Cheri Marks – DIGIT INFO

FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme

DIGIT — Thu, 05 Aug 2021 10:30:17 +0000

In what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets of out-of-pocket investors.” FBI Interest Confirmation of the U.S. […]

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Two Masterminds in Last Ditch Effort to Stall Liquidation of MTI

DIGIT — Wed, 04 Aug 2021 10:00:56 +0000

In a last-ditch attempt to stall the sale of Mirror Trading International (MTI) assets, two masterminds of the collapsed bitcoin Ponzi scheme have warned investors that liquidating the investment company will likely result in them being asked to return all withdrawn bitcoins. Opposition to Attempts at Declaring MTI a Ponzi Scheme In a court filing […]

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

DIGIT — Thu, 08 Jul 2021 10:00:01 +0000

A 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 […]

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

DIGIT — Fri, 18 Jun 2021 04:30:47 +0000

In 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 […]

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

DIGIT — Thu, 10 Jun 2021 03:30:30 +0000

New 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 […]

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South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme

DIGIT — Tue, 27 Oct 2020 10:30:58 +0000

A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks’ home on October 26 was conducted by Financial Sector Conduct Authority (FSCA) officials who are looking for […]

The post South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme appeared first on Bitcoin News.

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Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations

DIGIT — Tue, 22 Sep 2020 05:00:00 +0000

A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which was reportedly obtained after a breach of MTI internal systems, shows that the investment company is “entirely structured […]

The post Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations appeared first on Bitcoin News.

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