Pyramid schemes seem to be back in fashion, with Russian fraudster Sergey Mavrodi having brought his Mavrodi Mondial Moneybox (or, MMM Global) to Kenya with a serious recruitment offensive. It’s as if Kenyans never learn! We’ve seen this before with Deci, where thousands of people lost billions of shillings. So why are people buying into MMM Global? We dig into it this episode. Press play!

Resources

Don’t Get Caught in a Pyramid Scheme

I lost Sh31m and brother to the pyramid schemes

How the masterminds of pyramid schemes duped thousands into parting with their money

26,000 pyramid scheme victims sue for lost cash

Russian fraudster sets up pyramid scheme in Kenya