tqc2002 Posted May 26, 2009 Report Share Posted May 26, 2009 Hi all, Lately I have come accross some banknotes with "MMM" on the reverse and I have been told that these are notes from Russia(!) called Mavrodi MMM Banknotes . Can someone shade more light on this notes please I'm sure that I have not seen them in any catalogue - since that I'm sure that maybe they are not from Russia (But I can't say that I'm 100% sure of that). If they are from Russia (Not on Cataloges) - Should I collect them as well? adding them to my Russian Collection? I would be glad to know how many nominal values are out there for collectors? I have seen 1 and 10 I'm sure that there are more (so I have been told) Are they expensive ( they does not seems to look old 1994?) Why they are not in catalogue (all cataloges does not say a thing about them) - that leads me to believe that they are not from Russia (or something else is going arround them that does not smell right !!) Please can some one help me understand the notes of Mavrodi MMM? what does MMM means Thanks, TQ Link to comment Share on other sites More sharing options...
Scottishmoney Posted May 26, 2009 Report Share Posted May 26, 2009 Mavrodi MMM was a company set up by Mavrodi, and was basically a Ponzi scheme type of thing with new investors monies paying earlier investors dividends. In reality most of the funds went to Mavrodi himself. The bons he created are worth about the usage of toilet paper in Russia, and nominally more as a curiousity outside of Russia. Why any fool would invest in garbage with an fugly dude on it is beyond me. If I were going to set up a Ponzi scheme, I would put bodacious females on it, and give the money some worth as a piece of art if not value as money. Link to comment Share on other sites More sharing options...
boydle Posted May 27, 2009 Report Share Posted May 27, 2009 I have to say I find these types of items very amusing, I think ill have to dig myself some up to go with my notgeld printed by towns that never existed. Link to comment Share on other sites More sharing options...
anil2 Posted June 2, 2009 Report Share Posted June 2, 2009 Hi, There is a great article written by Peter Symes on this subject that is available at following URL: http://www.pjsymes.com.au/articles/MMM.htm Hope this helps. Anil Link to comment Share on other sites More sharing options...
De Orc Posted June 2, 2009 Report Share Posted June 2, 2009 A bit more on Wiki http://en.wikipedia.org/wiki/Sergey_Mavrodi Link to comment Share on other sites More sharing options...
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