Nearly a week after its return to business, owners of the Mavrodi Mondial Movement, MMM, may be considering a new strategy.

Recall that MMM reopened operations on January 13, after one month freezing of participants’ accounts.

According to Daily Post report on Tuesday, the Ponzi scheme is said to be considering jerking up the interest rate to 40 per cent from the current 30 per cent rate. This move is said to be adopted in order to woo fresh participants and also to encourage old ones not to withdraw their money.

A top guider, who spoke on condition of anonymity, told our correspondent that MMM was indeed worried that, “the excitement and inflow has rapidly dropped.”

He then disclosed that one of the ideas being debated by MMM top hierarchy was increase in interest rate, which currently obtains in one of the African countries the scheme recently launched.

Asked how MMM is managing the high number of request for withdrawals r help, the guider based in South east, said, “the truth is we were prepared.”

“You know that many wanted to take their money during the Christmas and
New year celebrations but could not.

“Some wanted to withdraw to pay rent, school fees and other bills. So now that the accounts have been unfreeze, they are demanding for their money.

“At this moment, we are having more outflow than inflow. In other words, those ready to provide help have dropped by half.

“The economy too is worsening and we understand that it is only when people have, they will give.”

Responding to why many participants who have millions of naira are yet to be paid, he explained thus: “We are processing, but can’t pay them now.”

“We need money in the system and that is why the increase in interest is on the cards so some can decide to leave their funds.

“That said, participants that have between N50,000 and N300,000 or so are being paid on a daily basis, you can do your findings.”

Recall that Securities and Exchange Commission, SEC, warned the public against investing in MMM with crypto currencies such as OneCoin, Bitcoin and such other virtual or digital currencies.