FSCA's probe into Mirror Trading finds no store of assets

FSCA’s probe into Mirror Trading finds “no store of assets”
By Martin Hesse
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The Financial Sector Conduct Authority (FSCA) reports that its investigation into Bitcoin investment platform Mirror Trading International (MTI), which is “nearly complete”, has revealed that it “has no significant store” of investors’ assets invested in any trading platform, with the implication that the bulk of the investors’ Bitcoin assets were never invested on their behalf and may simply have been stolen.
The FSCA says it believes that MTI and its senior management (chief executive Cornelius Johannes Steynberg, Clynton Hugh Marks and Cheri Marks) “are conducting an illegal operation, misleading clients and have contravened several laws” and has referred the case to the police.

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