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MMM financial pyramid founder Mavrodi hospitalized

On March 14, Mavrodi was arrested for five days for non-payment of a 1,000-rbl fine

MOSCOW, March 19 (Itar-Tass) — MMM financial pyramid founder Sergei Mavrodi is taken to hospital from a special detention station where he was held under administrative arrest for non-payment of a fine, a Moscow police press service official told Itar-Tass.

Mavrodi felt unwell and asked to call an ambulance. Doctors who arrived there decided to take him to hospital. He is taken to the Botkin hospital, the official said.

On March 14, Mavrodi was arrested for five days for non-payment of a 1,000-rbl fine imposed on him for the failure to repay the MMM debts to depositors. Ten such suits against him are filed at present.

A source at the Moscow department of the Federal Service of Bailiffs told Itar-Tass that in October 2011, a bailiff of the Khamovniki district office of the service ruled to bring the debtor to account for the disobedience to the legal demand of a bailiff, and Mavrodi was fined 1,000 rbls (about 34 dlrs). The debtor did not appeal against the ruling and did not pay the fine. After eleven such violations were found, materials against the MMM founder were handed over to court.

According to the service of bailiffs, Mavrodi's debt to depositors totals over 4.2 billion roubles. The Khamovniki department has 1,893 rulings against him, and documents against the debtor continue to come there.

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