MTI

Bradley cooper said:
Let me ask you a question any company that trades on your behalf or a pool of btc is a ponzi scheme? What if a company uses a bot with professional traders to trade your btc and the traders you can meet them in person you can also see their their bot they also run a referral program is that still considered a ponzi?
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MTI has no bot.
 
Bradley cooper said:
Is bitcoin an illegal entity ? I was invited by a friend to join MTI I have no knowledge of ponzi and pyramid schemes. The law has not shut down the company so I cannot say its criminal activity until proven guilty. I am merely on this platform to get advice as a consumer as I read another thread that you can go to the claims court. If you claim that MTI is a fraudulent company it's your opinion I am not here to discuss that issue
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You unfortunately cannot separate the two. You usually cannot legally get recourse from the courts from losses incurred in participating in illegal activities.

Any company that collects assets on behalf of others and invests them without a license breaks multiple laws. You yourself are in contravention of the FAIS act of 2002 for participating in and promoting MTI without being a registered financial services provider. The penalty for doing so is a R10m fine or 10 years in prison.

This is not a fun bitcoin game. You are playing with fire.
 
John Tempus said:
The law also haven't shut down most drug dealers, I bet you also think drug dealers are operating legally ?

MTI founders have run multiple similar scams over the last decade, every single one operated as a ponzi and left people without millions. MTI is just their latest beast of ripping people off yet again.

If you actually did any "due diligence" relating to the founders you would have picked up multiple sources about their previous "businesses" and even a blind man would have seen that every time they restart a new ponzi scheme.

You cannot go to any court. Once this MTI scam blows over and it does end up in the courts the outcome would be to reclaim ill gotten gains from every "investor" who managed to pull out more than they put in. So best case scenario you have not made any profit out of this.
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What if that is just propaganda can you show me an article that is dated a decade ago where it shows this proof. Besides you cant trust everything you read. The world is designed for us to be brainwashed whether it be in the crypto world the forex world or even our central authorities that we trust it's just the way the world works
 
Bradley cooper said:
What if that is just propaganda can you show me an article that is dated a decade ago where it shows this proof. Besides you cant trust everything you read. The world is designed for us to be brainwashed whether it be in the crypto world the forex world or even our central authorities that we trust it's just the way the world works
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Sure. On this page is a video of Cheri ward promoting the collapsed pyramid scheme MMM in 2015.

cheriward [Dishonest.wiki]

dishonest.co.za dishonest.co.za
 
retromodcoza said:
You unfortunately cannot separate the two. You usually cannot legally get recourse from the courts from losses incurred in participating in illegal activities.

Any company that collects assets on behalf of others and invests them without a license breaks multiple laws. You yourself are in contravention of the FAIS act of 2002 for participating in and promoting MTI without being a registered financial services provider. The penalty for doing so is a R10m fine or 10 years in prison.

This is not a fun bitcoin game. You are playing with fire.
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Firstly I do not promote MTI , secondly bitcoin is not a financial instrument but a crypto so what law is been broken. Then all those promoting should be in prison for 10 years
 
Bradley cooper said:
Firstly I do not promote MTI , secondly bitcoin is not a financial instrument but a crypto so what law is been broken. Then all those promoting should be in prison for 10 years
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Any collective investment scheme requires a licence irrespective of the asset used. Read the law. And yes, they will most likely spend some good time lodging at the taxpayers expense.
 
So just a question as you seem very educated the company is licensed and they have a disclaimer. I would like to read in the law about a non-financial instrument that needs to be fais compliant. If you could send it I will highly appreciate it
 
Bradley cooper said:
So just a question as you seem very educated the company is licensed and they have a disclaimer. I would like to read in the law about a non-financial instrument that needs to be fais compliant. If you could send it I will highly appreciate it
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Whether bitcoin is a financial instrument or not is irrelevant. It is an intangible asset. The act regulates "money or moneys worth" - and bitcoin is covered by this description.

And yes , all 200,000 people who have participated in and promoted MTI are liable to a fine or imprisonment because they have broken the law. This is what happens when masses of uneducated people who don't know what they are doing participate in something they don't understand.

Heres the exact wording

Financial Sector Regulations Act 2017: Page 44 of the act but here is the salient point: (3) For the purposes of subsection (2)(b)(ii), a person makes a financial investment when the person (the ‘‘investor’’)— (a) gives a contribution, in money or money’s worth, to another person and any of the following apply: (i) The other person uses the contribution to generate a financial return for the investor; (ii) the investor intends that the other person will use the contribution to generate a financial return for the investor, even if no return, or a loss, is in fact generated; 35 (iii) the other person intends that the contribution be used to generate a financial return for the investor, even if no return, or a loss, is in fact generated; and has no day-to-day control over the use of the contribution.

