Mirror Trading International

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tetrasect

tetrasect

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ShirleyJames said:
I think we can also look at the Banks Act as the pooled funds can be seen as acting as a deposit taking institution. The fact that they offer returns based on US Dollars and the US dollars are included in the back end statements, they cannot shout "Crypto Immunity". The Banks Act is controlled by the South African Reserve Bank who I think does have the power to shut down a non registered deposit taking company...Just a thought
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According to the site below, charges that could be laid against the founders of such schemes, as well as any persons involved in the schemes who should have noticed that fraudulent schemes were taking place include: theft, fraud, reckless trading, forgery and uttering, tax evasion, contravention of the Gambling Act, contravention of the Companies Act and contravention of the Banking Act.

Pyramid schemes and other related practices: what you need to know. - Dommisse Attorneys Inc.

In terms of our law, a pyramid scheme is an unlawful practice in terms whereof the newest members fund the investments of the existing members. Read on here
dommisseattorneys.co.za dommisseattorneys.co.za
 
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Waldman Jordaan

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adslrouter said:
the regulators.....

do we, as the tax payers, uphold them?

Do they not owe us feedback on what is being done in this regard?

are they even looking into this?

who has definite answers here?

@Waldman Jordaan
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Wish I knew when too - looks like the law does not share the same urgency as us concerned citizens. Its a real shame. The quicker one close these schemes down, the less carnage it will leave behind and may well also discourage the perpetrators from re-starting something similar. Now they just go from one to the next.
 
LJ1234

LJ1234

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DesertWrangler said:
I wouldn’t read too much into this. They switch off like this every weekend, all weekend. The website usually comes back up late on a Sunday. Even the thing with the disappearing users, I think can be easily explained by them removing unfunded accounts. They have been quite open about doing that.
I would have been more excited about things going txtsxp, if they hadn’t gone into maintenance mode this weekend.
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Nope, they don't delete the unfunded accounts. This is seriously Hotel California...you can check out but never leave. My entire family withdrew in August after FXChoice and the FSCA made their announcements...just checked...our accounts are all still there even though it is sitting at zero.
 
LJ1234

LJ1234

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soulie said:
P

Can you imagine one of the big banks in SA telling you not to pester support ,the audacity of it ,typical cult ,we will and you will obey ,they are all complicit in this scheme and all must be held accountable before a court of law ,when this folds.
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If you ask too many questions...you are out of the group. Treated like naughty children :oops:
 
DesertWrangler

DesertWrangler

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LJ1234 said:
Nope, they don't delete the unfunded accounts. This is seriously Hotel California...you can check out but never leave. My entire family withdrew in August after FXChoice and the FSCA made their announcements...just checked...our accounts are all still there even though it is sitting at zero.
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By unfunded, I mean accounts that never had any funds in them. According to their T’s & C’s, accounts are removed if they aren’t funded within 7 days.
 
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Wary GOM

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It still amuses me when they say that "maintenance" is underway. It reinforces the idea that most members know so little (and want to learn so little about how their returns will be calculated) that a "bot" is a little Leprechaun buying and selling like mad and (s)he needs time off. Or they have really poor computer hardware that needs to be hand-fanned to cool off as the lies are calculated.
Of course, it could be that Johan, Clynton and others without chocky on fingers have to service the hand-operated calculating machines because they are overworked. [Does anyone else remember those old Facit calculators where you wound a handle backwards for subtractions and forwards for additions? All calculations were made in terms of additions and subtractions. Doing statistical calculations was a good workout for the arms! Clynton could benefit from using one of those to produce the pretty numbers the members lap up.]
 
tetrasect

tetrasect

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Looks like the whole of mymticlub.com is gone now. Previously it was just the main page that was redirecting to mirrortradinginternational.com but now all the pages are missing except for the userpanel login page.
Registrations don't seem to be working either.

First time I've seen a whole website shut down just to calculate a few numbers.

Doesn't even an average intel CPU do like 100 Billion instructions per second?
 
PsyWulf

PsyWulf

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tetrasect said:
Looks like the whole of mymticlub.com is gone now. Previously it was just the main page that was redirecting to mirrortradinginternational.com but now all the pages are missing except for the userpanel login page.
Registrations don't seem to be working either.

First time I've seen a whole website shut down just to calculate a few numbers.

Doesn't even an average intel CPU do like 100 Billion instructions per second?
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All the actual gruntwork is being done in the same poorly written php mess that was exploited in the first place,so can imagine the entire backend folding like a paperplane in a tornado when pushed
 
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Stumbled upon this MTI Bitcoin boss and realised that there is nothing anyone can really do about this. This guy has made a living from pyramid schemes. They all just jump from one to the next
He has done nothing else for the last 6 years.

If you have no moral compas it's probably not a bad way to make a living
 
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tetrasect

tetrasect

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PsyWulf said:
All the actual gruntwork is being done in the same poorly written php mess that was exploited in the first place,so can imagine the entire backend folding like a paperplane in a tornado when pushed
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It's more than that... the actual images etc are missing. It looks more like they deleted a bunch of folders from the server...
 
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