Sergey Mavrodi, the founder of MMM, a Russian company that ran one of the world’s largest Ponzi scheme, is dead.
According to a report by Moskovsky Komsomolets, the founder of the MMM series of financial pyramid schemes, Mavrodi, died in Moscow at the age of 62.
Mavrodi was taken to a city hospital from a bus stop overnight Monday, March 26, after he felt weakness and pain in the chest area. He died afterwards.
Sergey Mavrodi created the company “MMM” in 1992. It quickly gained popularity and became the largest financial pyramid in the history of Russia.
The income of the members who joined it was paid out of the contributions of new arrivals, and when the flow of customers ceased to grow, non-payments began.
According to various estimates, the number of victims of MMM has reached 10-15 million people.
However, the news of his death have received several reactions from people, especially Nigerian participants of the MMM ponzi scheme.
Below are some of the opinions:
Some of the comments raised questions about the circumstances that surrounded his death, while the majority of the people believed that it was just a clear case of Karma.