Sergei Mavrodi, an eccentric Russian mathematician who founded the notorious MMM pyramid or Ponzi scheme in the early 1990s that swindled millions out of their savings, has died, his assistant said Monday.
Mavrodi, whose bespectacled face once featured on vouchers issued by the grandiose scheme, died at age 62, his assistant Alexander Vlasov told Moskva news agency.
The fraudster was found unconscious at a public transport stop, Interfax news agency reported, citing a source.
According to Russia media reports, Mavrodi was rushed to the hospital late on March 25 with pain in his chest and died several hours later.
The news of his death took some Nigerians by surprise why many others simply posted hilarious comments on Twitter leading to the trend of #SergeyMavrodi. A few others, however, recounted their ordeal after investing in the Ponzi scheme before it eventually crashed in Nigeria.
Mavrodi’s Ponzi schemes under the MMM in Nigeria generated huge controversies, especially in the year 2016 when the scheme reportedly crashed.
The failed operations of the scheme developed into deeper controversies with some victims attempting suicide.
This situation got the attention of Nigeria’s House of Representatives initiating a process to probe the operations of the Ponzi scheme.
Some of the top reactions from Nigerians below:
Nigerians who died because of MMM waiting for Sergey Mavrodi at the gates of hell like ? pic.twitter.com/AC8ML5UPUz
— O$@$ ? ? ? (@Theofficialosas) March 26, 2018
Sergey Mavrodi, the founder of MMM, a Russian company that ran one of the world’s largest Ponzi scheme, is dead, die from heart attack, same year Nigerians were to travel to Russia. pic.twitter.com/ns4pyeMdeI
— ★Ugℓу Nαke∂ Gυу ?? (@t_riumphant) March 26, 2018
You can’t even do small play with Nigerians and their money
They yaff kii Sergey Mavrodi..
Awon eleyi ?? pic.twitter.com/DWwJPSj90b
— HIT MAKER ™ (@T_boier) March 26, 2018
We should make a film about Sergey Mavrodi and what he did to Nigerians
It should be called The Mavrodi Affair
— Imoh Umoren (@ImohUmoren) March 26, 2018
Sergey Mavrodi, founder of MMM has been scamming people all over the world without repercussions… just small money he scammed in Nigeria last year…. Dude is dead now. pic.twitter.com/n38oVspr6W
— PostMaster (@O_ssai) March 26, 2018
MMM, Sergey Mavrodi founder dies of attack in Moscow…
So Amadioha Can Kill Someone In Moscow?
— Buhari’s sister?? (@DaminaboEric) March 26, 2018
Pained Nigerians: Amadioha can you please help us take a message to sergey mavrodi in Russia?
ONE YEAR LATER
Amadioha comes with a feedback.
Pained Nigerians: pic.twitter.com/vrTCixG8lW
— omobolaji jane (@jaespades) March 26, 2018
Someone just said Biggie and Deloitte should not play with Nigerians money unless they wants to end up like Sergey Mavrodi of MMM
— Uche_Femii (@Uche_Femii) March 26, 2018