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.
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.
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
TEXAS STATE SECURITIES BOARD
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.
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.
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.
FX CHOICE NEWS RELEASE ON FOREX PEACEARMY.
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….
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…..
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.”…..
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…..