South Africa’s courts have overwhelmed the Hawks to the punch.
Mirror Buying and selling Worldwide suspected proprietor and confirmed major beneficiary, Clynton Marks, has been arrested for contempt of courtroom.
As reported by Jan Vermeulen from MyBroadband earlier immediately;
One of many highest-ranking members within the collapsed Mirror Buying and selling Worldwide (MTI) pyramid scheme has been arrested for contempt of courtroom.
He was arrested on Friday, 7 March 2025 and was within the holding cells of the Cullinan Justice of the Peace’s Courtroom on Monday pending a listening to.
MyBroadband can’t identify Marks (proper with ex-wife Cherry, additionally a high MTI beneficiary) attributable to authorized causes, however supplies sufficient data to positively establish “the kingpin”.
The person being held for contempt was talked about in these leaks. They present he was within the highest echelons of the MTI pyramid scheme.
In response to their investigation, he pocketed a tidy revenue earlier than the scheme collapsed, withdrawing bitcoin value roughly R74.9 million on the day MTI was liquidated.
From MyVirgo in November 2024;
One of many top-ranking members of Mirror Buying and selling Worldwide (MTI), South Africa’s largest-ever pyramid scheme, is prone to shedding properties valued within the hundreds of thousands.
Liquidators have secured a provisional order to wind up Uprobuzz, an organization allegedly utilized by Clynton Marks to channel unlawfully obtained funds.
Liquidators declare Marks exploited the scheme till its collapse, withdrawing 220 Bitcoin—value R74.9 million on the time of liquidation—whereas having invested solely 22 Bitcoin.
Vermuelen claims he visited Marks in jail, the place he confirmed
he was being held in contempt for failing to adequately reply questions on what occurred to funds he withdrew from MTI.
Ideally South African authorities would have carried out their very own investigation, arrested and recovered what they might from Marks and different MTI scammers, taken them to courtroom and had them despatched to jail for many years… however so far South African authorities have finished, *checks notes*, completely nothing.
This stays astonishing, given Mirror Buying and selling Worldwide is the most important Ponzi scheme in South African historical past. However personally I finished attempting to make sense of it years in the past.
Sadly the Justice of the Peace listening to the civil MTI liquidation case opted to not hear Marks’ contempt cost in courtroom on Monday. When Marks will probably be known as up later within the week is unclear.
Ditto what occurs if he continues to refuse to inform MTI’s liquidators what he did with the 220 bitcoin he stole.
At present, the road worth of Marks’ MTI haul involves $17.7 million USD. Whole MTI sufferer losses have been pegged at $1.7 billion.