Emgoldex news 2016
Emgoldex was a popular multi-level marketing (MLM) company that was founded in 2014 and was active until 2016. Here are some news articles and updates about Emgoldex from 2016:
January 2016:
- Emgoldex was banned in Russia due to allegations of fraud and pyramid scheme activities. (Source: RIA Novosti)
- The company's website was taken down, and its social media accounts were suspended. (Source: Emgoldex Facebook page)
February 2016:
- Emgoldex was banned in Ukraine due to similar allegations of fraud and pyramid scheme activities. (Source: Ukrainian News Agency)
- The company's founder, Sergey Mavrodi, was arrested in Moscow and charged with fraud. (Source: BBC News)
March 2016:
- Emgoldex's assets were frozen by a Russian court, and the company's bank accounts were seized. (Source: Russian News Agency)
- The company's website was replaced with a notice stating that it was no longer operational. (Source: Emgoldex website)
April 2016:
- Emgoldex's founder, Sergey Mavrodi, was sentenced to 5.5 years in prison for fraud. (Source: BBC News)
- The company's remaining assets were sold off to pay off debts and fines. (Source: Russian News Agency)
May 2016:
- Emgoldex was officially declared bankrupt by a Russian court. (Source: Russian News Agency)
- The company's website was taken down permanently, and its social media accounts were deleted. (Source: Emgoldex Facebook page)
These news articles and updates summarize the events surrounding Emgoldex's collapse in 2016. The company was accused of running a pyramid scheme and was banned in several countries, including Russia and Ukraine. Its founder, Sergey Mavrodi, was arrested and sentenced to prison for fraud.