Tag Archives: Founder

MMM Founder Accuses Media Of Causing Panic Among Participants

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As subscribers await the resumption of operations of Mavrodi Moneybox Mondial (MMM) Nigeria in January 2017, the founder of the Ponzi scheme Sergey Mavrodi has accused the Nigerian press of deliberately “fueling hysteria around MMM and causing panic.”

The operators of the scheme in Nigeria said in a message sent to all subscribers on December 12 that all confirmed Mavros would be frozen for one month.

During the period – December 12 to January 12 – none of the participants would be able to ‘get help’ (withdraw funds deposited with the mandatory 30% interest). But they allowed to ‘provide help’ (deposit funds).

The scepticism and panic that followed the announcement were caused by the media, Mavrodi said.

He said, “I’m just astonished by your irresponsibility and cynical attitude. Interests of millions of people, your fellow citizens are at stake. Don’t you have any sympathy for them? Why are you fueling hysteria around MMM and provoking a panic? Why are you doing this so diligently and persistently, what is your purpose?”

He insisted that operations of the scheme would resume in January, noting that the “suspension of work for holidays” was not unusual. His claims contradicted the reason the Nigerian operators of MMM gave for freezing the confirmed Mavros for one month. They explained that the measure was put in place because “in the New Year season the System is experiencing heavy workload.”

But Mavrodi insisted all was well with MMM Nigeria and urged the press to desist from being biased against the scheme.

He said, “Again, leave MMM alone and let us work. Nothing has collapsed, and MMM will perfectly resume its work in January. We Can Change the World!”

Credit:

http://guardian.ng/news/mmm-founder-accuses-media-of-causing-panic-among-participants/

Earth, Wind & Fire Founder, Maurice White, Dies At 74

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 Earth, Wind & Fire founder Maurice White, whose horn-driven band sold more than 90 million albums and made hits like “September,” “Shining Star” and “Boogie Wonderland,” died Wednesday at his home in Los Angeles, his brother Verdine said.

White, who was 74, suffered from Parkinson’s Disease and had retreated from the public even as the band he founded kept performing.

“My brother, hero and best friend Maurice White passed away peacefully last night in his sleep,” Verdine White, also a member of the band, told The Associated Press on Thursday. “While the world has lost another great musician and legend, our family asks that our privacy is respected as we start what will be a very difficult and life changing transition in our lives. Thank you for your prayers and well wishes.”

Earth, Wind & Fire, a nine-piece band centered featuring the two White brothers, singer Philip Bailey and the distinctive horn section, were inducted into the Rock and Roll Hall of Fame in 2000. The band’s most successful period started with the 1975 album “That’s The Way of The World” and continued through the rest of the decade. Other hits included “Serpentine Fire,” “That’s the Way of the World” and a cover of the Beatles’ “Got to Get You Into My Life.”

White publicly revealed he had Parkinson’s at the time of the band’s Hall of Fame induction, but he had shown symptoms of the neurological disease back in the 1980s. He stopped touring with the band in 1995 because of weariness from the road combined with his health problems.

White said in an interview with The Associated Press in 2000 that he wanted the band’s music to inspire instead of just entertain.

“That was the whole objective, to try to inspire young people to believe in themselves and to follow through on their ideas,” he said. “We’ve touched so many people with these songs.”

A former session drummer, White founded the band Salty Peppers in the Chicago area in the late 1960s and had some modest success in the Midwest. After relocating to Los Angeles and ditching all of the band members except Verdine, he renamed the outfit Earth, Wind & Fire after the three elements in his astrological chart.

Credit: Yahoo