Mirror (non)Trading International 2 - The Fallout

[quovadis]

They understood the regulatory environment as one free of requirements, when pressed regarding their forex trading, they switched to Crypto, now that FSCA plans to regulate Crypto they need to switch somewhere else that regulation does not exist. Their business model simply will not survive regulation.

They never understood the regulatory environment to begin with and that includes even basic compliance with running a business. They say they wish to comply and will do so yet they didn’t even respond to the foreign regulatory bodies despite being very vocal about doing so. Furthermore, what makes you think that MTI being in any other country makes citizens of other countries immune from their own countries regulations? The most basic of even financial regulations that applies to all companies holding any form of asset on behalf of third parties has not even been complied with in terms of an external independent auditor. I hate to break it to you but that’s kind of universal for any incorporated entity worldwide. Ask yourself why a company with billions in BTC aren’t willing to get an independent and recognized auditing company to verify their holdings or managed to even appoint an accounting officer which is required by law?

 

[quovadis]

Given the sparseness of the offices, I tend to believe managemet is temporarily in that loco, managing the server transition and will return upon completion. Possibly having procured offices, and business registration in that location. On return - Unfortunately the business will be registered and operating outside of SA jursidcition, and given the nature of the blockchain they will continue to manage the operations, possibly underground.

I am sure they have figured means of subterfuge to bypass regulations that might seek to regulate an individuals dealings with a foreign based company - and will in all likelihood merely be known as members of a newly constituted foreign entity, which will be holding crypto assets with exchanges not deemed to be operating in SA jurisdiction.

Like registering a business in an offshore tax haven, and funding and operating said business solely via crypto from offshore crypto brokerages. No connection or legal ties to SA at all.

It doesn’t work like that numb nuts. You’re literally advocating for MTI to become a defacto criminal enterprise.

 

[IndigoIdentity]

Personally, I don't believe the funds have dried up as yet. I believe that the pending regulatory environment pushed them to relocate. In hastily executing a server migration, they made a hash of things, they will eventually resolve these server issues, and resume unregulated free trade with their servers physically located in an unregulated location, and their management team is either in that location to manage the server migration, or will also relocate to that location to operate unimpeded by regulation. I see them being around for some time, untill they deplete the global capacity, and then collapse.

So basically, business in a different location is fine regardless of which parties are involved or their respective governments outlook on what they do?

When you say global capacity you mean the number of countries who will what, outright ban MTI from trading and reduce the pool of available users?

Just trying to understand your perspective here... It's sounding a bit far fetched already though.

Computer systems don't generally insert random 0's by themselves, most especially ones that deal with financial data. If this issue were relative to anything other than manual manipulation i'd be surprised because i'd personally expect this type of issue to affect everyone (atleast in a certain group of users) in the same way? So basically, all clients should see something like that not just random ones... That's really just unrealistic to me.

Personally, i've been amused by the changes that i've watched over time. From relative infancy and fairly smooth to somewhat problematic, to quite troublesome and now to downright insane... If this isn't the final stages of MTI that we're watching happen here then I would honestly and truly be very surprised.

EDIT: typo

 

[tetrasect]

Here seems to be clearer version of the Zoom meeting and the Office uses by JS seems to be on the 2nd floor ....

if someone can make a copy before it's deleted and perhaps also paste copy of new link here on MTI MBB thread for those wanting to further analyse the video ....

He is in São Paulo, Brazil. I'm 100% sure.

The bus that passes at 8:00 is this bus:

 

[quovadis]

Personally, I don't believe the funds have dried up as yet. I believe that the pending regulatory environment pushed them to relocate. In hastily executing a server migration, they made a hash of things, they will eventually resolve these server issues, and resume unregulated free trade with their servers physically located in an unregulated location, and their management team is either in that location to manage the server migration, or will also relocate to that location to operate unimpeded by regulation. I see them being around for some time, untill they deplete the global capacity, and then collapse.

The server is in India with the very people who wrote the off-the-shelf pyramid “mlm” software. Hardly a jurisdiction with the protections you think are afforded by them.

 

[Thugscub]

Ponzi.

 

[quovadis]

These people have a deep understanding of the regulatory environment. They can say whatever they desire - but their business model cannot survive regulation. Thousands of illegal casino's operate in offshore locations, and citizens of heavily regulated countries, routinely engage the services of such. This will be even easier to do with crypto blockchains. I don't need to ask myself why they don't want an independant audit - if you where running this type of business would you want such an audit. Frankly, their business cannot entertain such an audit.

