Latvia ready to welcome Ponzi scheme operator

  • 2012-03-14
  • From wire reports
RIGA - Latvia’s Register of Enterprises has received a registration application from the company MMM 2011 Klubs, whose goal, it was stated on the TV3 broadcast ‘Neka personiga’ (Nothing Personal) on March 11, is the popularization of Ponzi schemes in Latvia, reports LETA. The authorities, surprisingly, say they are no legitimate reasons to turn the application down.The application has been submitted by Russian resident Sergei Mavrodi’s followers. Mavrodi rose to infamy in the 1990s, when his company, MMM, perpetrated a Ponzi scheme where 25 million Russian re...
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