Mirror (non)Trading International 2 - The Fallout

[aofafrica]

There was a social media post at one point just after she bought the house I think that she bragged about the big box of Lindor that she was eating.

That birthday cake was also covered with them.

 

[Spxdxrbxtxs]

Assuming the balance is calculated from actual deposits and withdrawals and the fictitious profits (I'm inclined to think the backoffice is probably legit from an accounting point of view) then at about 20,000 BTC and about 1% profit per day, with 65% (40%+20%+5%) of the profit going into the balance you'd expect growth of the balance to be about 80 BTC per day and then 250 BTC extra on the weekend when bonus are paid, even if no-one is depositing.

If it's growing slower (would need to calculate daily based on a published profits) then withdrawals are exceeding deposits. Or maybe the number is just made up and has nothing to do with people's backoffice balances.

The Bot doesn't trade on weekends so theoretically if people put in payment requests on Friday then by Monday the balance should start going down until the trader's earnings are reflected?

 

[D@leW]

We have such a pool of expert knowledge on this forum and today I need to tap into this knowledge to get some clarity.

I presume a couple of member on this forum have family that invested (the way it is going I think donated is more appropriate) in MTI (Money Thieving International). I spoke to them and try and convince them of the scam that they are involved in, but we know the drill by now, non-investors are idiots and they do not understand the principles of investment, bla, bla, bla…….

But these family members have multiple fake downline members that they created to get the referral bonuses back on these fake accounts.

What I observed from the leaked data is that this one family member created fake accounts as his downline in the name of my deceased father, mother and grandfather.

Now my question – can I as the representative of each parent’s estates submit a claim to MTI and demand that the money invested in their names be paid over to the attorney that dealt with the estate of my parents and grandparent? Is there any legal ground for such a claim?

I think if I should submit such a claim this family member will sh*t himself – if successful I think I will sh*t myself.

You could open a case of identify fraud with SAPS. You can't actually claim the money on behalf of the relative I don't think since it isn't theirs, and other than MTI Leaks you have no proof of the existence of the account.

You could approach MTI with proof of identify and request access to the funds, seeing as it's in the person's name, but I doesn't see MTI co-operating in a useful way with that approach, because that's something a legit business would do. Remember they have no actual way to link accounts to people other than email address because there's no KYC.

 

[james3539]

I wonder of the hoofdrol fiddled with the withdrawal system. I see messages on all the telegram groups saying there are problems.

 

[Spxdxrbxtxs]

I wonder of the hoofdrol fiddled with the withdrawal system. I see messages on all the telegram groups saying there are problems.

This came out earlier -

Poor Johann...such a challenging week for him View attachment 944162

 

[donjones]

@Spxdxrbxtxs maybe this report could be added to the wiki? They categorically refer to MTI as a scam on page 21. I know it was discussed in the previous thread but maybe fell through the cracks?

https://go.chainalysis.com/rs/503-FAP-074/images/2020-Geography-of-Crypto.pdf

Thanks for all you guys are doing the page is looking great.

 

[RedViking]

View attachment 944272
View attachment 944274 View attachment 944276 View attachment 944278 View attachment 944280 View attachment 944282

@Spxdxrbxtxs the screenshot proof you required. It was just such a LONG message that at the time (26 October 2020) I copied and pasted. Sorry about that.

Hectic. I love how they say "this is extremely important to you as an individual to understand whom to trust".


As if years of similar schemes, including their track record is not enough proof.

 

[warrenpridgeon]

You could approach MTI with proof of identify and request access to the funds, seeing as it's in the person's name, but I doesn't see MTI co-operating in a useful way with that approach, because that's something a legit business would do. Remember they have no actual way to link accounts to people other than email address because there's no KYC.

Wonder how it would go down if you play back the phonecall where Cheri is demanding access to that one dude's dad's account that he was managing for him in I think BTCGlobal? LOL!

 

[LJ1234]

Hectic. I love how they say "this is extremely important to you as an individual to understand whom to trust".


As if years of similar schemes, including their track record is not enough proof.

Sorry for not posting the screenshots at the time...my bad for just copying and pasting.

 

[Wary GOM]

Ag flippit. People make spelling mistakes all the time. That is no proof at all. Just check the MyBroadband articles when they are released, and those articles are even checked by an editor.

