creation and development of the "MMM»

company "MMM" was organized in 1989 by three founders: Mavrodi brothers (Sergey and Vyacheslav) and Olga Melnikova.The first letters of their names, and served as the title.Virtually no role in the company nor Vyacheslav Mavrodi nor Olga Melnikova played.All supervised Sergei Mavrodi.Other founders were required him only to meet formal requirements for organized company.
the beginning, like a great many similar organizations, "MMM" engaged in trade and procurement activities.But after the collapse of the Soviet Union Sergei Mavrodi decided to tackle the issue of securities
(shares).In February 1994 began to sell shares "MMM" nominal value of 1 ths. Rubles.By law, the maximum amount of such shares should not exceed 1 million.But the rapid implementation of the first package of emission (aided by skillful advertising) led Mavrodi take the issue of new shares in the much more.Ban Russian Ministry of Finance has been bypassed by issuing so-called tickets "MMM", which are not formally securities.These tickets were purchased by many citizens willing to believe in the possibility of quick and easy enrichment.
As collapsed "MMM»

Despite the fact that all the activities of "MMM" had the characteristics of a Ponzi scheme, and despite the warnings of many competent people - economists, lawyers, mathematicians, convincingly prove the inevitabilitythe imminent collapse of the company, the number of investors wishing to buy tickets, and it shares grew by the day.Ticket prices and shares was established by Mavrodi twice a week.
In just 6 months, from February to the end of July, shares and tickets "MMM" rose nearly 130 times.Of course, it was pure fraud, but many ignorant in economics and finance people do not even thought about a simple question: what is happening at the expense of such a fantastic appreciation?They wanted to believe that their luck will smile the same as a simple guy Lena GOLUBKOV - hero infomercial about the actions of "MMM".
In the end, this does not ensure the financial bubble burst.August 4 Sergey Mavrodi was arrested (later he was sentenced to 4.5 years of imprisonment).And many millions of depositors povershivshie annoying ads and flattered at the opportunity to get rich quick, they lost their money.