MMM is here to stay, say marching ‘Mavrodians’
Johannesburg - As the Hawks’ investigations into whether MMM is breaching any South African laws continues, an impromptu march was held in Soweto where fans flaunted their wealth gained through the pyramid scheme.
This as they celebrated the Financial Freedom Awareness campaign, which coincided with South Africa celebrating Freedom Day.
MMM members took to the streets to raise awareness about the financial scheme, following several articles in the media about the way it operates.
Sergey Mavrodi, a convicted Russian fraudster, is the founder of the alleged Ponzi scheme that has enriched many South Africans.
The scheme’s members and fans brought Koma Road to a standstill for almost two hours.
The “Mavrodians”, as the MMM members are popular known, marched from Thokoza Park in Rockville to Molapo. They sang and danced as they brandished a banner with the MMM's colours.
“MMM is here to stay. We want to fight for financial freedom in our lifetime,” yelled one member.
MMM made headlines a few weeks ago after it emerged that the MMM Global 100 percent had collapsed. MMM Global members from all over the world had promised to give investors 100 percent returns every month.
However, that could not be sustained. Investors have been told that they would get 30 percent.
MMM Global is based on the Bitcoin currency.
Among those who marched on Wednesday was Seipati Msimang. She stole the show as she showed off her gleaming new Range Rover Evoque valued at R750 000 that she bought cash on her birthday last month.
“It was a perfect birthday present for me from the Mavrodians,” she said.
Hawks spokesman Brigadier Hangwani Mulaudzi said investigations were continuing.