00:39Ukraine: Wads of cash flutter down to protest-filled streets
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.
00:39Ukraine: 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.