MMM The Final Shutdown
After the death of Sergey Mavrodi, I was hoping that the MMM scam would finally end. My hope has turned into reality. It has been announced that the MMM scam has come to an end.
In 1989, Mavrodi founded the company “MMM”. Initially, the company focused on trading and finance, not attracting much attention. Five years later, “MMM” issued its first shares, and then, bypassing legal restrictions on the volume of shares, began issuing “MMM” tickets. In fact, it was just a colored paper. The tickets resembled Russian currency, only with portraits of Mavrodi. The price was one thousand rubles. These tickets grew in value as more investors were brought into the Ponzi scheme.
The police took down MMM in 1997. The company was declared bankrupt, Mavrodi was put on the wanted list.
In 2007, Mavrodi left prison and promised “to do something” to “return money to investors.” In January 2011, he relaunched the MMM scam as MMM-2011. It was another Ponzi scheme and It lasted about one and a half years, 35 million people took part in it.
MMM Global was next for him. After the collapse of MMM Global, the MMM scam has moved from country to country .
Here is the announcement of the final shutdown of MMM:
MMM STOPS OPERATING
After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology“. Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts.
In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.
We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering.
Hoping for your understanding, Administration.
– Source nigeria-mmm.net, mmmindia.in, africa-mmm.net,