CEO of Mirror Trading International Bitcoin Ponzi Scheme arrested in Brazil

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Johann Steynberg, the wanted CEO of Mirror Trading International, was recently arrested by Brazilian law enforcement after being caught using a false document. The arrest, which took place in the province of Goiás, was carried out by Brazilian military police.

Fake IDs, laptops and credit cards seized

Johann Steynberg, CEO of Mirror Trading International (MTI), a bitcoin Ponzi scheme, was recently arrested by Brazilian law enforcement after being caught using a forged document, according to reports from the country of ‘South America. Following the arrest, credit cards, laptops and fake IDs were also seized.

According to several reports in Portuguese, Steynberg, who is on Interpol’s wanted list, was apprehended in Goiás province by members of an elite unit within the Brazilian military police.

In a statement confirming the arrest, Brazilian military police also shared details of steps taken before the decision to capture Steynberg was made. The statement explains:

After an intense work of identification and follow-up, and with the help of information transmitted by the Federal Police, it was possible to identify and approach the suspect, who presented a false document at the time of the approach.

Steynberg fined for using false document

In addition to being arrested for his role as the mastermind behind the MTI bitcoin Ponzi scheme, Brazilian military police said Steynberg also had to pay a fine for his use of a forged document.

As previously reported by Bitcoin.com News, Steynberg disappeared at the end of December 2020 when reports revealed that several MTI investors were unable to withdraw their funds. Shortly after her disappearance, a South African court ruled that MTI should be placed in interim liquidation.

However, since then other brains from MTI – which was named the biggest bitcoin scam of 2020 – have waged a battle to block the collapsed company’s liquidation process. Meanwhile, a court ruling on a petition to have MTI declared illegal activity is still pending.

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Terence zimwara

Terence Zimwara is an award winning journalist, author and writer from Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

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