Online banking platform collapses, investors duped

Paidamoyo Bore

AN online banking platform called E-Creator has collapsed, leaving many users stranded and without their invested funds.

The platform had promised quick investment returns, which attracted users to put money into their wallets. However, the system suddenly collapsed and most users were unable to recover their funds.

Some users reported success with the system, but many lost their money.

“I joined the system after my friend encouraged me to register.

“I initially invested US$15 and following the procedures, it gained interest to $US50.

“I was impressed and then invested US$100. My account showed that it had multiplied to over US$200 then it suddenly collapsed.

“There is nowhere to get my money back since it was an online investment,” said one of the users, Belinda Maruta.

Belinda is not alone.

Tendai Muranda said when E-Creator became the talk of the town, he decided to join.

“After a certain agent explained it to me, I thought it was legit and I joined with US$100.

“I was added to the group and two days later, I saw a message on the group stating that the system was down and the message was also advising group members to stop putting money in their accounts.

“Moments later, I got the shock of my life when I realised that I could not access the platform.

“When I asked the agent, he told me that he was also not aware of what was happening and I lost my money,” said Muranda.

He said he was not sure if he could report the matter to the police since he did not know the owner of the platform except the agent.

The collapse of E-Creator highlights the importance of exercising caution when engaging with online banking platforms and other financial schemes.

National police spokesperson, Assistant Commissioner Paul Nyathi, has regularly warned about the dangers of scammers who pretend to be genuine.

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