LOADING

Type to search

MTI liquidators claim billions from bosses, wives for ‘theft and fraud’ of bitcoin

Ponzi Scheme

MTI liquidators claim billions from bosses, wives for ‘theft and fraud’ of bitcoin

Share

MTI founder Johann Steynberg was arrested in Brazil in December last year.

The liquidators of failed bitcoin trading platform Mirror Trading International (MTI) have gone to court to claim R4.6 billion back from its leadership, including its site’s founder and CEO Johann Steynberg. 

They are relying on sections in the Company’s Act that allow a court to rule that employees and directors of a company that defrauded its creditors be held personally liable for losses. 

The R4.6 billion is the rand value of roughly 6 900 bitcoin the liquidators say was invested into MTI by members of the public but is now “missing”. 

Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won’t be billed.

Read more…

Leave a Comment

Your email address will not be published. Required fields are marked *