MMM ( Is it Legit or a Scam?

Have you heard about MMM? the question keep thronging in... With me promising to run an extensive research on it...  and now I finally did...
MMM whose founder is Sergei Mavrodi
Question 1. Who is Sergei Mavrodi?
According to Wikipedia... Sergei Mavrodi is: is a Russian criminal and a former deputy of the State Duma. He is the founder of the МММ series of pyramid schemes. In 2007 Sergei Mavrodi was found guilty in a Russian court of defrauding 10,000 investors out of 110 million rubles ($4.3 million).

MMM activities
In 1989 he founded MMM.

He was then elected to the State Duma, thereby obtaining parliamentary immunity. Mavrodi declared MMM bankrupt on December 22, 1997, then disappeared, and was on the run until his arrest in 2003.

In 1998 Mavrodi created Stock Generation, allegedly a classic pyramid scheme presented as a "virtual stock market game".  The website ran from 1998 to early 2000. The Massachusetts district court initially found that U.S. Securities and Exchange Commission was unable to cite Stock Generation's founders and owners for securities violations. However, the United States Court of Appeals reversed this decision in 2001, concluding that the SEC alleged sufficient facts to state a triable claim. In 2003 the SEC obtained permanent injunctions against SG Ltd. and relief defendants SG Perfect and SG Trading, which profited from the disbursement of funds fraudulently gained by SG Ltd.

On April 28, 2007, a Moscow court sentenced him to four and a half years in a penal colony. The court also fined him 10,000 rubles ($390).

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!" Mavrodi said that his goal with MMM-2011 is to destroy the current financial system, which he considers unfair, which would allow something new to take its place. MMM-2011 was able to function openly as Ponzi schemes and financial pyramids are not illegal under Russian law. In May 2012 he froze the operation and announced that there would be no more payouts.

In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle is a pyramid. He has also launched MMM in China. He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America. As of September 2015 it had spread rapidly in South Africa with a claimed 1% per day or 30% per month interest rate scheme and warnings from both the South African and Russian Communist Parties for people not to participate in it.
On the home page of the website is this image
This is a community of ordinary people, selflessly helping each other, a kind of the Global Fund of mutual aid. This is the first sprout of something new in modern soulless and ruthless world of greed and hard cash. The goal here is not the money. The goal is to destroy the world's unjust financial system. Financial Apocalypse! Before you join, be sure to be acquainted with our IDEOLOGY!

And these: “We are in more than 118 countries! More than 200 participants around the world..”
Clicking on the page:: MMM ABROAD... I saw only 12 countries listed and they are:
India, Indonesia, Malaysia, Hong kong, Bangledesh, Philippines, Thailand, Japan, Republic of South Africa, Turkey, Peru Eastern Africa.
Question 2: where are the remaining 105 if we are to include Nigeria... ?
At the footer of the pages, I can see "© MMM Federal Republic of Nigeria"
Question 3: Are they in anyway collaborating with the Federal Government of Nigeria?
... On checking  I got the details of the screenshots..

Title: MMM Federal Republic of Nigeria - Official Website

Domain Age: 291 Days
Website Speed: Very Fast
Website Value: $91960.60

Organisation: Whois Privacy Corp.
Owner: Domain Admin
Owner Address: Ocean Centre, Montagu Foreshore, East Bay Street
Owner City: Nassau
Owner Postcode: 0000
Owner Country : Hidden 
Alert ResultThe owner of the website is using a service to hide their identity
Phone Number: +1.5163872248 United States
Phone Type: geographic :New York

For the Postal Code: 0000
Kindly google the country that uses such code..
Please evaluate that yourself... How on earth can you track them if things eventually go wrong?

This was published in August 2015 “Notorious Russian scammer Mavrodi successfully launches Ponzi scheme in South Africa”.
Mere looking at the videos on the website, its obvious most of the shots were from S.A.

While in prison in 2011

Book by Sergey Mavrodi: 

Lucifer’s Son

Excerpt:: Does the Devil exist? Is there really a fallen angel named Lucifer? Are the temptations that beset mankind the products of an evil Satan? Are the fires of Hell a reality? And your answers to these questions are:_____? Lucifer’s Son is a series of temptation, of good vs evil and explores real terror as Russia’s Master of Horror Sergey Mavrodi introduces us to his world… the world of angels and devils, of Lucifer and Lucifer’s son, the world of temptation and seduction, a world as raw and rough as a Russian winter in his latest masterpiece of deviltry and suspense. In a world of horror and fear that is almost too realistic to be fiction, Mavrodi’s characters burst forth from the pages, come alive and open up their innermost beings… revelations that will shock and astound the reader, who–while filled with fear and anxiety–will be unable to put LUCIFER’S SON down until the last terrifying climax.
Read more on..

To be continued...


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