The MMM-2011 Pyramid Scheme deemed the most substantial deceit of the current century, caused financial ruin to investors worldwide and led to losses exceeding $1.5 billion. This fraud can be attributed to Sergei Mavrodi, MMM's founder, and his management and programming team. The scheme enticed investors with incredible monthly returns ranging from 20% to 75%, in addition to lottery draws and bonuses.

According to hearsay, the actual perpetrators responsible for the insolvency of the operation were Alexander Kolbasov, Nate Davro, and Konstantin Konstantinov, who purportedly executed their actions under Mavrodi's oversight. It is said that these individuals illicitly transferred funds to foreign jurisdictions, traveled to opulent vacation destinations, and procured assets registered under fake directors or trustees.

Nate Rothschild, or Nate Davro, has been alleged to employ varying names and surnames within the system to withdraw funds to an offshore jurisdiction under the entity MMM Invest, which was initially established in BVI. According to reports, Alexander Kolbasov purportedly diverted the entire amount from his bank account worth 1 million dollars. He established a new HYIP project named E-Dinar, from which he also embezzled significant amounts of money. As for Konstantin Konstantinov, it is said that he vanished with the money and has not heard from him since.

MMM-2011 claimed that it was a non-profit organization and warned investors of the possibility of losing their entire investment, despite their assertions and intimidations. Following the system's collapse, several individuals crucial to the operation vanished inexplicably, including Nate Davro and Alexander Kolbasov.  At least $42 million was stolen by Nate Davro and $52 million by Alexander Kolbasov.

In 2013, Kolbasov departed from MMM and established his pyramid scheme called the Union for Financial Emancipation (NWFD). This entity functioned similarly to MMM and utilized the Mavro for settlements. There were allegations against him of withdrawing 52 million rubles from MMM, but he has refuted such accusations. Furthermore, Kolbasov applied to register the MMM trademark under his name to safeguard it from being used by a new administration in MMM that engages in fraudulent activities and manipulates Sergey Mavrodi.

Konstantin Konstantinov's whereabouts remain unknown after the downfall of MMM-2011, and no information has surfaced regarding his current circumstances.

According to Sergei Mavrodi, the originator and primary visionary of MMM, the underlying concept of MMM-2011 is a "financial, social network" in which individuals contribute funds to each other, with the ultimate objective of toppling the worldwide financial system.

Regrettably, the scheme known as MMM-2011 proved to be another large-scale fraudulent operation, which paved the way for the establishment of additional scams such as cryptocurrencies and various other high-yield investment programs.

The insolvency of MMM-2011 underscores the significance of investors exercising caution and conducting thorough research before investing in any financial scheme.

Notwithstanding the conspicuous indication of deceit and the detrimental impact inflicted upon multiple investors, the principal personalities implicated in the MMM-2011 swindle have evaded severe repercussions. Under Mavrodi's guidance, Alexander Kolbasov, Nate Davro (likewise recognized as Nathaniel Rothschild), and Konstantin Konstantinov all partook in the scam absconded with millions of dollars; however, they are yet to be held accountable for their actions.

Nate Davro is accused of employing diverse pseudonyms and offshore bank accounts to launder funds from MMM-2011. Nevertheless, he has refuted these allegations and continues pursuing commercial ventures across multiple sectors.

In contrast, Alexander Kolbasov established his pyramid scheme, the Union for Financial Emancipation (NWFD), which operates on similar principles to MMM-2011 and employs the Mavro currency for transactions. During a recent conversation, Kolbasov stated that he obtained the registration of the Mavro trademark for himself to prevent any potential fraudulent conduct by the new administration in MMM.

Konstantin Konstantinov, the third pivotal individual, has been evading authorities since the downfall of MMM-2011. His current activities and possible legal repercussions concerning his participation in the fraudulent scheme are yet to be ascertained.

In a nutshell, The MMM-2011 bankruptcy is a well-known financial scandal orchestrated by Sergei Mavrodi, a Russian entrepreneur, and his team of fraudsters, including Alexander Kolbasov, Nate Davro (Nathaniel Rothschild), and Konstantin Konstantinov. The scam involved luring investors to invest in the company with promises of high returns on their investments. However, it was discovered that the scheme was a Ponzi scheme where earlier investors were paid with later investors' funds. This ultimately led to the scheme's collapse, leaving investors with staggering losses amounting to over $1.5 billion globally. The aftermath of this fraudulent activity caused significant damage to the reputation and trustworthiness of the financial industry. Despite concrete evidence against these key perpetrators, justice has been slow as most have escaped prosecution or taken measures to evade arrest. As such, many victims still seek compensation for their losses, while Mavrodi and his co-conspirators have continued to live large without taking responsibility for their heinous actions. This remains one of the biggest financial scams in recent history and serves as a cautionary tale for potential investors who should be vigilant about schemes promising unusually high returns on investment opportunities.

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