Mirror (non)Trading International 3 - Freemasons,Russians,and no bitcoins

Status
Not open for further replies.
M

Mys

Well-Known Member
Joined
Apr 16, 2011
Messages
184
I am very glad that this Ponzi scheme finally collapsed. I posted something in the first thread and was getting a bit despondent that it was taking so long to run it's course.

The reality is that if you wanted to stick your head in the sand and ignore all the clear signs that this was a collapse waiting to happen then (I hate to sound so harsh) you probably deserve to lose the money you invested. There are no shortcuts to making money and the basic economic theory that I learnt a while back still holds true:

There ain't no such thing as a free lunch.

Most of us that were following this drama from the first thread could see that JS was being setup as the fall guy. My only hope is that all the other bad actors will not escape any of the consequences unscathed. If they do, we need to make it a point to highlight the next scheme they move to ( we all know going to start something) and start raising the noise levels now.

The sad part about all of this is that bitcoin has picked up so well in value over the last year that a legit investment vehicle in Bitcoin would have done well for you.

Cheers to all the thread contributors who made this collapse a reality.

BTW - how high do the losses of this scheme rank compared to other ponzi investment schemes in SA? Obviously excluding the drama of VBS, Steinoff etc
 
Snyper564

Snyper564

Honorary Master
Joined
Oct 1, 2008
Messages
15,342
Mys said:
I am very glad that this Ponzi scheme finally collapsed. I posted something in the first thread and was getting a bit despondent that it was taking so long to run it's course.

The reality is that if you wanted to stick your head in the sand and ignore all the clear signs that this was a collapse waiting to happen then (I hate to sound so harsh) you probably deserve to lose the money you invested. There are no shortcuts to making money and the basic economic theory that I learnt a while back still holds true:

There ain't no such thing as a free lunch.

Most of us that were following this drama from the first thread could see that JS was being setup as the fall guy. My only hope is that all the other bad actors will not escape any of the consequences unscathed. If they do, we need to make it a point to highlight the next scheme they move to ( we all know going to start something) and start raising the noise levels now.

The sad part about all of this is that bitcoin has picked up so well in value over the last year that a legit investment vehicle in Bitcoin would have done well for you.

Cheers to all the thread contributors who made this collapse a reality.

BTW - how high do the losses of this scheme rank compared to other ponzi investment schemes in SA? Obviously excluding the drama of VBS, Steinoff etc
Click to expand...
Krion - another family ponzi 1.5bn so this is the biggest

www.iol.co.za

Krion ring jailed

Crime boss Marietjie Prinsloo – the “Angel of Vanderbijl Park” – sat stone-faced in the dock when she was sentenced to an effective 25 years imprisonment for her role in masterminding Krion.
www.iol.co.za www.iol.co.za

1609189679326.png

Sounds like what we have playing out here

1609189788954.png
 
K

kooos

Member
Joined
Jun 18, 2010
Messages
26
Snyper564 said:
Krion - another family ponzi 1.5bn so this is the biggest

www.iol.co.za

Krion ring jailed

Crime boss Marietjie Prinsloo – the “Angel of Vanderbijl Park” – sat stone-faced in the dock when she was sentenced to an effective 25 years imprisonment for her role in masterminding Krion.
www.iol.co.za www.iol.co.za

View attachment 983930

Sounds like what we have playing out here

View attachment 983932
Click to expand...
So the MTI bxtches have enough money to stay out of jail forever ?
 
M

Mys

Well-Known Member
Joined
Apr 16, 2011
Messages
184
Well surely the info gathered now and what people put into the public domain vs the way you could cloud the truth in the past with ambiguity will be the difference?

I know courts still work in the old fashioned way but the depth of this scheme and how all the bad actors with past records took part in it should make this a slam dunk for the prosecuting authority in SA - I know the confidence is not great but there has to be a marker laid down for all aspiring Ponzi scheme creators.
 
