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 men, 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 a new XL report on RT.