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The Military Merit Medal, post-nominal letters MMM, is a military decoration which was instituted in the Republic of South Africa on 9 October 1974 as the Chief of the Defence Force's Commendation Medal. It could be awarded to all ranks of the South African Defence Force for service of a high order.
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]
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MMM-2011 was able to function openly as Ponzi schemes and financial pyramids are not illegal under Russian law. [14] In May 2012 he froze the operation and announced that there would be no more payouts. [citation needed] In 2011 he launched a similar scheme in India, called MMM India, again stating clearly that the vehicle was a pyramid. [15]
South Africa introduced its own honours system in 1952. Its largest component was a series of military decorations and medals, which not only replaced the existing long service medals, but provided substitutes for the decorations which the British government had awarded in wartime:
3M (MMM) closed the most recent trading day at $114.81, moving -1.47% from the previous trading session.
Edward George McGill Alexander SM MMM ORB SAStC (born 31 March 1947) is a former South African Army officer. Alexander has participated in airborne exercises and conferences with the British Army, and has jumped with and been awarded parachute wings by the Chilean, British and ROC (Taiwan) Armies.