Who was the owner of MMM?
Sergei Mavrodi
MMM (Ponzi scheme company)
| Native name | Акционерное общество «МММ» |
|---|---|
| Founder | Sergei Mavrodi |
| Defunct | 2004 |
| Fate | Shut down by Russian police in 1994, declared bankruptcy in 1997, reopened in 2011 as MMM Global |
| Headquarters | Russia |
Who created MMM?
Sergei Mavrodi
Vyacheslav MavrodiOlga Melnikova
MMM/Founders
Russian Sergei Mavrodi, who died in 2018, earned the platinum medal for developing the MMM, the most elaborate Ponzi scheme that the world has ever seen. His scam left over 30 million people bankrupt in a matter of a few years, both in Russia and Nigeria.
Is Mavrodi dead?
Deceased (1955–2018)
Sergei Mavrodi/Living or Deceased
Why do we say Mmm?
When texting or using instant messaging, I often write “mmm” as shorthand for a sound of agreement (imagine me nodding, sagely, thinking “yes,” “totally,” “I’m on your wavelength”).
What happened to MMM owner?
After duping millions of people, MMM founder has died of a heart attack in a Russian hospital. Oh well, the stresses of the people who have been duped have caught up to him and finished him. MMM Founder, Mavrodi is dead. Mavrodi was born with a heart problem and was good at Mathematics and Physics.
What is the aim of the MMM Global?
The aim of MMM Global is to encourage and teach people to provide financial help to each other and change in this way the character of financial relations among people throughout the modern world. Unlike charity organizations that offer help to people who got into trouble, MMM Global promotes mutual help — everybody is helped and everybody helps.
Is there a MMM Group in South Africa?
In 2015, MMM began operating in South Africa with the same business model as MMM-2011, claiming a “30% per month” return through a “social financial network”. The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank.
Do you need to register with MMM Global?
MMM Global has no financial accounts and thus has no need in legal registration. MMM Global is the community, the social network, where people, who are willing to help each other voluntarily, can register and leave their contact information.
When did the MMM Global Ponzi scheme start?
MMM Global (also known as МММ-2011 / МММ-2012) is a Ponzi scheme launched in 2011 by Sergei Mavrodi, with subsidiaries in up to 110 countries [citation needed]; it became widely popular in various African countries like South Africa, Nigeria, Zimbabwe, Kenya and Ghana with some attributing this popularity to poverty…
https://www.youtube.com/watch?v=7ajB92sDSCU