The Chronicle

Sukulwenkosi Dube-Matutu, Chronicle Reporter
POLICE have arrested a fraudster for allegedly defrauding four Hwange residents US$18 300 in a fake crypto shares investment.

National police spokesperson, Assistant Commissioner Paul Nyathi said Farai Chingombe (38) tricked the residents into investing their money from January to August this year.

“I can confirm that we have arrested one Farai Chingombe in connection with a case of fraud. From January to August 2021, four Hwange residents were duped various amounts adding to US$18 300 after being asked to invest in a crypto shares’ investments. The matter was reported to the police leading to the arrest of Chingombe. Investigations are underway,” he said.

Asst Comm Nyathi urged members of the public to be wary of fraudsters inviting them to invest their hard-earned cash in ponzi schemes. He said the public needs to ensure that they engage in legitimate investment…

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