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The founder of the popular pyramid or Ponzi scheme MMM, SERGEI MAVRODI is dead.
MAVRODI was said to have died at age of sixty two according to his assistant ALEXANDER VLASOV.
Reports say the fraudster was found unconscious at a public transport stop.
A mathematician, who became one of the earliest computer programmers, first went into business selling pirated videos and CDs before founding a company called MMM that initially imported office equipment.
He then gave up trading and founded the financial pyramid of the same name that became the largest in Russia.
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