icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

The con men

These people may use different tricks and techniques. They may speak different languages, but they all have something in common — making money by exploiting people’s trust.

The first and the biggest Russian financial pyramid appeared in the early 1990s when Sergey Mavrodi, a good economist and well-educated man, founded the MMM joint-stock company. He promised big profits to his so-called partners – millions of common people. Unfortunately, that pyramid scheme had a short life… Find out more about the fate of the ex-money launderer and the work of the Russian Interior Ministry in XL report on RT.

Podcasts