Popular ponzi scheme, Mavrodi Mundial Moneybox (MMM) has launched a promotion campaign after collapsing few months ago.

The scheme displayed a letter on the dashboard of participants, urging them to invite new members.

It has launched a contest among participants, where they can win
cash prizes between N30,000 and N500,000 for inviting new participants and registering them as referrals.

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The letter reads in part: “MMM Nigeria launches Promo-Task Contest.

“MMM Nigeria launches the first Promo-Task Contest – which a relevant section has been created for the contest in the Personal Office.

“Winners are selected based on the number of points received for completing promo-tasks. Whoever receives the biggest number of points becomes the winner.

“The contest period is from Monday to Sunday while at the end of each week; winners are announced and awarded Mavros (cash prizes) available for output.

“In the first contest, there are 50 prizes. First place will win N500,000; second place N300,000 and third place winner will take home N200,000.

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“Fourth place to 10th place winner get N100,000 each; 11th to 30th place wins N50,000 each while participants who placed 31th to 50th wins N30,000 each.

“Members can complete both online and offline tasks with focus to promoting the community and contribute to growth of the scheme.

“The promo-task contest is a serious tool aimed at community growth, and as such, would be continuously adjusted and refined to enable MMM Nigeria to overcome.”

The scheme had placed a one-month freeze on all withdrawals from the scheme on December 13, 2016.

It later opened withdrawals but was faced with lots of controversies and challenges which led to its crash.