MMM fouder Sergey Mavrodi dies at 62

Sergey Mavrodi, the founder of the popular ponzi scheme MMM,
a Russian company that perpetrated
one of the world's largest Ponzi
schemes of all time, 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.
it was gathered that 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.
"The emergency team has failed to save
his life. He died in the morning," the report
said.
The preliminary cause of death is a heart
attack.
Was MMM genuine or a scam?
Sergei 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 the MMM has
reached 10-15 million people..