His company once raked in millions of dollars a day. He owned enough cash to pack several rooms full with banknotes. He was elected to the Russian State Duma and even attempted a run for president.

Despite the sad past of the Mavrodi pyramid in Russia, numerous media reports calling it a scam and even recent detention of leaders promoting the system in India, MMM members are not ready to abandon ...

Bitcoin is ripping higher these days, and a report from the Financial Times suggests that a convicted Ponzi-schemer's latest enterprise could be behind the surge. Sergei Mavrodi runs the website MMM, ...

Sergei Mavrodi, founder of the infamous Ponzi scheme MMM Global, is back with a dubious new offering following a 20-plus-year history of scams: an Ethereum blockchain-based cryptocurrency. Called ...

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, weekend, said ...

Ka Sergei Mavrodi bụ onye bidoro ebe a na-atụkọ ego iji nweta mmụbanye ego ọzọ nke ọ kpọrọ Mavrodi Mundial Moneybox (MMM), nwụrụ taa, ndị mmadụ ekwuputala uche ha gbasara ọnwụ ya. Mavrodi dị afọ 62, ...

Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the ...

MOSCOW — Sergei Mavrodi, a Russian operator of Ponzi schemes and sometime politician, has died. He was 62. Mavrodi shot to fame in Russia’s chaotic and poverty-stricken 1990s, promising vast profits ...

MOSCOW, March 26. /TASS/. Russia’s most infamous fraudster Sergei Mavrodi, whose notorious MMM Ponzi scheme deprived millions of Russians of their life savings during the 1990s, has died in a local ...