W

warrenpridgeon

Senior Member
Joined
Oct 5, 2015
Messages
915
Mys said:
The sad part about all of this is that bitcoin has picked up so well in value over the last year that a legit investment vehicle in Bitcoin would have done well for you.
Click to expand...
I know someone that put R500k worth of BTC into MTI when BTC was like R180k... the would have had over R1 million now if they had JUST bought BTC and held it. I don't know if they got out when I warned them just before the data leak happened. They told me I was just believing what I read on the internet. Meantime I'm like "DAMMIT I AM THE INTERNET"
 
J

JSbot

Well-Known Member
Joined
Dec 20, 2020
Messages
239
Matata said:
One thing I have noticed from the people around me who caught was that they had blind trust in the good intentions of others. The worse thing is the people I saw get slaughtered were doctors, lawyers, and engineers of all people. People who I thought were rational in their choices. Yet, I had the fallacy and idiocy to think that.

My hypothesis is that the in good faith principle that gets abused with naive people in ponzis. People's trust and emotions seem to be the currency of decisions. It is like the signal theory where people look for the easiest answer in big uncertainty. That is why Peter Muller and all the other low energy top 100 shills like ignatius klok, lindtbollo can do what they do. They provide convenient and dumbed-down answers to difficult questions in life.

https://en.wikipedia.org/wiki/Detec...onditions or during eyewitness identificationBrief explanation of signal theory

Here is the idea of good faith I am talking about, I am not trying to speak legalese, so apologies for any LLB or labour law person I offended:
legal-dictionary.thefreedictionary.com

good faith

Definition of good faith in the Legal Dictionary by The Free Dictionary
legal-dictionary.thefreedictionary.com legal-dictionary.thefreedictionary.com


And yes I also agree that there are other valid reasons like PESTEL (political, economical, social, technology, economic and legal) conditions that lead people to these choices. As well a lot of deception and a lot of simpler reasons too.
Click to expand...
Ordinarily we have defences built around us - we build walls about our castles and these walls protect us from criminals and raiders. For a ponzi scheme to work we have to be attacked from inside our own walls, it's trusted family members, church members, friends that attack us from inside our own defences, where we don't ever feel the need for defence. That trust is the key to fanning the flames of a ponzi scheme.

All these victims ordinarily would recognize and defend against an external attack from beyond the castle walls.

It all has to start with an individual who is prepared to attack someone close to him, and from there it unwittingly burns like fire.
 
adslrouter

adslrouter

Well-Known Member
Joined
Apr 16, 2016
Messages
355
GetSmart said:
Thank you for the copy. It appears that thousands of people didn't take too much notice, piling in almost 10 billion rands. So a one-post wonder I am not; I am happy to explain to all, what a scam is, how to recognise it and what to do when one is entrapped in it. Which I regret, you didn't do.
Click to expand...
this thread asked the question, is mti a scam or not, January 2020 already

then supplied all the info, for everyone able to read and with a bit of common sense, to come to the conclusion as such

superman / catwoman -- where were you until December 2020 --- working on your professorship?

then enlighten us professor

*no hard feelings, just did not like your tone*
 
H

Hopfrog

Active Member
Joined
Dec 14, 2020
Messages
64
Speedster

Speedster

Honorary Master
Joined
May 2, 2006
Messages
21,676
Snyper564 said:
Krion - another family ponzi 1.5bn so this is the biggest

www.iol.co.za

Krion ring jailed

Crime boss Marietjie Prinsloo – the “Angel of Vanderbijl Park” – sat stone-faced in the dock when she was sentenced to an effective 25 years imprisonment for her role in masterminding Krion.
www.iol.co.za www.iol.co.za

View attachment 983930

Sounds like what we have playing out here

View attachment 983932
Click to expand...
Do we have any indication as to the total losses of MTI yet? Obviously deposits only, not the fake growth numbers.
 
Status
Not open for further replies.
Top