Mirror Trading International (MTI) liquidators put out a press statement last week with some explosive claims against the ‘masterminds’ behind the failed crypto scheme.
The liquidators say those masterminds were Clynton Marks and Johann Steynberg, who were among the main winners of the scheme. Steynberg fled the country in December 2020 when investors’ requests for withdrawal of funds were stonewalled. Steynberg was arrested late last year in Brazil.
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Figures supplied by the liquidators suggest that more than 300 000 investors from around the world were lured into the scheme with promises of earning up 10% a month on deposited Bitcoin (BTC). MTI was rated by Chainanlysis as the world’s largest crypto scam of 2020.
Doubts
Lawyers representing some of the investors have questioned the accuracy of figures provided by the liquidators. The number of members has varied from around 200 000 to 380 000. The liquidators recovered 1 281 Bitcoin from a Belize-based broker called FX Choice, and subsequently sold these for roughly R1.3 billion.
In a statement last week, the liquidators claim Marks made off with R30 million of investors’ money two months before the crypto scam imploded, though there appears to be no supporting evidence for this claim before the Cape High Court, where multiple cases are underway between the liquidators and MTI investors.
Meanwhile, Marks and…
