MMM founder, Sergey Mavrodi is dead
According to a report by Moskovsky Komsomolets, the founder of the MMM series of financial pyramid schemes, Mavrodi, died in Moscow at the age of 62.
Mavrodi was taken to a city hospital from a bus stop overnight Monday, March 26, after he felt weakness and pain in the chest area.
“The emergency team has failed to save his life. He died this morning,” the report said.
Sergei Mavrodi created the company “MMM” in 1992. It quickly gained popularity and became the largest financial P2P in the history of Russia.