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MMM Announces Permanent Shut Down Of Activities



MMM in irreversible closure
MMM in irreversible closure

Ponzi Sheme, MMM shuts down

The once popular ponzi scheme, Mavrodi Mondial Movement (MMM), has announced the permanent closure of its activities and operations.

The information obtained from the official website of the scheme by Naija News, attributed the closure to the death of its leader, Sergei Mavrodi.

The statement describes the closure as ultimate and irreversible.

“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.


Recall that following the death of its Russian owner, Sergei Mavrodi, the scheme had announced the scheme would be put on a pause mode.

“Dear participants, a tragic event took place: on March 26, our leader and ideological mastermind – Sergey Mavrodi – left his life.”

“In the street, he felt unwell and complained of weakness and heartache. A passer-by called an ambulance, Sergey Mavrodi was hospitalized, alas, he couldn’t be saved. Sergey Mavrodi died at the age of 62.”

“In this regard, the МММ System shifts to a “pause” mode. It is impossible to provide and get help; Mavros don’t grow. In the near future, Administration will take a decision concerning MMM’s future and report on it officially. Hoping for your understanding.”

The earlier statement from the scheme reads.

Several millions of naira is reportedly trapped in the scheme.