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MMM Global (also known as МММ-2011 / МММ-2012) is a Ponzi scheme launched in 2011 by Sergei Mavrodi, with subsidiaries in up to 110 countries. [citation needed] MMM Global is a new avatar of the Russian company MMM, also created by Mavrodi and which operated from 1989 to 2004.
In December 1992, MMM-Invest was created as a voucher investment fund, a type of entity created to collect privatization vouchers. [8] It was renamed Russ-Invest in May 1995, to distance it from the MMM scheme. [8] The MMM Ponzi scheme was launched in February 1994, [9] promising annual returns of up to 3000 %. [10]
It was based around trading non-existent companies' stocks in a form of the "stock exchange game" on the company's site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost ...
This is a list of notable futures exchanges. Those stock exchanges that also offer trading in futures contracts besides trading in securities are listed both here and the list of stock exchanges .
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MIH's equities exchange, MIAX Pearl Equities, reached a market share of 0.99% at the end of the same year. [ 12 ] On April 25, 2023, MIH entered into an agreement to acquire LedgerX, a subsidiary of FTX and a CFTC-regulated exchange and clearinghouse for Bitcoin and Ethereum options and futures, in connection with the bankruptcy proceedings of FTX.
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