Mirror Trading International

[JayM]

They use an accredited KYC verification service and are an actual registered financial institution.

You mean like Bernard L. Madoff Investment Securities LLC?

 

[CranialBlaze]

Yeah just pointing to the kind of people influencing others to buy into these ponzi scams... he probably would’ve misspelled MTI as well

Dude, I was sold on it by 2 highly intelligent people, both of whom also run their own very successful businesses. They where both in it for months, having brought in family, incl their spouses. It looks legit to us finance laymen.

I know nothing about investments and trading and stuff like that, I can just about figure out my tax returns. I am a dev, give me code, give me computer, don’t give me money and numbers and stuff like that, not my wheel house.

It took time for the flags to start ticking in, and if it was not for the big events of the last few weeks we would probably be putting in more money. The consistent avg return seemed a lil iffy, but again, not my wheel house it would have to have been that consistent for a few more months before I would have begun doing some real thinking on it.

Even then, to a guy who does not even remotely understand that stuff it would have seemed OG, I don’t know the effect of halving and offshore pricing and crypto movements have on crypto trading.

Is that not exactly how a successful scam would work, it would seem legit to the uninformed, if i were an accountant, financial advisor or tax practitioner and got dipped by something like this that’s a completely different story, but on the face of it it does not seem too good to be true, it seems plausible when you just don’t know.

 

[CranialBlaze]

You mean like Bernard L. Madoff Investment Securities LLC?

Can’t remember the name, but they deal in FIAT as well, USD, GBP, Euro. Hell, can we really be certain FNB is not a scam, look at Africa Bank.

 

[John Tempus]

Dude, I was sold on it by 2 highly intelligent people, both of whom also run their own very successful businesses. They where both in it for months, having brought in family, incl their spouses. It looks legit to us finance laymen.

I know nothing about investments and trading and stuff like that, I can just about figure out my tax returns. I am a dev, give me code, give me computer, don’t give me money and numbers and stuff like that, not my wheel house.

It took time for the flags to start ticking in, and if it was not for the big events of the last few weeks we would probably be putting in more money. The consistent avg return seemed a lil iffy, but again, not my wheel house it would have to have been that consistent for a few more months before I would have begun doing some real thinking on it.

Even then, to a guy who does not even remotely understand that stuff it would have seemed OG, I don’t know the effect of halving and offshore pricing and crypto movements have on crypto trading.

Is that not exactly how a successful scam would work, it would seem legit to the uninformed, if i were an accountant, financial advisor or tax practitioner and got dipped by something like this that’s a completely different story, but on the face of it it does not seem too good to be true, it seems plausible when you just don’t know.

I feel for honest people who might get involved cause they just do not understand the elements around these remarkable returns.

Just keep this in mind in the future. If anyone sells you a profit earner that shows any sort of returns above 0% and they refuse to add the clause that you might still be able to lose your entire investment then you know it is more than likely a scam that cannot operate on its own merits and will do everything possible to avoid using words based in possibly reality even though it might be a slim chance under normal circumstances.

All these scams only promise you the positives, they avoid any possible negative outcomes. The scams is making use of the the old human flaw of "Positive Reinforcements".

Oh and if you still think it all looks on the up and up then just do your own little reserach in the "projects" the same people were involved in year after year and how they turned out. If someone is yet again claiming the next world hunger ending investment and they have 4,5,6 prior projects all bankrupting people and involving investments then you either blind or stupid or both if you think that now at project 10 these same people figured out the holy grail.

 

[Snyper564]

Dude, I was sold on it by 2 highly intelligent people, both of whom also run their own very successful businesses. They where both in it for months, having brought in family, incl their spouses. It looks legit to us finance laymen.

I know nothing about investments and trading and stuff like that, I can just about figure out my tax returns. I am a dev, give me code, give me computer, don’t give me money and numbers and stuff like that, not my wheel house.

It took time for the flags to start ticking in, and if it was not for the big events of the last few weeks we would probably be putting in more money. The consistent avg return seemed a lil iffy, but again, not my wheel house it would have to have been that consistent for a few more months before I would have begun doing some real thinking on it.

Even then, to a guy who does not even remotely understand that stuff it would have seemed OG, I don’t know the effect of halving and offshore pricing and crypto movements have on crypto trading.

