Court proceedings commenced yesterday against two directors accused of operating the E-Creator pyramid scheme that allegedly cost investors more than US$364,647. Jao Zhao Jiatong and William Chui entered not guilty pleas to fraud charges during their appearance before the tribunal. Defense attorneys Moffat Makuvatsine and Claude Bare represent the accused men respectively. Prosecutors plan to call celebrity witnesses Cleopatra Tarisai Munetsiva, known as Madam Boss, and Admire Mushambi, called Mama Vee. The state alleges both defendants orchestrated the fraudulent investment platform.
Jao's legal team submitted a defense outline denying any participation in deceptive investment practices. The defendant claims he never promoted profitable returns through the E-Creator Electronic Commerce company. His lawyers argue that casual acquaintance with individuals named Thomas and Billy formed the basis of unfounded accusations. Jao maintains he lacks English proficiency and never communicated with prosecution witnesses. The defendant has remained in custody since 2023 while awaiting trial.
Prosecutor Loveti Muringwa alleges the scheme began in 2023 when defendants created the fraudulent platform. Investors received false promises about significant returns on their deposits made through EcoCash mobile payment systems. The accused allegedly converted victim funds into cryptocurrency while knowing the platform generated no legitimate profits. Court documents reveal that approximately US$250,000 moved through an EcoCash agent operated by Blessing Julias. William Chui reportedly facilitated transactions through his digital marketing and cryptocurrency business operations.
Jao's legal team submitted a defense outline denying any participation in deceptive investment practices. The defendant claims he never promoted profitable returns through the E-Creator Electronic Commerce company. His lawyers argue that casual acquaintance with individuals named Thomas and Billy formed the basis of unfounded accusations. Jao maintains he lacks English proficiency and never communicated with prosecution witnesses. The defendant has remained in custody since 2023 while awaiting trial.
Prosecutor Loveti Muringwa alleges the scheme began in 2023 when defendants created the fraudulent platform. Investors received false promises about significant returns on their deposits made through EcoCash mobile payment systems. The accused allegedly converted victim funds into cryptocurrency while knowing the platform generated no legitimate profits. Court documents reveal that approximately US$250,000 moved through an EcoCash agent operated by Blessing Julias. William Chui reportedly facilitated transactions through his digital marketing and cryptocurrency business operations.
