If you get caught running a multi-million dollar Ponzi scheme in South Africa, all you have to do is claim it was “a club”. That’s the legal strategy being employed by Mirror Trading International owner Clynton Marks.
Belgium’s Financial Services and Markets Authority has issued securities fraud notices against EndoTech, CashFX Group and Mirror Trading International. As per the FSMA, EndoTech, CashFX Group and MTI are offering what they refer to as “expert advisors” schemes.
While South African authorities continue to twiddle their thumbs and do nothing, liquidation proceedings against Mirror Trading International’s ringleaders continues. The latest decision has seen provisional sequestration granted against Johann and Nerina Steynberg.
South African authorities have recovered approximately 1200 BTC, held in an account belonging to Mirror Trading International. The account was held with FXChoice, who MTI appear to have hoped to launder the stolen funds through.
South Africa’s FInancial Sector Conduct Authority has announced the completion of its Mirror Trading International investigation. It appears what happens next is now up to Commercial Crime Unit of the National Prosecuting Authority.
A recording of a late December Mirror Trading International leaders zoom meeting has emerged. In the wake of MTI’s collapse, top US investor Joel Santiago has an epic meltdown.
A new Mirror Trading International data leak has blown open claims the Marks family are Ponzi victims.
In announcing their withdrawal as Mirror Trading International’s attorneys, the law firm Ulrich Roux and Associates stated it made it clear from the outset that we were in no position to provide potential clients with financial advice as to whether they should invest with MTI, as we are not financial advisors, nor are we specialists [Continue reading…]
Mirror Trading International’s collapse continues to follow the BTC Global Team playbook. In the latest update, Cheri Marks spins quite a story.
The South African law firm Ulrich Roux and Associates has announced it has dropped Mirror Trading International as a client.
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