1989 MMM RARE BILL ISSUED BY NOTORIOUS FRAUDSTER SERGEI MAVRODI! BECAME WORTHLESS WHEN HIS PONZI SCHEME COLLAPSED 1000 Rubles Seller Perfect

Sergei Mavrodi was the Carlo Ponzi of Russia. Using his position as secretary of the State Duma (parliament) as a cloak of legitimacy, he set up his own bank (MMM), which issued its own currency and offered tremendous returns to investors and depositors. In spite of being fined numerous times, he was able to perpetuate one scheme afer the other until 1997 when MMM collapsed and Mavrodi disappeared. He was arrested and convicted in 2003. However, after his release in 2011 he was nonetheless able to continue his scams until his death in 2018 due to the laxity of Russian financial laws and the turmoil following the collapse of the Soviet Union many of whose most powerful elites were themselves heavily involved in stealing and laundering billions of Rubles. Ironically, the man in charge of state assets during this period was none other than Vladimir Putin!! More history here: https://en.wikipedia.org/wiki/Sergei_Mavrodi This is an actual 1000 Ruble bill issued by MMM bank in the late 80's/early 90's, portraying Mavrodi himself at the height of his financial manipulations. While it became worthless in 1997, it nonethess remains an AMAZING collectible with many a tale to tell, not to mention a warning for all investors. Mint condition and SCARCE.

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