A spokesperson for the WebMoney online payment system said the company would keep an eye on a recently unveiled financial pyramid to be launched by Russia`s notorious mastermind of the 1990s financial scheme Sergei Mavrodi. In his blog, Mavrodi, who was recently released from jail after serving a four-and-a-half-year sentence for fraud, said the new MMM-2011 project called "We Can Do A Lot" would be launched on January 11. Mavrodi promised his new investors would receive 20% profits per month, while retirees and the disabled would get 30% profits. He suggested investors to open dollar accounts in electronic payment systems and to buy virtual tickets. WebMoney will make every effort to prevent the illegal use of its e-wallets, the company`s PR director, Ksenia Velikina, told Kommersant paper. Russian Financial Ombudsman Pavel Medvedev has already announced plans to request the Prosecutor General`s Office to initiate a probe into Mavrodi`s new project. The Interior Ministry said that an inspection into Mavrodi`s activities could be launched only when claims against him appear. The founder of the new pyramid calls his project a "financial social network" and claims that this system is "absolutely invulnerable, unsinkable and indestructible." He hopes to attract 100,000 investors this year and up to 1 million in 2012. "All the operations will be carried out among the investors. I will not touch anything. I have no right to do that. I will only manage the process," Mavrodi said. The MMM financial pyramid in the 1990s was the largest in Russia and one of the biggest in the world. It sold shares to the public, promising spectacular returns in an aggressive advertising campaign on national television. MMM was established by Mavrodi and his brother in 1989 and declared bankruptcy in 1997. According to different assessments, between 2 million and 5 million people bought MMM shares, and lost as much as $1.5 billion. Mavrodi was on the run until his arrest in Moscow in 2003. He served his four-and-a-half-year sentence in Matrosskaya Tishina Penitentiary and was released in May 2007. In 2008, the courts released 18 million rubles belonging to Mavrodi. The money was shared among the investors. Court authorities also appropriated Mavrodi`s rights for his book Temptation that he published in 2008.