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Hi
ponzi is when you use new investors money to pay old ones vice versa... this is not at all what happens here... you have not done your homework properly broPonzi schemes always work until the "new investors" run out you guys
Listen to this podcast on Charles Ponzi really eye opening
Charles Ponzi Pt. 1: “The Father of Fraud”
<p>Italian immigrant Carlo Ponzi came to Boston in the early 1900's intent on making a name for himself. But as he struggled to make ends meet, he discovered a highly lucrative investment method involving the resale of Italian postage. Just one catch—there was no investment plan. </p><p>Learn...player.fm
We are now 30 000 members strong.. that should tell you something.
Bro thats cool - but ill gladly decline and leave you with this
mybroadband.co.za
mybroadband.co.za
Hey Snyper. you seem like a really nice guy & super keen to know how you make your crypto work for you?Bro thats cool - but ill gladly decline and leave you with this
Ponzi collected more than $8 million from about 30,000 investors, in just seven months, before the scheme collapsed
your 30k number means absolutely nothing here.. Why not work on your donwline somewhere else.
This is the same guy who sold kipi dreams maybe do your homework
Mirror Trading International
Hello Everyone I am curious if you are any one has heard of the company Mirror Trading International ? Their website: https://mymticlub.com/ Some how this seems like an official legitimate business. Registered with CIPC as well there are videos on youtube supposedly interviewing their CEO. A...Mirror Trading International
Hello Everyone I am curious if you are any one has heard of the company Mirror Trading International ? Their website: https://mymticlub.com/ Some how this seems like an official legitimate business. Registered with CIPC as well there are videos on youtube supposedly interviewing their CEO. A...
I make my own crypto work for myself I have been in this game for years already, I just dont trust my crypto in someone elses hands.
Help me do the homework. If the profit's aren't coming from new members, where does it come from?
go well , i have more important things to attend to
Sure, no problem
Don't ask me I'm asking him, but he had better things to do and left swiftly
Recruitment Commissions
Johann Steynberg doesn’t appear to have a forex trading background, so it is unclear where and how Mirror Trading International is trading.
Simply put illegal then, guess we all on the same page thenThink this website review of Mirror Trading International is very informative ... https://behindmlm.com/mlm-reviews/mirror-trading-international-review-forex-trading-daily-returns/ - Content of the review pasted below for ease of reference:
Mirror Trading International Review: Forex trading daily returns
Mirror Trading International operates in the forex trading MLM niche.
The company is incorporated and based out of South Africa. Heading up Mirror Trading International is CEO and founder Johann Steynberg.
Prior to founding Mirror Trading International, Steynberg (right) was promoting Syntek Global.
Based on his Twitter account activity, at some point Steynberg took an interest in cryptocurrency.
Earlier this year Steynberg was advertising a “turn $25 into $75 over and over again” opportunity on Twitter
Guess that didn’t work out.
Read on for a full review of Mirror Trading International’s MLM opportunity.
Mirror Trading International’s Products
Mirror Trading International has no retailable products or services, with affiliates only able to market Mirror Trading International affiliate membership itself.
Mirror Trading International’s Compensation Plan
Mirror Trading International affiliates invest $100 or more on the representation of perpetual trading returns.
Recruitment Commissions
Mirror Trading International affiliates earn a 10% commission on funds invested by personally recruited affiliates.
Residual Commissions
Mirror Trading International pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
How many binary team levels a Mirror Trading International affiliate earns residual commissions on is determined by how much they’ve personally invested:
Residual commissions are calculated weekly, based on 20% of company-wide generated returns.
- invest $200 to $999 and earn residual commissions down ten binary team levels
- invest $1000 to $4999 and earn residual commissions down twenty binary team levels
- invest $5000 to $9999 and earn residual commissions down thirty binary team levels
- invest $10,000 or more and earn on your full binary team (unlimited depth)
Mirror Trading International states that of the 20% set aside, affiliates earn their share based on “the total business your team structure contributes”.
Although not explicitly clarified, residual commission payouts are clearly based on binary team investment volume.
Joining Mirror Trading International
Mirror Trading International affiliate membership is tied to a minimum $100 investment.
Full participation in the attached MLM opportunity requires a minimum $200 investment.
Note that all fund transfers within Mirror Trading International (both paid and received), are made in bitcoin.
Conclusion
Mirror Trading International combines pyramid recruitment with a passive investment opportunity.
Johann Steynberg doesn’t appear to have a forex trading background, so it is unclear where and how Mirror Trading International is trading.
This is important because Mirror Trading International’s passive investment opportunity constitutes a securities offering.
Securities in South Africa are regulated by the Financial Sector Conduct Authority.
Although Mirror Trading International might be incorporated in South Africa, neither the company or Johann Steynberg appear to be registered with the FSCA.
This means that Mirror Trading International is operating illegally in South Africa.
Indeed if Mirror Trading International is not registered with securities regulators in every jurisdiction is solicits investment in, the company is operating illegally worldwide.
The only reason Mirror Trading International would opt to commit securities fraud is if they aren’t doing what they say they are. Namely paying returns from trading revenue.
Part of securities regulator registration is providing audited accounting demonstrating trading revenue being actually used to pay returns. Mirror Trading International would also have to make disclosures regarding what happens to investor funds to their investors and the public.
Again, this is not optional. By failing to register and providing disclosures, Mirror Trading International is committing securities fraud.
As it stands the only verifiable source of revenue entering Mirror Trading International is new investment.
Using new investment to pay existing affiliates a daily return would make Mirror Trading International a Ponzi scheme.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Be informed and decide for yourself .....
Thanks
For someone that does their research you have inadvertently breached the terms and conditions of mti by that very comment. Gotta love this term
Suspect quite cleverly hidden (the actual terms) and most would more than likely just tick the tab and accept conditions without reading them.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):[/SIZE]
Both likely
