Mirror Trading International

[warrenpridgeon]

Well in that case, have at it I was just curious. I suppose I would do the same if it was a family member of mine caught up in the scam.

I've also been a crypto enthusiast for a number of years and have seen plenty of these schemes come and go... And when they collapse BTC/Crypto is the bad guy, not the people running the scheme.

 

[Looney]

The sad thing Looney, history shows that whenever a big Ponzi closes their are often a number of suicides by old innocent pensioners

Never thought of it like that. That is very sad.

 

[LiquidX]

I was surprised to see their office actually open and someone to assist with a walk in client without a scheduled booking.

That is one empty office. Wonder what the chair and desk rental is monthly.

 

[John Tempus]

That is one empty office. Wonder what the chair and desk rental is monthly.

Looks more like a rented Shrine for MTI than a functioning office space.

 

[Inquisitiveone]

Looks more like a rented Shrine for MTI than a functioning office space.

Possibly a Pop up shop that can be moved or closed at a moments notice?

 

[LJ1234]

For the same reason I might try to help someone who keeps getting stuck back in an abusive relationship, or someone with a crippling drug addiction, or some who self-harms......because it's the morally right thing to do.
Yes, it's a lot of effort, but it's no trouble because it's not something I expect to get rewarded for. We're a social species - helping each other is what allowed us to get to the top. And even if after all the effort, you could only help a single person, that's enough for me.
And even though I'd never expect anyone to help me, I'd hope that if I was being blindsided that someone would at least try.

YES! Often people don't have a voice and morally we have to be their voice.

 

[MissKnow-a-Little]

I was surprised to see their office actually open and someone to assist with a walk in client without a scheduled booking.

I don't even actually know what to say about this.

 

[LJ1234]

I have no idea exactly how many "teams" MTI has...it would seem that their cranked up recruiting is working. On Peter Muller's team "Diversify with MTI " more than 40 new people were added in the past week.

 

[Venator]

YES! Often people don't have a voice and morally we have to be their voice.

Right?! This isn't a matter of pretentious virtue signalling, but rather seeing that people are being lied to and exploited, and doing what we can to bring that to a stop.

 

[LJ1234]

If they really have 200000 members, manual vetting of withdrawals must be a massive task

 

[John Tempus]

If they really have 200000 members, manual vetting of withdrawals must be a massive task
View attachment 940304

Vetted manually is code for, "Is there enough for founders to withdraw if we approve this withdrawal or should we wait for a fresh deposit from someone else before we process this withdrawal"

The tough questions in life.

 

[newby_investor]

Vetted manually is code for, "Is there enough for founders to withdraw if we approve this withdrawal or should we wait for a fresh deposit from someone else before we process this withdrawal"

The tough questions in life.

Either that or Johan has to type the private keys in manually from the sticky note he has them on, because "cold storage".

Flying to Europe every time someone wants to do a withdrawal must also be a bit of a drag

 

[Inquisitiveone]

So , some stats "if correct" would be something to note from the duration obtained. 1 May 20 to 1 October 20, - 106 working days only . If correct the figures taken are "approximately" 5500 BTC in the Main "Trading pool" that has grown to over 20700 BTC in October. This is 276% in growth unless I used the wrong internet calculator? This excludes the amounts withdrawn on a daily/weekly/monthly basis so the total figure of depositedfunds would be substantially higher. Can growth like this happen? Somone might have more stats.

 

[PsyWulf]

Vetted manually is code for, "Is there enough for founders to withdraw if we approve this withdrawal or should we wait for a fresh deposit from someone else before we process this withdrawal"

The tough questions in life.

Don't forget,I believe it was on one of the Telegrams or Youtube where a staff-member said that part of this manual verification process is verifying the "identity of the withdrawer and if they requested it" - which is hogwash obviously,since their own site withdrawal process requires a manual move of funds,then a request that must be approved with a onetime link sent to the registered email and nothing else

 

[warrenpridgeon]

Don't forget,I believe it was on one of the Telegrams or Youtube where a staff-member said that part of this manual verification process is verifying the "identity of the withdrawer and if they requested it" - which is hogwash obviously,since their own site withdrawal process requires a manual move of funds,then a request that must be approved with a onetime link sent to the registered email and nothing else

There is no reason for the delay in withdrawals... if they are only trading with 3 to 5% of the BTC then 95 to 97% is sitting around gathering dust and they could easily action the withdrawals basically instantly...

However, if the pool is not as topped up as the backend leads us to believe then they'd need to batch the withdrawals and put enough BTC into a wallet to pay the withdrawals.

 

[Inquisitiveone]

So , some stats "if correct" would be something to note from the duration obtained. 1 May 20 to 1 October 20, - 106 working days only . If correct the figures taken are "approximately" 5500 BTC in the Main "Trading pool" that has grown to over 20700 BTC in October. This is 276% in growth unless I used the wrong internet calculator? This excludes the amounts withdrawn on a daily/weekly/monthly basis so the total figure of depositedfunds would be substantially higher. Can growth like this happen? Somone might have more stats.

But actually that would be a whole lot more from the date they started and the funds shown?? Another question, they supposedly started trading before the website was up, so I wonder if the they actually captured all the previous trades made or only from the date the website went live??

 

[Wary GOM]

Right?! This isn't a matter of pretentious virtue signalling, but rather seeing that people are being lied to and exploited, and doing what we can to bring that to a stop.

Ideally to also put the perpetrators into positions where they can't do it yet again- (either by being in jail or at least so publicly well know as criminals that they can't play innocent.

 

[PsyWulf]

But actually that would be a whole lot more from the date they started and the funds shown?? Another question, they supposedly started trading before the website was up, so I wonder if the they actually captured all the previous trades made or only from the date the website went live??

There's 2 pieces here
Initially Mirror Trading International's business model was doing *mirrored trading*,from inception to August 2019 *thanks Snyper
You gave them access to your account to trade on your behalf at fxchoice and their "master trader" would make you millions

Obviously this failed spectacularly,JS even needed to apologize for losing people lots of money and recommended people stick around so MTI can win back the losses (while graciously not charging any fees initially) with a new Pooled account method that was super transparent at another unnamed unregulated unaudited broker with a superbot they invented/are renting (depending on who you ask when)
This was around when Fxchoice nuked them and revealed their trading was manual,and lossy,and they didnt have the required documentation to be doing what they were doing,and the video demo they had was faked from a demo acc

 

[Snyper564]

There's 2 pieces here
Initially Mirror Trading International's business model was doing *mirrored trading*,from inception to August 2018 or 2019 I forget which
You gave them access to your account to trade on your behalf at fxchoice and their "master trader" would make you millions

Obviously this failed spectacularly,JS even needed to apologize for losing people lots of money and recommended people stick around so MTI can win back the losses (while graciously not charging any fees initially) with a new Pooled account method that was super transparent at another unnamed unregulated unaudited broker with a superbot they invented/are renting (depending on who you ask when)
This was around when Fxchoice nuked them and revealed their trading was manual,and lossy,and they didnt have the required documentation to be doing what they were doing,and the video demo they had was faked from a demo acc

this was from inception to aug 2019

https://www.facebook.com/video.php?v=660626264456830

 

[PsyWulf]

this was from inception to aug 2019

https://www.facebook.com/video.php?v=660626264456830

View attachment 940362

And nobody ever bothered to say can we go back to individual accounts for our own safety please since the "At the moment" licensing issue should be resolved a year later *