Sergei Mavrodi left a debt of 1.6 billion rubles after his death

RIA Novosti was able to calculate, based on data from the bailiffs’ database and other documents, that the debt of the founder of Russia’s largest financial pyramid scheme amounts to more than 1.6 billion rubles.

In relation to Mavrodi, the Khamovnichesky Court of Moscow issued more than 200 writs of execution between 2007 and 2017. The total amount is 1.607 billion rubles.

More than 252 million rubles are due to property recoveries from individuals and legal entities.

It was previously reported that after the death of Sergei Mavrodi in 2018, there were 2,194 records in the database of enforcement proceedings. A significant part of them were marked as returned to the claimant due to the lack of the debtor’s assets.

Sources said that the proceedings against Mavrodi could be suspended altogether. However, today the bailiffs’ website still offers the opportunity to request a receipt for payment of the debt via an active link.

Sergei Mavrodi launched MMM in 1989, which in the following years became the largest financial pyramid in the country’s history.

In 2003, Mavrodi was arrested and later sentenced to 4.5 years in prison in a large-scale fraud case. A few years later, in 2007, Mavrodi was released and in 2011 he decided to launch a new pyramid scheme, MMM 2011, but the project was unsuccessful: it collapsed within a few months. In 2012, another case was opened against him.