MMM (Ponzi scheme company)

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МММ was a Russian company that, in the 1990s, operated one of the largest Ponzi schemes in the world. By different estimates, between 5 and 10 million people lost their savings. According to contemporary Western press reports, most investors were aware of the fraudulent nature of the scheme, but still hoped to profit from it by withdrawing money before it collapsed. In 2011, the company re-opened as MMM Global.

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