Lawyers Point to Agreement Related to Johann Steynberg’s Extradition to South Africa – Regulated Bitcoin News

With John Steinberg now detained in Brazil, a lawyer has suggested South Africa may have to resort to an existing legal aid agreement with Brazil if it wants to extradite the chief executive. However, the success of any such extradition will depend on the next steps taken by Brazilian authorities.

Steynberg Extradition Scheme

Following the arrest of Mirror Trading International (MTI) CEO Johann Steynberg by Brazilian law enforcement, lawyer Darren Hanekom confirmed that South Africa did indeed have a legal aid agreement with Brazil. According to the lawyer, the unsigned agreement could be used to help extradite Steynberg to South Africa, where many of MTI’s investors are located.

However in his comments interview Hanekom also revealed via Moneyweb that the United States has a similar agreement with Brazil, allowing the latter to detain Steynberg for up to 90 days. According to the lawyer, there could be two court hearings in the interim, one related to Steynberg’s bail application and the other related to his extradition.

as before report As reported by News, Steynberg was arrested by a division of the Brazilian military police after it received information that the fugitive CEO – wanted by the FBI – was using a fake ID. Immediately after the arrest, Brazilian law enforcement said Steinberg would face charges related to the use of false documents.

crime of forgery

Likewise, in an interview, Hanekom said Brazilian authorities might consider prosecuting the CEO for crimes committed in Brazil. He explained:

We can see from the media release that he was arrested for planning and possessing forged passport-related travel documents. I think there was also a mention of credit cards. We can also conclude from this that this is also likely to constitute a crime in Brazil, which in turn means that the Brazilian authorities could equally decide not to extradite him and prosecute Mr. Steynberg in Brazil.

Rear disappear Steynberg reportedly used the investor’s bitcoin to buy a private jet and several expensive cars in late December 2020. The married CEO also started a romantic relationship with an unknown woman to whom he presented expensive gifts. However, since details of his new lifestyle in Brazil have surfaced, some MTI Ponzi scheme victims are desperate to see Steynberg indicted in South Africa.

However, as Hanekom explains, if the South African government remains a “passive bystander,” Steinberg is likely to be extradited to the United States. If that happens, the chances of those outside the U.S. getting their money back will depend on countries like South Africa triggering “the terms of its Mutual Legal Assistance Treaty with the U.S.”.

Should Johann Steynberg be extradited to South Africa? Let us know what you think in the comments section below.

Terence Chimwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide an escape route for Africans.

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