E-Creator Ponzi Scheme Crumbles As Chinese Founder Disappears with 1 Million Dollars!

In a shocking turn of events, E-Creator, a prominent e-commerce platform in Zimbabwe, issued a statement regarding its founder, Zhao Jiaotong.

The statement alleges that Jiaotong, a Chinese national, has been involved in fraudulent activities, prompting the closure of the platform.

According to the statement, Jiaotong had been withdrawing funds from E-Creator through Ecocash agents in Harare. He would then transfer the money to his personal Ecocash account or use various methods to deceive E-Creator employees into providing him with funds. His actions reportedly resulted in losses amounting to over 1 million US dollars.

E-Creator Pleads for Public Assistance in Apprehending Jiaotong:

Aware of Jiaotong’s intentions to leave Zimbabwe, E-Creator pleaded with the public for assistance in apprehending him. They advised individuals to be vigilant at airports and along border roads. A reward was offered to anyone who could provide information leading to the recovery of the lost funds.

The closure of E-Creator has left many Zimbabweans devastated, as they trusted the platform and invested their hard-earned money in it. The company had reassured people that their money was safe, despite experiencing some withdrawal delays.

Unfortunately, it seems that their trust was misplaced, and now they are left in tears.

What Is A Ponzi Scheme:

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi schemes are named after Charles Ponzi.

In the 1920s, Ponzi promised investors a 50% return within a few months for what he claimed was an investment in international mail coupons. Ponzi used funds from new investors to pay fake “returns” to earlier investors.

Ponzi scheme organizers often promise high returns with little or no risk. Instead, they use money from new investors to pay earlier investors and may steal some of the money for themselves.With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive.

E-Creator Ponzi Scheme Crumbles As Chinese Founder Disappears with 1 Million Dollars!

When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse.

The Crumble Of E-Creator

The E-Creator founder is reportedly on the Run allegedly after withdrawing employees' money according to this post made on the company's social media platform.

This person's name is Zhao Jiaotong, he is Chinese, he is the founder of E-Creator, and he is currently withdrawing money through the Ecocash agent in Harare, and he will transfer money to his personal Ecocash to ask someone to help him withdraw money or through.

The method of transferring funds to the Ecocash agent to defraud E-creator employees of funds, he tried to leave Zimbabwe tonight, carrying all the deposits of E-Creator employees, due to his departure, E-Creator was forced to close.

I am very sorry, He has more than 1 million US dollars on him.

If you find him at the Airport or on the border road, you will get back the money you lost. Let u all find him and get back the money that belongs to us.