After signalling its intent to serve Johannes Steynberg via the Hague Conference final month, the CFTC has now requested for permission to impact alternate service. If granted, the CFTC will serve Steynberg by way of a Texas newspaper and the Supreme Court docket of Texas’ web site. Johannes Steynberg is CEO of Mirror Buying and […]
CFTC drops Hague service on Steynberg, now publication Read More »
The CFTC has knowledgeable the court docket it intends to serve Johannes Steynberg by way of the Hague Conference. The CFTC’s intentions had been tendered in a July twenty eighth Standing Report, following unsuccessful makes an attempt to serve each defendants. Mirror Buying and selling Worldwide is a collapsed Ponzi scheme run out of South
CFTC to serve MTI’s Johannes Steynberg thru Hague Conv. Read More »
South Africa making an attempt to control MLM Ponzi schemes by a damaged liquidation system is likely one of the dumbest issues I’ve ever needed to report on. Within the newest present of gorgeous incompetence, South Africa’s Income Service, the nation’s tax regulator, is seeking to steal all the stability of recovered funds. In between
SA govt looking to steal recovered MTI Ponzi funds Read More »
Mirror Buying and selling Worldwide CEO Johan Steynberg has been sued by the CFTC. In line with the regulator, Mirror Buying and selling Worldwide was a $1.7 billion greenback Ponzi scheme. The CFTC filed their lawsuit towards Mirror Buying and selling Worldwide and Cornelius Johannes Steynberg (proper) on June thirtieth. The CFTC have recognized “at
Johann Steynberg sued by CFTC over MTI fraud ($1.7B Ponzi) Read More »
South African authorities have lastly offered an replace on Johann Steynberg’s Brazilian extradition. The dangerous information? Steynberg goes to waste all people’s time combating the inevitable. The excellent news? Get an additional giant serving of popcorn prepared. We’ve heard nothing official from both South Africa or Brazil following Steynberg’s arrest in January. Quoting a courtroom
Johann Steynberg impregnates mistress to dodge extradition? Read More »
There doesn’t look like any cohesion relating to Mirror Buying and selling Worldwide’s liquidation proceedings. Again in February no one was recovering something besides proprietor on paper Johann Steynberg. Then, on the idea Mirror Buying and selling Worldwide could be declared an “unlawful scheme” (which for some cause hadn’t occurred but regardless of the FSCA
Mirror Trading International insiders “summoned” by liquidators Read More »
It’s been a horrible week for international MLM regulation. First we had Dubai launch somebody who had an Interpol issued arrest warrant out on them. The worst of it’s Dubai hadn’t but bothered to arrest the perp, they’d voluntarily turned themselves in. Then we had Bulgaria, house of the nonetheless very a lot lively OneCoin Ponzi
FSCA punishes MTI Ponzi scammers by waiving R50 mill fine Read More »
Mirror Buying and selling Worldwide liquidators have given victims a restoration deal. The deal, which seems to have acquired court docket approval, will see victims who settle for paid “a portion of their claims”. Whereas the court docket has accredited the deal, it stays contingent on Mirror Buying and selling Worldwide being declared an unlawful
MTI victims offered recovery deal, Ponzi hearing postponed Read More »
When Phillip Botha was summoned to look earlier than an enquiry held by MTI liquidators, he determined to not flip up. We’re unsure when, however Botha has since been arrested over his choice. Liquidators allege Botha is certainly one of Mirror Buying and selling Worldwide’s net-winners. How a lot Botha stole via MTI is unclear.
Mirror Trading International net-winner arrested Read More »
An “MTI Round” has offered additional perception into the latest February 4th second assembly of MTI collectors. After studying an preliminary report on the assembly after which watching it, I used to be left lower than impressed. As an alternative of being shut down by authorities and the scammers behind it arrested, Mirror Buying and
MTI circular provides insight into liquidation mess Read More »
