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Ponzi Scheme bosses on the run for stealing US$2 Million

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Ponzi  scheme bosses Mpumelelo Khaya Dube (39) and Sithokozile Ndhlovu (29) are wanted by the police in connection with running a pyramid scheme which  frauded members of the public  close to USD$2 million.

Members of the  public who were unaware of the scam were lured to invest in the company on conditions that their investments will increase profit margins by 5% to 100%.

 The duo and  other unnamed accomplices operated an unregistered investment company named Kuwait Dinair Limited [KWD] which is alleged to have been operating the scam business. 

The Zimbabwe Republic Police (ZRP)  police national spokesperson Assistant Commissioner Paul Nyathi in a statement on Tuesday said the police are man hunting the scammers and seeking full information in relation to them.

“The  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.”

The unregistered Ponzi scheme company seemed to have swindled members of the public in a short space of time.

“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),” reads the statement.

“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,” said Paul Nyati 

Nyati added that 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.

In August 22 filed a complaint against regarding the same ponzi scheme company KWD after they lost close to US$5 million.

In August the police launched a man hunt  for Pyramid scheme bosses Bevern Dzinoenda and Ambrose Chikukwa who were running a company called Bevern Capital (Pvt) Limited  operated in Harare and Kwekwe taking deposits of various amounts from people for a return within a week.

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