Don’t invest in dubious financial schemes

THE case involving more than 300 Zimbabweans, who fear they could have lost their money after investing through the Zimbabwe Migration Network Programme (MNP), made headlines in this newspaper.

This loss serves as a genuine reminder for people to be cautious when investing their money.

Luke Mufaro Dzviti spearheaded the scheme which has now left many people counting their losses.

Like any other money-spinning adventure, there was always a significant risk to the investment and now, as largely feared, scores of people might have seen their investments going down the drain.

It’s quite unfortunate that they were duped by a fellow Zimbabwean who fooled them into believing they were doing something which would see them make more money.

Dzviti is said to have pocketed over R3 million from his scheme.

The hopes of recovering the money are very small for many of the Zimbabweans who fell for the trick.

The case is now being handled by the police under case 286/2/2024.

Dzviti should be prosecuted and account for every cent he pocketed.

We can’t afford to let such people continue to fleece honest and hardworking individuals who are battling hard to improve their lives and the lives of their families.

Life in the diaspora is not as easy as many people would want to believe.

People in the diaspora work very hard and it’s quite unfair for them to be duped in one way or the other, especially by their fellow nationals, as is the case here.

Scammers should be jailed and held accountable for duping people.

It’s high time that people should research more about the people they entrust their savings with.

Investors should carry out extensive background checks on the people they are dealing with.

These checks can help them decide about whether they are dealing with the right people or not.

We should never regret these losses when a simple background check can assist us.

Checking people’s criminal records is also helpful before investing in any scheme where the promised financial rewards are high.

In this case, the Zimbabweans who lost their money in the scheme, which was headed by Dzviti, did not do due diligence in checking the backgrounds of the people who were leading the venture.

We have seen similar schemes in other foreign countries like the UK and Botswana where a lot of Zimbabweans have settled.

It’s high time Zimbabweans in the diaspora shun these dubious schemes which are run by their fellow countrymen.

We can’t afford to lose our savings to dubious people.

The fact that people invest in these schemes will always open an avenue for those with evil intentions to come up with more schemes.

They know there will always be this and that person who are willing to pour money into these schemes. It all about scamming and, with the advances in technology, it has become very easy for these masterminds to dupe people.