After Investors Fail to Withdraw Their MTI BTC; South African Court Grants Order to Liquidate Mirror Trading International
Posted January 01, 2021 by Bitcoin.com A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. According to a statement released by lawyers of one of the aggrieved investors, this provisional order paves the way for the appointment of a liquidator to take control of MTI’s assets and liabilities.Provisional Order
The order by the Cape Town court came after the Financial Sector Conduct Authority (FSCA)
reported receiving complaints from investors who failed to withdraw invested funds. The court’s decision also follows reports that Johann Steynberg, the CEO of the alleged online bitcoin scam platform, had skipped the country.
At the same time, a statement released by MTI management alleges that Steynberg, who is no longer communicating with fellow executives, blocked his colleagues from accessing the company’s funds. The management team says it is now working with law enforcement as it tries to recover investor funds.
Meanwhile, as one local publication reports, the court’s provisional order also calls on “creditors and interested parties to reconvene in early March to show why a final liquidation order should not be granted.” However, in the meantime, the provisional order “will now be served on MTI’s registered business premises.”
MTI Ditched by Lawyers
Nevertheless, the report explains that there are doubts that the court can successfully serve the CEO with the order since his exact whereabouts are unknown. News.bitcoin.com has previously reported that Steynberg fled to Brazil and left his wife Nerina in control of MTI’s funds.
Furthermore, MTI’s former lawyers, Ulrich Roux, and Associates confirmed in a December 21 letter that the CEO had left South Africa. Interestingly, the lawyers used the same letter to announce the end of their business relationship with MTI.
In the meantime, the law firm that represents one of the investors that approached the court, Luitingh, and Associates, says it is willing to assist other creditors and aggrieved investors to lodge claims against MTI. Aggrieved investors can download the liquidation form from a website dedicated to victims of the MTI scam.
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Interview with MTI Johann Steynberg CEO
Understand Mirror Trading International through MTI video education and training
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Mirror Trading International provides November 2019 onward to present continuing trading income results
Continuing MTI member’s income returns of earned bitcoin regarding MTI trading results (availability is provided – CLICK HERE). Always remember the information of trading results and income returns are historical details ONLY and are not a guarantee of future results or returns. Having accessed the website, you acknowledge having also read the disclaimer.
Mirror Trading International provides in April 2020 a 5 week (monthly) return in investment of 11.60%
Mirror Trading International provides in March 2020 a 4 week (monthly) return in investment of 10.072%
Mirror Trading International provides in March 2020 the trading week end of the 27th a return of 2.5845%
Mirror Trading International provides in March 2020 the trading week end of the 20th a return of 2.7204%
Mirror Trading International provides in March 2020 the trading week end of the 13th a return of 2.3405%
Mirror Trading International provides in March 2020 the trading week end of the 06th a return of 2.4265%