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Sunday, January 16, 2011

Russia's top pyramid schemer makes comeback

Russia's top pyramid schemer makes comeback - The Vancouver Sun: "The man who created the biggest pyramid scheme in Russia's history announced Monday that he was making a comeback with a new investment vehicle that brings in monthly returns of 20 to 30 percent.
Sergei Mavrodi said in a message on his website that he was creating an international 'financial network' called MMM-2011 - with the three Russian letters standing for 'we can do anything.'
'You all know my situation. I do not have the right to perform any transactions with any valuables - with any sorts of securities,' the man who created the original MMM investment pyramid in 1994 said in the video message.

'But we can still employ a good old principle from judo: using the opponent's strength against him,' he added.
'All the transactions will only be performed between the investors themselves. I will not lay a finger on this money.'"

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