Mirror (non)Trading International 2 - The Fallout

[MissKnow-a-Little]

It will not be good.
Please screenshot.

I would.like to volunteer to report him/her to FSCA and any/every professional body when the time is right.

Don't have proof of it, just heard about it from someone else. So wouldn't know how true it is.

 

[soulie]

Does anyone know what could happen to an actual financial adviser who is "invested" in MTI and has quite the downline? I can't imagine that it would be good.

Absolutely nothing .it has to be proven in a court that he knew it was a ponzi ..very hard to prove .

 

[MissKnow-a-Little]

Absolutely nothing .it has to be proven in a court that he knew it was a ponzi ..very hard to prove .

You would think with all the training and exams that a financial adviser would be able to spot a Ponzi from a mile away.

 

[LinuxMan]

I asked someone today about what they think of MTI and the FSCA allegations.
Again their mentality is they making money and are confident they will be around for a long time.
Purely ignoring all the red flags and they continue to rope people in..
This is someone who has made over R500 000k in the last few months, tax free obviously because BTC.

 

[soulie]

You would think with all the training and exams that a financial adviser would be able to spot a Ponzi from a mile away.

He knows it they know it but the court doesnt .but i just hope his downline have a great sense of humour and dont know where he lives .when it does collapse

 

[MissKnow-a-Little]

I asked someone today about what they think of MTI and the FSCA allegations.
Again their mentality is they making money and are confident they will be around for a long time.
Purely ignoring all the red flags and they continue to rope people in..
This is someone who has made over R500 000k in the last few months, tax free obviously because BTC.

You heard Cheri, JS is not stopping until they are the only 'bank' standing with 60mil members.

 

[aofafrica]

Absolutely nothing .it has to be proven in a court that he knew it was a ponzi ..very hard to prove .

Financial advisors may not flog unregistered collective investment schemes (whether Ponzis or otherwise).

 

[expedite]

The site is currently down for scheduled maintenance.

 

[MissKnow-a-Little]

The site is currently down for scheduled maintenance.

Wonder if they sent out a message about this maintenance.

 

[RadonZA]

Wonder if they sent out a message about this maintenance.

for once they actually did

 

[soulie]

Financial advisors may not flog unregistered collective investment schemes (whether Ponzis or otherwise).

I think your wording hit the nail on the head ,and that is probably what the law is struggling with ,that exact wording , they say , he says ,SHE says ,btc is ( wait for it ) unregistered etc . this will still get very interesting , but not soon >

 

[warrenpridgeon]

I think your wording hit the nail on the head ,and that is probably what the law is struggling with ,that exact wording , they say , he says ,SHE says ,btc is ( wait for it ) unregistered etc . this will still get very interesting , but not soon >

It might be sooner than you think... the deposit and withdrawal issues are stacking up now. Obviously MTI blames everything from the block chain to working 20 hour days and who knows what else.

Looks like the sudden heatwave (and rise in BTC price) has made the water evapourate out of the pool, leaving very little behind to pay withdrawals. lol

 

[Def-e-nition]

Good grief, how have these people STILL not connected the dots yet between the progressively slower withdrawals and the very fact that that is a distinctive characteristic of EVERY Ponzi scheme as they are nearing the end of the scheme's life?

G.R.E.E.D

Not me... but in MTI if you aren't all in you're OUT!
Ponzitivity or pxssxff!

They have to maintain this style or else the people will talk and eventually the grumbling will become real complaining and then they can't go "I challenge you to find me ONE unhappy member" anymore. lol.

LOL

Does anyone know what could happen to an actual financial adviser who is "invested" in MTI and has quite the downline? I can't imagine that it would be good.

The last one i heard of involved in a ponzi, invested his client's annual 6% into a "4% per Month guaranteed" scheme. 13 months later : he hung himself when it went txtsxp , and he lost all of their money ....

 

[soulie]

It might be sooner than you think... the deposit and withdrawal issues are stacking up now. Obviously MTI blames everything from the block chain to working 20 hour days and who knows what else.

Looks like the sudden heatwave (and rise in BTC price) has made the water evapourate out of the pool, leaving very little behind to pay withdrawals. lol

Oh yes ,but this scheme can be operated from anywhere in the world , when are all the active businesses closed when is everyone at home celebrating and when are the borders fully open ? as soon as most shut for christmas/new year , it will start , I think , support will close for the holidays all the fake email addresses that go to one person, will still issue the, we are on a short break and will get back to you soon , have a lovely ............come the 1st all gone !

 

[soulie]

Oh yes ,but this scheme can be operated from anywhere in the world , when are all the active businesses closed when is everyone at home celebrating and when are the borders fully open ? as soon as most shut for christmas/new year , it will start , I think , support will close for the holidays all the fake email addresses that go to one person, will still issue the, we are on a short break and will get back to you soon , have a lovely ............come the 1st all gone !

and then the message .. Hi guys ,yes we are aware of a few hiccups ,but are presently on vacation in Belarus and will maybe get back to you .....

 

[LinuxMan]

Couldn't resist:

 

[now05ster]

Couldn't resist:

View attachment 950004

Also, slow blockchain. You h8ters are so negative!

 

[Frikkadel23]

I wonder if imtiaz is one of the developers?

 

[DesertWrangler]

I wonder if imtiaz is one of the developers?

That wouldn’t surprise me at all. He is on there all the time.

 

[now05ster]

I wonder if imtiaz is one of the developers?

He is very active there.