Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,742 members, 7,955,834 topics. Date: Sunday, 22 September 2024 at 04:30 PM |
Nairaland Forum / Nairaland / General / Investment / Sergei Mavrodi, MMM Founder Dies At 62 (72081 Views)
Sergei Mavrodi: MMM Founder Buried In Closed Coffin (pic, Video) / MMM Shuts Down Operations And Site After The Death Of The Owner, Sergey Mavrodi / 10 Categories Of People That Will React To The Death Of Sergei Mavrodi (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Sergei Mavrodi, MMM Founder Dies At 62 by sannde: 1:26pm On Mar 26, 2018 |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Chukazu: 1:27pm On Mar 26, 2018 |
folakemigeh: If only you new what was coming You would prefer to be called fake and keep your money after all... |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Nobody: 1:29pm On Mar 26, 2018 |
CastedAyo: Can you pls stop using the picture of this innocent girl all over the internet.. Its not funny atall. Dont be such a psycho 4 Likes |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by CastedAyo: 1:32pm On Mar 26, 2018 |
abiodunalasa: You well so? 1 Like 1 Share |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by ensamy(m): 1:34pm On Mar 26, 2018 |
I don't think he is dead. This is another scheme to hide from his crime forever 2 Likes 1 Share |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by wristbangle: 1:40pm On Mar 26, 2018 |
If this man go hell, the people whey e die go hell because of this scheme go kill the man again when him reach there. Wicked man! |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Mudley313: 1:40pm On Mar 26, 2018 |
I don't think this Russian scammer was in anyway part of the Nigerian MMM scheme; just a bunch of Nigerian fraudsters using his name to give the scam an international touch and copying his format to dupe gullible Nigerians 1 Like |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by wristbangle: 1:41pm On Mar 26, 2018 |
sinaj: Lol starting from you |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by tayour917i(m): 1:50pm On Mar 26, 2018 |
epe ijebu |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by newoffer: 1:52pm On Mar 26, 2018 |
TB Joshua is going to Russia to Resurrect him. U have not died o. 2 Likes |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by bottlecap: 1:54pm On Mar 26, 2018 |
sinaj:you always look buetiful and happy, what's the secret. |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Nobody: 1:55pm On Mar 26, 2018 |
Mavrodi is dead and gone to his grave.... Cruddy is still there dancing skelewu |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by ameri9ja: 1:55pm On Mar 26, 2018 |
[quote author=folakemigeh post=66170195] Such a nice man, He ensured he kept Most Nigerians Bank Account ACTIVE With the Advent of MMM, most people got to know which banks had the fastest Transfer and which bank was more reliable. I can never forget my experience with GTB to ACCESS bank Transfer----- Took almost two days for it to get to the Receiver,(GH) By then he had reported my upload as Fake, i cried that day like a baby who they took the moma's breasts away from [q] Sergey Mavrodi's death: [b]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. In 1994, Mavrodi became a member of the Russian parliament. Then he announced that he was giving up his privileges: salaries and cars. Mavrodi stressed that he became a deputy only for the sake of immunity. Two years later, before the presidential elections in 1996, he was stripped of his mandate. In 2007, Mavrodi was sentenced to 4.5 years in prison for defrauding 10,000 investors out of 110 million rubles ($4.3 million). All this time he left during the preliminary detention while the investigation was conducted. Mavrodi claimed he is not the beneficiary of the donations and he is not used to flamboyant lifestyle. His true charges of which he was later convicted of is tax fraud though he claimed that MMM scheme is not a business, but a mutual donation program of which there is no law against such. In 2016, he announced the creation of his own crypto currency - Mavro. In the first month, 33,000 people took part in the project. MMM stands for the first letters of the founders’ surnames - Sergei Mavrodi, Olga Melnikova and Vyacheslav Mavrodi. However, some people believe that it stands for Mavrodi Mondial Moneybox. The company got a lot of money from people - it was making about 50 million USD each day. MMM started as a company that imported office equipment. However, there were some problems. In January 1992 the company was accused of tax evasion. This led to problems with the financial support of company's operation. It struggled. But how did MMM achieve that? The company promised annual returns for up to 1000% to private investors. It sounded quite attractive, and a lot of people were eager to invest. With strong advertising and naive people (no one heard about scams during that time), MMM became one of the most successful companies in Russia. READ ALSO: Sergey Mavrodi's biography: What you didn't know about MMM founder However, the success didn’t last for long. Eventually, the company was shut down in 1994 and it declared bankruptcy in 1997. Unfortunately, everything didn't end there. After 14 years, the company reopened as “MMM Global.” MMM in Nigeria MMM started in Nigeria in November 2015, when it launched a new website for Nigerian audience. In Nigeria, the company decided to lower the standards and promised profit was 