
Friday Jun 14, 2024
How The Mighty Have Fallen – The Tragic Tale of Two Ponzi Kingpins
Johann Steynberg, founder of the Mirror Trading International Ponzi scheme, may reportedly have faked his demise. While under house arrest in Brazil and facing extradition to South Africa, he apparently died from acute respiratory failure.
Craig Warriner, another major fraudster, was sentenced to 25 years in prison for his BHI Trust Ponzi scheme. Both cases underscore the extensive financial damage caused and serve as a warning against "too good to be true" investments.
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