CFTC and MTI liquidators settle, file consent order over $1,733,838,372 claim

[Jan]

Liquidators of South Africa's biggest pyramid scheme in history strike deal with US over R33-billion claim

The U.S. Commodity Futures Trading Commission (CFTC) has reached an agreement with the South African liquidators of Mirror Trading International not to pursue a $1,733,838,372 (R33 billion) claim against the estate.

Under the terms of the deal, the CFTC won’t take any action to collect payment while bankruptcy proceedings are underway.

 

[lkpat]

Where are the MTI shills these days? Still at home, playing golf?

 

[quovadis]

"They have recovered over R1 billion and have spent over R113 million."

I'm guessing that 99% of that was given to them by FX Choice. That R113m is astronomical in that context then.