The founder of the notorious 1990's MMM financial pyramid scheme which bankrupted millions of Russians has formed his own political party.
Sergei Mavrodi's MMM party promised a"fair redistribution of funds" and "their rational use," at its inaugural congress in the western city of Kursk on Sunday.
Mavrodi founded the MMM investment fund, a Ponzi scheme which destroyed the savings of millions of investors when it collapsed in 1994.
He spent four and a half years in prison for MMM's fraudulent activity, but maintains his companies did nothing illegal.
Since his release in 2007, he has launched several similar schemes both in Russia and abroad.
Earlier this year, MMM-related companies in Ukraine and Lithuania came under investigation by the authorities. The Lithuanian authorities closed down an MMM scheme, while the Ukrainian authorities could not find any evidence the new MMM had broken Ukrainian law.
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.
Users can initiate the recovery of their account / unlock access by contacting the moderators at firstname.lastname@example.org
The letter must contain:
If the moderators deem it possible to restore the account / unlock access, it will be done.
In the case of repeated violations of the rules above resulting in a second block of a user’s account, access cannot be restored.
To contact the team of moderators, write to email@example.com