Founded in 2019 by Johann Steynberg, Mirror Trading International solicited Bitcoin from the public, claiming to use an automated bot to generate high returns (up to 10% per month) by trading forex. The company attracted hundreds of thousands of members from over 170 countries. In late 2020, the scheme collapsed after Steynberg disappeared with client funds. Subsequent investigations by global regulators confirmed MTI was a fraudulent multilevel marketing scheme and an unlawful Ponzi scheme, with liabilities far exceeding its assets. The company was placed into final liquidation by South African courts in 2021.

Founded in

United States