General Interest

take the money and run

Ponzi Schemes: Can Liquidators Claw Back 600% of Payouts?

“MTl\’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from the MTI judgment) Recent media reports of the MTI (Mirror Trading International) liquidators making repayment demands of investors highlight once again […]

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passports

Dual Citizens: Good News if You Lost Your South African Citizenship, But…

“Citizenship is the gateway through which a number of rights in the Constitution can be accessed.  It enables a person to enjoy freedom of movement, freedom of trade, and political representation” (Constitutional Court, quoted in judgment below) Note: Many South Africans who should be aware of this new development will be overseas and/or may not

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ponzi scheme 650

Ponzi Schemes: Another MTI Judgment, Risks and Red Flags

“MTl\’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from judgment below) In times of economic turmoil, the promise of \”easy money\” can be incredibly enticing. Unfortunately, this allure often leads

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