Appeal To Creditors To Join MTI, 'Online Bitcoin Trading Scam', Liquidation Application
Both cases were brought by MTI investors who have been trying to withdraw funds from the bitcoin investment scheme that promised returns of up to 10% a month. What is described as an alleged online bitcoin trading scam, MTI alarm bells first started ringing in August 2020 when the South African financial regulator, the Financial Sector Conduct Authority (FSCA), filed criminal charges with local law enforcement against the company. The regulator’s decision to press charges followed an investigation into MTI that unearthed the company’s use of fake trade statements, undeclared losses, and p...
Source: techfinancials.co.za