The scam of MMM platform has a long history. As early as 20 years ago, it was characterized as "one of the biggest Ponzi schemes in the world".

1February, 1994, Russian sergei mavrodi founded MMM joint-stock company with a registered capital of only 654.38 million rubles (about 1000 USD at that time).

MMM has placed advertisements in almost all well-known Russian media to attract investors with high return on investment. At that time, in Russia, millions of people participated in the MMM financial pyramid and were cheated of tens of billions of dollars.

After surviving for three years, MMM Project 1997 went bankrupt, and its founder Sergei Mavrodi was sentenced to four and a half years' imprisonment. I didn't expect this person to "cheat". After he was released from prison in 2007, he successively went to India, China, South Africa, Indonesia and other countries to cheat foreigners by cheating in Russia, but he still succeeded repeatedly.

To put it simply, Ponzi scheme means that there is no corporate entity, and the external publicity attracts investors with high interest, and the late investors pay interest to the early investors. For a Ponzi scheme, once there is no new capital inflow, or the newly invested capital is not enough to pay the "income" of the predecessors, the Ponzi scheme will break out immediately.

Extended data:

Related reports: Ponzi schemes frequently change vests.

"If you miss' 3M', don't miss Motif!" The reporter learned in the group that many investors are from the "3M" platform. Feng Qingyang, a member of the group, said that some people made money by investing in "3M" and wanted to get another vote. Someone entered "3M" late, unable to pay, and tried to return the book through the new platform.

Ms. Chen, an insider, said that although it was "3M" last year, this year is Motif. In fact, this kind of financial game exists every year, only with a new name. "There are always people who have rolled up their savings, but they don't remember to eat."

It is difficult for 3 million victims to form a group and want to defend their rights.

At present, "3M" has been frozen for more than ten days, and some investors have formed a QQ group to defend their rights. According to the rough statistics of the group, the loss of investors reached 10 million yuan. Some investors said that they reported the case, but the public security organs did not accept it.

It is reported that there is no crime of "pyramid selling" in the criminal law, only the crime of "organizing and leading pyramid selling activities". To report pyramid schemes, we must find the leader of pyramid schemes. "3M" has not run away, and it also claims that the platform funds are only frozen and maintained, and there are no substantive victims, so the public security organs cannot intervene in the investigation. Zhuo Wenbin, a lawyer of Minjun Law Firm, said that if "3M" is designated as pyramid selling, the police will file a case, and all the money involved will be recognized as illicit money and confiscated.

In addition, "3M" is an individual payment. If the payment record is used to sue the payee, A goes after B and B and C, but AB and BC have no direct contact, so it is difficult to obtain evidence. An investment may be broken down into multiple orders, and it will cost a lot of money to obtain evidence and sue different people.

Baidu encyclopedia -MMM scam

People's Daily Online -3M Crash Monthly Income 30%? Ponzi scheme wears a new vest