Russia’s infamous “dark soul” is alive, if not well. In an article in a recent issue of Novaya Gazeta, Sergei Mavrodi, the architect of the MMM pyramid scheme that swindled millions of Russians out of their life savings, says that nothing would have persuaded him to invest in Russian government treasury bills (GKOs), which he calls “a low-tech version” of his own scam.
Before the Russian government added dyet difalt to a lexicon of Russified English words including bizness and offshorny, Mavrodi’s MMM saw off all pretenders in the great pyramid stakes.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
