wholesale south indian bridal jewelry sets The Central Radio Radio Broadcast MMM financial mutual assistance on November 18, saying that this is a new type of illegal fund -raising case combining the combination of online MLM and Ponzi schemes, and is being further collected.
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mmm platform has a long history. As early as 20 years ago, it was characterized as "one of the world's largest Ponzi scams".
In February 1994, the Russian Sergey Mavorjo founded MMM Co., Ltd., with a registered capital of only 100,000 rubles (about 1,000 US dollars at the time). MMM has launched advertisements in almost all well -known media across the country in Russia to attract investors with high investment returns. At that time, millions of people participated in the MMM Financial Pyramid, and they were deceived by tens of billions of dollars.
3 years after surviving, in 1997, the MMM project went bankrupt, and its founder Sergei Miffo Ji was sentenced to 4 and a half years in prison. Unexpectedly, this person was "cheating without changing". After he was released in 2007, he ran to India, China, South Africa, Indonesia and other countries to deceive foreigners in Russia.
It Bitcoin House and other websites have reported similar virtual currency pyramid schemes and can consult relevant information.
It simply speaking, the Ponzi scheme refers to no company entity, attracting investors with high interest publicity, and subsequent investors pay interest to the early investors. For a Ponzi scam, once there is no new fund inflow, or the subsequent investment of newly invested funds is not enough to pay the "income" of his predecessors, the Ponzi scheme immediately detonates.
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