Popular Ponzi scheme MMM has announced a global and permanent shut down of all its operations following the demise of its founder, Sergey Mavrodi, who died on March 26 at age, 62, of heart attack in Moscow.
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In a statement released by the network, it attributed its inability to continue with the operations to the death of the founder, and citing the absence of individuals that are as skilled as Mavrodi in the organisation.
The statement below:
After much deliberation, we have made the conclusion that continuing the System operation, without our leader and ideological inspirer, is impossible and makes no sense. We all carried out the tasks he assigned to us, since we had no doubt in his genius and rightness of the path he had chosen. We are firmly aware of the fact that none of us has a full view of his conception’s profoundness and sequence of all the actions to achieve a final goal, declared in the “MMM’s Ideology“. Sergey Mavrodi’s broadmindedness scale is unprecedented. Therefore any attempts to continue the System operation without him are bound to fail. We respect him immeasurably and cannot afford to allow that our unskilled actions may cause profanation of his concepts.
In view of the above, with deep sadness, we have to announce the ultimate and irreversible MMM closure.
We also remind (as a matter of form) that all initially were fully aware of the risks and read the WARNING and confirmed that by checking the relevant box when registering.
Hoping for your understanding, Administration.