Mirror Trading International

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Spxdxrbxtxs said:
But then, from this research paper - Researchgate PDF -

Here there might have been a class action but it was thrown out due to lack of preparation.



This piece begs 3 questions:
  1. Why didn't FNB report the pyramid scheme?
  2. Why didn't the other two banks conduct due diligence?
  3. Why hasn't the promoter been arrested?
And for a lighter look at how bizarre pyramid schemes can be -
Click to expand...
And that's why there's no MTI headquarters in China. (For those who didn't watch the video, the guy was sentenced to death for operating a Ponzi scheme.)
 
Interesting fact is that they charge a 5% handling fee on all transactions. DAMN they making good money these people
 
justreading said:
Interesting fact is that they charge a 5% handling fee on all transactions. DAMN they making good money these people
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Also - from their How to Page -
As your recurring payment runs, we'll buy your Bitcoin, deduct our fee, and lock it in for sending to you. You'll get our email report where we tell you the value you have transferred, any fees, the Bitcoin price we achieved and how much Bitcoin you've bought. There's a six-week wait for the bank to settle the amounts correctly, and then we'll send your Bitcoin (less our fees) to your wallet.

And then this hidden menu item -
20201012_162452.jpg
 
Spxdxrbxtxs said:
Also - from their How to Page -
As your recurring payment runs, we'll buy your Bitcoin, deduct our fee, and lock it in for sending to you. You'll get our email report where we tell you the value you have transferred, any fees, the Bitcoin price we achieved and how much Bitcoin you've bought. There's a six-week wait for the bank to settle the amounts correctly, and then we'll send your Bitcoin (less our fees) to your wallet.

And then this hidden menu item -
View attachment 931095
Click to expand...

A thing (for those who don't know):

Most investment administrators "lock" amounts that come in via Debit order for 30 days or so (this is to prevent you from withdrawing and disputing the debit order concurrently, thereby doubling your money).

That 5% fee is something of a joke though.
 
aofafrica said:
A thing (for those who don't know):

Most investment administrators "lock" amounts that come in via Debit order for 30 days or so (this is to prevent you from withdrawing and disputing the debit order concurrently, thereby doubling your money).

That 5% fee is something of a joke though.
Click to expand...
Learn something new every day.
Would that be 30 working days then?
 
quovadis said:
I suppose they also think they’re not subject to regulation...
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Ah - no. They don't. Their T&Cs state -

1.6 Identity Verification
While ID verification is not currently required by law due to the lack of regulation around bitcoin we reserve the right to request full KYC/FICA documentation in future should this become a legal requirement.
 
aofafrica said:
A thing (for those who don't know):

Most investment administrators "lock" amounts that come in via Debit order for 30 days or so (this is to prevent you from withdrawing and disputing the debit order concurrently, thereby doubling your money).

That 5% fee is something of a joke though.
Click to expand...
They're inconsistent though - in their buying guide it says 24 hours turn-around.
 
Spxdxrbxtxs said:
Coin Buyers Club courtesy of Andrew and James Caw.
Click to expand...
Speechless with fury! Since their are ladies on this thread I won't use the words I would like to.
Damn, there are times when I almost wish that the Chinese would take over this place!
 
warrenpridgeon said:
So... happened across a comment in a training video:

View attachment 930979

DUN DUN DUN
View attachment 930983

View attachment 930985
So one of his "key clients" is the company he is a co-founder of?

As they say "Almal kop in een mus".
Click to expand...
aofafrica said:
Coin Buyer's club is a money laundering operation to turn the proceeds of BTC Global from Crypto to fiat?

"Pump & Dump"
Click to expand...
Snyper564 said:
What is this

Seems she resigned but was involved as director


View attachment 930995

View attachment 930997
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Spxdxrbxtxs said:
Also - from their How to Page -
As your recurring payment runs, we'll buy your Bitcoin, deduct our fee, and lock it in for sending to you. You'll get our email report where we tell you the value you have transferred, any fees, the Bitcoin price we achieved and how much Bitcoin you've bought. There's a six-week wait for the bank to settle the amounts correctly, and then we'll send your Bitcoin (less our fees) to your wallet.

And then this hidden menu item -
View attachment 931095
Click to expand...


It honestly wouldn't surprise me in the least if some BTC handed over to MTI for "investment" is then funnelled through to this Caw operation and resold.
But yeah there's a good chance that he's still holding on to some BTC Global takings.
 
Venator said:
It honestly wouldn't surprise me in the least if some BTC handed over to MTI for "investment" is then funnelled through to this Caw operation and resold.
But yeah there's a good chance that he's still holding on to some BTC Global takings.
Click to expand...
Scammers scamming the scam
 
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