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Zimbabwe ex-diplomat in fraud storm

Shamiso Fred, a former honorary diplomat to the United Arab Emirates (UAE), faces legal action for allegedly defrauding Zimbabweans living abroad in what is suspected to be a Ponzi scheme.Around 300 diasporans who invested in the African B…

Published: 22 May 2024 at 09:59hrs | 12 | by Staff reporter

Diplomat dragged to court over Ponzi scheme

A DIPLOMAT linked to an Asian country has been dragged before the Harare Magistrates' Court accused of swindling his countrymen in the diaspora of millions of dollars in a Ponzi scheme.This emerged last week when a Harare woman, Vimbai Dzi…

Published: 05 Feb 2024 at 04:12hrs | 3 | by Staff reporter

Our Ponzi country Zimbabwe

A Ponzi scheme, for those unfamiliar with the term, is a way of creaming off money from deluded investors. They initially receive handsome returns but this does not come from profits on their investment but from new suckers drawn into the …

Published: 05 Mar 2019 at 13:39hrs | 4 | by ZimVigil

Latest pyramid scheme to hit Bulawayo

On Saturday morning, a horde of well-dressed young men and women turned their backs on the glass doors of a three-star city hotel in disappointment.The man who they had dressed up for had not turned up. The man's disciples, dressed to the …

Published: 25 Jul 2017 at 07:22hrs | 2 | by Staff reporter

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Search / Ponzi

Zimbabwe ex-diplomat in fraud storm

Diplomat dragged to court over Ponzi scheme

Our Ponzi country Zimbabwe

Latest pyramid scheme to hit Bulawayo

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