comment

South African charged with $1.7 billion bitcoin fraud scheme

The U.S. Commodities Futures Trading Commission charged South African resident Cornelius Johannes Steynberg in a $1.7 billion bitcoin fraud scheme involving a company called Mirror Trading International Proprietary Limited.
Steynberg and MTI allegedly operated a fraudulent multilevel marketing scheme, misappropriating funds and engaging in deceptive practices, leading to legal action seeking restitution and penalties.

South Africa eyes Nomad goldrush, targets wealthy remote workers in new draft regulations