Metro Nigerian Investors' Plight As MMM Founder Mavrodi Dies - Punch Newspapers

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Russian businessman, Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack.

Reports said the 62-year-old was rushed to a hospital late on March 25, following complaints of chest pain. He died several hours later.


According to Moskovsky Komsomolets, a Moscow-based newspaper, Mavrodi complained of weakness and pain in the heart and was hospitalised.

“Mavrodi was hospitalised in the 67th city hospital. He could not be saved – he died this morning,” the paper reported.

Mavrodi promised returns of 20 per cent to 75 per cent a month, as well as lotteries and bonuses for investors


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