Sergey Mavrodi, the founder of MMM, a world’s largest Ponzi scheme is dead. According to Moskovsky Komsomolets, Moscow based newspaper, Mavrodi complained of weakness and pain in the heart and was hospitalized “Mavrodi was hospitalized in the 67th city hospital. He could not be saved – he died this morning”. Mavrodi became famous for the organization of the largest financial pyramid “MMM” Nigerians caught up with this Ponzi bug in 2016-2017 but many lost their investments as a result.