Mirror Trading International

Status
Not open for further replies.
I think what he meant was how do you trade forex only using btc. One of crypto scams videos which shows proof of the trading shows forex pairs ie. usd/eur . There is no btc involvement at all it seems. Obviously the spreadsheets are faked.

View attachment 872597

Funny screenshot.

Keep in mind that demo accounts at any of the MT platforms will print out trading results just like that similar to real trading account.

Also the trading volume reflected is hilarious. If they are working with close to 10k BTC in balance that needs to be flipped entirely every single day in order to credit every person invested with their % gains that would not be possible with that hilariously small tradingvolume shown in that gullible statement.
 
What do you do if you've been part of every possible scam over the past 5 years? You learn from your mistakes and reinvent your concept at every opportunity you get. Resetting give you the chance to do things even smarter...

Here's my concern: Clearly the amount of BTC sent to MTI is a substantial number. Assuming Steynberg is getting more clever every day, he's been skimming off the top from day 1, mixing and chopping them coins to multiple addresses, way too complicated for any SAPS member or Hawk to trace. If he's really smart, he won't exit to fiat since a warrant will force Luno/Valr/Binance to divulge his identity.

He's had lots of time to plan his exit. Wallet hack cover/mysterious death in a remote Indian village with all keys lost/Ledger Nano's destroyed in a boating accident. What will be the next chapter?
 
What do you do if you've been part of every possible scam over the past 5 years? You learn from your mistakes and reinvent your concept at every opportunity you get. Resetting give you the chance to do things even smarter...

Here's my concern: Clearly the amount of BTC sent to MTI is a substantial number. Assuming Steynberg is getting more clever every day, he's been skimming off the top from day 1, mixing and chopping them coins to multiple addresses, way too complicated for any SAPS member or Hawk to trace. If he's really smart, he won't exit to fiat since a warrant will force Luno/Valr/Binance to divulge his identity.

He's had lots of time to plan his exit. Wallet hack cover/mysterious death in a remote Indian village with all keys lost/Ledger Nano's destroyed in a boating accident. What will be the next chapter?
Irony is that MTI takes 0.1 percent a day that's about 2.5 million just on that portion alone... It's part of profit split
 
"Well crafted" Ponzi schemes can run for years. It's in the interest of those involved to keep the status quo for as long as possible, but there's always one event that tips the tray. Just a little at first, but then more and more until some point where all the glasses slide to the side and the tray flips.

If you are unable to keep the members happy, or some regulator gets their teeth into you, it's over. And when the panic sets is, there's no stopping it - eventually the fog lifts and the emperor has no clothes...
 
43 Plein Street is a very prestigious address in Stellenbosch. Doppio Zero coffee shop and a very trendy bar on Ground Floor, RMB Private Wealth meeting suites above.
 
Lol nothing mentioned about the Texas matter what a joke.. oh yes and this...

1594410460478.png
 
I thought the Strand building was empty, but according to Jaco, one of the employees it is operated by Gerald and Liz Lassen.

liz.PNG

It might be this Jaco. Jaco if you are reading this, please say hi ;)

jaco.PNG

edit: In this screenshot Johann Steynberg is using Johan Kruger's zoom account.
 
I searched for this Gerald guy and found his team's Youtube channel called Team Epic.

I scanned through one of the videos and they (Presenter Ian Simons) actually mentionend that the first person has now maxed out the possible bonus earnings per week at the end of June, or thereabouts.

Maximum bonus stated in MTI's Terms is : "Your maximum binary pay-out will be capped at $75000 USD worth of Bitcoin per week"

Let that sink in.... About R5m a month in bonusses.

maxed.PNG
 
A Stellenbosch-headquartered company has been fingered by the Texas Securities Commission as a "multilevel marketing get-rich-quick scheme" and provisionally ordered to cease from trading in the US state.

Mirror Trading International (MTI) describes itself on its website as a "trading and networking company" that makes use of the cryptocurrency Bitcoin as its "base currency and to pay member bonuses".


It says that it offers "passive and sustainable income" to users to sign up to use the service, and they can expect a "reasonable daily profit". The group says it has 90 836 members in 184 countries.

But Texas Securities Commissioner Travis J. Iles alleged in a statement this week that the company is "recruiting multilevel marketers to illegally sell fraudulent investments in a bitcoin and forex pool".

The Texas State Securities Office oversees the trade of securities in the state, as well as the registration of companies giving investment advice. It includes an enforcement division which can initiate civil or criminal action.

In an emergency enforcement order, Iles said investments in cryptocurrencies and forex are classed as securities, and Mirror Trading cannot offer them to Texans without being registered. He further alleged that the respondents are engaging in fraud.

Mirror Trading is able to request a hearing to argue why the order should be set aside and not become binding. It will have to submit a notice by the end of the month.

Still active


But Mirror Trading, which is headquartered in Stellenbosch, wrote in an email to Fin24 that the matter is "under control".

"We are aware of the rumours and articles written about MTI in Texas and we have forwarded the matter to our communications and legal departments," said MTI in response to a request for comment by Fin24.

"We are dedicated to resolve this issue but would like to assure all members that we have every intention of working with regulating bodies to understand our model and to ensure that we service our members legally and effectively."

The group said all MTI functions were still active and members could still "benefit from the trades and you can still withdraw without cost".

"We have this under control and we look forward to having it resolved."

