The founder of pyramid ponzi scheme MMM died after a heart attack yesterday March 25 in Russia. He was aged 62. His death has sparked outrage among Nigerians. Many of whom lost huge sums of money following the collapse of the scheme that originated in Russia.
Mavrodi was sent to prison after he was found guilty of defrauding Russians of millions of rubles following the collapse of his pyramid scheme. In 2007 he was sentenced to 4 and half years in prison after he served as a member of the Russian Duma.