Mirror (non)Trading International 2 - The Fallout

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Waldman Jordaan

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Hmm, this latest stall tactic of MTI where they are now finally starting to 'pay out' withdrawal requests and only paying out a fraction (10%) is already definitive proof to me that the Ponzi has failed and they are dead in the water. So this week it is and looks like @justreading is correct with it failing today. We will be able to confirm this in a few days time I reckon.

Unfortunately this will be a series of failures as this thing falls apart and MTI desperately trying to keep it together.

So, all of us predicting that it will fail within the next few weeks are essentially 'on the money' so to speak.

Its just amazing how tenacious these scam artists are. However, they cannot change the outcome - haha, in your face MTI!

PS: remember, these are scam artists, not business people at all. They do not make business plans, all the do it to run this scam and plot to max its scam money.
 

5c short

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MTI are like the Oceans 1x of ponzi’s.

A well assembled team of seasoned scammers who all made massive contributions devising what they thought would be the ultimate ponzi that would last forever. Straight outta Hollywood ****!! They thought they had every possible contingency plan possible.

Anyone noticed how the ponziviles not only cleaned up their facebook, but even cleaned up the original MTI thread?

Within the first 3 pages, Peter Muller aka Cryptopet and Bra Thibos have wiped all their posts. The only proof that does remain is the quoted sections. They've known about this thread since its inception, and even knowing what they could see, they still lost this battle with their bull.
 

newby_investor

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Hmm, this latest stall tactic of MTI where they are now finally starting to 'pay out' withdrawal requests and only paying out a fraction (10%) is already definitive proof to me that the Ponzi has failed and they are dead in the water. So this week it is and looks like @justreading is correct with it failing today. We will be able to confirm this in a few days time I reckon.

Unfortunately this will be a series of failures as this thing falls apart and MTI desperately trying to keep it together.

So, all of us predicting that it will fail within the next few weeks are essentially 'on the money' so to speak.

Its just amazing how tenacious these scam artists are. However, they cannot change the outcome - haha, in your face MTI!

PS: remember, these are scam artists, not business people at all. They do not make business plans, all the do it to run this scam and plot to max its scam money.
This remains to be seen. I for one hope that confirmation comes sooner rather than later. I've been hankering to read the FSCA report for one thing.
 

PunisherI386

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Does anyone know JS's background? Is he a developer? Do we think he is doing development himself or is he farming it out to others.

I'm trying figue out if the mistakes are because he's a sh*tty coder or because no one is testing?
 

warrenpridgeon

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Does anyone know JS's background? Is he a developer? Do we think he is doing development himself or is he farming it out to others.

I'm trying figue out if the mistakes are because he's a sh*tty coder or because no one is testing?
He actually said in the latest Q&A he has a team in India that is very good.
 

PunisherI386

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found his linked in profile. Definitely no coder.
 

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Wary GOM

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He actually said in the latest Q&A he has a team in India that is very good.
Based on the general quality of MTI IT that has been picked up on this thread, it matches everything else (except dishonesty and scamming ability) that MTI has shown. Experience of colleagues in an IT project with which I am involved shows that: first, you get what you pay for and second, many of the Indian cut-price, "coding bucket shops" talk big but code terribly.
 

IndigoIdentity

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I am extending my prediction to 21 Sep 2025. The new offshore located mti
So if I understand this correctly, you predict MTI relocating to South America because of the evil financial regulators in South Africa, or why exactly?

My reasoning for March 15 was mostly due to the seemingly limited amounts available to pay out the members, i'm fairly sure this will get bolstered a bit by a good few Christmas bonuses and such.

I noticed what seemed to be a lot of frustration relating to the lack of paperwork being provided by MTI. End of Jan is kind of a big time for a lot of people with fairly large amounts of capital / somewhat diverse income streams.

I think things will boil over after a month or so for various reasons but mostly due to the amount of accounting professionals that will be going, w... the actual... umm... when working with their clients books.

That's is they are not forcefully ending their operations here before then :)
 

quovadis

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Migrate your server to an offshore location, translocate your management team to an offshore location, and carry on plying your trade to your heart's content across the globe.
Then they shouldn’t have registered the company in SA and understood the basics behind data sovereignty and laws. But lemme guess, the companies act etc doesn’t apply because ... crypto. But hey, MTI is in violation of so many regulatory and legislative frameworks what’s a few extras...
 

John Tempus

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