Breaking! Founder Of Ponzi Scheme MMM, Sergey Mavrodi, Dies At 62 Of Heart Attack

MMM founder, Mavrodi is dead!
The founder of viral Ponzi scheme, Sergey Mavrodi has been reported dead.

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Born Sergey Panteleevich Mavrodi in Moscow, Russia, the 62-year-old is said to have died of a heart attack. Mavrodi BlackBox Nigeria gathered that he was initially taken to a hospital after complaining of weakness and chest pain where he died.

Mavrodi’s MMM hit Nigeria in 2015 and became an instant hit among the people but about a year later, almost a billion was reported to have been lost after the Ponzi scheme packed up abruptly.

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While many Nigerians were still hopeful of a possible payment of their investment, the death of Sergey Mavrodi might just have sealed their fate.