==== Mirror Trading International offices raided ====

It has been confirmed that The Financial Sector Conduct Authority [[https://www.fsca.co.za/Pages/Default.aspx|(FSCA)]] raided the offices of [[mti|Mirror Trading International (MTI)]] in Stellenbosch and Polokwane on the 26th of October 2020.
Further raids & seizures were performed at [[cheriward|Cheri Ward]] & [[clyntonmarks|Clynton Hugh Marks']] mansion in  Durban together with the home of CEO, [[johannsteynberg|Johann Steynberg]]


  * [[https://news.bitcoin.com/south-african-regulator-raids-home-of-key-members-of-an-alleged-crypto-ponzi-scheme/|South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme]]
  * [[https://mybroadband.co.za/news/security/372878-mirror-trading-international-offices-raided.html | Mirror Trading International offices raided]]
  * [[https://www.ofm.co.za/article/centralsa/298430/-breakingnews-sa-bitcoin-company-raided-|OFM]]
  * [[https://www.algoafm.co.za/domestic/bitcoin-company-raided-by-fsca|Algoa FM]]
  * [[https://globalcrypto.tv/fsca-allegedly-raids-principal-members-of-mti/|Global Crypto]]
  * [[https://www.fsca.co.za/News%20Documents/FSCA%20Press%20Release%20FSCA%20conducts%20search%20operations%20at%20Mirror%20Trading%20International%2028%20October%202020.pdf|FSCA Press Release - 28 October 2020]]

Cheri Ward has made two public announcements regarding the raid, stating that the High Court order is based on lies and the raid is only due to wanting a piece of the pie and that MTI is fully compliant.(([[https://voca.ro/14b1FRLC0cMA|Vocaroo]]))(([[https://streamable.com/jl2aym|Streamable]]))
Several Telegram updates have also been sent out by members stating similar.(({{:image_3.png?400|}}))(({{:screenshot_20201027-060537_chrome.jpg?400|}}{{screenshot_20201101-153055_telegram.jpg}}{{screenshot_20201101-153104_telegram.jpg}}{{screenshot_20201101-153114_telegram.jpg}}{{screenshot_20201101-153122_telegram.jpg}}{{screenshot_20201101-153130_telegram.jpg}}{{screenshot_20201101-153140_telegram.jpg}}))

MTI's official response is brief: 

{{:20201027_075026.jpg?400|}}

From this Telegram message, it can be seen that they are once again(({{:ulrich.jpg?400|}}))(([[https://www.facebook.com/MTIBusiness/videos/2421052494853508/?ref=page_internal&__tn__=R|FaceBook]])) stating that they are using Ulrich Roux and Associates (URA) for their legal representation. 

{{:screenshot_from_2020-10-26_19-37-03.png?400|}}

This would be a clear conflict of interest as can be seen from the statement on this website - [[http://mtiforextrading.com/about-us/|MTI Forex Trading]]. To date, URA have not responded to any requests for clarification regarding these statements. 

URA later retracted their support of MTI. Please see [[MTI News]] for further information. 

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