MMM relaunched from jail cell

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