Financial Times: Bitcoin surges as Chinese flock to Russian fraudster’s site

According to Financial Times, bitcoin surges to 300 USD, and then in last few days to 490 USD due to popularity in China of MMM by Sergei Mavrodi - a clone of the most famous Ponzi scheme in Russia he run in 1990-s -https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

The current version: http://mmmglobal.org/

The FT article: http://ft.com/intl/cms/s/0/ee93bc2e-82f6-11e5-8095-ed1a37d1e096.html