Mirror Trading International

[Whyarewehere]

The legalities around this are as follows:

1. Liquidaters will summonseveryone



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.

This is what should happen, unfortunately most in positions of authority are too busy filling their pockets to institute the law. Just the fact that no admin of btc global has had any consequinces proves my point. Wish i was wrong though

 

[Whyarewehere]

Correctomundo. MTI claims that the trading profits that are given to members only accounts for 40% of the "actual" trading profit they make. So, at an average of 10% profit per month to the members, that must mean that the "true" profit they make on their entire trading capital must be 25%.
Given their current total apparent BTC wallet size, it follows that a monthly compounded trading profit of 25% will result in MTI owning every single BTC in existence in just over 3 years.

Now c'mon, that's just plain silly.

You just dont want us to be rich
And god bless

 

[Whyarewehere]

So, this is my story....
Some months ago, a friend who owed me some money offered to pay it in btc and then suggested I put it into mti. It was a relatively modest amount, for me anyway. And so I did. I've never believed in these type of investments. I was curious. When questions started arising about a week or so ago, I closed my mti account and transferred the proceeds back to my btc wallet. There was no problems doing this. It took less than 48 hours before my btc arrived in my wallet. In the 5 weeks I was invested my btc increased by about 20%.
I still don't believe this is sustainable and I believe a lot of people are going to lose a lot of money when this thing eventually implodes....soon. My advise, do what i did and exit now.

I had ample opportunity to "invest" in a lot of these scams through the years, i knew they were scams, but i also knew that if i got in early and was at the top half of the pyramid, that i could make money and lots of it. Problem was that i have a conscience, i knew that i would be getting money someone else would be losing. I suppose most hyip followers will say even investment and trading is the same, someone has to lose for someone to win. However there is a difference in someone promising a return and taking a risk. Anyway, for me personally i can never put money into these scams as then i might as well break into my neighbours house and steal his stuff, same difference.

 

[r00igev@@r]

how about the Freudian slip at 1:51:58

Great spot

 

[Whyarewehere]

Not true, don’t forget the “bot” developer that’s being paid out for using the “bot”.

No one knows this person, not sure if Johan has even claimed to have met this person.


That’s the worst part... when this come crashing down you’re going to see a lot of people with some serious life problems... That’s really the kind of thing that can drive people to suicide and such.

Haha, and remember, they have a R&D department. We should have a competition to post a pic of the said department.

 

[Whyarewehere]

The uncle who just deposited 10,000 BTC, obviously. Oh wait, we were thought experimenting that this isn't a Ponzi scam. But bear in mind that since they make about 10% per month any referral bonus is quickly recouped, and with returns like that why would anyone stay in for less than a month? I therefore don't really see this as a big risk other than if the intent was to scam MTI for the referral bonus and then withdraw their bitcoin, and because of the delay they could easily block such a massive withdrawal and cancel the referral bonus.

Therein lies the trick to most ponzis, make it lucrative enough for people to never want to withdraw funds as they would be losing too much interest. This is why they can last for years.

 

[John Tempus]

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.

Its not "fair" but it is also impossible to figure out who went into the scam fully aware vs who went into it with blissful ignorance and that is why any and all proceeds pull out of the system will be considered for redistribution among all the "victims".

 

[John Tempus]

how about the Freudian slip at 1:51:58

Fascinating how useless they are and I bet this would find them even more stupid investors.

They keep going on about growth calculator LOL , they may as well just show them how to open a fking calculator on windows and type in 0.234 x 180000. WTF

 

[IndigoIdentity]

Haha, and remember, they have a R&D department. We should have a competition to post a pic of the said department.

I believe we have already found a winner...

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

View attachment 898960

 

[Wary GOM]

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

View attachment 898960

Looks a bit ragged around the edges - cannot be expected to trad 24/7 AND deal with all the negativity thrown at MTI.

 

[Wary GOM]

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.

If someone was repeatedly duped then they probably need a severe lesson - sort of weeding out financial fools from society. On the other hand, if they were aware that it is a crooked game and they keep helping fleece other player by their very presence then they are also culpable.

 

[Snyper564]

how about the Freudian slip at 1:51:58

This is pure gold... Spelling errors on their billboards this doesn't surprise me

 

[Wary GOM]

This is pure gold... Spelling errors on their billboards this doesn't surprise me

Spelling doesn't matter if you are making as much money as they are!

 

[IndigoIdentity]

how about the Freudian slip at 1:51:58

So i'm just wondering... If you know that there are doubts about something, you ignore the warnings and willingly promote it anyway... Does that not make a strong case for culpability?

 

[Wary GOM]

I don't know where it would put one legally - probably far too little incentive to do all the follow-up needed to show levels of knowledge that it was crooked. In my book it one would still be morally culpable. Weren't some of the people around Maddoff considered to have been culpable?

 

[IndigoIdentity]

If someone was repeatedly duped then they probably need a severe lesson - sort of weeding out financial fools from society. On the other hand, if they were aware that it is a crooked game and they keep helping fleece other player by their very presence then they are also culpable.

Define financial fool?

Pensioner with early stages of dementia perhaps? I guess it's important to note that it's not always a fully reasonable or mentally sound person who gets affected by things like this, duped is a good word... This is why the laws exist, they are there most generally in order to protect the most vulnerable?

 

[Whyarewehere]

Define financial fool?

Pensioner with early stages of dementia perhaps? I guess it's important to note that it's not always a fully reasonable or mentally sound person who gets affected by things like this, duped is a good word... This is why the laws exist, they are there most generally in order to protect the most vulnerable?

Lets be honest, most people that come on here to defend mti or the people i meet on telegram that are fanboys, are not and were never duped. They are good at getting members under them and they are greedy as hell and just want to make more money no matter the cost.

 

[donjones]

View attachment 899056

So i'm just wondering... If you know that there are doubts about something, you ignore the warnings and willingly promote it anyway... Does that not make a strong case for culpability?

Interesting that one of the search tabs is for James Brown and Matthew (Rosa). Two poster boys from an MLM that attracted investors by declaring a vast income but with no back-up. Learning from the masters I suppose...

iMarketsLive Financial Document Debunks Income Claims - Truth in Advertising

MLM’s long-awaited income disclosure statement, while confusing, packs some hard truths.

www.truthinadvertising.org

 

[zerocool2009]

Define financial fool?

Pensioner with early stages of dementia perhaps? I guess it's important to note that it's not always a fully reasonable or mentally sound person who gets affected by things like this, duped is a good word... This is why the laws exist, they are there most generally in order to protect the most vulnerable?

Laws against stupidity? If somethings to good to be true, walk away!

If you are desperate.... and invest in something like this? Who is to be blamed but yourself?

 

[IndigoIdentity]

Lets be honest, most people that come on here to defend mti or the people i meet on telegram that are fanboys, are not and were never duped. They are good at getting members under them and they are greedy as hell and just want to make more money no matter the cost.

Those are the ones you hear from... There are multiples of that number that you won't ever hear from... In that number there are the actual victims here.