.
“Between Friday that we opened and today, hundreds of thousands of GH orders have been matched. More and more GH orders will be matched as time goes on. If you see error notification when trying to GH, just keep trying.
“PH to GH is still a suggestion to be tabled before Sergey Mavrodi for consideration. Disregard any info suggesting that you must PH to GH till further announcement in your PO. Freezing of bonuses for now is another suggestion to be tabled before Sergey Mavrodi for his consideration. Which means if approved, you will only be able to GH your personal contributions for now until the system recovers and stabilizes.”
He was said to have fled to Philippines
