Sergey Mavrodi died

Soviet and Russian swindler, founder of the MMM joint-stock company, which is considered the classic and largest financial pyramid in the history of Russia in terms of the number of victims and damage. In 2003, he was convicted in Russia for fraud on a large scale. In court, 10,454 people were recognized as victims.

In 1989, he founded the MMM cooperative, on the basis of which he created several dozen commercial structures, including JSC MMM, which became the largest financial pyramid in the history of Russia, from which, according to various estimates, from 10 to 15 million people suffered.

On February 1, 1994, the shares went on sale. In just six months, results unprecedented in other structures were achieved: 15 million depositors, the accumulation of a third of the country’s budget, a 127-fold increase in share prices, etc.

On August 4, Mavrodi was arrested on charges of tax evasion from the income of the Invest-Consulting company he heads. He did not repent of anything and regretted only that he had not brought everything to the end.

While in prison, Mavrodi organized the collection of signatures for registration as a candidate for deputies of the State Duma of the Russian Federation, and two months later he was registered by the Central Election Commission. October 30, 1994 Mavrodi was elected to the Russian Parliament and released from custody.

On September 2, 1997, MMM was declared bankrupt.

In 2011, Sergey Mavrodi organized a new financial pyramid MMM-2011 for residents of Russia and the CIS countries, a year later reorganized into MMM-2012. The pyramid eventually collapsed.

In 2014, he founded the MMM-Global project, aimed at African countries. At the same time, the construction of the pyramid began in Asia – Indonesia, Malaysia, Bangladesh, the Philippines, Japan, Thailand, including billion-dollar India and China. Then MMM appeared in the USA, Israel, Italy and France. In 107 countries of the world “Mavrodi charmed depositors”.

Sergei Mavrodi – biography

Sergey Panteleevich Mavrodi was born on August 11, 1955 in Moscow in the family of an installer Panteley Andreevich Mavrodi and an economist Valentina Fedorovna. As a child, Mavrodi was diagnosed with congenital bilateral heart disease.

According to Mavrodi himself, in childhood he had a phenomenal memory. He graduated from ten classes of secondary school No. 35 in Moscow, as well as the Children’s Art School No. 1 named after. V. A. Serov on Prechistenka. According to Mavrodi, during his studies he showed abilities in mathematics and physics, won school competitions. After leaving school, Sergei Mavrodi entered the Moscow Institute of Physics and Technology in 1972, but did not pass the entrance exams and entered the Moscow State Institute of Electronics and Mathematics at the Faculty of Applied Mathematics (Department of Artificial Intelligence). He was fond of playing chess and poker. At the institute, Sergei Mavrodi first began to produce and sell copies of audio and video materials. After graduating from MIEM, Sergei Panteleevich worked for two years at a closed research institute.

In 1983, for the first time, he was detained for a period of 10 days by the OBKhSS officers “for private business activities” (sale of illegal video recordings). During the period of arrest, when a decision was made to initiate a criminal case against him, the decision of the Central Committee of the CPSU “On excesses” was issued, and Mavrodi was released.

Death of Sergei Mavrodi

On March 26, 2018, around 1:00 a.m., Mavrodi was hospitalized from a bus stop on Polikarpov Street. A passer-by called him an ambulance – Mavrodi complained of weakness and pain in his heart. Mavrodi was hospitalized in the 67th city hospital. It was not possible to save him – on March 26 in the morning he died.