Picture: iStock
Where’s Johann? Panama, Brazil, South America? Speculation is running rife as to the whereabouts of bitcoin trading group Mirror Trading International (MTI) founder and chief executive officer (CEO) Johann Steynberg who apparently left the country on 3 December 2020 and hasn’t been seen since. According to a statement released by MTI management on 19 December, he remained in contact with them until about a week ago and then seemingly went off the grid and has since been uncontactable. Several months ago, the Financial Sector Conduct Authority (FSCA) issued a warning to the public to steer clear of MTI, which promised.
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app instead?
Itâs not looking good for the 280 000 members planning on harvesting profits before Christmas. 12:55
Where is MTI founder and CEO Johann Steynberg? Image: Shutterstock
Whereâs Johann? Panama, Brazil, South America? Speculation is running rife as to the whereabouts of bitcoin trading group Mirror Trading International (MTI) founder and CEO Johann Steynberg who apparently left the country on December 3, 2020 and hasnât been seen since.
According to a statement released by MTI management on December 19, he remained in contact with them until about a week ago and then seemingly went off the grid and has since been uncontactable.
FSCAâs probe into Mirror Trading finds âno store of assetsâ
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 ânearly completeâ, has revealed that it âhas no significant storeâ of investorsâ assets invested in any trading platform, with the implication that the bulk of the investorsâ 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) âare conducting an illegal operation, misleading clients and have contravened several lawsâ and has referred the case to the police.
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MTI responds that this is another attempt by the FSCA to destroy its business. 19:20
The FSCA says it has, in the last few days, received complaints that investors were unable to redeem their investments. Image: Shutterstock
The Financial Sector Conduct Authority (FSCA) says it has opened a criminal case against Mirror Trading International (MTI) and on Thursday issued a statement providing details of its investigation into the company, which it says is nearing completion.
Last month the FSCA conducted a search and seizure raid on the offices of MTI and the homes of some of its executives, after previously warning the public against investing in the company which has been promoting its bitcoin investment scheme with returns of up to 10% a month.