Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa – Regulation Bitcoin News


With Johann Steynberg now in custody in Brazil, a lawyer has instructed that South Africa might should resort to an current authorized help settlement with Brazil if it needs to have the CEO extradited. However, the success of any such extradition will rely on the subsequent steps taken by authorities in Brazil.

Steynberg Extradition Options

Following the seize of Johann Steynberg, the CEO of Mirror Trading International (MTI) by Brazilian regulation enforcement, lawyer Darren Hanekom has confirmed that South Africa does have in place a authorized help settlement with Brazil. According to the lawyer, the unsigned settlement might presumably be used to assist facilitate Steynberg’s extradition to South Africa, house to many traders in MTI.

Yet in his feedback throughout an interview with Moneyweb, Hanekom additionally revealed that the United States has an identical settlement with Brazil which permits the latter to maintain Steynberg in custody for as much as 90 days. According to the lawyer, throughout this era two court docket hearings are more likely to be held, one which pertains to Steynberg’s software for bail and one other one for his extradition.

As beforehand reported by News, Steynberg was arrested by a unit throughout the Brazilian army police after it acquired info that the fugitive CEO — who is needed by the FBI — was utilizing a faux identification doc. Immediately following the arrest, Brazilian regulation enforcement stated Steynberg would face expenses referring to his use of the faux doc.

Fake Document Offense

Similarly, in his remarks throughout the interview, Hanekom instructed that Brazilian authorities will doubtless think about prosecuting the CEO for offenses dedicated in Brazil. He defined:

From what we are able to discern from media releases is that he was arrested for planning and being in possession of falsified journey paperwork referring to passports. I believe there’s additionally point out of bank cards. What we are able to additionally draw from that’s that that would very properly be an offence in Brazil as properly, which in flip signifies that the Brazilian authorities might equally take a choice to not extradite him, and prosecute Mr Steynberg in Brazil.

After disappearing with traders’ bitcoins in late December 2020, Steynberg reportedly went on to accumulate a non-public jet plus a number of costly automobiles. The married CEO additionally started a romantic relationship with an unnamed lady whom he showered with costly items. However, for the reason that emergence of particulars of his new life-style in Brazil, some victims of the MTI Ponzi scheme are wanting to see Steynberg being prosecuted in South Africa.

Yet as Hanekom explains, Steynberg is more likely to be extradited to the United States if the South African authorities stays a “passive bystander.” Should this occur, then the possibilities for these based mostly exterior the U.S. recovering their funds will rely on international locations like South Africa triggering “the mutual legal-assistance treaty provisions that it has with the United States.”

Should Johann Steynberg be extradited to South Africa? Tell us what you assume within the feedback part under.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It just isn’t a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

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