Lol. If you think that the govt of curacao, Costa Rica or any of the countries that provide safe haven and licensing don’t have regulations in place and demand audits you’re a ignorant fool. They are even more pedantic than what the FSCA could ever come up with.

 

[IndigoIdentity]

I thought the original server was in India, and has now migrated - to where?. Is there positive confirmation by ip of it's location? In any event, currently Cryptocurrencies are not regulated in India, if that;s where it is physically located.SA i now a jursidiction with the intent of regulating crypto,

It may very well be in space at this point... Someone asked the other day to check that referral code is available on the sign in page... I tried... Honestly... I waited for about 3 minutes and then I gave up.

 

[quovadis]

I thought the original server was in India, and has now migrated - to where?. Is there positive confirmation by ip of it's location? In any event, currently Cryptocurrencies are not regulated in India, if that;s where it is physically located.SA i now a jursidiction with the intent of regulating crypto,

Do you understand that regulation of crypto has nothing to do with the fiduciary duty of a collective investment scheme? it doesn’t matter if it’s crypto or bacon.

 

[quovadis]

Although not definitive the IP address 104.18.7.176 currently geo locates to the US

No numb nuts. That’s a reverse proxy providing a web application firewall and content distribution from a company called Cloudflare used by thousands of websites. The actual IP was leaked already by mtis own server.

 

[4Snoopy]

He is in São Paulo, Brazil. I'm 100% sure.

The bus that passes at 8:00 is this bus:

Agree .... they also seem to have the full range of busses in the video in their bus fleet.

Next step is to trace location where busses passed / stopped as appears there is a bus stop right outside the door.

Edit: also appears to be duals lanes both ways in front of the location - which should make the search slightly easier as a lot less of those in Soa Paulo.

 

[IndigoIdentity]

I understand that you are defining requirements according to the current legal entity registered in SA - Do you know the nature of the new entity established, perhaps not even registered in some other location.

Plot twist: MTI relocates to Brazilian jungles and sets the bot to work.

 

[quovadis]

Well that might be your manner of discussion, by calling someone an ignorant fool. But there are numerous places on this planet that are conducive to such business with minimal regulatory interference.

You’re the one suggesting that there are safe havens for ponzis and comparing them to licensed online gambling organizations. It would interest me to know which countries are friendly to organizations that do not wish to comply with basic company fiduciary duties?

 

[quovadis]

I understand that you are defining requirements according to the current legal entity registered in SA - Do you know the nature of the new entity established, perhaps not even registered in some other location.

I’m extremely familiar with offshore havens and structures and I assure you that any company providing MTIs alleged service would be subject to some form of scrutiny and are subject to international treaties specifically including exchange controls, aml and related financial controls.

 

[quovadis]

It amuses me how people make small twists in type to push a point. No-one compared anything to licensed online gambling organizations.

You provided an example with reference to online casinos and their clientele as if those operate outside of the jurisdictions which they are licensed within.

 

[quovadis]

Sure, there are no illicit operations in our world - they are all under control and regulated.

So MTI is now illicit? Well then they might as well continue their criminal enterprise wherever they can avoid extradition.

 

[quovadis]

It doesn't change the fact that I specifically stated unlicensed casino's and you decided to change that to licensed casinos.

The majority of licensed casinos are unlicensed for the jurisdictions which their customers reside in. That still does not negate the need to comply within the country in which they operate from.

 

[John Tempus]

I thought the original server was in India, and has now migrated - to where?. Is there positive confirmation by ip of it's location? In any event, currently Cryptocurrencies are not regulated in India, if that;s where it is physically located.SA i now a jursidiction with the intent of regulating crypto,

LMAO you are a complete moron. I do enjoy reading your bs though.

It doesn't matter "where" they "host" their website or the physical location of the bitcoin wallet, they will be regulated based on their company location and their citizenship.

 

[John Tempus]

With all your knowledge - do you think it possible for me to run an operation just like MTI, without actually registering any company, and using crypto.

I find it incredible that you actually manage to figure out how to breathe based on your comments so far in this threat.

So for that I give you a gold star.

 

[quovadis]

With all your knowledge - do you think it possible for me to run an operation just like MTI, without actually registering any company, and using crypto.

Sure, you can run a ponzi in your personal capacity. It doesn’t negate your liability or limit your own compliance. Think Silk Road, he ran a crypto based marketplace for all sorts of dodgy goods. Crypto, unregulated! Still didn’t end well for him despite crypto being unregulated.