Legality of Doing MMMM
MMM is a people community which help each other for free, and absolutely consciously. Participants transfer money directly to each other, from one bank account to another (or from one Bitcoin wallet to another), without any conditions, guarantees and promises. Just only because they want to do that. Because it is a good deal to help each other. It means the "mutual benefit fund" as it is.
There is no formal organization, no legal person in MMM. And of course there is no central bank account, no other activity in any form. Neither close, nor open. There is nothing! There are only millions and millions of simple participants, simple private persons. And their bank accounts. And nothing more.
And of course there is no special registrations, permission and licenses in here.
(Permissions and licenses for what and for what reason? For money transfer from one man to another? And whom this licenses and permissions should be given?)
Thus, MMM is absolutely legal and does not break any laws. Because there are only money transfers between private persons and nothing more.
It is impossible to forbid MMM. The same way it is impossible to forbid people manage their own money the way they like. Thus they need to forbid the whole private property institution.
So everything is absolutely clear with the lawfulness. There are no violations and they won't be! Let's now talk about the other. About honesty. It is important to underline, that MMM doesn't cheat or abuse anyone. In other words it is not a cheat or fraud in any case! Everyone is informed about the possible and impossible risks fully and from the very beginning (And everyone put a mark during the registration, confirming that he was informed about the warning.)
MMM itself is more honest (in 100 times!) than any other bank, or any financial institution with their licenses or permissions. Because they all lie to you, hold or keep back something and so on. And only MMM doesn't keep back you in silence, doesn't hide anything and tell everything honestly and openly. “Yes, You take a great risk!... Yes, no guarantees!... Yes, You may loose everything at any moment!...” - Did You hear the same before anywhere? Only in MMM.
Honesty, honesty and again honesty! This is the main principle. Honesty, openness and trust. This are the three whales on which the System stands. Have ever seen before the situation, when absolutely unacquainted people transfer money to each other with no reason? Giving them like a gift actually? Millions and millions of people all over the world, every day? Delirium? Fiction? Utopia? No, it is MMM!
Participate! Welcome to the System! Long Live MMM!
There is no formal organization, no legal person in MMM. And of course there is no central bank account, no other activity in any form. Neither close, nor open. There is nothing! There are only millions and millions of simple participants, simple private persons. And their bank accounts. And nothing more.
And of course there is no special registrations, permission and licenses in here.
(Permissions and licenses for what and for what reason? For money transfer from one man to another? And whom this licenses and permissions should be given?)
Thus, MMM is absolutely legal and does not break any laws. Because there are only money transfers between private persons and nothing more.
It is impossible to forbid MMM. The same way it is impossible to forbid people manage their own money the way they like. Thus they need to forbid the whole private property institution.
So everything is absolutely clear with the lawfulness. There are no violations and they won't be! Let's now talk about the other. About honesty. It is important to underline, that MMM doesn't cheat or abuse anyone. In other words it is not a cheat or fraud in any case! Everyone is informed about the possible and impossible risks fully and from the very beginning (And everyone put a mark during the registration, confirming that he was informed about the warning.)
MMM itself is more honest (in 100 times!) than any other bank, or any financial institution with their licenses or permissions. Because they all lie to you, hold or keep back something and so on. And only MMM doesn't keep back you in silence, doesn't hide anything and tell everything honestly and openly. “Yes, You take a great risk!... Yes, no guarantees!... Yes, You may loose everything at any moment!...” - Did You hear the same before anywhere? Only in MMM.
Honesty, honesty and again honesty! This is the main principle. Honesty, openness and trust. This are the three whales on which the System stands. Have ever seen before the situation, when absolutely unacquainted people transfer money to each other with no reason? Giving them like a gift actually? Millions and millions of people all over the world, every day? Delirium? Fiction? Utopia? No, it is MMM!
Participate! Welcome to the System! Long Live MMM!
SEC Registration
MMM Philippines technically need not register under the Securities and Exchange Commission. One is because it is not a business entity nor it is involved in trading of securities. Another is that as a group of people involved in mutual aid, providing help and getting help is between private individuals and requires no government regulation.
