₦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).[1][2][3]

MMM activities Edit

In 1989 he founded MMM.[4][5][6]

He was then elected to the State Duma,[6] thereby obtaining parliamentary immunity. Mavrodi declared MMM bankrupt on December 22, 1997, then disappeared, and was on the run until his arrest in 2003.[7]

In 1998 Mavrodi created Stock Generation,[8][9] allegedly a classic pyramid scheme presented as a "virtual stock market game".[1] 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.[10] 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.[11][12]

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).[7]

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!"[13] 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.[14] In May 2012 he froze the operation and announced that there would be no more payouts.[15]

In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid.[16] He has also launched MMM in China.[17] He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.[14] As of September 2015 it had spread rapidly in South Africa with a claimed 1% per day or 30% per month interest rate scheme[18] and warnings from both the South African and Russian Communist Parties for people not to participate in it.[19] In early 2016, he continued the same model in Zimbabwe (the accounts were frozen in September 2016), and later, in Nigeria (accounts frozen in December, 2016)

Medley:
I leave it here for your own list. the pen is yours

source; http://naijamatterashedeyhot..com/2016/12/7-annoying-things-ladies-do-when-they.html

adenuga360:
My advise for Nigerians who wish to study abroad is to go to top schools and do courses with good market value. Like the popular proverb If you want to eat frog, make sure you eat the biggest.

Richy4:
Dear....Maybe you should read my post again....this time slowly......I did not say they should not bless them...what the couple were looking for was a pure marriage as if they do not know themselves when their was a glaring evidence before the congregation and the pastor...Assuming they said they wanted marriage blessing, they would not have refused...even those that married for 50 still go for marriage blessing to solidify their union in the presence of God

They should opt for Marriage blessing....instead of the pastor quoting ".. do you promised to take this man or woman to be your lawfully wedded wife/husband......," he will be "You have promised to take this man...."

As for the disgrace, it is always good to flee from scandal or anything that will put anyone is such compromising situation...assuming they did not do it, we will not be talking about this.....It is not compulsory that people must fornicate...have you thought of that...even when Adam eat the forbidden fruit, their was consequences....They were embarrassed... but God blessed their union despite what they did....but they were still banished from the garden...even if they have asked God for forgiveness, I still maintain that they go for marriage blessing..

2SWT:
If you say the church is not supposed to wed a pregnant lady then wedding should strictly be meant for virgins because fornication is fornication whether the lady gets pregnant or not.


Some aunties after series of abortion they put on white gown for church wedding and you all will go there and keep quiet then you condemn a lady who kept the baby.

If I were in her shoes I wouldn't even bother for a church wedding I will just do it in court and go for reception after all wedding is wedding wether it was in church or not.

One last thing; what is the relevance of church wedding?

Estimable:
Stamford Bridge has become so Hazard-ous i Kante believe this Terry-fic run of form,it's Conte-gious. We are Cost-ing to the title in a Fab-lous way

LesbianBoy:
Don't mind her! Ebube that UGLY but rich footballer emmanuel emenike dumped for his current fiancee iheoma nnadi

ahamonyeka:
Is there any wrong with having a plenty of bears properly lined and neat with a shave head to a job interview?

mazimee:
I don't know why Atheists find fun in picking on Christians more than they pick on their Muslims counter part for some obvious reasons we are all aware of. They don't believe in God fine, but they just won't stop going offensive on Christians with everything in their possession.

You all know that, he won't try this with Islam still have his head hanging on his neck.
Respect people and their believes no matter how stupid it sounds to you.

Larablink:
See as him dey dance. I'm sure na part of my money them use buy the tyre of the car.

timidapsin:
Disclaimer: I am not against MMM and i have never done it before, I even believe CBN, EFCC and other top government agencies deliberately wants the scheme to crash,
And the only way it will crash is if people stop doing it.

Rest my case!

cupidFlint:
We were warned to invest with our spare money which I personally did. am not even disturbed. if it comes back on in January, which I doubt it would, then good for us, if it doesn't so be it. The greatest blame should be on the present government cos if our economy had been buoyant these folks wouldn't have come in the first place.

eshietIntrepid:
I won't comment on the audio as I'm yet to listen to it.

But rivers state that I know and live in it, all my live and also voted during the elections both the one that brought it ameachi in 2011 to the just concluded one this month. I'll say PDP do not need to bribe anyone to win elections.

Even some of the so called APC Argents do vote for PDP, just working with APC for the money.

When APC need protesters, there some people willing to carry the plascard and walk the street for APC as long as the price is right. But when it comes to voting rivers state is for PDP,

Dinobi77:
In a responsible govt, this sgf will not last a sec on that sit with the mountain of corrupt allegation again him. Pmb said sometime ago that whoever had an evidence against any of his men should bring out, but this is Apc, northern thing so will be swept under the carpet. Whoever takes this govt serious this govt in d fight against corruption will b disappointed.

UrennaNkoli:
Nothing like satanic occult. There's always a trick to every supposed magic. If you take your time and examine well, you'll find the trick.

This is why Africa will never develop. They put too much belief in black magic, voodoo and rituals while they neglect hardwork and Knowledge and intelligence. Where will you ever hear this from in the western world ?

It baffles me some mumus still fall for a magic as petty as sword piercing . Even some of the worlds greatest magicians have been busted in time past. Just check out this link as shared by someone. http://sabotagetimes.com/life/5-of-historys-greatest-magic-tricks-explained
And some people have been calling me names...
Africans can be so gullible and foolish

tola09:
*WORD FOR THOUGHT, HELP CIRCULATE IT*You got into many relationships that never worked, and no one is mocking you in public. Yougot into a marriage that crashed, yet your friends are not on facebook celebrating your pain, and you haven't killed yourself yet. Your many attempts at businesses have failed and you lost money, yet you are still alive. You have taken many risks that never paid off, yet you are still moving on with hope.Now you advised your friend not to do MMM, but he went for it anyways. MMM is frozen for 30days, at least so we heard, and you find joy in taking to facebook to mock your friend JUST TO BE PROVED RIGHT. Same way you pray for the failure of the government you didn't vote for JUST TO BE PROVED RIGHT.I have taken time to read the MMM freezing report, it is a shame that you have decided to take that report out of context, add salt and pepper, just to cause panic and unnecessary tension. Many people have fainted because they read your false version of MMM story. Will you also celebrate on facebook if they commit suicide tomorrow on account of your mockery?Even if they were careless in taking risk with MMM, must you add to their sorrow?Don't you have any conscience sire? Are you not a hypocrite?If that young man came to you for help, even to borrow money before MMM, would you have given him? How many of you have helped poor people the way MMM has in the last year(i speak based on the testimonies in the mouth of Nigerians). In October i met a young man in Port Harcourt who moved from someone's house as a squatter to a one-bedroom apartment and i still remember the joy with which He glorified God for MMM. How many people have glorified God for your help and support, STINGY YOU!There is a high level of moral bankruptcy in this nation. People are more willingto celebrate the pains of fellow Nigerians than anything else. It is the same reason they go to accident scenes, and their first impulse is not to help but snap and post gorry pictures on facebook to extract AMEN from people.If you know you have never done things that failed in your life, then continue mocking your MMM friends.......And for the record, MMM has not crashed, it's still alive well.

adeaks:
Bayern v Arsenal.

Arsene Wenger has to be one of the most unlucky managers ever when it comes to the champions league. Another likely second round exit awaits.

Silentscreamer:
Hahaha.. U dont wish me well