Johann Steynberg. (YouTube screen grab)
As South African authorities investigate the potential death of the founder of SA’s largest Ponzi scheme in Brazil, lawyers representing the scheme’s liquidators are attempting to recover tens, possibly hundreds of millions of rands from investors in the US.
Lawyers acting for Mirror Trading International’s (MTI) liquidators in a US bankruptcy court have sent out 150 legal complaints demanding that “net-winners” pay back their “ill-gotten” investment gains.
Liquidators have also sent out summons for similar clawbacks in South Africa, saying that all MTI gains are were unlawful and needed to be paid back.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Read More: SA’s MTI scandal: US lawyers now want money back from 150 bitcoin investors | Business
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
