Nigerians on Twitter have taken to Twitter to react to the death of Sergei Mavrodi the MMM Ponzi scheme Founder.
According to a report carried by the Russian media, the Russian businessman was rushed to the hospital on the 25th of March after several complaints of chest pain but is said to have died on the same day. He was 62 years.
MMM was first introduced in 1994 but became fully operational in Nigeria in 2016. It was embraced by Nigerians and seen as a quick money-making venture. Nigerians ignored warnings by the Central Bank of Nigeria (CBN), investors, previous records and religious bodies to Nigerians to desist from investing in the Ponzi scheme.
When the system crashed for unknown reasons in 2016, a total of N18billion was thrown into the sea resulting in the death of many. Despite plans to revive the business in 2017, it yielded little success.
Sergey Mavrodi, the founder of MMM, a Russian company that ran one of the world’s largest Ponzi scheme, is dead, die from heart attack, same year Nigerians were to travel to Russia. pic.twitter.com/ns4pyeMdeI— ★Ugℓу Nαke∂ Gυу 🇳🇬 (@t_riumphant) March 26, 2018
I have finally found closure... No hope of getting my money back as Founder of MMM Sergey Mavrodi dies.#MMM
So you people finally killed the #MMM dude? You even made it to look like accident (heart attack) sef.
Wow, no words...
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