MMM India (Mavrodi Mondial Moneybox) is becoming quite famous for many reasons. Some think, MMM India is going to be the next biggest fraud in India in 2012 and the people, who are working closely with MMM India are very happy with the current progress.
Sergei Mavrodi Background:
I checked few websites on Google to know more about the background of Sergei Mavrodi. He is the man behind MMM India concept and many other such concepts in the past too.
Originally, MMM was a Russian company in 1990s and got shut down by the Russian government for various reasons. At that point of time, people in Russia lost almost up to $10 billion in MMM business concept.
In 1994, when MMM was in peak in Russia, it reported dividends of 1,000% in a year. After this, lot of people took interest in MMM and started investing. Sergei Mavrodi’s MMM grew very fast through word of mouth advertising. (more…)