Is that not exactly how a successful scam would work, it would seem legit to the uninformed, if i were an accountant, financial advisor or tax practitioner and got dipped by something like this that’s a completely different story, but on the face of it it does not seem too good to be true, it seems plausible when you just don’t know.

I'm glad you saw the light. As I said on paper I am their perfect target well versed in finance tax and crypto. But the worst in reality as I know what questions to ask. My biggest issue was the no loss for almost a year, it was only after I really started pushing that question here that a week or two later did we see one.

One of the biggest red flags for me is this

They did not make a loss at all during covid the most unpredictable period of our generation but it made a loss on a normal trading day by all accounts.

Ppl praised MTI that the bot made a loss that it all appeared more real than ever, that even they needed to accepts losses from time to time. Ppl were like it's ok we made a loss yesterday but we had 100s of days of profits!

This is the single biggest red flag for me.

Also ppl think these are small gains and not a get rich quick scheme Bernie madoff did 10 to 20 percent a year MTI does 10 percent a month. Someone who doesn't think double your money in 10 months is get rich quick is crazy. And then they sell it as mind blowing compounding and small but consistent growth. It's utter bs. It's get rich quick! But saying that would be a red flag...

 

[warrenpridgeon]

I'm glad you saw the light. As I said on paper I am their perfect target well versed in finance tax and crypto. But the worst in reality as I know what questions to ask. My biggest issue was the no loss for almost a year, it was only after I really started pushing that question here that a week or two later did we see one.

One of the biggest red flags for me is this

They did not make a loss at all during covid the most unpredictable period of our generation but it made a loss on a normal trading day by all accounts.

Ppl praised MTI that the bot made a loss that it all appeared more real than ever, that even they needed to accepts losses from time to time. Ppl were like it's ok we made a loss yesterday but we had 100s of days of profits!

This is the single biggest red flag for me.

Also ppl think these are small gains and not a get rich quick scheme Bernie madoff did 10 to 20 percent a year MTI does 10 percent a month. Someone who doesn't think double your money in 10 months is get rich quick is crazy. And then they sell it as mind blowing compounding and small but consistent growth. It's utter bs. It's get rich quick! But saying that would be a red flag...

My red flag is that they cannot prove that they are trading on their members behalf besides their half baked statements that anyone could generate and the stories/lies around their broker.

 

[Dr Ong]

Dude, I was sold on it by 2 highly intelligent people, both of whom also run their own very successful businesses. They where both in it for months, having brought in family, incl their spouses. It looks legit to us finance laymen.

I know nothing about investments and trading and stuff like that, I can just about figure out my tax returns. I am a dev, give me code, give me computer, don’t give me money and numbers and stuff like that, not my wheel house.

It took time for the flags to start ticking in, and if it was not for the big events of the last few weeks we would probably be putting in more money. The consistent avg return seemed a lil iffy, but again, not my wheel house it would have to have been that consistent for a few more months before I would have begun doing some real thinking on it.

Even then, to a guy who does not even remotely understand that stuff it would have seemed OG, I don’t know the effect of halving and offshore pricing and crypto movements have on crypto trading.

Is that not exactly how a successful scam would work, it would seem legit to the uninformed, if i were an accountant, financial advisor or tax practitioner and got dipped by something like this that’s a completely different story, but on the face of it it does not seem too good to be true, it seems plausible when you just don’t know.

That is how cunning and dangerous these scams are

 

[Bandersnatch]

I'm glad you saw the light. As I said on paper I am their perfect target well versed in finance tax and crypto. But the worst in reality as I know what questions to ask. My biggest issue was the no loss for almost a year, it was only after I really started pushing that question here that a week or two later did we see one.

One of the biggest red flags for me is this

They did not make a loss at all during covid the most unpredictable period of our generation but it made a loss on a normal trading day by all accounts.

Ppl praised MTI that the bot made a loss that it all appeared more real than ever, that even they needed to accepts losses from time to time. Ppl were like it's ok we made a loss yesterday but we had 100s of days of profits!

This is the single biggest red flag for me.

Also ppl think these are small gains and not a get rich quick scheme Bernie madoff did 10 to 20 percent a year MTI does 10 percent a month. Someone who doesn't think double your money in 10 months is get rich quick is crazy. And then they sell it as mind blowing compounding and small but consistent growth. It's utter bs. It's get rich quick! But saying that would be a red flag...

I posted the monthly return spreadsheet a bit earlier. It's 10% per month.

