This is pure law of Karma at work.
So many people in Nigeria participated in the MMM ponzi scheme, even some pastors used Church money for MMM, some took loans from banks, others sold expensive properties. I remember how people were rushing into banks to pay in for them to be confirmed.
I know of a man that does daily contribution, people deposit money to him daily and he gives them at the end of the month, and collects 10% of the monthly deposit. This man used all of his customers money for MMM ponzi scheme and it crashed. Guess what happened to the man; he became mad.
Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media.
Reports said the 62-year-old was rushed to the hospital late on March 25 with pain in his chest and died several hours later.
Mavrodi's MMM financial pyramid was a typical Ponzi scheme in which earlier investors receive their profits from subsequent investors. Mavrodi promised returns of 20 percent to 75 percent a month, as well as lotteries and bonuses for investors.
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As soon as the number of new clients stopped growing, the pyramid collapsed, causing huge financial losses for at least 10 million people, in some cases leaving them destitute.
In 1994, Mavrodi was elected as a lawmaker, a decision he later said was to ensure he received immunity from prosecution. In 1996, he lost his parliamentary mandate.
In 2007, a Moscow court found him guilty of financial fraud and sentenced him to 4 1/2 years in a penal colony.
In 2011, Mavrodi launched another pyramid scheme called MMM-2011, calling on investors to purchase so-called Mavro currency units in a bid to get rid of the "unfair " financial system. Some 15 months later, Mavrodi halted the project.
From 2011-16, Mavrodi launched Ponzi schemes under the MMM brand in India, China, South Africa, Zimbabwe, and Nigeria.
In many of those countries, Mavrodi's operations were subsequently shut down or suspended.
In Nigeria, people will claim they used voodoo magic to kill him because of the pain he caused so many Nigerians.
What do you think is the cause of his heart attack? Is it because he gave millions heart attack that made him die of same heart attack?
Please drop your comments.