Network Marketing~90% of MTI investor accounts have been simply e-mail...

~90% of MTI investor accounts have been simply e-mail addresses


Of the 300,000 investor accounts Mirror Buying and selling Worldwide boasted, round 90% have been simply e-mail addresses.

That’s to say, Mirror Buying and selling Worldwide solely had round 30,000 precise buyers.

House owners and prime recruiters having a number of positions in MLM corporations is nothing new. 270,000 bogus accounts nonetheless is certainly up there on the dodgy scale.

Citing “forensic evaluation” supplied by MTI liquidators in South Africa, MoneyWeb reviews;

Near 90% of the accounts have been so-called ‘slave accounts’ arrange by buyers to earn commissions for introducing new members to the scheme.

Some people had greater than 20 ‘slave accounts’ – arrange within the title of relations, fictitious identities, home servants and household pets, all for the aim of incomes commissions on funds deposited by ‘downline’ members.

Of the ~300,000 MTI investor accounts, bogus or in any other case, round 15,300 have been net-winner accounts. The precise variety of MTI net-winner buyers stays unclear.

This implies that losers have been extra inclined to construct a big downline of ‘slave accounts’ – usually funded with their very own cash – to earn an enormous payday sooner or later sooner or later.

MTI Liquidators report investor claims are “pouring in”. It’ll be attention-grabbing to see whether or not submitted claims exceed the precise ~30,000 investor depend.

Apart from SARS, who’re attempting to claw again stolen sufferer funds as unpaid taxes, South African authorities have didn’t take motion in opposition to MTI’s ringleaders.

CEO Johann Steynberg was arrested in Brazil in late 2021. Steynberg stays in extradition limbo.

Clynton and Cheri Marks, MTI’s prime earners and suspected house owners, stay at giant and reside overtly in South Africa.


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