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Russia 50 Biletov MMM (1989-94) UNC

Russia 50 Biletov MMM (1989-94) UNC 
50 Biletov 1989-1994 (Obverse: Portrait of Sergei Panteleevich Mavrodi, founder of the financial pyramid (Ponzi scheme), which ruined millions of investors during the early 1990s. Reverse: "MMM" logo. Watermark: Labyrinth pattern) MMM pyramid scheme certificate bond. Partially engraved print. UNC

Original Size: 127 x 60 mm

MMM was the company that perpetrated the largest pyramid scheme in Russia in the 1990s. It involved at least two million people and possibly collected an amount of money equivalent to as much as 1.5 billion U.S. dollars. The company was established in 1989 by Sergey Panteleevich Mavrodi, his brother Vyacheslav Mavrodi, and Marina Muravieva, Vyacheslav's future wife (the name of the company was an abbreviation of the three founders' surnames).

Catalogue Number: none

Grade/condition: Uncirculated (UNC)

Product Code: RU-SM4A
Price: US$1.50 ( 1.35)


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