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The E-Creator Zimbabwe, a ponzi scheme in Zimbabwe, has issued a statement to its stakeholders after failure to honour withdrawals. The notice seen by Pindula News explains that the company has obtained the E-Creator Merchant Account of Ecocash, and therefore, it needs to be connected with Ecocash. Future withdrawals will be free of <a class="MarkdownLink_linkifiedLink__KxC9G">withdrawal fees</a> and can be made within an hour.
The company said the E-Creator Ecocash ACC account supports one-click payment, and all withdrawals can be completed within one hour. The company assures its employees that they need not worry about <a class="MarkdownLink_linkifiedLink__KxC9G">cash withdrawals</a>, as the company headquarters will handle all related issues.
Additionally, during the upgrade of the <a class="MarkdownLink_linkifiedLink__KxC9G">cash withdrawal system</a>, the company will compensate employees for incentive activities. E-Creator remains committed to its development and continued growth, and promises to make life better for all. For employees who have not received cash withdrawals for more than 48 hours, the company will compensate them with 4% of the cash principal they withdraw once the cash withdrawal reaches their account. Reads the notice:
<blockquote>
The reason for the delay in withdrawal is that E-Creator has obtained the E-Creator Merchant ACC of ecocash, so it needs to be connected with ecocash. Future withdrawals will be free of withdrawal fees and can be made within an hour! There will be no withdrawal fees in the future, e-creator’s ecocash ACC account supports one-click payment, and all withdrawals can be completed within one hour. Inform all E-Creator employees not to worry about cash withdrawals, and the company headquarters will handle all problems. Moreover, during the upgrade of the cash withdrawal system, the company will compensate employees for incentive activities. E-Creator will always develop stronger and stronger, E-Creator will make our life better and better For employees who have not received the cash withdrawal for more than 48 hours, after the cash withdrawal reaches your account, the company will compensate you according to 4% of the cash principal you withdraw
E-CREATOR
</blockquote>

<ul>
<li class="text-4xl border-b-2 border-[#e8e9ea] tracking-tight pb-4 font-bold pt-4"><a href="https://www.pindula.co.zw/2023/05/23/public-warned-cryptocurrency-investments-including-e-creator-are-likely-scams/">Public Warned Cryptocurrency Investments Including E-creator, Are Likely Scams</a></li>
</ul>
<h3><a href="https://www.pindula.co.zw/">More Pindula News</a></h3>

Pindula News

Ponzi Scheme E-Creator Fails To Honor Withdrawals

Organizations promising to double cryptocurrency investments monthly, including E-creator, are likely scams, according to Techzim. Doubtful claims and lack of delivery warrant caution from potential investors.
Here is what you need to know:
<ul>
<li>This practice is unethical and illegal in many countries.</li>
<li>E-creator offers unrealistic returns to members who must post 10 <a class="MarkdownLink_linkifiedLink__KxC9G">fake reviews</a> daily, promising roughly 100% of their principal in commissions each month.</li>
<li>Members must deposit money with E-creator and maintain that balance to receive the promised commissions.</li>
<li>E-creator has failed to explain why they require deposits, and they are not licensed to take deposits by the RBZ.</li>
<li>It is advisable to stay away from E-creator to avoid being scammed.</li>
</ul>
Red flags of a scam may include:
<ul>
<li>The organization is not registered with any government agency.</li>
<li>The organization lacks a physical address or phone number for contact.</li>
<li>The highest-level executives and owners of the organization are anonymous.</li>
<li>The organization’s website is poorly designed or contains grammatical errors.</li>
<li>The organization is offering unrealistic returns on investment.</li>
</ul>
So, how does E-creator fare?
E-creator, a Zimbabwean company, raises red flags about its legitimacy, including a misspelt URL, lack of contact number, and app resemblance to a Nigerian firm with withdrawal issues. The promised monthly doubling of investments is unrealistic, and potential investors should weigh these factors carefully.
E for Effort
E-creator’s credibility is in doubt due to a misspelt <a class="MarkdownLink_linkifiedLink__KxC9G">web address</a>, affiliation with Amita, and unrealistic promises. It is essential to hear their perspective and understand their business before drawing conclusions about their legitimacy.
What does E-creator do?
E-creator claims to make money by reviewing products and earning daily commissions, without selling any products themselves. Their business involves gathering people to rate products on e-commerce platforms, but it is unclear how this generates high returns.
Paid/ Fake reviews
E-creator recruits people to post <a class="MarkdownLink_linkifiedLink__KxC9G">fake reviews</a> on e-commerce sites, which is unethical and illegal in many countries. They claim to be paid for it but cannot offer a 100% return to each member. E-creator requires a deposit to join, though the purpose is unclear.
This is how it works:
E-creator offers commissions to members for posting <a class="MarkdownLink_linkifiedLink__KxC9G">fake reviews</a> on e-commerce sites, requiring a deposit for higher commissions and bonuses for recruiting others. Members must maintain a minimum balance and post 10 fake reviews per day to remain in the program.
This is a scam
E-creator’s <a class="MarkdownLink_linkifiedLink__KxC9G">business model</a> of posting fake reviews is illegal and could lead to legal action. Zimbabwe’s <a class="MarkdownLink_linkifiedLink__KxC9G">Consumer Protection Act</a> prohibits false statements about products and services. E-creator’s deposit-taking may also be in contravention of <a class="MarkdownLink_linkifiedLink__KxC9G">Zimbabwean law</a>, but the RBZ has yet to respond.
Stay away
E-creator’s handling of deposits is unclear, and they may be using new recruits’ deposits to pay out withdrawals in a pyramid scheme. The fraudulent and illegal practice of posting <a class="MarkdownLink_linkifiedLink__KxC9G">fake reviews</a> means there is no reason to deposit money with E-creator. It is essential to raise awareness and shut down the company to prevent further victimization.
<h2><a href="https://www.pindula.co.zw/">More Pindula News</a></h2>

Public Warned Cryptocurrency Investments Including E-creator, Are Likely Scams

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