CEO of Mirror Trading International Bitcoin Ponzi Scheme Arrested in Brazil

Johann Steynberg, the needed CEO of Mirror Trading International was lately arrested by Brazilian regulation enforcement after he was caught utilizing a pretend doc. The arrest, which passed off within the nation’s Goiás province, was carried out by the Brazilian army police.

Fake IDs, Laptops, and Credit Cards Seized

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

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

In a statement confirming the arrest, the Brazilian army 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 data handed on by the Federal Police, it was doable to determine and method the suspect, who introduced a false doc on the time of the method.

Steynberg Fined for Using False Document

On prime of being arrested for his position as the important thing mastermind behind the MTI bitcoin Ponzi scheme, the Brazilian army police stated 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 reviews emerged that a number of MTI buyers have been unable to withdraw their funds. Shortly after his disappearance, a South African court docket dominated that MTI needed to be positioned underneath provisional liquidation.

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

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