Mirror Trading International declared a pyramid scheme
Acting high court judge Alma de Wet has finally declared Mirror Trading International (MTI) an unlawful scheme.
“MTI’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors,” De Wet wrote in her judgement, handed down on Wednesday.
Acting high court judge Alma de Wet has finally declared Mirror Trading International (MTI) an unlawful scheme.
“MTI’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors,” De Wet wrote in her judgement, handed down on Wednesday.