South Africa’s legal system continues to shield Mirror Trading International scammers. The latest has seen requested second depositions of suspected owners Clynton and Cheri Marks denied. The same has been denied for the Ponzi scheme’s top earners.
A December 2020 FXChoice support ticket reveals Johann Steynberg, or someone impersonating him, attempted to access 1282 BTC from MTI’s then seized account. The ticket also reveals Steynberg evidently had a warped understanding of securities regulation in the US.
Following Mirror Trading International’s collapse in late 2020, CEO Johann Steynberg fled South Africa for Brazil. Authorities eventually caught up with Steynberg and arrested him late last month. Steynberg managed to evade authorities on account of him having at least three fake IDs. We now also now Steynberg spent 2021 living on stolen bitcoin and [Continue reading…]
Brazilian authorities have arrested Mirror Trading International CEO Johann Steynberg. Steynberg was picked up Goiania on an international arrest warrant issued by Interpol.
In the absence of regulatory action, the Mirror Trading International liquidation process continues. The latest is a confusing series of events that saw victims claims universally rejected.
The hearing to decide official classify Mirror Trading International as a pyramid scheme has been delayed. What was a relatively straight-forward case, albeit slow-moving, has since devolved into a circus.
Mirror Trading International’s liquidators have confirmed the existence of a US investigation into Mirror Trading International. The news follows months of inaction by South African authorities.
Seven months after raiding Mirror Trading International’s South African offices, the FSCA has announced its intent fine the company. Oh my god just do it already…
Mirror Trading International’s liquidators have tracked down another 8000 bitcoin.
In the absence of regulatory action against the Mirror Trading International Ponzi scheme, civil liquidation proceedings continue. The latest update is a final liquidation order, granted June 30th.
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