South Africa’s Mirror Trading BTC scam to pay $1.7B in CFTC case
Mirror Trading allegedly scammed 30,000 BTC from over 23,000 American investors, which it misappropriated, and CFTC imposed restitution of over $1.7 billion.
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CFTC charges South African man in $1.7B fraud scheme involving BTC
The CFTC brought charges against Cornelius Johannes Steynberg, CEO of Mirror Trading International Proprietary Limited (MTI), over operating an international fraudulent multi-level marketing scheme.
South Africa regulator warns vs $170M firm Mirror Trading
The Financial Sector Conduct Authority believes that the firm Mirror Trading has been operating without the required licenses.