
Mavrodi's Endless Pyramid
Sergey Mavrodi built MMM into one of the largest pyramid schemes in history, promising Russians returns that no legitimate investment could match in the chaotic years after the Soviet collapse. The film traces how Mavrodi recruited millions of ordinary depositors, turned himself into a folk hero through relentless advertising, and kept the scheme running even after prosecutors moved against him, at one point running for parliament to gain immunity from arrest. It follows MMM's collapse, the wave of ruined savers left behind, and Mavrodi's later attempts to relaunch the same model in new countries under new names. Interviews and archival footage place the scheme inside the specific conditions of post-Soviet Russia: a population unfamiliar with market economics, weak regulatory institutions, and a hunger for quick recovery from years of instability. The film treats MMM less as an isolated con and more as a case study in how authoritarian collapse and financial illiteracy can be exploited at massive scale, with Mavrodi himself as the constant, calculating presence at the center of it.