Ponzi scheme, Mavrodi Mondial Moneybox (MMM) which recently froze withdrawals for 30 days in Nigeria has now been launched in Kenya.
While MMM Nigeria had promised a 30% returns to investors, the Kenyan site tells investors to expect 40% returns after a month.
A check on the domain, www.kenya-mmm.net revealed that it was registered on August 12, 2016 with the address, 133, Sakura House in Tokyo, Japan and an anonymous registrar.
The Kenyan version already has a Facebook page as well as a YouTube channel.
MMM Nigeria on Tuesday had announced that withdrawals will be frozen for 30 days and would be back in January 2017
This was days after its founder, Sergey Mavrodi wrote an open letter to the Federal Government claiming the scheme redistributes wealths from the rich to the poor.