Infamous con man known for being the founder of the pyramid scheme company known as MMM. In 2007, he was sentenced to four and a half years in a penal colony for defrauding more than then thousand investors.
He originally founded MMM in 1988 and created other fraudulent companies, including Stock Corporation.
He wrote the book Temptation, of which seven thousand copies were published, in 2008.
He was married to Elena Pavlyuchenko from 1993 to 2005.
He and Bernard Madoff are both the creators of pyramid schemes, also known as "Ponzi" schemes.