Will hopeful investors of Mirror Trading International get their invested funds back? Read this MTI court case update to find out.
Many of their investors who suffered losses (over $300 Million collectively), are hoping that they since the MTI ponzi scheme got shut down by the South African Security Regulators and is in court, that automatically they will get a refund.
I reviewed Mirror Trading International (also known as MTI) back in October 2019 and predicted that MTI would end up exit scamming and ripping a whole bunch of people off.
Most people did not like my review or prediction:
Mirror Trading International was an investment opportunity that wasn’t registered legally with any Security Regulator in the world to offer a passive income opportunity to the public legally.
They had zero products or services that were retail able and they offered ‘unsustainable’ passive ROI.
Affiliates and Network Marketing distributors of MTI would argue tooth and nail (as they are in a similar ponzi called Hyperfund) as to why MTI was 100% legit.
But it ended in collapse and thousands of investors lost over $300,000,000 ‘collectively’.
Even their beloved CEO Johann Steynberg took off and went in hiding (while the admins came up with a cock and bull story that he went missing).
The hearing for the court case against Mirror Trading International has been postponed…
The hearing for the application to have get-rich-quick scheme Mirror Trading International (MTI) declared an unlawful or illegal scheme has been postponed until 2 March 2022.
Acting Justice Alma de Wet set the new date in an order issued on Wednesday, along with a series of deadlines for additional court papers to be filed.
Chainalysis named MTI the biggest cryptocurrency scam of 2020 in the most recent edition of its Crypto Crime Report.
MTI was started back in Mid 2019 by Cheri and Clynton Marks (the beloved founders of MTI Associates).
Before that back in 2018, they owned another investment scam called BTC Global Team that collapsed and saw Millions in losses.
But most of the people who lost in BTC Global Team followed them into the new MTI scam blindly.
Will the MTI investors get their money back since the ponzi bosses are in court?
Most of them believe so.
But as it seems, the Marks have not faced any direct retaliation from the court or FCA as yet.
For the time being, it seems like the founders of Mirror Trading International may have a guardian angel (or dark angel) on their side in respects to legalities.
Only time will tell if anyone will receive anything back.
Rory Singh is a Home Business Development Coach, Blogger and You Tube Publisher.
I have seen many people, companies and systems come and go in my years online. I have 3 decades of experience in the MLM industry (since the 80’s) and have been online since 2006 (as an affiliate marketer).
I have been doing Reviews since 2013.
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