[2022-01-08] Mirror Trading International (scam) CEO Johann Steynberg got caught

[Kakmakr]

https://mybroadband.co.za/news/cryptocurrency/429388-how-mirror-trading-international-ceo-johann-steynberg-got-caught-and-what-happens-next.html

"MTI was a bitcoin-based investment scheme that Chainalysis named the biggest cryptocurrency scam of 2020."

"Steynberg went missing in December 2020, and the scheme collapsed. He was believed to be travelling in Brazil at the time."

Well, I hope they can retrieve some of the bitcoins that was stolen, because a lot of people lost money in that scam. I find it funny that these scammers think there are no extradition in these 3rd world countries and that they are safe there. 

[SFR10]

"MTI was a bitcoin-based investment scheme that Chainalysis named the biggest cryptocurrency scam of 2020."

Surprisingly, this is the first time that I'm hearing that name, and for those of you who are like me, here's how that fake platform looked like back in 2020:

• Main website
• Members club website

I find it funny that these scammers think there are no extradition in these 3rd world countries and that they are safe there. 

You have a point, but I think his choices were between bad and worse, so he went with the former that had a lower likelihood of getting caught and it worked for a few months.
^{- The part that's making me shake my head is the fact that he did all of this for a luxurious lifestyle with a mistress [It'd be interesting to see how his wife (Nerina) would react to all of this]!}

[cr1776]

"MTI was a bitcoin-based investment scheme that Chainalysis named the biggest cryptocurrency scam of 2020."

Surprisingly, this is the first time that I'm hearing that name, and for those of you who are like me, here's how that fake platform looked like back in 2020:

• Main website
• Members club website

I find it funny that these scammers think there are no extradition in these 3rd world countries and that they are safe there. 

You have a point, but I think his choices were between bad and worse, so he went with the former that had a lower likelihood of getting caught and it worked for a few months.
^{- The part that's making me shake my head is the fact that he did all of this for a luxurious lifestyle with a mistress [It'd be interesting to see how his wife (Nerina) would react to all of this]!}

I hadn't heard of it either.  If he scammed people though, I am glad he was caught and extradited. 

The old website even looks scammy.

[Kakmakr]

"MTI was a bitcoin-based investment scheme that Chainalysis named the biggest cryptocurrency scam of 2020."

Surprisingly, this is the first time that I'm hearing that name, and for those of you who are like me, here's how that fake platform looked like back in 2020:

• Main website
• Members club website

I find it funny that these scammers think there are no extradition in these 3rd world countries and that they are safe there. 

You have a point, but I think his choices were between bad and worse, so he went with the former that had a lower likelihood of getting caught and it worked for a few months.
^{- The part that's making me shake my head is the fact that he did all of this for a luxurious lifestyle with a mistress [It'd be interesting to see how his wife (Nerina) would react to all of this]!}

Well, he left his wife and his family in his home country and he went with this mistress to a new country to have a lavish life style. The kind of person that can do that, can also do a lot more....

I am just glad that he got caught and that there will be consequences for his actions. Also, with him in jail.... there will be no more scams and no more victims. 

[SFR10]

If he scammed people though, I am glad he was caught and extradited. 

In regards to the extradition part, nothing has happened yet... More than 2 weeks have passed and there's still no concrete information about his future! Based on "this article", there are two things that could prevent his extradition to South Africa:

• Being extradited to the US.
• Remain in Brazil and be prosecuted in there.

Also, with him in jail.... there will be no more scams and no more victims. 

I wouldn't be so sure about that unless I see every single one of the MTI team members behind bars...
^{- Two-nil in high court against MTI liquidators}