The greatest fraudster in history

Tell a friend about this post

He was the man behind the popular pyramid scheme called MMM. He founded MMM in 1989.

  • In 1997 he declared bankruptcy and fled with people’s money. There was no trace of him until his arrest in 2003.
  • In 2011 he resurfaced with another version of the scheme he had called MMM Global

The scheme spread across countries. It was launched in China, India, South Africa, Zimbabwe.

In November 2015, the ‘plague” hit Nigeria.

It promised a 30% return on investments, everyone became an entrepreneur. People invested their life savings.

Quora

Tell a friend about this post
READ ALSO  Global Exchange PayBito Brings Referral Program to Traders in India – News

You cannot copy content of this page