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Investigations Into E-Creator Ponzi Scheme Complete

6 months agoFri, 27 Sep 2024 10:04:06 GMT
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Investigations Into E-Creator Ponzi Scheme Complete

Investigations into the E-Creator Ponzi scheme, which reportedly defrauded thousands of Zimbabweans of over US$1 million, have been completed.

As reported by H-Metro, prosecutor Tambudzai Masamvi told Magistrate Marewanazvo Gofa that the investigations have finally been completed and they are ready to furnish the suspects with a trial date.

According to court papers, sometime in January 2023, Zhao created an online investment Ponzi scheme called e-Creator.

On February 7 2021 and in connivance with Tapfumaneyi, Kuchekenya, Bily Thomas Syedou, Abraham Mutambu, Jiatong allegedly registered a company with the Zimbabwean Registrar of Companies named E-Creator Electronic Commerce Private Limited.

The company had its offices situated at rooms 15 and 16 10 Floor Joina City Building, Harare.

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The court heard Zimbabweans across the country invested up to US$1 million into the company through various Ecocash numbers supplied on the platform by the accused.

The suspected fraudsters also allegedly employed various agents in major towns and cities throughout the country to market the business.

It is further alleged that on July 3 2023 some of the complaints encountered challenges in accessing their funds and approached the company for clarifications.

One of the accused persons, Abraham Mutambu assured these complainants that it was a system upgrade that was preventing them from accessing the funds.

The court heard Mutambu further advised them that the situation would normalise in due course.

On July 5 2023 complainants were shocked to realise that E-Creator Electronic Commerce Private) Limited had sent a notice on their website that they are no longer operating.

The company also posted the passport photo of the accused Zhao Jiatong as the one who had taken their money and absconded to China.

The court heard that the complainants also visited the accused’s known offices and saw that they had been permanently closed and there were no signs of business operations.

They received information that the accused person had withdrawn the money and fled.

As a result of the accused’s actions, complainants suffered an actual prejudice of US$1 000 000 and nothing was recovered.

More: Pindula News

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18 Comments

Voltaire · 6 months ago
That Chinese guy is just a pawn, the real E-Creator suspect are walking scot free. Otherwise they are working on another new scam
SWI · 6 months ago
kkk🤣
xxx · 6 months ago
so what's complete and what's the outcome.No investigative journalism here
las vegas · 6 months ago
ma China matsotsi
palmer · 6 months ago
zanzibet ndeipi
bounty hunter · 6 months ago
its betting house just like mws
ClD Admire kuyeri · 6 months ago
Bank
Black Mbazo · 6 months ago
You are roating in prison
bounty hunter · 6 months ago
zanzibet is an online betting site inotangira pa 50cents betting all games
bounty hunter · 6 months ago
l did withdrawal my money from zanzibet yatopinda mu ecocash within 15mins haaaaa ndafara wasn't sure kuti ndeye chokwadi
Purr C · 6 months ago
Mari inokumbirwa kuna Mwari
ck · 6 months ago
makamboivana kupi mari Ino downloadwa
qwerty · 6 months ago
hausati wamboiwana yepainternet? Sorry hako shamwari.
3
million · 6 months ago
zvaanenge jackchan
chaks · 6 months ago
kkkkkkkkkkkk
yes mayezi · 6 months ago
mari ndeyawakabata i think madzidza kubva kumuonde
hoy · 6 months ago
haha kkkk vakavharwa kkkk🤣🤣ndezvenyu ahhh zimbos u want quick money without working for it haaa

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