Mirror Trading International @ BehindMLM

Claims from Mirror Trading International victims in South Africa are approaching $396 million. Since appointment in 2021, funds held by MTI Liquidators sit at $35.8 million, down from $38.8 million in mid 2024.

The North American Securities Administrators Association (NASAA), has urged the US House Committee on Financial Services not to weaken state securities regulators. Several MLM related fraud cases, initiated by state regulators in the US, are cited in support. NASAA is made up of US state regulators, as well as their equivalents in the District of [Continue reading…]

Mirror Trading International’s South African liquidators have bungled court proceedings in the UK. As reported by Moneweb on June 18th, MTI’s liquidators filed a “UK application” to avoid a statute of limitation in South Africa.

South Africa’s courts have beaten the Hawks to the punch. Mirror Trading International suspected owner and confirmed primary beneficiary, Clynton Marks, has been arrested for contempt of court.

South African liquidators have sued 151 US Mirror Trading International Ponzi net-winners. On August 23rd, the liquidators filed a Status Report providing an update on individual proceedings.

Brazilian authorities have confirmed Mirror Trading International CEO Johannes Steynberg’s death. Subsequently, an identity fraud related criminal case against Steynberg have been dropped.

Four years after Mirror Trading International collapsed, South African authorities have confirmed an ongoing criminal investigation.

Coverage of ongoing clawback litigation against Mirror Trading International Ponzi scammers has seen Maxtra Technologies threaten legal action.

Mirror Trading International CEO Johannes Steynberg has reportedly died in Brazil. Steynberg’s death follows a local identity fraud conviction and pending approval of extradition to South Africa.

Mirror Trading International’s South African liquidators have initiated clawback proceedings against top US net-winners.