We can do a lot!! The decision to relaunch the virtual currency, which first saw the light at the end of with nearly 33, followers, satoshi mavrodi reportedly fueled by the unprecedented surge of cryptocurrencies this year. Satoshi mavrodi new mavro was trading at 14 cents per token at GMT on Friday, marking nearly a 75 percent decline since Marchwhen CoinMarketCap started tracking it.
Up to 15 million people thirsting for easy cash reportedly fell victim to the scheme losing all their savings. Investing in MMM shares promised returns of up to percent per month.
At least 50 investors in the scheme reportedly committed suicide after the pyramid collapsed.
Mavrodi was arrested in after a lengthy police investigation was eventually sentenced to four-and-a-half-years in jail. He was released from prison in May In Januarythe fraudster tried to relaunch the pyramid but failed. He is currently on the law enforcement wanted list. The scheme promised monthly returns of percent.
They promise investors a return of 30 percent per month. Bitcoin, the digital currency which has been on a rollercoaster ride of explosive growth followed by spectacular collapse over the past few weeks, has rocked the financial world, making and shattering fortunes in an instant and leaving analysts concerned that the Bitcoin craze is all just one big speculative bubble.
Established in as an office equipment importer, MMM switched to full-time Ponzi scheming in AO MMM.
Inhe was sentenced to four and a half years in a penal colony. Released inhe started up several new classic pyramid schemes, in Russia, India, and China, and has attempted to expand into Europe and the Western Hemisphere.