ScamBusters News and Updates

Here you will find links to various articles and updates released in the press and on social media regarding scams, online crime and fraud.



Hundreds of people gathered at the Allied Building on Timber Street on Thursday, lured by promises of huge payouts in a R5 investment scheme….

Regulator warns public against firm promising get rich quick scheme


SA’s financial regulator has warned the public to stay away from a firm called African Wealth Share which is promising astronomical returns to investors.

Willie Breedt

Hawks investigate cryptocurrency CEO after investors cry foul


The Polokwane Hawks are investigating a case in which several investors laid charges against the CEO of a cryptocurrency company after he allegedly sent them fraudulent proof of payment via his company, VaultAge Solutions. 

Mirror Trading International


Commissioner Shuts Down Fraudulent International Marketing Investment Scheme In Texas

Texas Securities Commissioner Travis J. Iles entered an emergency action to stop Mirror Trading International PTY LTD, a South African international, multilevel marketing get-rich-quick scheme.  He also cited four of its stateside, multilevel marketing agents, accusing them of illegally soliciting Texas investors.



Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

The Texas State Securities Board (TSSB) on Wednesday ordered Mirror Trading International (MTI) to cease operations immediately, alleging the South African bitcoin and forex trading network is a multilevel marketing scam.




Stellenbosch-headquartered company fingered as ‘get-rich-quick scheme’ by Texas authorities

A Stellenbosch-headquartered company has been fingered by the Texas Securities Commission as a “multilevel marketing get-rich-quick scheme” and provisionally ordered to cease from trading in the US state.

Mirror Trading International news release


Public statement about Mirror Trading International

We want to make a public statement about Mirror Trading International (MTI). As we have been mentioned as their broker in the company’s marketing materials, we want to set the record straight.

Our company is regulated by the IFSC of Belize, and we have a strict KYC procedure in place for our clients. We endeavour to avoid any client pools where the beneficiaries are hard to identify. MTI opened an account declaring that all the funds they were going to trade were their own. Due to large deposits, and the fact that FXChoice was mentioned in their marketing videos, we had to take a closer look at MTI….


FX CHOICE Block MTI’s Trading Account on 10th June 2020.

Up until recently, South African trading company Mirror Trading International (MTI) has claimed to make its money by trading Forex using FX Choice. In addition to their claims of using FX Choice’s platform to trade Forex, MTI also claimed to have been using Artificial Intelligence (AI) software to execute trades…..


South African Bitcoin Investment Company Faces Fresh Scam Allegations

FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam.

The company says it uncovered this after researching into MTI, a firm that claims to have “118,027 members in 192 countries” and ostensibly sees “12,879.70 Bitcoin in trade daily.”…..



Broker boots Mirror Trading International, claims no trading

Up until recently, Mirror Trading International claimed FX Choice was its broker.

Using FX Choice’s platform, Mirror Trading International claimed to trade using AI bots…..

The is focused on tracking the complex Ponzi, MLM, MMM, crypto scams and the people running them.

Threat Awareness Wiki focuses on leaders well known in the Ponzi world who are predominantly based in South Africa.

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