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Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty

Tax Collector Wants  Million From Collapsed Bitcoin Ponzi Scheme MTI  — Liquidators Accused of Failing Their DutyIn a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the MTI liquidation process is finalized. Liquidators Failing ‘as the Deemed Public Officers’ […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law

South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector LawA South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July 6 letter, which has also been sent to the CEO and […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

8,000 BTC Belonging to Mirror Trading International Traced, Investors Urged to Lodge Claims

8,000 BTC Belonging to Mirror Trading International Traced, Investors Urged to Lodge ClaimsA total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced while an additional 29,000 bitcoins could soon meet a similar fate. The traced coins, which are valued at over $280 million (4 billion rand), represent a potential breakthrough for beleaguered MTI investors. Liquidators Want Court to Declare MTI a Ponzi Scheme […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam OutfitIn the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi SchemeNew submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals