The Cape High Court has set four provisional liquidators the task of tracking down assets that can still be found after the mammoth Mirror Trading International shut down in December – this after numerous investors were unable to withdraw their money. Marketed as a multilevel bitcoin investment scheme and valued at up to R9 billion, MTI claim they’ve made up to 10% in returns per month using a computerised trading system. But why was the Financial Sector Conduct Authority unable to find evidence of trading success by the company? Has the CEO really disappeared as has been widely reported? Carte Blanche reveals how 300,000 members were duped out of their life savings as investigators try to account for nearly 23,000 Bitcoin.
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