Financial Advisory and Intermediary Services Act (FAIS) 37 of 2002:
36. Offences and penalties Any person who - (a) contravenes or fails to comply with a provision of section 7(1) or (3), 8(8), 8(10)(a), 13(1) or (2), 14(1), 17(4), 18, 19(2), 19(4) or 34(4) or (6); [Para. (a) substituted by s. 61 of Act 22/2008] (b) in any application in terms of this Act, deliberately makes a misleading, false or deceptive statement, or conceals any material fact, (c) in the execution of duties imposed by this Act gives an appointed auditor or compliance officer information which is false, misleading or conceals any material fact; or [Para. (c) added by s. 61 of Act 22/2008] (d) is not a representative appointed or mandated by an authorised financial services provider in accordance with the provisions of this Act, and who in any way declares, pretends, gives out, maintains or professes to be a person who is authorised to render financial services to clients on the basis that the person is appointed or mandated as a representative by another representative, [Para. (d) added by s. 61 of Act 22/2008 and substituted by s. 198 of Act 45/2013 w.e.f. 28 February 2014] is guilty of an offence and is on conviction liable to a fine not exceeding R10 million or imprisonment for a period not exceeding 10 years, or both such fine and such imprisonment.
 
Bradley cooper said:
So just a question as you seem very educated the company is licensed and they have a disclaimer. I would like to read in the law about a non-financial instrument that needs to be fais compliant. If you could send it I will highly appreciate it
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Look bradley.

I get it. You're young. Some "wiser" adults have told you that MTI is legit and that everything's fine.

Everything is not fine.

This is going to be a good lesson for you in not listening to older people just because they are older.
 
Speedster said:
Firstly, I don't believe MTI is licensed in any way.

You can find the law here: https://www.gov.za/documents/collective-investment-schemes-control-act

And I've included a screenshot to make it even easier

View attachment 954875
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Re: licensing,yes they are unlicensed and operating illegally
Though Sadley probably thinks CIPC and SARS numbers mean you are registered to hand out financial advice and do brain surgery without anaesthesia

Re:link
Oh ****,damn google strikes again

Surprising how a pooled financial instrument or asset invested for a client requires licensing. Whoddathunk

Less surprising is Sadley parroting nonsense he heard elsewhere as if saying it makes it reality
 
Bradley cooper said:
What if that is just propaganda can you show me an article that is dated a decade ago where it shows this proof. Besides you cant trust everything you read. The world is designed for us to be brainwashed whether it be in the crypto world the forex world or even our central authorities that we trust it's just the way the world works
Click to expand...

You must be new on the internet.

Ive seen BTC Global running with everyones money in real time at the time and Cheri was the head kingpin pretending to be other people at the same time. She was involved in other scams also if you bother to look at dishonest.co.za you will find all her previous scams detailed.

If you want to think its propaganda go for it, feel free to also believe in unicorns because I am not going waste more time on idiots losing money on MTI aka Cheri aka Clynton scams.

Continue to make them rich and when it collapse feel free to believe that they had no hand in the business failing.

When that is all over and done, make sure to join their next ponzi once it pops up.
 
Bradley cooper said:
Firstly I do not promote MTI , secondly bitcoin is not a financial instrument but a crypto so what law is been broken. Then all those promoting should be in prison for 10 years
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HAHA.

Want to know a secret ? When MTI do get to hit the courts once FSCA move forward (they move too damn slow), all promotors will be liable along with MTI operators.

So just sit back and wait and see what happens.
 
Bradley cooper said:
So just a question as you seem very educated the company is licensed and they have a disclaimer. I would like to read in the law about a non-financial instrument that needs to be fais compliant. If you could send it I will highly appreciate it
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Company is not licensed. The company only have a registered limited liability company with an apparent <R1million a year turnover, lmao.

Anything related to finance they hold zero licenses for.

They do have a license to scam though, perhaps that is what you are looking for.
 
Bradley cooper said:
Has anyone in this post had their MTI account suspended and still have bitcoin in their account
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Did you try turning it off and on again?

Is 2FA enabled?

Did you escalate your query to your upline?

Have you watched all the "Santiago Secret" videos?

If so you can always push the escalate withdraw button in your dashboard.
 
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