Ponzi Scheme Directors Vanish With US$2 Million
The Zimbabwe Republic Police (ZRP) has launched a manhunt for two people who ran a pyramid scheme which swindled unsuspecting members of the public of nearly US$2 million.
Mpumelelo Khaya Dube (39) and Sithokozile Ndhlovu (29) and others operated an unregistered investment company named Kuwait Dinair Limited [KWD] which is alleged to be at the centre of the scam.
In a statement on Tuesday, police national spokesperson Assistant Commissioner Paul Nyathi said:
The Zimbabwe Republic Police is seeking information on the whereabouts of Mpumelelo Khaya Dube (39) NR 08 -939433 Z 73 and Sithokozile Ndhlovu (29) NR 59 -2003848 S 03 in connection with a case of Fraud involving pyramid schemes which occurred in Harare.
During the period extending from 13 July 2020 to 06 August 2020, the two accused persons and others operated an unregistered investment company named Kuwait Dinair Limited [KWD] which was a money pyramid scheme (Ponzi).
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Unsuspecting members of the public were invited to invest in the company after being promised profits ranging from 5% to 100%. They swindled USD$1 910 000.00 from a number of complainants and nothing was recovered.
Anyone with information pertaining to the whereabouts of the duo and their accomplices may contact Criminal Investigation Department Commercial Crimes Division Northern Region on 0242 777646 / 0772771767, National Complaints Desk 0242 703631 or Whatsapp 0712800197.
