Is the negative news of mmm platform true?

The scam of MMM platform has a long history. As early as 20 years ago, it was characterized as "one of the biggest Ponzi schemes in the world".

1February, 1994, Russian sergei mavrodi founded MMM joint-stock company with a registered capital of only 654.38 million rubles (about 1000 USD at that time). MMM has placed advertisements in almost all well-known Russian media to attract investors with high return on investment. At that time, in Russia, millions of people participated in the MMM financial pyramid and were cheated of tens of billions of dollars.

After surviving for three years, MMM Project 1997 went bankrupt, and its founder Sergei Mavrodi was sentenced to four and a half years' imprisonment. I didn't expect this person to "cheat". After he was released from prison in 2007, he successively went to India, China, South Africa, Indonesia and other countries to cheat foreigners by cheating in Russia, but he still succeeded repeatedly.

Similar virtual currency pyramid schemes have been reported on websites such as Bitcoin House, and you can consult relevant information.

To put it simply, Ponzi scheme means that there is no corporate entity, and the external publicity attracts investors with high interest, and the late investors pay interest to the early investors. For a Ponzi scheme, once there is no new capital inflow, or the newly invested capital is not enough to pay the "income" of the predecessors, the Ponzi scheme will break out immediately.