Articles under ‘MMM Global’:

MMM Global Ponzi scheme resurrected for 2018

For some, the death of MMM Global founder Sergey Mavrodi earlier this year marked the end of an era. For others it presented a shameless opportunity to continue scamming people in his name.


Bizarre Sergey Mavrodi “Deepfakes” video surfaces

Overnight a reader sent me a link to a YouTube video, in which a seemingly resurrected Sergey Mavrodi smiled awkwardly and help up a sign. On first viewing I knew something was off about the video but initially I couldn’t figure out what. I felt like I was watching a CGI video, but only so [Continue reading…]


Russian scammers tried to resurrect Sergey Mavrodi

Following the death of their golden goose, Russian scammers tracked down a Sergey Mavrodi lookalike. After initially agreeing to be the “new” face of the MMM Global, Vladimir Fomin has revealed how “people from Moscow” hoped to resurrect the notorious Ponzi scheme.


MMM Global’s Sergey Mavrodi dead of a heart attack at 62

When I first learned of Sergey Mavrodi’s passing earlier today, my first reaction was “What is he pulling this time?” Such has been the staying power of Mavrodi’s MMM Global since it first popped up in 2011. Without a doubt MMM Global is one of, if not the most pervasive fraudulent schemes in MLM history.


Peru issues Pay Diamond, OneCoin, CoinSpace & MMM Global warning

Peru has grouped some of the top MLM Ponzi schemes doing the rounds and issued a collective consumer warning. The warning was issued on September 9th by Superintendencia De Banca, Seguros & AFP (SBS), Peru’s top financial regulator.


Authorities to target banks helping to facilitate MMM Nigeria Ponzi scheme

I don’t know what it is about Nigeria and the MMM Global Ponzi scheme, but for some reason locally scam refuses to die out. Despite having collapsed three times beginning last December and resulting in an estimated $57 million dollars in losses, MMM Nigeria continues. Criminal action has been taken against at least one MMM [Continue reading…]


MMM Nigeria affiliate facing eighteen years in prison

Following the collapse of MMM Nigeria a few months ago, it was estimated that some 3 million Nigerians together lost $57 million dollars. Following a criminal complaint filed by two affiliates, now one MMM Nigeria affiliate is facing up to fifteen years in prison.


Bank of Ghana issues MMM Ghana investor warning

One of the more pervasive Ponzi schemes that refuses to die is MMM Global. Founded by Sergey Mavrodi and with origins dating as far back as 1994, MMM Global collapsed last year. Due to the scheme using bitcoin and Mavrodi walking away scott free, total investor losses were never quantified. The aftermath of MMM Global’s [Continue reading…]


MMM Reunited Review: 100% a month ROI MMM Global clone

MMM Reunited provide no information on their website about who owns or runs the business. The MMM Reunited website domain (“mmmreunited.org”) was privately registered on January 29th, 2017. Alexa currently estimate that the US (53%) and Nigeria (25%) are the top sources of traffic to the MMM Reunited website. This suggests that whoever is running [Continue reading…]


3 million Nigerians lose $57 million in MMM Nigeria collapse

The Nigerian Deposit Insurance Corporation has revealed that an estimated three million Nigerians lost over $57 million USD in the MMM Nigeria collapse. Speaking at an International Trade Fair on Thursday, Hadi Suleiman, NDIC’s Deputy Director of Corporate Affairs