Thanks for all the contributors in this thread, and thanks for FX Choice for clearing the air.
I want to share the following info (all available in the public space). Hopefully this post will deter any future investors from losing hard eared to the MTI scam.
Johann Steynberg is a career scammer & con artist. He has been involved in numerous other scams, including (but not limited too )
KIPI and Crypto Gold. A quick Google search of his name will reveal this.
Here is a pic of him during his KIPI days (Note the logo on his shirt)
Another pic during his Cryptogold days:
Furthermore, other top members & affiliates at MTI are ALSO seasoned Ponzi scheme enthusiasts. Pictured below Cheri Marks and Clynton Marks. They have been involved and promoting past ponzi schemes like,
BTC GLOBAL &
MMM. Cheri was integral to growth of BTC global in SA, and she was in direct communication with the kingpin (There is literally tons of info available on this online, with some even suggesting the kingpin didn't exist and she was behind the whole scam)
While Johann has appeared in select videos the 2 above have made their flashy lifestyle very public,
buying million Rand cars, and even recently
buying a R11 million rand home in Durban.
With over R2bn under Bitcoin management in MTI, and the cloud of doubt hanging over the company one would assume their house in order? Until this day they have not even bothered to file their returns.
This can be verified here:
https://eservices.cipc.co.za/ by searching the company name.
Dodgy characters with a history being involved in scams? CHECK
Not compliant with local company legislation? CHECK
I would urge anyone reading that is not based in SA to report MTI to your local financial services and trading governing bodies. These people have been scamming innocent people for more than 10 years. Unfortunately local authorities are understaffed and overworked, and they have not been convicted for any past schemes.