CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Doable Exit Rip-off – Funds Blocked

0

In an unexpected turn of events, the management team at Mirror Trading International (MTI) is now suggesting that their CEO Johann Steynberg may have been betrayed. The team claims that Steynberg, now believed to be in Brazil, has banned key executives from accessing the MTI account with a local bank. In addition, management now appears to be confirming previous claims that Bitcoin withdrawal requests will not be honored, despite previously being disproved.

Investor BTC status unknown

The last-minute revelations by MTI management appear to back up the findings of an investigation by the Financial Sector Conduct Authority (FSCA), the South African financial services regulator. In its update to the MTI probe, the FSCA announced that previously unreported losses, as well as bitcoins that cannot be accounted for, have been exposed. According to the FSCA, the investigation also revealed indications that the MTI broker Trade 300 is connected to Steynberg.

Interestingly, a statement made on behalf of management believes that Trade 300 “may be owned and operated by Johann Steynberg”. The statement adds that “communication with this broker has been sparse and not forthcoming”.

In the seven-page “MTI Critical Statement”, the management team records the chain of events that followed the attack by the FSCA on the residences of the top executives of the Bitcoin trading company at the end of October. The document first explains the steps Steynberg allegedly took after the raid and how such measures should protect investors’ bitcoins. The statement says:

Johann informed us that when the FSCA took over all electronic devices, a security protocol was drawn up with the broker to prevent all Bitcoin members from being stolen. This included a restriction on withdrawals. This was communicated to all members at the urging of management.

The MTI statement went on to say that CEO Clynton Marks – a member of the MTI management team – had asked for 400 BTC to “pay members who made withdrawals as the broker’s withdrawal limit was still an obstacle “. The statement claims that Marks agreed and transferred the BTC to the CEO, but that management has “no evidence that Johann contributed the stated amount”. Marks, who reportedly used his personal BTC, made three transfers between November 1st and November 12th.

The e-mail

Later, on November 30th, Steynberg received an email from an anonymous source in which he was again warned of an impending attack by the FSCA. In the email, the anonymous sender thanks Steynberg “for everything you do for humanity” before asking him to skip the country for his own safety. Using that email as a reason, the CEO appeared to be leaving South Africa on or after December 2, leaving his wife to deal with his affairs in his absence.

CEO of the MTI Bitcoin Ponzi Scheme flees South Africa due to possible exit fraud - funds blocked

Later, the members of the MTI management team, who disagreed with the CEO’s agreement, threatened not to work with Steynberg unless he admitted their request “to appoint a suitable deputy who could run the system in his absence” . Nevertheless, Steynberg allegedly refused when he insisted that his wife “Nerina is his 2IC” and the MTI team apparently gave in. However, from December 15, Steynberg stopped communicating with the MTI management.

Since the “terrible situation” was exposed, the MTI team has claimed it tried to restore investors’ BTC, which is inaccessible. A private investigator has since been hired to track down Steynberg, and the team adds that it will be working with law enforcement until then
Matter is solved. “

What do you think of these new MTI revelations? Let us know what you think in the comments section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

You might also like

Leave A Reply

Your email address will not be published.