In announcing their withdrawal as Mirror Trading International’s attorneys, the law firm Ulrich Roux and Associates stated it

made it clear from the outset that we were in no position to provide potential clients with financial advice as to whether they should invest with MTI, as we are not financial advisors, nor are we specialists in Bitcoin or any other form of cryptocurrency trading.

URA is in no way affiliated to MTI and can accordingly not be held responsible or liable for any profit or loss arising from any investment made, using the MTI platform.

If that sounds like a law firm desperately trying to cover its ass, you’re not wrong.

Here’s why.

The following are excerpts from just one Mirror Trading International webinar, on which Ulrich Roux, owner of Ulrich Roux and Associates, made an appearance.

During his time on the webinar, Roux (right) rubber-stamps MTI’s business operations multiple times, and otherwise pretty much does exactly what his law firm claimed they had never done above.

The
webinar in question
took place on November 27th, shortly after the
FSCA conducted its raids
.

Cheri Marks, suspected owner of MTI, hosts the call.

She opens by describing Ulrich Roux and Associates as being in Mirror Trading International’s corner.

We are very fortunate in Mirror Trading International to have excellent contractors in our space and in our corner, that understand our structure.

That understand our directors, that understand our shareholders, and also understands the dynamic of how Mirror Trading International functions.

That would of course mean Ulrich Roux and Associates are in on
MTI being a Ponzi scheme
.

Marks claims that Roux is on the webinar to

tell you a little bit about what his view is on where MTI is at legally. What the situation is with the FSCA and really to give you an idea of where our minds are at … and what we foresee happening going on forward.

The first thing Ulrich Roux clarifies is that his firm’s relationship with MTI “goes back quite some time”. Mirror Trading International launched around mid 2019.

We’ve always believed in the MTI strategy and in the way you do business.

Ignoring securities fraud altogether, Roux goes onto state why he thinks the FSCA began investigating MTI.

We want to see, not only the business, but especially all the members and leaders that are on this call do well.

And I think that is the basis of all the negative attention that MTI is actually getting from the FSCA… is that they simply cannot fathom how a business can get such good returns for their members, and uh, yes.

We pointed that out to them (and) that is why they are attempting to muzzle you.

How simplistic. South Africa’s top financial regulator just doesn’t want to see Ponzi scammers do well.

Good grief.

Roux goes on to answer some questions posed by Marks. The first question pertains to MTI’s legal status in South Africa.

Whether intentionally or out of ignorance, Roux ignores securities fraud and inst

🤖 Quick Answer

What was Ulrich Roux and Associates' stated position regarding MTI investment advice?
The law firm declared it was not positioned to provide financial advice on MTI investments, lacking credentials as financial advisors and cryptocurrency specialists. They emphasized no affiliation with MTI and disclaimed responsibility for profits or losses from platform investments.

Why did Ulrich Roux and Associates withdraw as Mirror Trading International's attorneys?
The document indicates withdrawal occurred following the firm's disclaimer statements, though specific reasons remain unclear from the excerpt. The withdrawal appeared connected to potential liability concerns regarding MTI's operations and client investments.

What role did Ulrich Roux play in Mirror Trading International's promotional activities?
Ulrich Roux, firm owner, participated in MTI webinars. The excerpt suggests potential contradiction between the firm's disclaimer of affiliation and Roux's involvement in promotional content, raising questions about actual business relationships.

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