of the founder of SA's largest Ponzi scheme in Brazil, lawyers representing the scheme's liquidators are attempting to recover tens, possibly hundreds of millions of rands from investors in the US.
Lawyers acting for Mirror Trading International's liquidators in a US bankruptcy court have sent out 150 legal complaints demanding that"net-winners" pay back their"ill-gotten" investment gains. Liquidators have also sent out summons for similar clawbacks in South Africa, saying that all MTI gains are were unlawful and needed to be paid back. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.