MMM Global Republic of Bitcoin
Sergey Mavrodi, founder one of the largest Ponzi schemes of all time, which stole around US$10 billion worth of funds has initiated another investment scheme with bitcoin and the same brand name.
MMM Global, derived from his previous billion dollar ponzi scheme MMM guarantees 100% profit per month by having its users purchase “Mavros,” which Mavrodi describes as altcoins and invest in a “Global Fund of Mutual Aid.”
“MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence. We use BITCOIN infrastructure in our transactions. In MMM you don’t have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help — another one helps,” the website explains.
The fund has gained popularity from many South African bitcoin users and investors from South East Asia. This time, a lot of new “bitcoin investors” may fall victim to Mavrodi once again, which certainly won’t help Bitcoin’s public image (e.g. MtGox), and that’s something Lee and Bitcoin users will be hoping to avoid this time around.
MMM Global Republic of BitcoinSergey Mavrodi, founder one of the largest Ponzi schemes of all time, which stole around US$10 billion worth of funds has initiated another investment scheme with bitcoin and the same brand name.MMM Global, derived from his previous billion dollar ponzi scheme MMM guarantees 100% profit per month by having its users purchase “Mavros,” which Mavrodi describes as altcoins and invest in a “Global Fund of Mutual Aid.”“MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence. We use BITCOIN infrastructure in our transactions. In MMM you don’t have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help — another one helps,” the website explains.The fund has gained popularity from many South African bitcoin users and investors from South East Asia. This time, a lot of new “bitcoin investors” may fall victim to Mavrodi once again, which certainly won’t help Bitcoin’s public image (e.g. MtGox), and that’s something Lee and Bitcoin users will be hoping to avoid this time around.
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