Zhao Jiaotong
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Zhao Jiaotong | |
|---|---|
| Born | 16 December 1984 |
| Known for | Alleged mastermind of E-Creator Ponzi scheme |
| Criminal status | Awaiting trial |
| Criminal charge | Fraud, money laundering |
Zhao Jiaotong is a Chinese national who is the alleged founder and mastermind of the E-Creator Ponzi scheme in Zimbabwe.[1] He faces charges of fraud and money laundering amounting to US$1 million, following the collapse of the investment platform in July 2023.[2]
In January 2023, Zhao Jiaotong is alleged to have devised a plan to defraud Zimbabwean nationals through an online investment scheme.[2] On 7 February 2023, a company named E-Creator Electronic Commerce (Private) Limited was registered with the Zimbabwean Registrar of Companies.[3] The company operated from offices in Joina City, Harare.[2]
From February to July 2023, the company promoted an online e-commerce investment platform that promised investors substantial monthly profits based on their level of investment.[4] The scheme attracted thousands of investors who deposited an estimated US$1 million through various EcoCash numbers.[2] To enhance its credibility, the scheme used national television, social media, and prominent Zimbabwean socialites such as Tarisai Cleopatra Munetsiwa (Madam Boss) and Admire Mushambi (Mama Vee) for promotion.[5]