E-Creator Shuts Down: Founder Vanishes With a Million
In a shocking turn of events, E-Creator, a prominent Zimbabwean online platform (or rather Ponzi scheme), has abruptly closed down, leaving its users and investors in despair.
The platform lured unsuspecting individuals with the prospect of earning 4% of their deposit every single day.
The platform’s founder Zhao Jiaotong has allegedly absconded with a staggering sum of money, leaving behind a trail of disbelief and tears among the gullible Zimbabwean populace.
As those who invested in the scheme grapple with the aftermath of this devastating scheme, questions arise regarding the extent of the founder’s alleged fraud and the impact it will have on similar business models.
The Vanishing Act
According to reports from multiple sources Zhao Jiaotong fled the country with approximately US$1 million.
The sudden disappearance of the mastermind behind this once-promising platform has left a void in the lives of countless Zimbabweans who placed their trust, hopes, and hard-earned money into the venture.
The news has sparked widespread outrage and feelings of betrayal among the affected individuals.
Gullibility and Tears
E-Creator managed to captivate the attention of Zimbabweans with its promise of online success and financial prosperity.
The platform’s founder cleverly exploited the aspirations and vulnerabilities of many, luring them into investing significant amounts of money.
As the scheme crumbled, gullible Zimbabweans found themselves not only empty-handed but also heartbroken, shedding tears over the lost investments.
This unfortunate incident serves as a stark reminder of the risks associated with investing in ‘fishy’ online ventures, especially those lacking a proven track record and regulatory oversight.
In the aftermath of E-Creator’s demise, opportunistic individuals have already begun promoting alternative schemes, promising quick riches and online success.
Techzim reports that evangelists of various online ventures have seized the opportunity to capitalize on the disillusionment caused by the scandal. This development further emphasizes the need for individuals to exercise caution and conduct thorough research before investing their money in any online venture.
Lessons Learned
The E-Creator scandal serves as a cautionary tale for both investors and aspiring entrepreneurs in Zimbabwe.
It highlights the importance of due diligence, regulatory oversight, and skepticism when engaging with online platforms promising lucrative returns.
Moving forward, it is imperative for the government and relevant authorities to tighten regulations and implement robust monitoring systems to protect individuals from falling victim to similar scams in the future.
E-Creator Shuts Down: Founder Vanishes With a Million
