MMM founder Mavrodi dies of heart attack

< 1 min read According to media reports, founder of the MMM series of financial pyramid schemes, Sergei Mavrodi, has died in Moscow. Mavrodi was taken to a city hospital from a bus stop overnight Monday after he felt weakness and pain in the chest area, reports Moskovsky Komsomolets. The emergency team has failed to save his life. “He died this morning,” the report…

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MMM issues notice to investors, will freeze some Mavros

2 min read Ponzi scheme, Mavrodi Mondial Moneybox (MMM) is at again, announcing it will freeze some Mavros of its participants. It said it has also introduced new measures to ‘serve them better’. The information was forwarded on Wednesday to members of the ponzi scheme. MMM said it planned to launch the new rules which will “stop the growth of confirmed Mavros acquired…

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MMM boss, wife flee

2 min read Mr. Chuddy Ugorji, the initiator of the Nigerian faction of the mavrodi mondial moneybox ponzi scheme (MMM) has flee the country with his wife, Amaka. Unconfirmed report says the MMM Number one Guider has absconded and relocated to Philippine. He fled the country when many investors were awaiting anxiously to be paid back their money with the agreed interest. Chuddy’s…

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MMM, Sambisa And The Boy Died By Reuben Abati

7 min read “Happy New Year, my brother” “What do you mean happy new year, more than two weeks into the New Year. Have I not been in touch with you since January 1?” “But for you the New Year has just started. Your January 1 was not on January 1” “Looks like you have started taking something. I must inform your wife.”…

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Kogi youths celebrate return of the MMM Ponzi scheme

< 1 min read Some youths all around the Kogi state capital city of Lokoja on Saturday were at several beer parlours to celebrate the return of the controversial Mavrodi Mondial Movement (MMM) The Ponzi scheme, banned in Russia where it originated, froze the accounts of 3 million Nigerian members in December, causing panic and anxiety. The scam returned yesterday, a day before its…

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