Connect with us

Hi, what are you looking for?

LOCAL NEWS

New Update On E-Creator, Fifty Ecocash Econet Simcards Used In Scamming Millions!

E-Creator Finally Shows Its True Colors, Fails To Honor Withdrawals

E-Creator’s creator, Zhao Jiaotong, used 50 Ecocash sim cards to execute the pyramid scam. Investors reportedly lost more than $1 million to the Ponzi scam, according to estimates.

Yesterday, Jiaotong, Justin Kuchekenya, and Trymore Tapfumaneyi appeared in court, where the investigating officer, Brighton Samaneka, gave a testimony against granting bail.

The group showed up in front of Marewanazvo Gofa, a magistrate in Harare.

Samaneka, a detective with 23 years of experience, said in court that Jiaotong ran 50 Ecocash sim cards that were used to defraud thousands of users.

Since he thought Jiaotong posed a flight risk, he pleaded with the court to refuse them bail.

Advertisement. Scroll to continue reading.

“Subscribers were sending the money via Ecocash to over 50 numbers that were being operated by Jiaotong.

“He was the brainchild of the E-Creator scam. He came into the country on February 3 and on February 7, Tapfumaneyi and Kuchekenya registered the company, each with a 50 percent shareholding,” said Samaneka.

In opposing bail, Samaneka said Jiaotong was a high flight risk.

“As the investigating officer in this matter, I’m strongly opposed to the granting of bail.

“I’m alive to the fact that bail is a right unless there are compelling reasons.

Advertisement. Scroll to continue reading.

“I believe Zhao is a flight risk, I can submit with authority that he is a high flight risk because when he was arrested on 12 July, he was on the verge of skipping the country.

“It’s apparent that his intention was to place himself beyond the jurisdiction of this court.”

He added:

“We managed to seize a stamped passport and boarding passes from him and that alone is clear testimony that we are dealing with an accused person who’s a high flight risk.

“The passport was seized when he was about to board a plane at Robert Gabriel Mugabe International Airport and that was going to be the end of this case.

Advertisement. Scroll to continue reading.

“The court should bear in mind that he’s still sitting on fraudulently obtained money which gives him the capacity to do anything at any time.”

Samaneka also said it was in the best interest of Tapfumaneyi and Kuchekenya to remain in custody because the people they had allegedly duped were furious and determined to seek revenge.

The State submitted that Jiaotong, Tapfunaneyi, Kuchekenya and their accomplices, Billy Thomas Syedou, Abraham Mutambu and others still at large, registered E-Creator Economic Commerce Private Limited in February as an online e-commerce operator.

They went on to dupe people, saying investors would enjoy monthly returns depending on the mounts invested.

Thousands of Zimbabweans flocked to join the scheme, investing up to US$1 000 via Ecocash, on the numbers provided by E-Creator.

Advertisement. Scroll to continue reading.

In addition to appointing brand ambassadors, Madam Boss and Mama Vee, they also employed various agents in major towns and cities countrywide to market their business.

On July 3, some of the subscribers encountered challenges in accessing their funds and approached the company for clarification.

A member of the syndicate, Mutambu, told them that it was a system upgrade affecting access to their funds. He further assured them that the situation would normalise in due course.

On July 5, subscribers were shocked to find that E-Creator had actually published a notice on its website indicating that it was no longer operating, and posted a picture of Jiaotong, saying he had taken their money and absconded to China.

Subscribers went to E-Creator’s Joina City offices and found it locked.

Advertisement. Scroll to continue reading.

The bail hearing continues today.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Catch More Updates Below

LOCAL NEWS

The Herald reports that each lucky customer received a brand-new house, fully equipped with a solar system and Econet Smart Home security. The grand...

BUSINESS NEWS

ECONET Wireless Zimbabwe (EWZ) aims to expand its 5G network coverage to improve overall network performance and service quality for its customers. In the...

LOCAL NEWS

Harare | In the wake of recent service disruptions experienced by Econet, NetOne has emerged as the leading alternative for telecommunications services in Zimbabwe....

BUSINESS NEWS

The top life insurance company in the nation, Econet Life, has introduced the US$30,000 ENDA Smart Schools Promotion. Parents who register and pay before...

Uncategorized

Econet, Ericsson Partnership set to deliver high network connectivity. Ericsson will help Econet upgrade its Radio Access Network (RAN) and mobile Core network. Said...

LOCAL NEWS

Zimbabwe’s largest mobile network operator (MNO) by Subscriber Base, Econet Wireless Zimbabwe, has increased tariffs and bundle prices with effect from 1 January 2023....

LOCAL NEWS

Over US$375 000 Worth Of Prizes To Be Won As Econet Launches Christmas Promotion Econet Wireless has launched its annual Christmas promotion, with over...

Advertisement