In Lifestyle by Naijatweet Staff on the 05th, July, 2019

BBNaija 2019: What Ponzi Scheme, MMM Did To Me

BBNaija 2019: What Ponzi Scheme, MMM Did To Me




One of Big Brother Naija housemates, Gedoni has revealed how he lost all his money to Mavrodi Mundial Moneybox (MMM) before he got into the 2019 edition of BBNaija reality show.


Gedoni speaking to the housemates on Thursday evening said that after MMM crashed, he lost all his money and went into depression.


He added that during that period, he also had to sleep under his friend’s staircase before he got saved by a church.


Gedoni said: ” I got into depression sometimes ago after I lost all my money to MMM, I had to sleep under my friend’s staircase for more than a year.

“But I later found solace in going to church and became the sound guy for the church.”


It would be recalled that MMM had crashed in Nigeria sometime in December 2016; with millions of naira belonging to Nigerians still missing.


The Ponzi scheme in a statement had its total shut down after the death of its ideology inspirer, Sergey Mavrodi, who died on March 26 2018. 

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