But in order to help MMM participants in the Philippines, a group of Filipino MMM leader-participants decided to register a non-stock corporation under the name “MMMavro Club Inc.” (Note: the names "MMM", "MMMPhilippines" have already been taken). The Club’s purpose it to let its members use the facilities, such as computers, internet, seminar area etc., for any MMM-related activities.
It is important to clarify though that participation in MMM does not mean membership in the MMMavro Club. However, the Club will assist any MMM participant whether they are a member of the Club or not. For example, for those MMM participants who don't have computers or don't know how to manage their PO, the club will allow them use of computers and internet and also educate them about managing PO.
To avoid legal issues, MMMavro Club will not accept donations if the intent is to earn 30% out of the MMM system. If the intent is to participate in MMM, MMMavro Club will help to facilitate their registration but will not receive the funds intended for MMM participation. Any donation to the Club is for the intent of covering operational expenses and other activities that advances the aims of MMMavro Club Inc.
The MMMavro Club Inc. aims to:
But in order to help MMM participants in the Philippines, a group of Filipino MMM leader-participants decided to register a non-stock corporation under the name “MMMavro Club Inc.” (Note: the names "MMM", "MMMPhilippines" have already been taken). The Club’s purpose it to let its members use the facilities, such as computers, internet, seminar area etc., for any MMM-related activities.
It is important to clarify though that participation in MMM does not mean membership in the MMMavro Club. However, the Club will assist any MMM participant whether they are a member of the Club or not. For example, for those MMM participants who don't have computers or don't know how to manage their PO, the club will allow them use of computers and internet and also educate them about managing PO.
To avoid legal issues, MMMavro Club will not accept donations if the intent is to earn 30% out of the MMM system. If the intent is to participate in MMM, MMMavro Club will help to facilitate their registration but will not receive the funds intended for MMM participation. Any donation to the Club is for the intent of covering operational expenses and other activities that advances the aims of MMMavro Club Inc.
The MMMavro Club Inc. aims to:
- To help people to get knowledge and skills to master the use of personal computer and maximize the power of the internet.
- To serve as a medium of assistance, information and communication to conduct charitable and humanitarian services.
- To empower the people, particularly, the internet and mobile phone users, by linking, uniting and organizing them together to form a community of people providing help to each other.
- To help by providing livelihood opportunities to the people and to conduct fund raising activities that will finance the projects, programs and activities of the organization.
- To establish municipal, city, provincial, national and international chapters
- To help the community and the government in the information dissemination and education campaign particularly in the fight against hunger, malnutrition, illiteracy, crime, bribery, graft and corruption by establishing communication linkages thru the use of the internet, VPN, SMS, GSM, 3G, 4G and other wireless communication facilities.
DISCLAIMER
MMM is NOT HYIP! This is a community of ordinary people selflessly helping each other; a kind of a "Global Fund" of mutual aid. This is the first sprout of something new in the modern soulless and ruthless world of greed and hard cash. The goal here is not the money alone. The goal is to challenge and destroy the world's unjust financial system until Financial Apocalypse happens. Before you join, be sure to be acquainted with our ideology. You also must have a clear understanding of this disclaimer and about the risks involved in doing MMM.
Always Remember:
Always Remember:
- In MMM there are no guarantees and promises! Neither Explicit nor implicit.
- MMM is neither an investment nor business opportunity! Participants help each other, sending each other donation directly and without intermediaries. That’s all! There’s nothing more.
- MMM does not have securities transactions, has no relationship with the professional participants of the securities market; you do not acquire any securities in MMM.
- MMM have no rules. In principle, the only rule is no rules. At all! Even if you follow all the instructions, you may still “lose”. “Win” might not be paid, without any reasons or explanations.
- In MMM there is a chance that you can lose all of your donation money. Always remember about this. Participate only with spare money that you can comfortably lose any time. Or better yet, do not participate at all!