Mmm mavrodi news
You're interested in news about Mavrodi Mondial Credit (MMM)!
MMM was a Russian Ponzi scheme that was founded by Sergei Mavrodi in the 1990s. It was a massive scheme that defrauded millions of people worldwide, promising unusually high returns on investments.
Here are some recent news updates about MMM:
- MMM's revival attempts: Despite being shut down multiple times, MMM has continued to pop up in various forms. In 2020, a new MMM scheme emerged in Nigeria, promising investors returns of up to 30% per month.
- Law enforcement efforts: Authorities have been cracking down on MMM's operations. In 2020, the Russian authorities arrested several MMM officials, including a former MMM executive who was accused of embezzling millions of rubles.
- Investor losses: MMM's collapse has left many investors with significant financial losses. In 2020, a group of MMM investors in Nigeria filed a lawsuit against the scheme's operators, seeking compensation for their losses.
- Regulatory warnings: Regulators have been warning investors about the risks associated with MMM. In 2020, the Nigerian Securities and Exchange Commission (SEC) issued a warning about MMM, stating that it was an illegal investment scheme.
It's essential to remember that MMM is a Ponzi scheme, and investing in it is extremely risky. If you're considering investing in MMM or any other scheme, please do your research and consult with a financial advisor to ensure you're making an informed decision.
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