30% per month. The primary target of MMM was unemployed people. The number of people that signed up by the late 2016 was shocking - 2.4 million! They hoped that MMM would give them easy money and they had no doubts. Unfortunately, after a year of work in Nigeria, MMM announced the freezing of all members accounts. According to the company, the reason was “systems overload and the negative attention brought on by the Government and mass media.” After the freeze of members’ accounts, people started to panic. Sadly, the worst thing that happened was that the panic led them to even attempt to end their lives. Things got so serious that even the Lagos State Emergency Management Agency asked the citizens to look out for each other and call the emergency number if someone was trying to kill himself. Surprisingly, on January 2017 MMM Nigeria reopened. Also, on February 11th the company announced the lifting of the withdrawal limits on 2017 mavro. Investors were angry because of the delayed, and unfulfilled payments and some people left the scheme. READ ALSO: MMM founder's death: 4 things Sergey Mavrodi told Buhari about his Ponzi scheme The investors who stayed loyal to the company were given assurance of getting back their money. But the company stated that in order to get the pre-2017 money, investors should add new money. And the more they add, the higher their chances to get the previous money back. Though MMM came back, it could not regain the trust of the bulk of the investors failed to make huge impact it had when it was first introduced. About 110 countries suffered from MMM, including various African countries like Kenya, Ghana, Zimbabwe. People believed in the company and wanted to get a lot of money almost out of nowhere. PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app Meanwhile, when MMM froze members’ accounts, Nigerian media warned the citizens against investing in the Ponzi scheme reporting that the scheme had collapsed, but many turned deaf ears. Mavrodi himself wrote an open letter to Nigerian journalists whom he claimed were causing unnecessary tension in the country. According to him, MMM will be back by January as earlier stated, hence the rumour about the scheme collapse should stop. As the biggest online news platform in Nigeria, NAIJ.com openly replied Mavrodi's letter lecturing him about the existence of freedom of speech and and the importance of press as one of the fundamental values of Nigeria Read more: https://www.naija.ng/1024871-sergey-mavrodis-death-was-mmm-genuine-a-scam.html#1024871 |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by InvertedHammer: 1:56pm On Mar 26, 2018 |
/ Some of the suckers logged in here hoping for a pay out. Oh well... Cryptocurrency is currently digging enough hole to swallow as many victims as possible. / 2 Likes |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by ashawopikin(m): 2:00pm On Mar 26, 2018 |
na people swear kill am so oo 1 Like |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by fuckpro: 2:01pm On Mar 26, 2018 |
folakemigeh:lets do business |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by kmaster007: 2:01pm On Mar 26, 2018 |
if dis man no say juju dey work he wnt mess with naija pple. hw he no go die make he go spend d money for heaven |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by 8stargeneral: 2:02pm On Mar 26, 2018 |
D man caused havoc for so many families,d injury he caused never heal till now |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by orumba(m): 2:04pm On Mar 26, 2018 |
I Neva pay back finish |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Daint: 2:07pm On Mar 26, 2018 |
folakemigeh: I can see you miss it. |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by irenmwinfo(m): 2:16pm On Mar 26, 2018 |
[quote author=pastorcyrus post=66170294][/quote] pray for me in that same mfm ooo so that I can become like seun and far better than seun ooo. lolz |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Dammylois(f): 2:19pm On Mar 26, 2018 |
folakemigeh:LMAO 1 Like |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by futurism: 2:22pm On Mar 26, 2018 |
Jaguntemmy:STORY... are u sure Nigerians are not the maker of this news? |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Jaguntemmy(m): 2:25pm On Mar 26, 2018 |
futurism:do i look like sahara reporter? confirm the news your self |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Machinegun91(m): 2:27pm On Mar 26, 2018 |
Congrats to them |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by babtuns76(m): 2:29pm On Mar 26, 2018 |
irenmwinfo:where is My sister money #500;000k |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by sinaj(f): 2:31pm On Mar 26, 2018 |
bottlecap:Afang soup is the secret |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Lucas10(m): 2:32pm On Mar 26, 2018 |
So my #50,000 go like dat? |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by kingthreat(m): 2:41pm On Mar 26, 2018 |
Silly people. He never defrauded any Nigerian. Igbo boys used his invention to defraud you all. 3 Likes |
Re: Sergei Mavrodi, MMM Founder Dies At 62 by Olusojisorunmu(m): 2:45pm On Mar 26, 2018 |
folakemigeh: Lol! |
(1) (2) (3) (4) (5) (6) (Reply)
BREAKING: MMM Nigeria Crashes, Freezes Participants’ Money - Breezereporters / Navigating The Forex Terrain: A Comprehensive Guide To Choosing The Best Forex / Nigerians Ignore SEC's Warning On MMM, Say "MMM Is Not A Scam"
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 40 |