Bishop Chipunza Assures Investors Scammed By Son Teemak Taona Chipunza They Will Be Paid
Bishop Chipunza who is now in the middle of a ponzi scheme created by his son Taona has assured hundreds of innocent investors that they will get their money back from Teemak. The man of God had to interviene when some of the disgruntled investors started calling him and telling him about what his son had done to them.
Sources close to the matter are saying Teemak only release a list of 36 investors and assured that six will be paid on the 19th of September and he will pay the over investors each following Saturday. Teemak is accused of Scamming over 200 investors the list of 36 he released is just a fraction of people who want thier money back.
Bishop Chipunza said Taona assures the investors that he will take full responcibility and payout to all by 15 December 2020". We the investors were asked if they were hopefull they would be getting thier money back none of them believed they would get paid anything calling Teeemak "munhu wema funnies"
24-year-old Taona Oswald Chipunza – better known as Teemak in music circles –duped unsuspecting investors that include cabinet ministers, high net worth earners, church leaders and ordinary folk alike.
Chipunza is said to have assured his alleged victims, dotted around the globe, of massive financial windfall on their investment. However, the scheme, with all the marks of serious foreign exchange fraud, collapsed spectacularly at the end of June.
Those based in the United States, Germany, Malaysia, United Arab Emirates, South Africa and China say they have lodged police reports in their various jurisdictions, desperately hoping to draw the attention of Interpol.
“We need to stop this boy before he strikes again,” one disgruntled client said by telephone from the US. Chipunza, though, insists that his hedge-fund, as well as the investment vehicles he runs, are above board.
However, what has left the investors shaken is that a quick search revealed that the entities are not registered with state regulators, and have no legitimate earnings.
In his defence, Chipunza says the money owed to individuals had not been paid at the initially promised date of July 31 as he was behind on trading targets.
He is said to owe over US$250,000.
“This project has successfully paid out over US$50,000 since its inception, it is unfortunate that we ran into some challenges which have taken longer than we anticipated to resolve,” Chipunza told the irate victims, who have formed a telegram group in an effort to find a solution.
Chipunza told them: “There’s a lot going on behind the scenes and all I ask is your cooperation so we make this work for all. Certainly all will be paid.”
His victims’ say, contrary to the US$50,000 claim no cent has been made in pay-outs.
24-year-old Taona Oswald Chipunza – better known as Teemak in music circles –duped unsuspecting investors that include cabinet ministers, high net worth earners, church leaders and ordinary folk alike.
Chipunza is said to have assured his alleged victims, dotted around the globe, of massive financial windfall on their investment. However, the scheme, with all the marks of serious foreign exchange fraud, collapsed spectacularly at the end of June.
Those based in the United States, Germany, Malaysia, United Arab Emirates, South Africa and China say they have lodged police reports in their various jurisdictions, desperately hoping to draw the attention of Interpol.
“We need to stop this boy before he strikes again,” one disgruntled client said by telephone from the US. Chipunza, though, insists that his hedge-fund, as well as the investment vehicles he runs, are above board.
However, what has left the investors shaken is that a quick search revealed that the entities are not registered with state regulators, and have no legitimate earnings.
In his defence, Chipunza says the money owed to individuals had not been paid at the initially promised date of July 31 as he was behind on trading targets.
He is said to owe over US$250,000.
“This project has successfully paid out over US$50,000 since its inception, it is unfortunate that we ran into some challenges which have taken longer than we anticipated to resolve,” Chipunza told the irate victims, who have formed a telegram group in an effort to find a solution.
Chipunza told them: “There’s a lot going on behind the scenes and all I ask is your cooperation so we make this work for all. Certainly all will be paid.”
His victims’ say, contrary to the US$50,000 claim no cent has been made in pay-outs.
One Rumbidzai Mhizha, who is said to to have collected investments for the failed scheme, told Zim Morning Post that she had also been duped.
“First of it was not a Ponzi scheme because trading actually happened and the accounts are there to show that. This was a project that completely went wrong,” said Mhizha.
“My job was only to process bit coin transactions in and out of the system. The money that was collected was to keep on trying to make this particular project work and it didn’t collapse. Maybe it collapsed end of June. The organization is not mine, it’s Teemak’s.
“The only difference between me and all the other investors is that I chose to help with everything I had and all I could to make this work and I’m still trying to do what I can to help pay back. Currently there are no investments being collected,” she said.
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