Chinese Gov’t Warns Against ‘Transparent’ Ponzi Scheme MMM Global

Chinese Gov’t Warns Against ‘Transparent’ Ponzi Scheme MMM Global

Chinese officials have warned its country’s citizens about MMM Global, a Ponzi scheme that has been plaguing the internet for some time now. In fact, this operation has been running since the early 90s and continues to run rampant after regenerating a few times. The MMM Global Company, which originated from Russia, is attempting to sign up as many people as they can into their self-admitted “transparent” Ponzi scheme. The MMM organization now uses Bitcoin only to run its economy and seeing supporters within the crypto-community, unfortunately, is not uncommon these days. Created in 1990 by....


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Chinese Government Warns Bitcoin Investors About MMM Global Ponzi Scheme

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Quotes

So the Bitcoin experience gives us a glimpse of Libertarian paradise: What life would be like with as little government interference as possible, in a market free of burdensome laws and taxes. Unfortunately, that experience looks like a total nightmare. It's characterized by radical instability, chaos, the rise of a boss-class of criminals who assassinate people they don't like, and a mass handover of wealth to a minority even smaller than the 1% that currently

Jim Edwards, Founding editor of Business Insider UK