A fourth suspect involved in the E-Creator Electronic Commerce company case, where several individuals were defrauded of US$1 million in a Ponzi scheme, was apprehended and presented in court on Saturday.
Abraham Mutambu, who had evaded arrest by relocating to his rural home in Chihota, appeared before Magistrate Yeukai Dzuda. The magistrate remanded him to today for a bail application.
According to the allegations, in January 2023, the accused conspired with Jao Jiatong, Trymore Tapfumanei, and Justine Muchekenya, who are already in custody for the same case, along with other individuals who are still at large.
They devised a plan to defraud unsuspecting Zimbabweans through an online investment Ponzi scheme.
On February 7, 2023, they established and registered a company named E-Creator Electronic Commerce (Pvt) Limited with the Zimbabwean Registrar of Companies.
The company, with registration number 2853/23, operated from rooms 15 and 16 on the 10th floor of the Joina City Building in central Harare.
The accused then presented the company as an online e-commerce operator with a global internet presence.