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Accused of being the mastermind behind the Ponzi scheme named E-creator, a Chinese national has been arrested and currently undergoing investigation
The news has it that an A39-year-old Chinese national has been arrested for allegedly running a Ponzi scheme defrauding unsuspecting members of the public through his rebranded MMM E-creator Ponzi scheme
The Ponzi pyramid was named E-Creator, a company that promised investors quick money by sharing positive reviews on e-commerce sites worldwide.
In a statement issued Thursday by the Zimbabwe Republic Police (ZRP) national spokesperson, Assistant Commissioner Paul Nyathi confirmed the arrest of Zhao Jiaotong in connection with a case of fraud in the region
The Zimbabwe Republic Police (ZRP) confirms the arrest of Zhao Jiaotong aged (39) in connection with a case of fraud in which unsuspecting members of the public were defrauded of their hard-earned money through an E-creator Ponzi scheme.
ZRP has started inviting members of the public who might have been defrauded by the scheme to come forth to any of the nearest police stations in the country to give an account of how the scheme has duped them," said Nyathi.
Also, using the opportunity, The Zimbabwe Police then urged members of the public to be wary of the Ponzi scheme or any program that practices money doubling.
As assure the public they will continue to implore members of the public to exercise due diligence before making any payments to Ponzi or pyramid schemes purportedly offering investment for quick returns," added Nyathi. Should you yet to Join World Socio. Now is the right to Sign up for 100% free and continue investing in learning (Invest in yourself)
The news has it that an A39-year-old Chinese national has been arrested for allegedly running a Ponzi scheme defrauding unsuspecting members of the public through his rebranded MMM E-creator Ponzi scheme
The Ponzi pyramid was named E-Creator, a company that promised investors quick money by sharing positive reviews on e-commerce sites worldwide.
In a statement issued Thursday by the Zimbabwe Republic Police (ZRP) national spokesperson, Assistant Commissioner Paul Nyathi confirmed the arrest of Zhao Jiaotong in connection with a case of fraud in the region
ZRP has started inviting members of the public who might have been defrauded by the scheme to come forth to any of the nearest police stations in the country to give an account of how the scheme has duped them," said Nyathi.
Also, using the opportunity, The Zimbabwe Police then urged members of the public to be wary of the Ponzi scheme or any program that practices money doubling.
As assure the public they will continue to implore members of the public to exercise due diligence before making any payments to Ponzi or pyramid schemes purportedly offering investment for quick returns," added Nyathi. Should you yet to Join World Socio. Now is the right to Sign up for 100% free and continue investing in learning (Invest in yourself)