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AN online-based company called E-Creator which is being referred by many as a pyramid or ponzi scheme closed five days ago in Harare following delays in transfer of money to its ’employees” Ecocash accounts.
Anyone who joined Ecreator was called an employee. The requirement for one to become a VIP 1 employee was US$15 and by the end of the month, this money would purportedly increase to US$50.
A VIP 2 employee required a minimum of US$100 and a maximum recharge of US$500. VIP 3 employees needed a minimum of US$500 and a maximum of US$2000.
To upgrade an account from one VIP to another, it was mandatory that one had to invite a certain number of people to join the ecompany. Many employees of the online company had worked hard to become VIP 2 employees.
On Friday the 30th of June 2023, withdrawing money from Ecreator’s accounts to its employees Ecocash accounts faced challenges, after which many of the employees believed that they had lost their money to Ecreator.
Claris Bwanya, a VIP 1 employee of the ecompany said, “I will never involve myself in these scams again, I joined barely two weeks ago.”
Another employee who prefered to be anonymous said, “Abraham must be tortured, for real. He will tell us where he put our monies. He shouldn’t behave like this!!! We invested funds until we reached US$500 thinking we are now making US$20 dollars per day and now the platform closes just like that…”
Dylan Dzenga said, “…We don’t care, what’s important is that we were making a little bucks on top of our salaries these past months. Now we are joining Engie.”
“Those who see in the spirit… why did you not tell us this would close? I would not have sold my car to invest in Ecreator…,” mourned one B.T Dodzo.
Chiripamberi Abigail said, “…In God we trust. Our lives and the tricks we do to survive come from God. Let’s mourn Baba Guti, May His Soul Rest In Peace ”
Yesterday, Ecreator posted on their official Facebook page that Zhao Jiaotong, the founder of the company, was at the airport flying back to China after he withdrew money from all the employees’ accounts.
Ecreator manager Mr Abraham Mutambu speaking to ZBC News on the 4th of July said, “The company is fixing Ecocash issues as there was disorder, some were receiving double payment after they had withdraw ln once, for instance, one could withdrew US$100 and he or she would receive US$200.”
“So we are maintaining our financial system and those with delayed withdrawals, by Saturday noon they would have received their money with an interest of 4%,” he added.
With financial technology advancing and spreading globally, cases of scams and fraud are likely to increase.