4 years after Mirror Buying and selling Worldwide collapsed, South African authorities have confirmed an ongoing felony investigation.
The Monetary Sector Conduct Authority declared MTI an “unlawful operation” in December 2020. Since then nevertheless there have been no substantial updates.
As reported by My Broadband’s Jan Vermeulen on Might twenty first;
The Nationwide Prosecuting Authority (NPA) says it’s investigating co-conspirators and associates of the late Johann Steynberg, Mirror Buying and selling Worldwide’s former CEO.
Steynberg is reported to have died in Brazil final month.
NPA media relations director Isaac Dludlu informed MyBroadband that they haven’t introduced fees towards anybody but.
Nevertheless, the matter is beneath investigation, and they’re trying into a number of attainable fees.
These embrace fraud or theft, forgery, contraventions of the Prevention of Organized Crime Act, and contraventions of the Monetary Advisory and Middleman Companies Act.
In lieu of authorities bringing fees in relation to South Africa’s largest ever Ponzi scheme, civil proceedings involving liquidators have racked up thousands and thousands in authorized charges.
Progress has been made by the liquidators however, to the detriment of Mirror Buying and selling Worldwide’s victims, developments have been excruciatingly sluggish.
Up to now Clynton Marks and Cheri Ward (proper), MTI’s suspected homeowners and first beneficiaries, stay at massive in South Africa.
Hopefully the NPA doesn’t take one other 4 years to deliver fees towards Marks, Ward and their accomplices.