[2016-12-27]MmmGlobal pyramid scheme (uses Bitcoin) : is it a scam or not?

[Vladdirescu87]

Mmmglobal is a pyramid scheme authored by Russian fraudster Sergei Mavrodi. The scheme has numerous localized websites for every country or region where it operates. Recently, BCC authored a warning on mmmnigeria, the Nigeria chapter of mmmglobal citing it’s a scam aimed at stealing funds.

Sergey Mavrodi,  CEO or Founder of mmmglobal, is a Russian fraudster with a long history of crime and fraudulent activities. Mavrodi was previously behind “MMM”, the largest Ponzi scheme in Russia in the 80-90s that affected more than 5 million depositors. He was rebuked by the Russian government which confiscated millions of rubles of the company’s funds packed inside buildings for storage.

You can read the full article here: https://coinidol.com/mmmglobal-pyramid-scheme-a-way-to-earn-or-get-robbed/

[1714906958]

1714906958

[InvoKing]

We still don’t have a conclusion on whether to tag mmmglobal a scam or not, and whether Sergey Mavrody still stands behind it. However, history shows again and again - MMM projects collapse sooner or later, and leave millions of people without money.

They can't conclude whether a ponzi is a scam or not but in the same sentence they mentioned that this shitty projects collapsed many times, that the guy behind it is a scammer, that many people lost their money... What should we call it so?