Of course not. In fact, it is the most generous investment program you may ever hear of. It may seem like an investment program but not really. It is more like a Donation Exchange program. It is a place where you donate and yet your money grows. Imagine 30% growth of your donated amount each and every month. Compounding. For example, you provide PhP1000. That means it will grow for PhP300 monthly. When you withdraw or get help on the 30th day. You take home PhP1300.
It is basically like this:
MonthAmountEarnings Jan1,000.00 PHP0.00 PHPFeb1,300.00 PHPPhp300.00Mar1,690.00 PHPPhp690.00Apr2,197.00 PHPPhp1,197.00May2,856.10 PHPPhp1,856.10Jun3,712.93 PHPPhp2,712.93Jul4,826.81 PHPPhp3,826.81Aug6,274.85 PHPPhp5,274.85Sep8,157.31 PHPPhp7,157.31Oct10,604.50 PHPPhp9,604.50Nov13,785.85 PHPPhp12,785.85Dec17,921.60 PHPPhp16,921.60
This is for P1000, imagine the results if it is 3K, 5, or 10K.
Also, there is a 10% referral bonus (although you are not really required to refer). Well, those are just some of the highlights of this controversial organization. But just because of all those, does that mean that MMM isn't a scam? Let us put MMM in a scam test and see where it is at.
First let's define a scam. As per Google Search,
scam
skam/
noun
informal
1.a dishonest scheme; a fraud.
Here's how to deal with a potential scam. Let's see if MMM will pass the test.
If the money you earn is based on your sales to the public, the company may be a legitimate multilevel marketing plan. Here are some signs that the company is operating a pyramid scheme:
1. Your income is based mainly on the number of people you recruit, and the money those new recruits pay to join the company — not on the sales of products to consumers
2. You’re required to buy lots of inventory
3. You’re forced to buy other things you don’t want or need just to stay in good standing with the company
May 13, 2014
by Aditi Jhaveri
Consumer Education Specialist, FTC
According to onguardonline.gov these are the things to do and not to do in Avoiding Online Scams
What To Do
Know who you’re dealing with.
With MMM, you know who you're dealing with. The contact details of the main person to whom you are transferring the money to and the his or her manager are all provided for your convenience. Through this, MMM is able to establish an open line of communication between its members.
Understand that wiring money is like sending cash.
With MMM, you get to have multiple options to send money. The most common and fastest way to transact nowadays is also being practiced in MMM. It is through bitcoin.
Read your monthly statements.
This is for your own safety. To make it a lot easier for you, MMM allows its members to see a table of all the ins and outs of your cash.
Give only to established charities after a disaster.
With MMM, you not only deal with charities after a disaster. Almost all out reach programs out there are increasing and MMM Global is among those who support them. We have visits and extended help to orphanages, schools, residents of rural areas and etc.
Talk to your doctor before you buy health products or treatments.
MMM is not selling any products. No selling required. So, you have nothing to worry about. You simply provide help. You won't get anything back at first but wait and allow you money to grow and you reap what you sow. No selling required.
When investing, remember there’s no sure thing.
This is so true. MMM can not escape from this truth. It is true in all forms of investments. However, with MMM's very strong platform and laser focused goals to change the world, you will clearly see what future is ahead of you when you join.
Interested to join and earn 30% per month now?
Please click here: Join MMM Philippines
Sources:
https://www.onguardonline.gov/articles/0001-avoiding-online-scams
https://www.consumer.ftc.gov/blog/telltale-signs-pyramid-scheme
