The Zimbabwe Republic Police have made a second arrest in connection with the E-Creator Ponzi scheme. Trymore Tapfumaneyi, one of the directors of the company, was taken into custody on 13 July 2023 for fraud involving the scheme. This development follows the closure of E-Creator in July 2023 after it allegedly disappeared with over $1 million of its members’ money. This arrest comes shortly after the arrest of alleged mastermind Zhao Jiaotong.
What was E-Creator?
E-Creator was registered as a legal private company under the Companies and City Council’s acts, accompanied by a Zimra number. The company claimed to be an e-commerce company that partnered with platforms such as Lazada and Zalando. It offered various packages that required members to pay a registration fee ranging from US$15 to US$300 and then post fake positive reviews on these platforms.
The merchants allegedly paid the company promotion fees, and the employees who completed the work allegedly earned commission income. This business model and the high-interest rates of 4 percent per day attracted many investors and customers to E-Creator.
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What Happened to E-Creator?
E-Creator closed down in July 2023, after just two months of operation, due to the alleged disappearance of its founder, Zhao Jiaotong, who was a Chinese national. The scheme scammed thousands of people in Zimbabwe who had invested their hard-earned money in the hope of making some extra income.
Who is Trymore Tapfumaneyi?
Trymore Tapfumaneyi is one of the directors of E-Creator and has been arrested for fraud involving the Ponzi scheme. The Zimbabwe Republic Police made the arrest on 13 July 2023, and Tapfumaneyi is currently in custody. In a tweet, the police said,
The ZRP confirms the arrest of Trymore Tapfumanei (32) on 13/07/23 for Fraud involving E-Creator ponzi scheme. The suspect is one of the directors of E-Creator.
The police are yet to provide more details following the arrests of Zhao Jiaotong and Trymore Tapfumaneyi.
Source iHarare.com
