Brazilian law enforcement recently detained the sought CEO of Mirror Trading International after he was discovered using a forged document.
According to sources from Brazil, Johann Steynberg, the CEO of Mirror Trading International (MTI), a bitcoin Ponzi scam, was recently detained by Brazilian law authorities after he was found using a bogus document. Credit cards, computers, and bogus identities were confiscated after the arrest. Steynberg, who Interpol wants, was detained in the Goiás region by members of Brazil’s military police’s special squad.
The CEO of Mirror Trading produced forged paperwork
The Brazilian military police confirmed the arrest in a statement that also detailed the processes followed before apprehending Steynberg. According to the statement, the suspect was identified and approached after extensive identification and follow-up work and with the support of information provided by the Federal Police. Unfortunately, the suspect produced a bogus document at the time of the approach. In addition to being detained for his role as the brains behind the bitcoin Ponzi scam, Brazilian military police said Steynberg must pay a punishment for falsifying documents.
In late December 2020, Steynberg vanished
Steynberg vanished in late December 2020, as previously stated, when complaints surfaced that some Mirror Trading International investors were unable to withdraw their monies. Shortly after his disappearance, a South African judge declared that MTI had to be put into provisional liquidation. However, other masterminds of MTI — which was designated the worst bitcoin fraud in 2020 — have subsequently mounted a struggle to delay the liquidation of the defunct firm. In the meantime, a court decision on a petition to declare MTI an illegal business is still waiting.