South African Firm Convicted in $1.7 Billion Crypto Scam by US Court
Mirror Trading International (MTI) has been found guilty by a U.S. court in a cryptocurrency fraud case involving a Bitcoin scam, resulting in a restitution order of $1.7 billion. The U.S. Commodity Futures Trading Commission (CFTC) disclosed that Mirror Trading International Proprietary Limited ...
Brazilian Court Imposes Fine on Crypto Pyramid Scheme Organizer Instead of Prison
A Brazilian court has given the organizer of the crypto pyramid scheme Mirror Trading International (MTI) a monetary fine instead of the three and a half years in prison he was expecting. The court found Johann Steynberg guilty of using forged identity documents. Although Steinberg was sentenced ...