Infamous Ponzi scheme MMM shuts down permanently

The management of the global Ponzi scheme, Mavrodi Mundial Moneybox, MMM, has announced a final shut down of operations.

The Ponzi scheme in a statement on its official global website, weekend, said they were shutting down due to the death of the founder, Sergey Mavrodi, an ex-convict who died of heart attack on March 26. Mavrodi had suffered a heart attack a day before and rushed to the hospital but he didn’t pull through.

Read the statement released by MMM below:

“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.

“Administration.”