According to media reports, founder of the MMM series of financial pyramid schemes, Sergei Mavrodi, has died in Moscow. Mavrodi was taken to a city hospital from a bus stop overnight Monday after he felt weakness and pain in the chest area, reports Moskovsky Komsomolets. The emergency team has failed to save his life. “He […]
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According to Tribune, A Benue-based woman, Gloria Samson, committed suicide after her investment in the crashed Manrodi Mondial Money box (MMM) was lost. The deceased who left behind her husband and two children, was said to have invested a N400,000 loan she procured into the ponzi scheme. The deceased reportedly took her leave on December […]
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By Yinka Odumakin Those who were in Lagos around 1991-2 would remember Forum Finance located on Allen Avenue in Ikeja, a company that employed a number of young men and women in flashy cars going about town duping the gullible of their hard earned money. Its famous advert was “Forum go double your money!”. It […]
Continue ReadingBy Gbenga Adebambo Dear MMM friends, Horace Greeley once said, “The darkest hour in any man’s life is when he sits down to plan how to get money without earning it.” Your ambition is poor if it is all about making money! The poor chase money while the rich attract money. The right way to […]
Continue ReadingSergey Mavrodi, founder of MMM, has written an open letter to the Nigerian government to justify the importance of the popular Ponzi scheme. The News Agency of Nigeria (NAN) reports that the letter was displayed on the page of all participants of the scheme. Mavrodi warned the federal government that if the Ponzi scheme collapses, […]
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