₦airaland Forum

Sergey Panteleevich Mavrodi (Russian: Серге́й
Пантелеевич Мавроди; born August 11, 1955) is a Russian
criminal and a former deputy of the State Duma. He is the
founder of the МММ series of pyramid schemes. In 2007
Sergei Mavrodi was found guilty in a Russian court of
defrauding 10,000 investors out of 110 million rubles ($4.3
million).
MMM activities
In 1989 he founded MMM.
He was then elected to the State Duma, thereby obtaining
parliamentary immunity. Mavrodi declared MMM bankrupt
on December 22, 1997, then disappeared, and was on the
run until his arrest in 2003.
In 1998 Mavrodi created Stock Generation, allegedly a
classic pyramid scheme presented as a "virtual stock market
game". The website ran from 1998 to early 2000. The
Massachusetts district court initially found that U.S.
Securities and Exchange Commission was unable to cite
Stock Generation's founders and owners for securities
violations. However, the United States Court of Appeals
reversed this decision in 2001, concluding that the SEC
alleged sufficient facts to state a triable claim. In 2003
the SEC obtained permanent injunctions against SG Ltd. and
relief defendants SG Perfect and SG Trading, which profited
from the disbursement of funds fraudulently gained by SG
Ltd.
On April 28, 2007, a Moscow court sentenced him to four
and a half years in a penal colony. The court also fined him
10,000 rubles ($390).
In January 2011, Mavrodi launched another pyramid
scheme called MMM-2011, asking investors to buy so-called
Mavro currency units. He frankly described it as a pyramid,
adding "It is a naked scheme, nothing more ... People
interact with each other and give each other money. For no
reason!" Mavrodi said that his goal with MMM-2011 is to
destroy the current financial system, which he considers
unfair, which would allow something new to take its place.
MMM-2011 was able to function openly as Ponzi schemes
and financial pyramids are not illegal under Russian law.
In May 2012 he froze the operation and announced that
there would be no more payouts.
In 2011 he launched a similar scheme in India, called MMM
India, again stating clearly that the vehicle is a pyramid.
He has also launched MMM in China. He was reported to
be trying to expand his operations into Western Europe,
Canada, and Latin America. As of September 2015 it had
spread rapidly in South Africa with a claimed 1% per day or
30% per month interest rate scheme and warnings from
both the South African and Russian Communist Parties for
people not to participate in it. In early 2016, he
continued the same model in Zimbabwe (the accounts were
frozen in September 2016), and later, in Nigeria.

aadetoyin:
I love my bbm over whatapp.
I love the smileys and the PiNg!!!
What's app should upgrade from those fake smileys.

for that can I have your pin?

Bravo sir God bless you

President please do not kill that goat is a trap, I know what I am saying here, old woman for that matter and from edo state e get as e be o

If I may ask, can this man speak for himself must he always Femi Adesina to speak for him, check it out other president speak for his/her country but for my own na no no, if na to tell your wife to go to the ooz zah room him go do am

[quote author=thonyrule post=50638858]when is the next one coming up?? gotta be there[/quote
Guy if you want to know the history of this festival in detail whatsapp me with this number 08163386559

kennyg20092261:
It is called ihohode in uzebba, Edo State.

ihovhode not ihohode

JDelight:
It's age group celebration oh and that is my village Uzebbaiuleha Owan west Lga Edo. And those guys are twins Omo is a senior lecturer in Unilag y Odion I don't really no much about him now but they were once my teacher den in secondary school 2001. D age group celebration is not compulsory for everybody. That is for nw.

Omion esee o

In MJ voice "speechless"

ChemicalReaction:
Where do I fit

You fall in the age of 40 and above

Cave men

08163386559

You don't give what you don't have

Tonyosas101:
Most of you don't get it

He (PMB) said "my wife" ....from the video, he was smiling and that means he was joking

May God have mercy on you, how can you say what the president said is a joke, when you know the person pmb standing with when made that nonsense comment is a woman and the other country he's looking unto will soon have her own president as a woman and you called it a joke, did he leave Nigeria for garmany for stand up comedy show? Please no make vex for you oh

A right step in a wrong dircetion

And if we refuse to buy, what are you going to do, send DSS or EFCC to us?

Mr man I hope am not among the people you said you are leading? If yes please try to resolve the maths again

If only Nigerians can give this man a listing ears for once, the man may have a point

Judgement is of the Lord God Almighty not man

May God bless our past and present leaders, I refuse to speak ill of our leaders

sarrki:
Good one

Let the bombing continue

. And who told you there is bombing in station close to refinery? I don't know why this country like to carry fake news all able, is just a tank that bornt last night along NPA express road, 5 minutes walking distance away from my home give or take, admin try to educate your posters so that they will not mislead the public wrongly

Which vote? When accreditation is still going on

If I may force to ask, who and who is using this light in this country because like my area we only see light once in blue moon, so they should stop deceiving people with 10million mwatt generated

MrsExplorer:
off to italy

try it you die well, for the comment I will report you to your parent

Una don start again oh, if I may ask with which money?

We are waiting for the cash

Nice one but not in Nigeria road

Birds of a feather

Please is not yet time to wail, according to some of my brother here say, there is no wailing form untill june 2018 before new form will come out