Airing of MMM commercials banned

The broadcasting of advertisements about the pyramidal system “MMM-2011” has been prohibited by the Broadcasting Coordination Council (BCC), Info-Prim Neo reports. The subject was discussed in the May 4 meeting of the BCC following a request made by the National Agency for Competition Protection. “It is suggested obliging all the broadcasters to stop the airing of these commercials,” said BCC chairman Marian Pocaznoi. The decision was passed by a unanimous vote. At the start of April, the financial-economic investigations division of the Prosecutor General’s Office started a legal case against the organizers of the financial pyramid “MMM” over illegal entrepreneurial activity and swindle attempt following media reports and an application filed by the deputy governor of the National Bank Emma Tabrata. The pyramidal system “MMM” was created by Russia’s Serghei Mavrodi. Questioned by the prosecutors, the manager of ten groups of members of the pyramid “MMM2011” in Moldova said that the system included more than 1 000 depositors who transferred different sums of money to the primary group leaders. He also said that the depositors were informed that the given system is a financial pyramid and its mechanism provides advantageous conditions for the depositors and methods of attracting other participants.

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