Breaking: MMM founder Sergey Mavrodi dies of heart attack in Moscow hospital

Breaking: MMM founder Sergey Mavrodi dies of heart attack in Moscow hospital

Sergey Mavrodi, the founder of MMM, a
Russian company that perpetrated one of the
world's largest Ponzi schemes of all time, is
dead.

According to a report by Moskovsky Komsomolets, the founder of the MMM
series of financial pyramid schemes, Mavrodi, died in Moscow.

NATIONAL FOCUS gathered that Mavrodi was
taken to a city hospital from a bus stop overnight Monday, March 26, after he felt weakness and pain in the chest area.

"The emergency team has failed to save his life. He died this morning," the report said.

The preliminary cause of death is a heart attack.
Sergei Mavrodi was convicted in a Russian court of defrauding 10,000
investors out of 110 million rubles ($4.3million).

Mavrodi claimed he is not the beneficiary of the donations and he is not
used to flamboyant lifestyle.

His true charges of which he was later convicted of is tax fraud though he
claimed that MMM scheme is not a business, but a mutual donation program
of which there is no law against such.

Comments

Post a Comment

Popular posts from this blog

Brutal Murder of Mech. Engireering Student of NASS POLY By Military in Nasarawa State.

Image
By Uji, Wilfred Terlumun  It is no longer news the  brutal and gruesome murder of  Achinya, Terhile Timothy, a Tiv man by extraction from Benue State, who was a Diploma Student of Mechanical Engineering with the Mustapha Agwai II Nassarawa State Polytechnic,  by men of the Nigerian Military based in  Doma of Nasarawa State.  In the frantic bid and conspiracy to destroy the evidence, the body  of the deceased was recieved and concealed by the Federal University of Lafia  meant for the experimental  purposes of students of anatomy of the University. According to eye Withness accounts, Achinya, Terhile Timothy was wrongly accused by a fellow student of the polytechnic of belonging to a rival cult group who reported the deceased to some military patrol men stationed in front of the polytechnic to prevent a break down of law and order by graduating students who were in a glee of jubilation, signing in and signing out their graduation. ...
Read more

Feud to Main Event Mayhem: The Deji Bakare vs. Akpororo Celebrity Global Mega Fight Story

Image
By Our Reporter  In the dynamic world of entertainment, few things spark as much excitement and passion as a celebrity feud, especially one that unfolds in the public eye.  The rivalry between Deji Bakare, former Mr. Nigeria, and renowned comedian Akpororo, began as a verbal clash on social media, quickly escalating into a high-profile saga that captured the attention of fans worldwide. It all began when Deji Bakare tweeted a critique of Akpororo’s comedy shows, calling them "boring" and suggesting it was time for the comedian to retire his mic. Akpororo, never one to shy away from a challenge, fired back with a fiery Instagram video, branding Deji as "irrelevant" and claiming nobody knew who he was.  Not one to let the matter slide, Deji responded with a video of his own, asserting that Akpororo wasn’t on his level and alluding to a secret that could potentially ruin Akpororo’s career. The back-and-forth intensified, and fans eagerly sided w...
Read more

Gov. Alia Celebrates Predecessor at 63

Image
From Aviashima Toom, Abuja Benue State Governor, Rev. Fr. Hyacinth Alia, congratulated his predecessor and the immediate past governor of the State, Chief Samuel Ortom, on the Occasion of his 63rd birthday.  This was contain in a statement signed on Tuesday by Chief Press Secretary, CPS to Benue State Governor, Sir Tersoo Kula in makurdi. Governor Alia says, celebrating 63 years in good health is a privilege, calling on Chief Ortom to savour the moment, and also take deep retrospection as an elder statesman. The Governor prayed to God to grant the former Governor more years ahead.. 
Read more