E-creator exposed some people who were involved as it died. Who are they and what do they have to say?

Leonard Sengere Avatar

It’s a common pattern: a Ponzi or pyramid scheme gains momentum, drawing in hundreds or even thousands of people and amassing significant funds before ultimately collapsing.

Unfortunately, those who were deceived often suffer in silence as those who avoided the scheme mock them. Oh, we mock the hell out of them, as we should. We mostly do it for our own pleasure, but some of it serves as a lesson to prevent them from being deceived by such schemes in the future.

Eventually, the incident fades from public memory, only to be replaced by a new Ponzi scheme and the cycle repeats.

Let’s not do that with E-creator. This time around, some infighting led to some inside information leaking out. Meaning we do have a little information to go on. What’s the story?

Zhao, the E-creator founder who tried to run away with US$1m was arrested. Zhao was caught at the airport with an already stamped passport as he looked to make his escape. Also arrested were Justin Kuchekenya and Trymore Tapfumaneyi, who were more visible back when the Ponzi still operated.

Zhao (centre) arriving at Harare Magistrates Court. Source: Herald

After ‘debriefing sessions’ with the police our scammers revealed that there are 2 more co-conspirators that are still at large. We already knew of Abraham Mutambu, who took on some interviews promoting the scam. We didn’t know about…

Billy Thomas Seydou

He was known simply as Thomas on the streets. The police say he was a co-conspirator.

Conversations we have had with people who were involved with E-creator suggest he may actually have been the creator. They claim that he hired Zhao to run his business whilst he oversaw everything from China.

Word is, Zhao attempted to defraud Thomas and was successful in doing so. Upon discovering this betrayal, Thomas exposed Zhao’s identity by sharing his name and picture, which ultimately led to his arrest.

Apparently, this Thomas fellow who outed Zhao is also responsible for outing other people on E-creator’s Facebook page.

William Chui and Nyasha Mudzamba

Thomas, or whoever was posting on Facebook claims William and Nyasha were working with Zhao in some capacity. Thomas shared a screenshot of a text exchange in which he said to William, “I know this guy contact you for USDT for good percentage.”

USDT is a stablecoin, which means it’s a cryptocurrency whose value is tied to the USD. Stablecoins are most popular when crypto traders want to move fiat currencies into crypto or vice versa.

E-creator had thousands millions coming in on EcoCash and it makes sense that they tried to convert it to crypto before moving it out of the country. Which is where William and Nyasha come in.

These guys are crypto traders and so the fact that Thomas would claim that Zhao approached them looking to buy crypto makes sense. We do know that some of the money was withdrawn from EcoCash agents but there’s good reason to believe that before that whole fiasco, some of it was moved using crypto.

We reached out to these two fellows to hear their side of the story.

Willaim says “I buy and sell cryptocurrency. I have never dealt with E-creator. I have dealt with a number of clients. However, after looking at the messages that were shared on the E-creator page, it is probable that there might be a client who is disgruntled for a transaction that went south…”

Nyasha says he doesn’t even know what’s going on. He says he saw that he had been implicated on Facebook but doesn’t understand why that is. He says whoever posted those screenshots is mistaken and has the wrong information.

The other people implicated

Thomas exposed other individuals on Facebook, but their connection to E-creator and its collapse remains unclear. He just put out their names, phone numbers and dollar amounts. Presumably saying they owed that much to E-creator when it folded.

We reached out to these people and every single one of them said they had no idea what we were talking about. None of them admitted to ever investing in E-creator, let alone even being in a position to owe money to the Ponzi scheme.

Some said they did not even know about E-creator, and some said they knew about it but never invested.

Some of them were willing to show us EcoCash statements from February when E-creator launched to date to show that they never received such amounts at any point.

This makes it interesting. Could it be that some of Thomas’ information is inaccurate and he is mistaken on the involvement of these people? Could it be some of these people were involved and some weren’t?

It’s hard to know what’s what because we wouldn’t expect anyone to confess to being involved and so we take all the statements all these people gave us with a grain of salt.

What now?

Zhao and a few other directors are behind bars and will get their day in court and so we will get some answers in due time. Will we recover the $1m? Probably not but some fraction of it may be recovered.

We know some of the top guys in the scheme but what role did the people exposed by Thomas (or whoever) on Facebook play? It’s his word against theirs and we are not about to start believing what Thomas has to say. Neither can we take the word of people who have every incentive to lie.

If the people are telling the truth, we would have questions on just how their numbers came to be used without their knowledge. It would mean either Thomas is grossly mistaken or EcoCash has some weaknesses to plug. We shall explore that next.

Also read:

E-creator is dead, founder flees with US$1m (or so we’re being told), evangelists already promoting other scams

We, the media, failed the nation in our coverage of E-creator


  1. Based on a true story

    Aspiring writers and producers, if you don’t somehow manage to pitch this to Netflix in the next few months, I’ll be disappointed 😂 This could be our Oppenheimer 😭
    Ps. You can credit me as ‘Mysterious comments bro’🤘🏾

  2. Shanandra

    May you not fail us our court of justice

  3. Dennis

    Even if our money has been recovered,how will we get it back .our government is week ,it couldn’t protect its own people .we don’t need these Chinese people anymore

    1. Smokie

      The government didn’t force you to sing up or to deposit the money….feel the sting..michadzidza henyu

      1. Bill Burrisms

        I couldn’t say it hangu, but I was thinking it😅

  4. Dennis

    I Zimbabwe totozvitamburirwa hedu yet vamwe vanhu vanouya votibira hhhh

  5. R

    This is a long story.

    Zhao knew they were up to something.

    1. Mike

      Kwadzinorohwa matumbu ndookwadzinomhanyira

  6. Geralt of Rivea

    I read the Madoff judgement and I picked up something interesting. The judge ordered that beneficiaries of the Ponzi scheme pay back the money they received. I wonder how this will play out if the magistrate makes such a ruling in the E-creator case.

    1. Balanced, as all things should be

      It’s the only logical way to zero the books. After all, it’s ill-gotten gains. Anything else squeezed out of Zhao and team would then be icing on the cake, but I don’t think beneficiaries would agree to that.

  7. Imi Vanhu Musadaro

    William aisashandira Techzim here? Asking, for a friend.

    1. Hgfj

      The same William and golix.theu should go through the sameprocess as Zhao. What was the excuse of not refunding ppl money
      Last done their coins

  8. James

    LOL. William is ex Techzim and ex Golix right? Golix being another big dealer that people lost big money with. interesting

    1. Rtr

      TechZim CEO William Chui filed a complaint against The Herald over copyright infringement by the newspaper involving usage of the TechZim’s material/articles without permission or compensation. Some of the articles cited by the publication as having been used by The Herald without permission include the ones on the following links:

      The one and only

  9. Tkt

    Exo6cash banned it’s users to have multiple Accounts, however I still have a friend who from the beginning his two ecocash accounts still work simultaneously

    Somehow I believe Ecocash has some system anomalies allowing that to happen

    1. Alwin

      I have two ecocash accounts in my name as well, but it’s only because the other line is registered under someone else’s name, so I guess that’s why econet didn’t pick up the duplication

  10. Bet Spindel

    If you are a victim please report them to the Financial Authority in your country, if you need help check out onlineinvestmentscams c | o | m for a free consultation, they’ve been very helpful. Leave reviews on sites such as Sitejabber and trust pilot so others don’t fall for their tricks.

  11. Anonymous Guy

    ini hangu ndakadya yakawandisa, I’m sorry kunevakabirwa and I hope the creators rot in jail