Mavrodi is Dead
According to media reports, MMM founder series of the financial pyramid scheme, Sergei Mavrodi, has died in Moscow.
Mavrodi which is the MMM founder 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.
Mavrodi
The emergency team has failed to save his life. "He died this morning," the report said.
In 2007, Sergei Mavrodi was convicted in a Russian court of defrauding 10,000 investors out of 110 million rubles ($ 4.3 million).
Mavrodi also known as MMM founder claimed that he is not the beneficiary of the donations and he is not used to flamboyant lifestyle.
His true charge of which he was later convicted of tax fraud is though he claimed that 3000 scheme is not a business, but a mutual donation program of which there is no law against such. Unbelievable that MMM founder can later die despite how he make people cry..
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