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Sergey Mavrodi
Photo: Delovoe.TV, CC BY 3.0, via Wikimedia Commons17

Sergey Mavrodi

Russian financial fraudster (1955–2018)

Sergei Panteleevich Mavrodi (Russian: Серге́й Пантеле́евич Мавро́ди; 11 August 1955 – 26 March 2018) was a Russian financial fraudster, financial criminal and previously a deputy of the State Duma. He was the founder of the МММ, a scheme that defrauded millions of people around the globe.2

From Wikipedia’s article on Sergey Mavrodi (this version), CC BY-SA 4.0.

Born Aug 11, 1955, died Mar 26, 2018.1

About

In 2007, Mavrodi was convicted in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million). Mavrodi claimed he was not the beneficiary of the donations and that he was not used to a flamboyant lifestyle. The charge of which he was later convicted was tax fraud though he claimed that the MMM scheme was not a business, but instead a mutual donation program against which there is no law.

There were interviews after his release where he claimed MMM Global was behind the bitcoin price rally.

From Wikipedia’s article on Sergey Mavrodi, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedMoscow State Institute of Electronics and Mathematics3

Mavrodi was born a Russian with Greek and Ukrainian descent in Moscow. During his childhood, he was diagnosed with a bilateral heart defect. Mavrodi recalled that in school, he was proficient in mathematics and physics. He studied at the Moscow State Institute of Electronics and Mathematics. In 1983, Soviet police detained him for ten days due to illegal economic activity.

From Wikipedia’s article on Sergey Mavrodi (this version), CC BY-SA 4.0.

Career

Occupation: memoirist, singer-songwriter, prose writer, member of the State Duma, entrepreneur, politician, writer, con artist.8

  • 1994 to 1995Member of the State Duma7
  • Date not recordedFounded MMM Global4
  • Date not recordedFounded Stock Generation5
  • Date not recordedFounded MMM6

Personal life

  • BornAug 11, 1955, Moscow9
  • DiedMar 26, 2018, Moscow10
  • CitizenshipSoviet Union, Russia11

Sources

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    WikidataMMM, Founder
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