Mirror Trading International controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Pyramid and Ponzi-type scheme finding
The Western Cape High Court declared MTI a pyramid and Ponzi-type scheme after the platform had collapsed and entered liquidation. The finding followed years of scrutiny concerning its automated-trading claims, referral structure, and handling of member funds.
2020
Collapse and investor losses
MTI collapsed after Johann Steynberg disappeared in Brazil, leaving members facing significant losses and triggering cross-border investigations and recovery efforts.