Mirror (non)Trading International 2 - The Fallout

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Wary GOM

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soulie said:
South African law is not close to what is seen on tv and judge judy .it doesnt work like that here .they cant just arrest .well they can but it will backfire .the evidence has to be rock solid thats why its taking so long for any answers .SA has some very good lawyers that will pick apart evidence on a cellphone .as altered.planted etc even video footage is not reliable .tangible proof has to be held in the hand .close family members are attorneys and directors of law firms and they are very slow and methodical in all that they do.i also know a few forensic specialists and "lie to me "specialists .nothing is quick.
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It pretty well comes down to SARS to clamp hold of the money. FSCA can probably not do much more than sift through for rock-solid evidence to hand to the Commissions that deal with trade etc etc.
 
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Wary GOM

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tetrasect said:
The point is they should have stopped them from doing business until the investigation is complete.

At the very least they are guilty of non-compliance and should be shut down and arrested for that immediately, while the investigation into fraud, money laundering, theft, tax evasion and many more crimes continues.
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At the very least they need to get a court order forbidding MTI from any transaction until the investigation is completed.
 
soulie

soulie

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Wary GOM said:
It pretty well comes down to SARS to clamp hold of the money. FSCA can probably not do much more than sift through for rock-solid evidence to hand to the Commissions that deal with trade etc etc.
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SARS must have allready taken note .impossible not to have read about it .once again may just be waiting to pounce .the vat implications are massive .sars wont want to lose out on that .(loose)wahaha..all good .
 
adslrouter

adslrouter

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Def-e-nition said:
Agreed.
One of the trainers is a friend of mine. refuses to disbelieve. It's gotten so bad now , that when i Post about ScaMti i have to exclude roughly 5 , 6 of my mates all involved , purely because they fully believe I'm on a personal attack streak to snubb their business: and this after they have through the years , supported me .
I might be poor: i'm no skelm , and by saying skelm:they take it personally .
My moral compass is in order.Theirs;not so much .
Guess i'll be the douche then and keep my moral compass intact. if they can promote:i can anti-promote ?
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sad part is, they will make money out of this

later, when it crashes, they will ooh and aah

then the hole thing dies a slow death, but they still made good money out of it, and they jump onto the next one
 
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notayoba

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Venator said:
Plett, Mosselbay, and George seem to be quite the hotspot for this crap. Must be something in the water.
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Must be. People are going nuts. Please enjoy a short compilation of Plett people's Facebook comments. Keep in mind all these comments were made AFTER the bust. So no more pleading ignorance.


"Go MTI!
STICK IT TO THE MAN!"

"Want to be Financially free.... with a legitimate company...causing waves in the conventional finance sector... taking on the BIG guys ...for US the people!!"

"MTI will stand like an immovable rock. Listening to CEO Johann Steynberg last night I feel honored to be a Member in this company. The man is a gentleman the epitome of a leader."

"Great company and excellent team leaders"

"MTI is the future of investments."

"mti is legit en het niks om weg te steeki.... ek maak nogsteeds geld. Nie telaat om te join nie"

"the Bullies of the FSCA raided their offices in the hope to find some BS excuse to try and close yet another "people's" company."
 
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Def-e-nition

Def-e-nition

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Venator said:
Plett, Mosselbay, and George seem to be quite the hotspot for this crap. Must be something in the water.
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we have 2 flavours here :
shill water
and divorce water .

Both end up in you F#$king someone over.

I tell you: I stay clear of the water here , but My brandy account over the last few years has shot through the roof ....
:giggle: :ROFL: :ROFL:
 
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Wary GOM

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tetrasect said:
They could have charged them for non-compliance alone, regardless of any other "evidence" no?

The following extract from the The Financial Advisory and Intermediary Services (FAIS) Act (section 36), outlines the consequences of non-compliance:

Any person who---
(a) Contravenes or fails to comply with a provision of section 7(1), 8(8), 13(1), 14(1), 18, 19(2) or 34(4) or (6); or

(b) in any application in terms of this Act, deliberately makes a misleading, false or deceptive statement, or conceals any material fact,

is guilty of an offence and is on conviction liable to a fine not exceeding R10 000 000 or to
imprisonment for a period not exceeding 10 years, or to both such fine and such imprisonment.
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That is my understanding of it. [Disclaimer: I am not a lawyer; this is not legal advice. I am flexible of purpose, so Cheri, feel free to contact me for a possible way out of the current unpleasantness.] :ROFL: :ROFL: :ROFL: ;)
Speedster said:
I think the problem with that is nothing formal happens in MTIs name.
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You are probably right, although there must be a trail from member's wallet to the pool wallet or wherever you have to send the btc. Similarly but probably more easily hidden, btc must be moved from MTI to the member's wallet.
Hmmm. If members' withdrawals come from one of the many different wallets then it will be the member who will take the complete hit from SARS.
Once again the inner circle gets away scot free. We really need to make sure that whatever we post doesn't do anything to weaken the case.
 
Snyper564

Snyper564

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Just want to explain something from a tax perspective
Buy 1 btc at 100k leave in Mti recruit etc now that 1 BTC is 5 BTC You withdraw the full 5 and sell at 500k.

YOU ARE LIABLE FOR TAX ON 400K in full at income tax rate NOT CGT

These guys buying cars etc hope you kept the tax money...
 
InvisibleMan1

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expedite said:
I know what you mean, but actually the company owns it. Don is the director. In a property owning company it is like a manager (a wee bit more). Clynton & Cheri most likely in some way own the company.,( you would need to obtain a court order to know who the shareholders are).
The company clearly does not trade, hence it's funds arose from shareholder loans. I'm guessing that the company does not even have a bank account and that payment was made to the seller from some or other account belonging to one or both of them.

I have done literally hundreds of these transactions for non-ponzi clients and it simply so that assets are not exposed to risk.
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Simply that they still use the "Gardener" to front for them and to hide their assets is what I meant. Important to know the connection between Don and Clynton. He is not just some random dude who happens to be the sole Director of a company that just happens to own the house they are living in!
 
adslrouter

adslrouter

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Def-e-nition said:
And yet: seasoned traders , not necessarily good ones , are all involved .
Hook .
Line.
And sinker.

#porquejusttrust.
ffs.
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have to ask yourself if they really traded with success, these "seasoned traders" involved

remember that a large % of the recruiters in these businesses, lie about their past and experience, maybe everything

any half seasoned trader should know that it is fake, too many things not adding up

...........they see money and disregard the truth
 
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expedite

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InvisibleMan1 said:
Simply that they still use the "Gardener" to front for them and to hide their assets is what I meant. Important to know the connection between Don and Clynton. He is not just some random dude who happens to be the sole Director of a company that just happens to own the house they are living in!
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:) I know, believe me. It absolutely never is a random dude.
 
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Inquisitiveone

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Sent out earlier:

Dear Members

We are aware that there is a minor glitch on the back office where your withdrawal is showing in your WALLET TRANSACTION HISTORY but not on you WITHDRAWAL WALLET where you would normally see it with the countdown timer. Please do not cancel and resubmit the withdrawal, it is being processed we are just working on the bug that allows you to see it in your back office. As soon as we have resolved the viewing problem you will see it again in your WALLET WITHDRAWAL tab.

Your patience is greatly appreciated.

Kind Regards
MTI Support Team

What work was being done in the first place to have impacted this function?
 
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