MTI liquidators explain plans to return money to victims

[Jan]

Liquidators of South Africa's biggest pyramid scheme in history to pay victims back millions

The liquidators handling the Mirror Trading International pyramid scheme have confirmed that they plan to start returning funds to victims as soon as they get a court ruling on how they need to handle claims.

Speaking to RSG Geldsake with Moneyweb on behalf of the liquidators this week, Tygerberg Trustees co-director Herman Bester said winding up MTI has been complex because there are few legal precedents to rely on.

 

[Corelli]

The only issue is the South Africans will get peanuts in comparison to the US. Most of the US are getting huge payouts, but in South Africa no one really cares, so they will get peanuts