MMM relaunched from jail cell

Monday 22 August 1994 23:02 BST

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Russians queued for hours in a cold drizzle to put yet more money into the MMM investment fund, denounced by officials as a swindle but seen by many investors as the victim of government interference. Sergei Mavrodi, the jailed mastermind of the scheme, placed a full-page advertisement in Izvestia over the weekend, declaring MMM back on its feet, and inviting everyone to increase their stake. Page 8

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MMM relaunched from jail cell

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