Regardless of Sergey Mavrodi passing away just below two years in the past, scammers proceed to make use of his picture to advertise MMM branded Ponzi schemes.
The newest is MMM BSC, a reboot utilizing the Paxos Normal (PAX).
PAX is an ERC-20 secure token that has nothing to do with MMM BSC.
Who’s behind MMM BSC is unclear however the firm’s official YouTube channel started importing recycled MMM content material ten months in the past.
A whole lot of the movies have Russian titles, so presumably whoever is behind MMM BSC is of Russian or Ukrainian origin. One other risk is India.
MMM BSC’s web site area (“mmmbsc.world”) was privately registered on August seventeenth, 2019.
Alexa visitors statistics for the area counsel it launched in late October.
On the time of publication Alexa estimates that 92% of visitors to MMM BSC’s web site originates out of India. The Ukraine makes up 2%.
As all the time, if an MLM firm is just not overtly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
MMM BSC’s Merchandise
MMM BSC has no retailable services or products, with associates solely in a position to market MMM BSC affiliate membership itself.
MMM BSC’s Compensation Plan
MMM BSC associates make investments PAX on the promise of a 30% month-to-month return.
The catch is that with the intention to withdraw returns, one other equal or larger funding should be made.
Referral commissions can be found on invested funds, paid out by way of a fifty-one degree deep unilevel crew.
Be aware that MMM BSC don’t present particular referral fee percentages.
The corporate’s web site states solely that
Guider ´s bonuses from the contributions made by the members of their buildings have a multilevel character.
You may invite individuals by sharing and stand up to 51-layer crew reward.
Becoming a member of MMM BSC
MMM BSC affiliate membership is free.
Full participation within the connected revenue alternative nonetheless requires an funding in PAX.
MMM BSC don’t disclose a minimal funding quantity on their web site.
Conclusion
Like each different iteration of MMM International earlier than it, MMM BSC is a closed-loop Ponzi scheme.
Newly invested funds are paid to present buyers, with recruiters taking a lower off the highest.
The system is in fact additionally rigged to favor admins, who’re positioned as the primary buyers.
When new funding inevitably slows down, MMM BSC is left unable to pay returns.
This prompts a collapse, ensuing within the majority of buyers dropping cash.
Examples of previous MMM International collapses embrace MMM Nigeria, MMM Zimbabwe, MMM South Africa and MMM International itself.
MMM BSC makes a giant deal about being on the blockchain. It’s necessary to notice that math is math.
Whether or not you’re operating a Ponzi scheme utilizing made-up Mavrodi tokens, actual cash or an ERC-20 shit token, the tip outcome is identical.