Was the lesson really learnt? Well, sad to say, it doesn't seems so, in fact according to RT.com (http://rt.com/news/pyramid-scheme-finance-mavrodi-049): "As at 20 December 2011 MMM-2011 works for 10 months, with over 1.5 mln. participants (organiser claims there are more than 10 mln. participants)"
Thursday, 23 February 2012
Sergey Mavrodi is back...
...the convicted criminal behind the Russian MMM Ponzi scheme (see previous post for detail) of the 1990s who taught millions of Russians one of the hardest financial lessons of their lives created a brand new Ponzi scheme called MMM-2011.
Was the lesson really learnt? Well, sad to say, it doesn't seems so, in fact according to RT.com (http://rt.com/news/pyramid-scheme-finance-mavrodi-049): "As at 20 December 2011 MMM-2011 works for 10 months, with over 1.5 mln. participants (organiser claims there are more than 10 mln. participants)"
Was the lesson really learnt? Well, sad to say, it doesn't seems so, in fact according to RT.com (http://rt.com/news/pyramid-scheme-finance-mavrodi-049): "As at 20 December 2011 MMM-2011 works for 10 months, with over 1.5 mln. participants (organiser claims there are more than 10 mln. participants)"
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