Mirror Trading International

[Dr Ong]

Pyramid scheme participants will not be compensated, says consumer commission

The Consumer Protection Act is clear, nobody can directly or indirectly promote or knowingly join, enter or participate in a pyramid scheme.

www.google.co.za

 

[r00igev@@r]

Works through loadshedding only with 14.6V adapter (sold separately).

Copy button slightly tarnished from repeated Ponzi scams with same script.

View attachment 898974

#myfok I see someone has left the demo button on all this time.

 

[D@leW]

Forfeited to the state

That makes no sense. So if I were to put in 1 BTC, take it out, put it back in, take it out, repeat a total of ten times, I'm liable for 10 BTC? Not saying that's not the law, only that it's bonkers.

 

[r00igev@@r]

you must have missed my earlier photo of the bot, sooo here it is again....

View attachment 898960

Is he playing Leisure Suit Larry?

 

[IndigoIdentity]

Pyramid scheme participants will not be compensated, says consumer commission

The Consumer Protection Act is clear, nobody can directly or indirectly promote or knowingly join, enter or participate in a pyramid scheme.

www.google.co.za

So essentially, true victims get pennies on the dollar and the people who orchestrated and promoted the scam lose everything that they have left? Likely that would be nothing due to an early exit else the state has to actually go after them to recoup the money they had taken out? given this is BTC, chances of recouping this are 0?

Well thought out plan I tell you, this lot are really no dummies.

 

[D@leW]

Is he playing Leisure Suit Larry?

They did a remake of the original in 2013 but I didn't play it for fear it would ruin the fond memories of the original.

 

[Dr Ong]

So essentially, true victims get pennies on the dollar and the people who orchestrated and promoted the scam lose everything that they have left? Likely that would be nothing due to an early exit else the state has to actually go after them to recoup the money they had taken out? given this is BTC, chances of recouping this are 0?

Well thought out plan I tell you, this lot are really no dummies.

They are dummies, they go around boasting how much btc they have in the pool. They’ll need to prove it. They are the scum of the earth, they would steal from their own mothers.

 

[IndigoIdentity]

They are dummies, they go around boasting how much btc they have in the pool. They’ll need to prove it. They are the scum of the earth, they would steal from their own mothers.

Need to prove nothing, just have faith for a bit longer so the exit strategy can be finalized.

This isn’t their first rodeo though, they have been through this before and came out standing on two feet, you think they are so dumb that they couldn’t pull this off again? It’s already happening, just wait for the oh no our bot developer has stolen everything with the help of those pesky Russian hackers. We lost everything too guys, not that you’d ever be able to validate that but hey we have a new opportunity that’s really a good investment, bring what BTC you have left...

 

[r00igev@@r]

I see at 47min she references neno's favourite pass time. Lambos. I'd seriously consider it if they bought me a Massey Ferguson tractor!!!

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[soulie]

Bwahahahahahaha - the punch cards did not give it away. I used the last of the punch card machines at Maties in 85.

Ive still got a shoe box full of floppy games if needed

 

[soulie]

Is he playing Leisure Suit Larry?

Oooooh mthat was a wicked game .

 

[Bill Clitnon]

 

[aofafrica]

These MTidiots are everywhere
They truly believe they have personally achieved something.

Self-congratulatory cheerleaders commenting on everything. It is quite disturbing and "cultish".

Even Tesla shareholders don't behave like this.

 

[aofafrica]

That makes no sense. So if I were to put in 1 BTC, take it out, put it back in, take it out, repeat a total of ten times, I'm liable for 10 BTC? Not saying that's not the law, only that it's bonkers.

Proceeds of criminal activity.
Assume you are "innocent" and the court orders liquidation and distribution of the scheme - liquidators still have to gather every cent they can and then split across debtors.

Because you have drawn and deposited multiple times gives you no greater right than the person who drew nothing and lost everything.

The fact that BTC is involved may only protect the more sophisticated.

 

[D@leW]

Proceeds of criminal activity.
Assume you are "innocent" and the court orders liquidation and distribution of the scheme - liquidators still have to gather every cent they can and then split across debtors.

Because you have drawn and deposited multiple times gives you no greater right than the person who drew nothing and lost everything.

The fact that BTC is involved may only protect the more sophisticated.

Oh right, that makes sense. Not entirely sure it's fair, as in if you get duped for longer you should get less than someone who figured it out almost immediately and withdrew their capital immediately, but then since when is the law fair? I expect in reality it'll be almost impossible to trace all the people who contributed and they wouldn't bother going after anyone who only put in a small amount, assuming they can be bothered to go after anyone.

 

[upup]

According to the video they have a proven track record. And this Johann Steynberg is the man.

 

[james3539]

The legalities around this are as follows:

1. Liquidaters will summonseveryone

Proceeds of criminal activity.
Assume you are "innocent" and the court orders liquidation and distribution of the scheme - liquidators still have to gather every cent they can and then split across debtors.

Because you have drawn and deposited multiple times gives you no greater right than the person who drew nothing and lost everything.

The fact that BTC is involved may only protect the more sophisticated.

Correct.

1. The liquidators will knock on your door for every payout. Irrespective if it was 'profits' or 'capital' everything must be paid back. (Insolvency Law)

2. Then the receiver will knock on your door for his part. Here comes the kicker, payouts are taxable, losses are not deductible. Ouch Ouch.

 

[NarrowBandFtw]

@PsyWulf Here are some more videos
This guy does an excellent job explaining why MTI is a financial service that should have a FSP number.

how about the Freudian slip at 1:51:58

 

[Whyarewehere]

Anyways, to me it is becoming abundantly clear that MTI is a concoction of carefully crafted and meticulously prepared methods of money extraction.

In other words, A very well planned scam.

At some point there was likely a meeting that went something like:

- we know bitcoin and ai are the current hype
- we know pyramid schemes can make money
- we know if we mix mlm into this that we can extract larger volumes
- we know that if you want to grow a big business then you need a cult following

You’re dealing with people who have amassed a lot of experience here when it comes to money extraction.

There is literally no way that this so cult like simply by chance... No no no, someone has literally studied cult psychology and incorporated this into the operational tactics.

It is actually a really well thought out plan and I’m sure their exit strategy is too.

I could have read nothing in all these pages and in stead could have googled the people involved and i would have known its a scam. Like they say, a leopard does not change its spots, and so many leopards in one building.

So im at the stage where people must just looze their money already because they just refuse to listen. First rule of the cult, you never leave.

 

[Charles Ferris]

Since you have admitted to benefiting from a pyramid scheme please keep that 20% handy since you may be required to hand it over.

did I say 20% ? I meant 2%