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Ukraine: Wads of cash flutter down to protest-filled streets00:39

Ukraine: Wads of cash flutter down to protest-filled streets

Ukraine, Kiev
December 15, 2013 at 22:14 GMT +00:00 · Published

Ukraine: Wads of cash flutter down to protest-filled streets

Protesters in the streets of the Ukrainian capital Kiev got an unexpected bonus when a couple staying in the Kreschatyk Hotel began throwing bundles of notes off their balcony into the avenue below on Sunday evening. The notes, a mixed bag of one and two Hryvnia notes worth between €0.08 and €0.17 ($0.12-0.24) each, scattered among the crowd, who were quick to gather up the windfall.

Stamped on each note is the mark of the MMM pyramid scheme, a financial engineering system created by convicted fraudster and former Russian parliamentary deputy Sergei Mavrodi. After release from prison, Mavrodi launched a new pyramid scheme called MMM-2011, based on bonds called Mavro currency units. As of May 2012, the scheme is frozen with no further payouts being made to investors.

Ukraine: Wads of cash flutter down to protest-filled streets00:39
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Ukraine: Wads of cash flutter down to protest-filled streets

Protesters in the streets of the Ukrainian capital Kiev got an unexpected bonus when a couple staying in the Kreschatyk Hotel began throwing bundles of notes off their balcony into the avenue below on Sunday evening. The notes, a mixed bag of one and two Hryvnia notes worth between €0.08 and €0.17 ($0.12-0.24) each, scattered among the crowd, who were quick to gather up the windfall.

Stamped on each note is the mark of the MMM pyramid scheme, a financial engineering system created by convicted fraudster and former Russian parliamentary deputy Sergei Mavrodi. After release from prison, Mavrodi launched a new pyramid scheme called MMM-2011, based on bonds called Mavro currency units. As of May 2012, the scheme is frozen with no further payouts being made to investors.