Beware, MTI members

saor said:
Unless the actual stolen BTC is recovered I can't see how anything useful comes from liquidating the assets of people involved. Even if they had 2 mansions and a lambo each, that's not gonna make a dent in returning the amount of money they made away with.

Nothing I've seen so far indicates there's anything to liquidate that's gonna be able to help anyone out of the hole MTI left them in. Recovering the BTC is the only way. So I'm skeptical even of the value of a liquidator here. But yes - I take your point about the shark-like behavior of some liquidators.
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And let us not forget, what ever money does come from the sale of the assets, SARS gets first take before any others.
 
WollieVerstege said:
And let us not forget, what ever money does come from the sale of the assets, SARS gets first take before any others.
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The reality of the MTI Ponzi scheme is that very few 'investors', if any, will get anything back. This has always been the case with all Ponzi schemes. Another thing is sure, some of the initial 'investors' themselves, even if they did not start the scheme, will lose money, assets and some may even end up in jail. Interesting times ahead.
 
I was thinking of the movie 'Operation Finale' where the Israelis sent a small team to extract a nazi target from South America.

Imagine you can send in a compact team to extract that MTI michelin man from South America and send him back to
SA in a wooden crate.
 
Gerry said:
I was thinking of the movie 'Operation Finale' where the Israelis sent a small team to extract a nazi target from South America.

Imagine you can send in a compact team to extract that MTI michelin man from South America and send him back to
SA in a wooden crate.
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Nah, he is just a patsy. The Marks should be your real target.
 
Very little knowledge on this sort of stuff. So...
My mom in laws brother, invested in MTI, but they withdrew everything in Sep or Oct. Would they be sued for their money and/or profit they made?
 
Keegan89 said:
Very little knowledge on this sort of stuff. So...
My mom in laws brother, invested in MTI, but they withdrew everything in Sep or Oct. Would they be sued for their money and/or profit they made?
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Its not outside the realm of possibility,and probable the bigger their stolen profits

I'd put that money away for the next 10years and wait for a briefie from the lawyers
 
Keegan89 said:
Very little knowledge on this sort of stuff. So...
My mom in laws brother, invested in MTI, but they withdrew everything in Sep or Oct. Would they be sued for their money and/or profit they made?
Click to expand...
Just make sure they let SARS know during the next tax season. The last thing they want is the SARS hippo on their back.
 
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