n Personal Finance Newsletter - MMM : SA investors complain of frozen accounts as global arm shuts down : investigations

Abstract

MMM Global has closed down its 'Republic of Bitcoin' (RB) structure following the revelation that it was not able to pay the promised monthly returns of 100%, while South African members of the self-proclaimed 'social financial network' are complaining that their 'Mavro' (the internal currency of the system, not to be confused with mojo) has been frozen.