 

[Snyper564]

I posted the monthly return spreadsheet a bit earlier. It's 10% per month.

Yup just go read the fin24 thread ppl saying it's not a get rich quick scheme. It's small but consistent growth.

Once again I say Bernie madoff did that a year not a month.

At the current MTI rates it's double your money in 10 months... Pls tell me how this is not get rich quick. I shake my head everytime I read a comment like this...

They will never ever say get rich quick but that's exactly what it is. 1m in today I'll take 2m out in 10 months...

 

[Venator]

I posted the monthly return spreadsheet a bit earlier. It's 10% per month.

Yeah, I was wondering... Why didn't that spreadsheet show any negative days at all? Wasn't there supposed to be at least 1 negative day?

 

[Venator]

Yup just go read the fin24 thread ppl saying it's not a get rich quick scheme. It's small but consistent growth.

Once again I say Bernie madoff did that a year not a month.

At the current MTI rates it's double your money in 10 months... Pls tell me how this is not get rich quick. I shake my head everytime I read a comment like this...

They will never ever say get rich quick but that's exactly what it is. 1m in today I'll take 2m out in 10 months...

At 10% it's actually double your money in about 8 months, triple in about 12

 

[Snyper564]

At 10% it's actually double your money in about 8 months, triple in about 12

Yeah, that's more likely sorry didn't include compounding but you get the jist

A year from now expect there to be more than 35k btc. In the trading pool...

 

[Venator]

Yeah, that's more likely sorry didn't include compounding but you get the jist

A year from now expect there to be more than 35k btc. In the trading pool...

Well, don't forget, members only apparently get the 40% of the profits... So MTI's actual claim is that they have an average monthly profit of 25%, meaning 100,000 BTC in 10 months with the current pool of 13,000.

Just plain ridiculous

 

[CranialBlaze]

I posted the monthly return spreadsheet a bit earlier. It's 10% per month.

Yes you right.

I had 2 calculations there, the daily avg is 7 but the monthly is 10 yes.

Reminds me of that 1 episode of numbers, which is what caught my attention, they said something about people liking certain numbers when they generating fake financials and 7 was one of them.

That random possible fact from a tv episode probably more than 10 years ago hung around in my head for just this occasion.

 

[r00igev@@r]

Dude, I was sold on it by 2 highly intelligent people, both of whom also run their own very successful businesses. They where both in it for months, having brought in family, incl their spouses. It looks legit to us finance laymen.

I have no problem gambling and if this endeavor was licensed by the gambling board I'd play. My dad would play the horses and knew all the horses, jockeys and trainers. With all that knowledge he only ever broke even. I play the July every year and lose my shirt. Luckily, it is only one from the discount Hawaiin shirt rack...

When I was told about it and the first response back from google was the Texas story it smelled like kuk to me.

 

[Venator]

By the way, if you guys haven't seen this...one of my favourite episodes of LWT

 

[Bandersnatch]

Yeah, that's more likely sorry didn't include compounding but you get the jist

A year from now expect there to be more than 35k btc. In the trading pool...

So we're basically talking $100 to start and then (with no withdrawals) compounding 0.48% per day?

 

[Snyper564]

So we're basically talking $100 to start and then (with no withdrawals) compounding 0.48% per day?

Yeah that's about right.

 

[Snyper564]

By the way, if you guys haven't seen this...one of my favourite episodes of LWT

I mentioned a few pages back that unfortunately this appeals to mans most basic desire, something for nothing. There is no product here absolutely nothing to sell. Who wouldnt want this. No health shake no active recruitment needed. Just money for nothing...

In short the true followers would bond their house for this as they would get that back in 8 months... But money is a funny thing if I leave that just 4 more month it doubles again and half the time doubles again.... I would be stupid to take anything out ever...

 

[BitEthsa]

I'm afraid to say unless the Texans take action this scam will go on for months. Don't know what contacts these guys have here locally but for a good 8months before BTC Glpbal collapsed, I sent a load of evidence amongst others to SARB ,Sars, media including carte blanche , Bruce Whitfield (702), even to Chad Thomas at IRS the investigation company mentioned earlier in this thread. Not one of them took any action or followed up. Two years down the line since it imploded and still no one has been brought to book. Vivienne Budge really went through hell exposing Cheri and co and seemed to have to endure more than the perpetrators. An absolute joke how they continue to get away with their scams.