What is MMM in Russian?
Mavrodi’s enterprise is called MMM, which is an acronym for “we can do a lot” in Russian. In its first incarnation in the early 1990s, as many as 10 million Russians participated in it as the country transitioned to a market economy.
How does MMM Global work?
On its website, MMM Global unashamedly advertises itself as a scheme whereby new members “assist” older members by paying a fee to join. Older members are allowed to withdraw money after a certain period of time, and receive bonuses for encouraging others to sign up.
When did Mmm go public?
3M listed on the New York Stock Exchange on January 14, 1946.
Is MMM still working in Nigeria?
The scheme had announced a shut down in April 2018 following the death of Sergei Mavrodi, its founder. “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,” a message on MMM Nigeria website had read.
Who was the owner of MMM?
Sergei Mavrodi
MMM (Ponzi scheme company)
| Native name | Акционерное общество «МММ» |
|---|---|
| Founder | Sergei Mavrodi |
| Defunct | 2004 |
| Fate | Shut down by Russian police in 1994, declared bankruptcy in 1997, reopened in 2011 as MMM Global |
| Headquarters | Russia |
Is MMM Nigeria still working?
When did MMM end in Nigeria?
It meant any possibility of making decent investment returns seemed like a chance worth taking for many people. And then suddenly, in December 2016, MMM suspended its operations in Nigeria.
Who is Savva Mamontov?
The Tretyakov Gallery, Moscow. Savva Ivanovich Mamontov ( Russian: Са́вва Ива́нович Ма́монтов, IPA: [ˈsavə ɪˈvanəvʲɪtɕ ˈmaməntəf]; 3 October 1841 (15 October N.S.), Yalutorovsk – 6 April 1918, Moscow) was a Russian industrialist, merchant, entrepreneur and patron of the arts .
What is the patronymic name of Mamontov?
In this name that follows Eastern Slavic naming conventions, the patronymic is Ivanovich and the family name is Mamontov. Mikhail Vrubel: Portrait of Savva Mamontov (1897). The Tretyakov Gallery, Moscow.
Who is Konstantin Mamontov?
Konstantin Konstantinovich Mamontov ( Russian: Константин Константинович Мамонтов; 16 October 1869 – 14 February 1920) was a Russian military commander and famous general of the Don Cossacks, who fought in the White Army during the Russian Civil War . Mamontov was born in 1869 in Saint Petersburg.
What happened to Mamontov?
Mamontov was unjustly accused of embezzlement; he was released from custody early in 1900, and at his trial in June 1900, defended by F.N. Plevako, he was acquitted. Acquittal did not avert his financial ruin, for on 7 (20) July 1900 he was declared insolvent by the Moscow District Court, and his property was sold at public auction.