Clynton Marks fails to remove MTI liquidators
After accusing them of “serious misconduct”, MTI kingpin Clynton Marks applied to have court-appointed liquidators removed.
As reported by MoneyWeb on March 18th, Western Cape High Court rejected Marks claims
on the grounds that the application was motivated by a desire to avoid interrogation and that allegations of serious misconduct levelled by Marks against the liquidators were “entirely spurious”.
Marks was joined in his application by Henry Honiball, with both ordered to pay the cost of proceedings.
In pointing out Marks and Honiball filed the application to avoid Marks’ interrogation (initially scheduled to take place in October 2022), I assume with the removal petition out of the way that’s back on the table.
Among other things, I imagine liquidators interrogating Marks will allow them to confirm a number of things for legal purposes.
Marks and former partner Cheri Ward (together right), are believed to have run and been primary beneficiaries of funds stolen through MTI.
Pending ongoing inaction by South African authorities with respect to Mirror Trading International, civil liquidator proceedings continue.
They’ve jumped from BTC Global to MTI with ease, but it seems this liquidation is keeping them too busy to jump into their next ponzi scam.
That a MTI was a billion plus Ponzi scam. I imagine whatever percentage of that was stolen by Marks takes a while to blow through in South Africa.