Ina Opperman
Business Journalist
4 minute read
8 Jun 2022
3:19 pm

Bitcoin scam MTI’s ‘winners’ disappear after sheriff comes to court

Ina Opperman

MTI's so-called ‘winners' will have to return all their ‘winnings’ if the scheme is declared illegal by the court.

Image: iStock

Mirror Trading International's (MTI) so-called ‘winners’ were nowhere to be seen after they heard the sheriff was on his way to serve them at the High Court in Cape Town last week, where they were attending closing arguments in the application of the liquidators that the scheme be declared illegal. The liquidators not only want the crypto scam, spearheaded by Johann Steynberg and Clynton and Cheri Marks, to be declared an illegal scheme, but is also asking the court to declare that it was a Ponzi and pyramid scheme, that no actual trading happened, their so-called artificial trading bot was...