Brazilian police have arrested South African Johann Steinberg. It is the fugitive organizer of Mirror Trading International, the largest cryptocurrency pyramid of 2020.
Johann Steynberg, creator of Mirror Trading International, was wanted by Interpol and the FBI in December 2020. Brazilian military police GIRO received information about a South African wanted by Interpol. Exactly one year later, in December 2021, he was identified using forged documents, arrested and taken to the federal police station in Goias.
Using the Ponzi scheme and promising monthly returns of up to 10%, the founder of the pyramid has managed to defraud thousands of depositors. Clients from the USA, Canada, Namibia and other countries were affected. According to preliminary estimates, more than 29,000 BTC passed through Steinberg’s company (about $ 300 million in 2020 prices).
The pyramid’s transaction database was hacked by the Anonymous ZA group, which drew attention to suspicious MTI activity. Subsequently, in October 2020, the FSCA searched MTI offices and shareholder houses. The CEO disappeared in December 2020 when it emerged that a number of MTI investors were unable to withdraw their money.
In a statement released by the military police of Goias, it is said that “the perpetrator was presented to the PF Superintendent to carry out an international arrest warrant and a fine for the crime of using forged documents.
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