The group did not specifically reply to questions about whether they had received correspondence form the office of the Texas Securities Commission, or whether they intend to appeal the order.

According to the group's website, users can register on the site with a minimum of $100, which will go into a pool.

"From there it is traded on your behalf, so no trading knowledge is necessary at all. Each day from Monday to Friday, trades are opened and closed and you will receive a statement the following day, detailing the trades and the profit made," the website states.

It adds that daily profits are divided in a "sustainable manner".

The group says it has a "licence for sophisticated trading software which performs trades for MTI on the brokers platform".

Profits

MTI writes that "at this point" trading is realising a profit of "about 10% a month […] but this is a conservative quote and in reality the profits may be higher. We like to understate rather than promise the moon!"


The group's website also states that users will receive 10% commission if they refer someone to the site. It says building a team, meanwhile, is "where you stand to make some excellent money".

In its FAQ section, MTI says that it does not need new members to survive. "If MTI never got another member again, the trading would continue and members will continue to receive their daily profits."
 
Lol nothing mentioned about the Texas matter what a joke.. oh yes and this...

View attachment 872825

Well I am sold. You know an investment scheme is 100% legit when their best tier list using the words, "(infinity)" , lmao.

Keep an eye on how aggressive they get over the next days/weeks it would be a good indication how desperate they might be getting for new funds.

A company doing great does not need to do extensive advertisements.
 
"Let that sink in.... About R5m a month in bonuses."

HO .
Lee.

someone mentioned End of July . i read it and thought " pfft...that's being a little ambitious..."
i click a link on my whatsapp with the news report :

" okay... ENd of july sounds about right " .... :)

We got guys here who opened a branch , like the Strand one less than a week ago in prestigious Hartenbos .
1 doing Crowd, the other doing Massively Terrible Investment.
I really hope the Death of this story doesn't leave any blood on the carpet .
'Been following this link ,since Page 6 , a massive Shoutout to every one who contributes Information .I can only imagine how many people have been saved from tragedy .
 
I thought the Strand building was empty, but according to Jaco, one of the employees it is operated by Gerald and Liz Lassen.

View attachment 872841

It might be this Jaco. Jaco if you are reading this, please say hi ;)

View attachment 872843

edit: In this screenshot Johann Steynberg is using Johan Kruger's zoom account.

Its fascinating to me how the people running these scams turn into fat neck wobbling trolls over time as they move from one scam to another. It is either stress eating being concerned at any point it might collapse or its eating their ill gotten wealth away.

I saw just a year or two ago both Cheri Ward and Johan Steynberg were in much better shape and now Cheri looks like a balooga whale and Johan lost his chin.
 
"Let that sink in.... About R5m a month in bonuses."

HO .
Lee.

someone mentioned End of July . i read it and thought " pfft...that's being a little ambitious..."
i click a link on my whatsapp with the news report :

" okay... ENd of july sounds about right " .... :)

We got guys here who opened a branch , like the Strand one less than a week ago in prestigious Hartenbos .
1 doing Crowd, the other doing Massively Terrible Investment.
I really hope the Death of this story doesn't leave any blood on the carpet .
'Been following this link ,since Page 6 , a massive Shoutout to every one who contributes Information .I can only imagine how many people have been saved from tragedy .

Unfortunately with get rich quick schemes even our thread is likely to draw more new users than preventing new users from signing up. Desperation have a strange ability to blind people who might find this thread that they will only read "Make big money" and completely ignore the information in here warning them not to signup.

The only way to really prevent people from getting involved in this is to push this far enough that these criminals get shutdown and prosecuted. Just shutting them down is not enough, people need to end up in jail for this to have any positive outcome.
 
"I saw just a year or two ago both Cheri Ward and Johan Steynberg were in much better shape and now Cheri looks like a balooga whale and Johan lost his chin. " Frikkin Hilarious John . Lolol

' The only way to really prevent people from getting involved in this is to push this far enough that these criminals get shutdown and prosecuted. Just shutting them down is not enough, people need to end up in jail for this to have any positive outcome. "

Toe graeme Minne gevang was JOhn , het hy Minder as n jaar Gesit vir bedrog . Die wet is hopeloos te Los Met hierdie klas van Diefstal . It's Absolutely , Unacceptable . I Watched people invest , taking out Second Bonds on their Homeloans, only to Watch it all disappear up in SMoke. 2010 . ANd Now This. 2020. I Mentioned This morning to a mate of mine that people Suffer From Short-term Memory Loss : 2030 , We'll be on here again discussing another platform Promising me My Porsche Boxster In BOnusses .

"Desperation have a strange ability to blind people " Oh 100 % . EK Sal vir jou se' : I was initially SO tempted , as DAy trading with Forex watching a dot Go up down Down Up up flatline , Up was simply too Complex for me , With covid 19 Putting me Squarely Fat on my Ass .


" Fat Neck Wobbly Trolls " . Oh Hell John , Your Chirps Are blooody hilarious .
I Hope JOhan can Run faster than his Trade BOt can trade , bcuz he's gonna Be needing That Skill soon .

HIm And Willie WIll Probably Buy Epsteins Island And live on Coconut Milk And bananas for the Rest of their lives .Thieving scum generally Tend to be as resilient as the smell of Pilchards or Redbait under your Nails .
 
Status
Not open for further replies.
Back
Top