Johann Steynberg, the missing CEO and founder of Mirror Trading International, has been arrested.
The Hawks confirmed Steynberg's detention, according to Financial Sector Conduct Authority's Brandon Topham. Requests for comment from the Hawks went unanswered.
MTI stopped paying out to tens of thousands of subscribers in late 2020.
According to Nerina Steynberg, Steynberg bought a wood plantation in Panama in early 2020, beginning a possible investigation into South America.
While Topham said the Hawks didn't identify where Steynberg was captured, the state of Goiás declared on December 29 that a South African fugitive had been arrested in Goiânia. MTI's founder, according to a statement.
-news24
