Made some money off Time for Mirror Trading International? It’s time to pay up

Just two weeks after news that Mirror Trading International pyramid scheme founder, Johann Steynberg, died from a heart attack in Brazil, where he was waiting for his extradition hearing, the so-called ‘winners’ in the scheme who withdrew more bitcoin than they deposited have now received summonses claiming back the ‘profit’ they made.

The Western Cape High Court then declared the business model of Mirror Trading International an unlawful pyramid scheme and its agreements with about 200 000 of its members void. “In those summonses the liquidators claim return, alternatively payment of the value, of the bitcoin so withdrawn in excess of the bitcoin invested.”

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mirror Trading International liquidator issues urgent legal instruction to investors and membersMTI investors and members who received more bitcoin than they invested into the scheme are required by law to return the difference to the company’s liquidators.
Source: mybroadband - 🏆 11. / 67 Read more »

Consumer alert: NCC probes piggy farm tradingIn response to complaints, the NCC investigates Piggy Farm Trading, marketing 'virtual pigs' as investment opportunities.
Source: TheSAnews - 🏆 25. / 59 Read more »

ZiG begins trading as Zimbabwe banks struggle with the switchBanks, retailers, telecommunications companies and other firms spent the weekend reconfiguring their systems to adopt ZiG ahead of business resuming Monday.
Source: Moneyweb - 🏆 5. / 77 Read more »