MTI liquidators recover R1.1bn in bitcoin Mirror Trading International (MTI) provisional liquidators have recovered 1 281 bitcoin, worth more than R1.1 billion at current prices, from the collapsed scheme.
We just wanted to update this thread with the latest, and as far as we’re concerned last, development.
The FSCA have authorised the dispersal of MTI’s frozen funds at FXChoice to the appointed liquidators. We confirm that the transfer has now been completed and we consider the matter closed.
We want to say a big thank you to everyone who contributed to this thread, and we wish you all the very best.
The application for the final liquidation of Mirror Trading International (MTI) has been postponed until May 31, apparently by groups who believe the company can still be saved.
Moneyweb understands three groups are opposing the final liquidation in favour of business rescue, alternatively that they be allowed to restructure the company’s debts in terms of a Section 155 (of the Companies Act) compromise.
In the News
The four liquidators have been appointed by the Master of the High Court2).
The four liquidators are:
In the News
A recent leak by Anonymous reveals the extent to which the leaders and main players in the scam have benefitted through defrauding unsuspecting investors.
What you need to know when opening a case at SAPS against MTI:
Make sure you have all these details with you :
1. Date you opened your MTI account
2. Proof of how much you funded your accounts with (bank statements or screenshots of your wallet account, preferably both) showing dates of transactions.
3. Screenshot of your dashboard showing your BTC amount
4. Screenshots of your pending withdrawals if any
5. Include the names, ID numbers and phone numbers of MTI Directors & Management:
Johann Steynberg : ID: 8307135016088 Cell: 0722034238
Clynton Marks : ID: 7002135185089 Cell: 0715095266
Cheri Marks : ID: 8502070321085 Cell: 0629285973
Monica Coetzee : ID: 7311300006081 Cell: 0727469875
Leonard Gray: ID: 8208185051084
Elizabeth Kathleen Malton (Liz Malton) ID: 6208040042080
Charles Ward: ID: 8709295183089
Vincent Ward: ID: 9005285128008
Matshidiso Ramanamane: ID: 7901220292082
Nerina Steynberg : ID: 8203100219080 Cell: 0632002746
6. Add these addresses:
Monica Coetzee : 14 Juniper Street Randpark Ridge, Randburg.
Cheri and Clynton Marks : Unit 4, 24 Monteith Place, Monteith Estate Durban North, 3731
(This information is public knowledge already).
7 : Address and company details : Mirror Trading International reg : 2019/205570/07 43 Plein Street Stelenbosch
8 : Printed final statement from MTI
Do not include in your statement the Case number for the FSCA. This just confuses matters.
The SAPS will sms you the case number once it's registered you must please send it to [email protected] to complete the process.
Report a Crime - South Africa.
South African Police Service
South African Fraud Prevention Service
South African Revenue Service
MTI Statement (PDF file) - dated 22.12.2020.
Ulrich Roux and Associates (URA) have just released a statement (PDF format) clarifying their role in MTI and their reasons for terminating the relationship.
is the interview referred to.
It has come to our attention that after the reported disappearance of Johann Steynberg, several staff and high level promoters of MTI have attempted to wipe their association from their respective social media channels including Facebook and YouTube. Most evident of this is Colin Daly - Crypto Stacks 369, who has made Private all videos promoting MTI from his Youtube channel. Other notable members have all but erased mention of MTI on their social media, or outright deleted videos.
A notice was posted late afternoon 19.12.2020 of the disappearance of Johann Steynberg on Official Telegram groups and Confirmed by Cheri Marks as having disappeared 14-12-2020 after leaving for Overseas 03-12-2020 5).
Moneyweb - RSG Geldsake - FSCA lê 'n kriminele klang teen MTI - English transcription can be seen in the footnote7).
The FSCA have released a public statement claiming they have opened up a criminal case with the SAPS in regards to MTI.
MTI's response with clarification from Brandon Topham, FSCA.
FSCA opens criminal case against MTI, says investigation ‘nearly complete’. MTI responds that this is another attempt by the FSCA to destroy its business.
The case number is 245/11/2020 and can be confirmed on 021 809 9142 - SAPS Stellenbosch.
For more information on the Trade300 website.
Multiple members have started complaining about deposits and withdrawals not showing up in their accounts.
It has been confirmed that The Financial Sector Conduct Authority (FSCA) raided the offices of Mirror Trading International (MTI) in Stellenbosch and Polokwane on the 26th of October 2020. Further raids & seizures were performed at Cheri Marks & Clynton Hugh Marks' mansion in Durban together with the home of CEO, Johann Steynberg
Topham refutes allegations that the FSCA lied to the courts in pursuit of its investigations into MTI.
“We also place on record that demonstrations have been made to us with the view to convincing us that live trading was taking place and that bitcoin balances existed,” says Topham.
“We can only say at this stage that we have not been able to independently confirm the accuracy of this demonstration and contradictory information has also been received.”
Proof of MTI's BTC being moved from FXChoice to Trade300 was given in the form of this PDF file.
According to a Techcentral article on the Anonymous_ZA leak, we can see a MTI bitcoin wallet and its online transactions.
3755 Bitcoins (over R700 million) of investors bitcoins was sent to an online gambling website called Cloudbet.com