Monday 9 April 2018

Mavrodi’s death: MMM announces final shutdown


The management of the global ponzi scheme, Mavrodi Mundial Moneybox (MMM), has announced a final shut down of operations.

The ponzi scheme in a statement on its official global website on Friday said they were shutting down due to the death of the founder, Sergey Mavrodi.
Mr Mavrodi, an ex-convict, died of heart attack on March 26.
The scheme, which collapsed over a year ago in many countries including Nigeria, has been a subject of controversy globally.

Mr. Mavrodi launched his controversial scheme in 2011 and crashed in Nigeria in December 2016; with millions of Naira belonging to Nigerians trapped in the scheme.
Although the scheme announced a comeback in 2017, it could not launch operation before the renewed enthusiasm among its members fizzled out.

On Friday, the scheme said continuous operation without Mr. Mavrodi made no sense.
“Dear participants, after much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspire, is impossible and makes no sense,” the statement read in part.


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