Despite Sergey Mavrodi passing away just under two years ago, scammers continue to use his image to promote MMM branded Ponzi schemes.
The latest is MMM BSC, a reboot using the Paxos Standard (PAX).
PAX is an ERC-20 stable token that has nothing to do with MMM BSC.
Who’s behind MMM BSC is unclear but the company’s official YouTube channel began uploading recycled MMM content ten months ago.
A lot of the videos have Russian titles, so presumably whoever is behind MMM BSC is of Russian or Ukrainian origin. Another possibility is India.
MMM BSC’s website domain (“mmmbsc.global”) was privately registered on August 17th, 2019.
Alexa traffic statistics for the domain suggest it launched in late October.
At the time of publication Alexa estimates that 92% of traffic to MMM BSC’s website originates out of India. The Ukraine makes up 2%.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
MMM BSC’s Products
MMM BSC has no retailable products or services, with affiliates only able to market MMM BSC affiliate membership itself.
MMM BSC’s Compensation Plan
MMM BSC affiliates invest PAX on the promise of a 30% monthly return.
The catch is that in order to withdraw returns, another equal or greater investment must be made.
Referral commissions are available on invested funds, paid out via a fifty-one level deep unilevel team.
Note that MMM BSC don’t provide specific referral commission percentages.
The company’s website states only that
Guider ´s bonuses from the contributions made by the participants of their structures have a multilevel character.
You can invite people by sharing and get up to 51-layer team reward.
Joining MMM BSC
MMM BSC affiliate membership is free.
Full participation in the attached income opportunity however requires an investment in PAX.
MMM BSC do not disclose a minimum investment amount on their website.
Conclusion
Like every other iteration of MMM Global before it, MMM BSC is a closed-loop Ponzi scheme.
Newly invested funds are paid to existing investors, with recruiters taking a cut off the top.
The system is of course also rigged to favor admins, who are placed as the first investors.
When new investment inevitably slows down, MMM BSC is left unable to pay returns.
This prompts a collapse, resulting in the majority of investors losing money.
Examples of past MMM Global collapses include MMM Nigeria, MMM Zimbabwe, MMM South Africa and MMM Global itself.
MMM BSC makes a big deal about being on the blockchain. It’s important to note that math is math.
Whether you’re running a Ponzi scheme using made-up Mavrodi tokens, real money or an ERC-20 shit token, the end result is the same.