Author of Russia’s MMM pyramid scheme who swindled millions dies

Sergei Mavrodi, an eccentric Russian mathematician who founded the notorious MMM pyramid or Ponzi scheme in the early 1990s that swindled millions out of their savings, has died, his assistant said Monday. Mavrodi, whose bespectacled face once featured on vouchers issued by the grandiose scheme, died at age 62, his assistant Alexander Vlasov told Moskva news…



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