Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty

Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty


In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the MTI liquidation process is finalized.

Liquidators Failing ‘as the Deemed Public Officers’

The South African revenue collector is said to have lodged a claim of approximately $55 million against the now defunct bitcoin Ponzi scheme Mirror Trading International (MTI). The claim lodged with the Master of Cape Town High Court relates to two tax periods, the years 2019 and 2020.

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According to a report by Moneyweb, the revenue collection body known as the South African Revenue Service (SARS) said it wants

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