Mavordi ‘MMM Global’ Scam Declared Illegal By Chinese Government

[Adeuqsom]

Finally they already noticed this MMM ponzi scam
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Investors have been warned by the Chinese Government about MMM Global and MMM China. The Chinese government believe that those schemes — and sites like them — are illegal. This news comes to us from Chinese media site Caixin [via Coinfox].

MMM Global is run by convicted Russian fraudster Sergey Mavrodi who served over four years in Russian prison for a pyramid scheme he ran in the 1990s. Mavrodi recently claimed that his more recent scheme was responsible for the price increase back in December 2015 and early January 2016. He provided no evidence to back up that claim (and neither did the writers who gave him more press by parroting his claims). It seems unlikely that is true, with bitcoin’s marketcap currently sitting at over $6 billion, it would take a lot of investment to move the price as significantly as it did.

more here : http://coinjournal.net/mavordi-mmm-scam ... -of-china/

[herie88]

Finally they already noticed this MMM ponzi scam
-------------------------------------------------------------------------------------

Investors have been warned by the Chinese Government about MMM Global and MMM China. The Chinese government believe that those schemes — and sites like them — are illegal. This news comes to us from Chinese media site Caixin [via Coinfox].

MMM Global is run by convicted Russian fraudster Sergey Mavrodi who served over four years in Russian prison for a pyramid scheme he ran in the 1990s. Mavrodi recently claimed that his more recent scheme was responsible for the price increase back in December 2015 and early January 2016. He provided no evidence to back up that claim (and neither did the writers who gave him more press by parroting his claims). It seems unlikely that is true, with bitcoin’s marketcap currently sitting at over $6 billion, it would take a lot of investment to move the price as significantly as it did.

more here : http://coinjournal.net/mavordi-mmm-scam ... -of-china/

I had expected it would not be long the business will die, many users are fooled in my country, hopefully no longer a victim of fraud like this anymore

[milewilda]

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