Close button
The Guardian
Email YouTube Facebook Instagram Twitter WhatsApp
Everything you need to live well

Famous Ponzi Scheme MMM Shuts Down After Founder Mavrodi’s Death

Following the death of its founder, Sergey Mavrodi, popular Ponzi scheme MMM has announced a global shutdown of all its operations.


MMM. Photo: Premium Times Opinion

The network revealed in a statement that it would be unable to continue operations. It lost its founder,
Mavrodi, to a heart attack after he was rushed to the hospital late on March 25 with pain in his chest. Read the statement below:

Dear participants,

After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology”. Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts.

In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.

We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering.

Hoping for your understanding, Administration

Receive News Alerts on Whatsapp: +2348136370421