Please humour me for a minute and perhaps you can provide a view or opinion.
Hypothetically, as it currently stands there are two scenarios/versions of the MTI sage (whether true or false they are arguably not determined legally).
- MTI is a legitimate business with regulation and license issues and probable transgressions of various laws. Notwithstanding that, they have asserted that they are a victim of deception by a single actor and perhaps accomplice(s), the entire scheme is legitimate but cannot continue as they may have fled with the member’s pooled funds.
- MTI is criminal enterprise and ponzi that deceived its members and that many are complicit in this scheme some more than others.
My concern is this - In the absence of a legal determination of either then surely the value of the claim which is submitted by the investors to the liquidators as part of the nomination process and possible claims process would be the balance outstanding amount including any interest/bonuses etc up until the date of provisional liquidation?
Surely that would the be status quo in terms of the liquidators until such time as the facts are determined at which time the claims would be revised accordingly in line with recoveries of such schemes?
Sign up with Google