Quite correct. It isn't proof in the strict sense. You are also correct about the mbb articles: check mine and you will see frequent spelling errors.
BUT the big difference is that none of these post is an advertisement of an investment opportunity. If an advertiser cannot make sure there are no errors, what is there to assure a customer that they are not going to be equally slip-shod over their products? Similarly, if anyone dealing with my money gives me anything with an arithmetic mistake, that is the end of my relying on them with anything to do with numbers.

 

[tetrasect]

an advertisement of an investment opportunity.

That alone is all the info you need

 

[John Tempus]

Ag flippit. People make spelling mistakes all the time. That is no proof at all. Just check the MyBroadband articles when they are released, and those articles are even checked by an editor.

True but last I checked MyBB have never tried to lure investors with silly offers.

Pretty sure even MyBB would manage to avoid these silly typos if they ever would try to lure random investors. ;-)

 

[DarKnyt]

I dont know enough about this but maybe someone here does.
Is POPI not a way to get members to sue MTI. Before their downfall?
Surely the data leak with everyone's names email addresses and details is a huge discrepancy?
I know plenty of people whose info was leaked and confirm the info was correct.

 

[Bandersnatch]

I dont know enough about this but maybe someone here does.
Is POPI not a way to get members to sue MTI. Before their downfall?
Surely the data leak with everyone's names email addresses and details is a huge discrepancy?
I know plenty of people whose info was leaked and confirm the info was correct.

Probably not. It only came into effect in July 20

 

[Spxdxrbxtxs]

@Spxdxrbxtxs maybe this report could be added to the wiki? They categorically refer to MTI as a scam on page 21. I know it was discussed in the previous thread but maybe fell through the cracks?

https://go.chainalysis.com/rs/503-FAP-074/images/2020-Geography-of-Crypto.pdf

Thanks for all you guys are doing the page is looking great.

Thanks- I'd originally loaded it under News articles - but without the graphic it loses its punch.

 

[Spxdxrbxtxs]

Wonder how it would go down if you play back the phonecall where Cheri is demanding access to that one dude's dad's account that he was managing for him in I think BTCGlobal? LOL!

Like a bowl of chxcxlxtxs

 

[justreading]

https://www.facebook.com/155297637834985/posts/3708937792470934

 

[justreading]

https://www.facebook.com/155297637834985/posts/3708937792470934

CROWD1 DOCUMENTARY:

BBC News Africa will be flighting a documentary this week about Crowd1 entitled “Unmasking the Pyramid Kings”.

More info at link below.

Unmasking the Pyramid Kings. The new #BBCAfricaEye investigation, coming 2 November. Subscribe to our YouTube channel now so you don’t miss it: ... | By BBC News Africa | Facebook

27K views, 164 likes, 2 loves, 29 comments, 62 shares, Facebook Watch Videos from BBC News Africa: Unmasking the Pyramid Kings. The new #BBCAfricaEye investigation, coming 2 November. Subscribe...

fb.watch

 

[Wary GOM]

Probably not. It only came into effect in July 20

Agreed, probably not for suing. However, were this a proper company, the board of directors would have raised the hack as an issue of potential POPIA problems and management would have had to report on measures they have taken to ensure that member's information is more secure than it has been. Can we anticipate that MTI has done more than grouse about the leak? Any member would be completely justified in asking searching questions of MTI management.

POPIA has scarily sharp teeth. Many clubs (in fact I would say possibly the majority) do not have nearly adequate measures in place to protect members. Similarly, I suspect that many companies with competent, wide awake legal departments or advisors who actually intend the company to survive more than a few weeks or months more are scurrying around putting in place adequate safeguards.

 

[Spxdxrbxtxs]

CROWD1 DOCUMENTARY:

BBC News Africa will be flighting a documentary this week about Crowd1 entitled “Unmasking the Pyramid Kings”.

More info at link below.

Unmasking the Pyramid Kings. The new #BBCAfricaEye investigation, coming 2 November. Subscribe to our YouTube channel now so you don’t miss it: ... | By BBC News Africa | Facebook

27K views, 164 likes, 2 loves, 29 comments, 62 shares, Facebook Watch Videos from BBC News Africa: Unmasking the Pyramid Kings. The new #BBCAfricaEye investigation, coming 2 November. Subscribe...

fb.watch

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