Some members built large downlines of additional accounts, often using their own money in the hope of earning a big payday, reinforcing claims that MTI was a Ponzischeme. Moneyweb scam finance
A clearer picture is emerging of Mirror Trading International , the bitcoin scheme that collapsed in December 2020 when founder and CEO Johann Steynberg fled to Brazil. It was widely reported that the scheme, which promised members returns of 10% a month, had close to 300 000 members. The actual figure is close to one-tenth of this, according to a forensic analysis provided to Moneyweb by the liquidators.
MTI investors staring at a dwindling pot after latest court order MTI liquidators in response to Sars’s R931m claim: We owe you nothing A total of R957 million in claims has been received by the liquidators from more than 4 000 members. This does not included the Sars claim for R931 million, which may or may not be accepted by the liquidators.
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