ROB ROSE: The predictable demise of Mirror Trading
The entirely predictable demise of Mirror Trading is the story of a scam foretold. And it’s a story which, unusually, reflects well on the FSCA
21 January 2021 - 05:00
Well, who could have seen that coming? Besides the "so-called experts" and "mainstream media", that is? In late December, get-rich-quick scheme Mirror Trading International (MTI) was placed in liquidation, leaving more than 170,000 people wondering what had happened to the millions in bitcoin they thought they had.
Founder Johann Steynberg, a 37-year-old computer programmer from Polokwane with a dubious past in get-rich-quick schemes, is said to have fled to Brazil or Panama...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now