“FOR THE ‘MMM’ THAT YOU SEE TODAY, YOU SHALL NEVER SEE AGAIN FOREVER…” Well the above statement is self explanatory; MMM has gone on permanent vacation, they have officially shut down worldwide.
The management of the ponzi scheme has been trying to keep up a year after the death of its Founder- Sergey Mavrodi who died of heart attack, but their effort failed.
The management has however come out to say it can no longer keep up due to the founder’s death and were shutting down. This has automatically left millions of people who tied their destiny, survival and future wealth to the scheme stranded and shattered
The statement goes thus:
“Dear participants, after much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology”.
Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts. In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.
We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering. “Hoping for your understanding, Administration.”
МММ meaning Mavrodi Mundial Moneybox (MMM) was a Russian company that perpetrated one of the world’s largest Ponzi schemes of all time, in the 1990s.