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19 September 2021

Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion – Bitcoin News

Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion – Bitcoin News


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Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion – Bitcoin News.

However, as the report states, other investors have now come to the conclusion that the liquidators could be “seeking powers that would allow them to claw back the withdrawals of all members, even if they lost money in the scheme.”.

In other instances, investors have been warned if “MTI is declared a pyramid or Ponzi, then all profits would be declared proceeds of a criminal enterprise and would be forfeited to the state.” This means that instead of recovering part of their invested funds once the liquidation process is complete, to add insult to injury they would also be asked to pay back what they withdrew.

Do you agree with the liquidators’ push to have MTI declared an unlawful scheme.

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