PARTNERS IN CRIME…Madam Boss popularised Ponzi scheme

Tyra ‘Madam Boss’ Chikocho

SOCIALITES Tyra ‘Madam Boss’ Chikocho and Admire Mushambi, who is popularly known as Mama Vee, were key players in popularising the E-Creator Ponzi scheme whose subscribers were duped of over US$1 million.

This was heard when the E-Creator founder, Zhao Jiaotong, and director Trymore Tapfumaneyi, appeared in court over the weekend.

The court heard that the two socialites were engaged to advertise the Ponzi scheme and make it attractive to subscribers on their social media pages, which command over a million followers.

On Facebook, Madam Boss has over 1,3 million followers while Mama Vee has over 700 000 followers.

Admire Mushambi known as Mama Vee

It is alleged that Jiaotong, Tapfumaneyi and their accomplices – Justin Kuchekenya, Billy Thomas Syedou, Abraham Mutambu and others who are still at large – registered E-Creator Economic Commerce Private Limited in January this year.

The company was housed at Joina City.

They launched the company as an online e-commerce operator.

They went on to misrepresent to their investors through various ways, including using the social media influence of the likes of Madam Boss and Mama Vee.

The deception was that the investors would enjoy monthly returns, depending on the mounts.

Thousands of Zimbabweans flocked to join.

On top of appointing brand ambassadors, they also employed various agents in major towns and cities throughout the country in order to market the 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, Abraham Mutambu, assured the subscribers that it was a system upgrade that was affecting access to their funds.

He further advised them that the situation would normalise in due course.

Zhao Jiaotong’s passport

On July 5, subscribers were shocked to realise that E-Creator Electronic Commerce Private Limited had actually sent a notice on their website that they were no-longer operating.

They posted a picture of Zhao Jiaotong claiming he was the one who had taken their money and absconded to China.

The investors went to the company’s offices and found out that they had been closed permanently.

Zhao Jiaotong

Jiaotong was arrested at the Robert Mugabe International Airport as he was about to fly out of Zimbabwe.

The duo is expected back in court today to file their bail application.

The State is also expected to have secured a Chinese interpreter for Jiaotong as he indicated that he doesn’t understand English.


Leave a Reply

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


It’s All Smiles at Murambinda Schools

…as President Mnangagwa’s inclusive policy bears fruits The 15th Cabinet session received a detailed report from Vice President Colonel (Retired) K.C.D. Mohadi, Chairperson of the Cabinet Committee on State Occasions and National Monuments, on the successful hosting of the 2024 Children’s Party and the 44th Independence Day Celebrations. The report highlighted significant progress aligned with […]

Read More

IMF Welcomes ZiG

Zimbabwe’s new gold-backed currency, the ZiG, has been welcomed by the International Monetary Fund (IMF) as an important step. The IMF will visit Zimbabwe next month to review the ZiG, which was launched last month. The IMF’s support is a positive sign for Zimbabwe. It sees the ZiG as a key move towards economic recovery […]

Read More

Celebrating African Unity and Zimbabwe’s Contributions to Liberation and Progress

Zimbabwe is joining the rest of the continent in celebrating Africa Day, which marks the founding of the Organisation of African Unity (OAU) in 1963, now the African Union. This year’s Africa Day theme is “Educate an African fit for the 21st century: Building resilient education systems for increased access to inclusive, lifelong, quality and […]

Read More