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January 21, 2022
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CEO of Mirror Trading International Bitcoin Ponzi Scheme Arrested in Brazil – Regulation Bitcoin News

Johann Steynberg, the needed CEO of Mirror Trading International was just lately arrested by Brazilian legislation enforcement after he was caught utilizing a faux doc. The arrest, which happened in the nation’s Goiás province, was carried out by the Brazilian navy police.

Fake IDs, Laptops, and Credit Cards Seized

Johann Steynberg, the CEO of Mirror Trading International (MTI), a bitcoin Ponzi scheme, was just lately arrested by Brazilian legislation enforcement after he was caught utilizing a false doc, stories from the South American nation have mentioned. Following the arrest, bank cards, laptops, and pretend identification have been additionally seized.

As per a number of Portuguese language stories, Steynberg, who’s on Interpol’s needed listing, was apprehended in the Goiás province by members of an elite unit inside Brazil’s navy police.

In a statement confirming the arrest, the Brazilian navy police additionally shared particulars of the steps taken earlier than the choice to seize Steynberg was made. The assertion explains:

After an intense work of identification and follow-up, and with the assistance of info handed on by the Federal Police, it was potential to establish and strategy the suspect, who offered a false doc on the time of the strategy.

Steynberg Fined for Using False Document

On prime of being arrested for his function as the important thing mastermind behind the MTI bitcoin Ponzi scheme, the Brazilian navy police mentioned Steynberg should additionally pay a nice referring to his use of a false doc.

As beforehand reported by Bitcoin.com News, Steynberg disappeared in late December 2020 when stories emerged that a number of MTI traders have been unable to withdraw their funds. Shortly after his disappearance, a South African courtroom dominated that MTI needed to be positioned underneath provisional liquidation.

However, since then, different masterminds of MTI — which was named the largest bitcoin rip-off in 2020 — have waged a battle to stall the method of liquidating the collapsed firm. Meanwhile, a courtroom ruling on a petition that seeks to have MTI declared an unlawful enterprise continues to be pending.

What are your ideas on this story? Tell us what you assume in the feedback part beneath.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively concerning the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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