dyton mupawaenda
Zvikomborero Parafini
INVESTIGATIONS into the infamous E-Creator ponzi scheme, in which investors were duped of over US$1 million, are finally complete.
Prosecutor Tambudzai Masamvi told magistrate Marewanazvo Gofa that the intricate investigations have finally been completed and they are ready to furnish the suspects with a trial date.
It is alleged that Jao Jiaotong, Trymore Tapfumaneyi and their accomplices – Justin Kuchekenya, Billy Thomas Syedou, Abraham Mutambu and others – formed E-Creator Economic Commerce P(Pvt) Ltd in January last year.
The company was housed at Joina City.
They went on to launch the company as an online e-commerce operator.
They went on to misrepresent to their investors that they would enjoy monthly returns, depending on the mounts invested.
Thousands of Zimbabweans flocked to join investing up to US$1 000 through Ecocash on the numbers they provided.
On top of appointing brand ambassadors, they also employed various agents in major towns and cities throughout the country in order to market the business.
On July 3, some of the subscribers encountered challenges in accessing their funds and approached the company for clarifications.
A member of the syndicate Abraham Mutambu assured the subscribers that it was a system upgrade that was affecting access to their funds.
Bongani Ndlovu
Mathew Masinge