MMM (Ponzi scheme company) controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
International criticism of the MMM revival
The later online scheme was criticized and subject to warnings because its high-return promises and reliance on new participant money resembled the original pyramid operation.
2007
Fraud conviction of Sergei Mavrodi
Mavrodi was convicted in Russia in a case involving fraud against MMM participants.
1994
Collapse of the original MMM pyramid scheme
MMM’s investment operation failed after enforcement action and a loss of confidence. Many participants were unable to retrieve funds, and the episode became one of Russia’s best-known post-Soviet financial scandals.