Posts

Showing posts from July, 2023

E-Creator: An Online Ponzi Scheme Exposing Youth Unemployment in Zimbabwe

Image
Ponzi schemes have been a longstanding menace plaguing societies around the world, taking advantage of vulnerable individuals in their desperate pursuit of financial stability. In Zimbabwe, where youth unemployment rates have reached alarming levels, online Ponzi schemes have emerged as a cunning predator, preying on the dreams and hopes of the nation's young population. I pen this to shed light on one such scheme, E-Creator, and explore the underlying factors that have made Zimbabwean youth particularly susceptible to these fraudulent endeavors.   Zimbabwe has been grappling with a severe job crisis, with youth unemployment rates soaring to over 70%. Driven by increasing poverty and limited opportunities, many young Zimbabweans have turned to the promise of quick riches through online Ponzi schemes. Among these, E-Creator emerged as one of the most notorious.   E-Creator promised a lucrative financial platform, enticing unemployed youth to invest their meager savings and e