Sergei Mavrodi, the man behind the MMM pyramid scheme, whose collapse led to at least 50 suicides, returns, and restarts its cryptocurrency Mavro.
The cryptocurrency world is not secure: the hacking of wallets, cryptocurrency exchanges, ICO projects, mining-viruses – all part of the world of digital money. However, such outright and blatant fraud as Sergei Mavrodi, the cryptocurrency world has ever met.
Sergey Mavrodi has created a pyramid MMM (Mavrodi Mundial Moneybox) in 1989, but, being elected as an Deputy of the State Duma, has received immunity. About 15 million people bought into advertising the opportunity to earn 300% profit in a month.
Of course all these people have lost their savings, Sergei Mavrodi declared MMM bankruptcy in 1997 and went into hiding until he was caught in 2003. In 2007, a Russian court found him guilty and condemned for four and a half years.
Since its release Mavrodi launched a new pyramid called MMM-2011, in different countries: China, India, Nigeria, Zimbabwe and South Africa. Of course, he promises stunning interest.
Your project MMM Global he started in 2014, and at the heart of his scheme is a crypto-currency Mavro. This cryptocurrency is issued to those who willingly shares it with others, and the amount of each user increases in proportion to its activity. He had previously launched a similar project, but after five days the updated version of the project called MMM Mavro.
The most abnormal and frightening is that people continue to believe this fraud. Even in Russia. At the moment Mavro is sold for 0.10 US dollar, and the capitalization of the project is just over 15 million.