Biography: Sergey Mavrodi (August 11, 1955 - March 26, 2018) - founder of the MMM financial pyramid.
Sergei Panteleevich Mavrodi (11 August 1955 – 26 March 2018) was a Russian financial fraudster, financial criminal and previously a deputy of the State Duma. He was the founder of the МММ, a scheme that defrauded millions of people around the globe.
Biography: Sergey Mavrodi (August 11, 1955 - March 26, 2018) - founder of the MMM financial pyramid.
In 1989 Mavrodi founded MMM. He was then imprisoned on charges of financial fraud involving MMM.
In 1989 Mavrodi founded MMM. He was then imprisoned on charges of financial fraud involving MMM. Together with his younger brother Vyacheslav and his girlfriend Marina Muravyova, he founded the MMM cooperative (the name is made up of the first letters of the names of the founders). Initially, the cooperative was engaged in the trade of imported office equipment, thanks to active advertising in 1991 it became the leader in Russia in this area. November 5, 1991 "MMM" registered its own commercial bank (liquidated in 1994).