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90% of the 300,000 investor accounts talked about by Mirror Trading International were only email addresses.

That is to say, there were only about 30,000 real investors in Mirror Trading International.

It’s not unusual for owners and top recruiters to hold numerous roles in MLM businesses. However, 270,000 bogus accounts is unquestionably on the higher end of the shady scale.

MoneyWeb reports, using “forensic analysis” delivered by MTI liquidators in South Africa;

Nearly 90% of the accounts were referred to as “slave accounts,” which investors set up to receive commissions for bringing new participants into the scheme.

To receive commissions on money deposited by “downline” members, some people had more than 20 “slave accounts” set up in the names of relatives, made-up people, domestic helpers, and family pets.

15,300 of the 300,000 MTI investor accounts—real or fake—were net-winner accounts. Uncertainty surrounds the precise amount of MTI net-winner investors.

This suggests that losers were more likely to create a sizable downline of “slave accounts” that were frequently funded with their cash in order to receive a sizable payout in the future.

Investor claims, according to MTI Liquidators, are “pouring in.” It will be interesting to see if the claims submitted go over the actual number of 30,000 investors.

South African authorities have not prosecuted MTI’s ringleaders, aside from SARS, which is attempting to recoup stolen victim funds as unpaid taxes.

In late 2021, CEO Johann Steynberg was detained in Brazil. Steynberg’s extradition is still pending.

The top earners at MTI and presumed owners, Clinton and Cheri Marks, are still at large and openly residing in South Africa.

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