South Africa’s biggest pyramid scheme pulled in scammers from everywhere — including China, Saudi Arabia, and Ukraine

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Johann Steynberg,Mirror Trading International (MTI),Schabort & Potgieter

The liquidators of Mirror Trading International may have to give scammers who milked the scheme from Saudi Arabia, Venezuela, Cuba, and Ukraine a free pass.

Lawyers for the liquidators of Mirror Trading International have recommended against pursuing scammers and other “net winners” in 30 countries.

The attorneys said withdrawals in Saudi Arabia were around R104 million , while members in Hungary had withdrawn roughly R16 million . The liquidators’ attorneys also issued 187 letters of demand in the United States, followed by 149 adversary complaints and an omnibus motion in the state of Florida.

 

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