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A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg\u2019s attempts to use his Brazilian family as the basis for seeking an end to his precautionary detention.<\/strong><\/p>\n A Brazilian judge recently dismissed an application by Johann Steynberg \u2014 the mastermind behind Mirror Trading International (MTI), one of South Africa\u2019s biggest cryptocurrency scams \u2014 to have his precautionary detention revoked. In his application, the MTI chief executive had reportedly argued that since no formal extradition request had been made the court should at least place him under house arrest.<\/p>\n Steynberg also argued that when he left South Africa in December 2020, there was no outstanding warrant for his arrest and that the case itself failed to meet certain requirements which would make extradition possible. Also, as stated in the document released by the Brazilian judiciary, Steynberg had raised the point that he had since started a family in Brazil, hence placing him under house arrest would suffice.<\/p>\n However, in his ruling<\/a>, Brazilian supreme court judge Andre Mendon\u00e7a rejected arguments brought forward by Steynberg. The judge revealed that South African authorities had in fact \u201cpresented documentation aimed at formalizing the extradition request [on April 14, 2022.]\u201d<\/p>\n In addition, the judge noted that a warrant for Steynberg\u2019s arrest was also \u201cissued on 03\/01\/2022 by the Justice of South Africa, as evidenced by Interpol\u2019s Red Diffusion documents.\u201d A document reportedly sent by the South African Public Ministry suggested that the MTI CEO was being probed for his role in the bitcoin scam when he left the country.<\/p>\n<\/p>\nDocumentation for Steynberg\u2019s Formal Extradition<\/h2>\n
Steynberg a Flight Risk<\/h2>\n