The Reserve Bank of Zimbabwe (RBZ) has warned the public about a scam involving a fake article and video promoting a platform called CryptCandor. 
In a statement, the RBZ said the scam falsely claims that this investment platform offers quick profits. It even pretends to quote the Bank’s Governor to make it seem credible. The Bank has made it clear that these claims are completely false.
The central bank is urging people to be cautious and watch out for “get rich quick schemes,” as these are often traps set by criminals to steal money from unsuspecting individuals. The statement reads:
<blockquote>
The Reserve Bank of Zimbabwe wishes to notify the public of a scam article and AI-generated video titled “The truth is coming out! Government admits it hid this Revolutionary Platform where 99 out of 100 investors are already earning more than $4,000! Now available to everyone!”
The article and video purport that CryptCandor is a legitimate investment platform offering quick returns and falsely quotes the Reserve Bank of Zimbabwe Governor and other individuals.
This misleading information has no basis and the Reserve Bank of Zimbabwe urges the public to exercise extreme caution on such “get rich quick schemes”, which are often devices used by criminals to defraud unsuspecting individuals.
The public is advised to be vigilant before taking part in any such “investments” and in particular to look out for the following red flags:
1. A financial service provider who is not registered or regulated but invites investments.
2. Investment plans that primarily operate on social media platforms with little to no physical visibility in the form of permanent offices, or
3. Promises of super profits or returns that are unrealistic to achieve through known legitimate economic and financial activities.
</blockquote>
In essence, the RBZ is advising against trusting schemes that appear too good to be true, as they are likely scams.

Pindula News

The Reserve Bank of Zimbabwe says there is a fake video and article promoting an investment platform called CryptCandor. The scam says you can make lots of money quickly, but it's not true. The Bank warns people to be careful of schemes promising quick riches, as they are often tricks to steal money. They tell people to watch out for signs like unregistered financial providers, investments on social media, or unrealistic profits. The Bank is saying not to trust things that sound too good to be true, because they are probably scams.

RBZ Warns Public About Fake AI Video Promoting Fraudulent Investment Platform

Econet Wireless Zimbabwe has distanced itself from a message circulating on WhatsApp offering Independence Day Econet 10GB free data.
In a statement released this Monday, Econet said the “promotion” did not originate from them but was the work of scammers. It said:
<blockquote>
Beware of scam WhatsApp chain messages claiming that we are giving away free Econet Data.
Please be advised that these posts are fake, and you should ignore them.
We will communicate through our official channels if we are running any promotions.
</blockquote>
According to <a href="https://www.rd.com/article/how-to-identify-a-scammer/">Reader’s Digest</a>, here is how to identify scammers:
<ul>
<li>Online scammers often claim to be contacting you on behalf of businesses, brands or organizations you know and trust.</li>
<li>If a company or government agency unexpectedly call you on the phone, that’s a tip-off that a scammer may be on the other end of the line.</li>
<li>Beware of anyone who attempts to rush or push you into making a decision without first giving you time to verify and thoughtfully consider their requests.</li>
<li>Scan any emails, messages or online chats you receive for misspellings, grammatical errors, strange subject lines or other discrepancies.</li>
<li>Criminals build fake profiles on dating apps to lure you in with the promise of love, sometimes resorting to love bombing—and then try to coerce you into giving gifts or cash.</li>
<li>On social networks and fake online retailers that are created specifically to appear to be the real thing, it’s not uncommon to find goods at steep discounts. Trust your instincts, and know that if a price is too good to be true, it’s likely a scam.</li>
<li>A promise of easy money – No legitimate financial investment opportunity is sure to ever pay off 100% of the time—and cannot legally be advertised as “guaranteed” income—so be very leery of anyone promising such.</li>
<li>Requests an unusual payment option – It’s not uncommon for romance scammers or someone who’s hacked a friend’s social media account to request that you send money using peer-to-peer payment systems (PayPal, Venmo, Cash App, etc.), gift cards, Western Union, wire transfers or cryptocurrency tokens.</li>
</ul>
More: <a href="https://zero.pindula.co.zw/">Pindula News</a>

Econet Independence Day Free 10GB Data Message Is Fake

ZimTrade has warned members of the public of fake social media accounts created by scammers impersonating its officials.
In a statement, ZimTrade said it has nothing to do with individuals masquerading as an investment firm, encouraging businesses and individuals to join a WhatsApp group. Reads the statement:
<blockquote>
ZimTrade, the national trade development and promotion agency of Zimbabwe, has noted with concern the fake social media groups and communities, some using the name “ZimTrade Investments”, as well as the ZimTrade name and logo.
These groups are being managed, and their content is being circulated by persons using the following numbers: –
(+234 803 236 9061),(+27 81 445 8706), (+44 7418 362595), (+1 (573) 518-5091)
These individuals are impersonating as ZimTrade Officials and masquerading as an investment firm, encouraging businesses and individuals to join a bogus WhatsApp group and follow an unreliable link to join the fake investment firm.
As ZimTrade we would like to advise our stakeholders and the business community that we are not in any way associated with these groups and any content generated by these individuals.
As such, we encourage you to ignore their messages as there is a high risk that these are conmen, likely to dupe people of their hard-earned money.
We are working with authorities to establish the identities behind these bogus individuals, and we strongly advise you to report any direct contact to the official numbers provided below.
ZimTrade continues to support its stakeholders in its mandate to energize Zimbabwe’s export growth.
NB:- Please take note of the following OFFICIAL ZimTrade communication channels and numbers below:
Head Office:
188 Sam Nujoma Street
Avondale, Harare, Zimbabwe
Tel: +263 24 2369330-43
Southern Region Office 
48 Josiah Tongogara Street,
Bulawayo, Zimbabwe |
Tel +263 (29) 266151/62378
Eastern Region Office: 
Suite 6 Manica Centre 
118 Hebert Chitepo,
Mutare, Zimbabwe
Tel +263 2020 62843/46
Twitter: ZimTradeAlerts
WhatsApp: +263 78 866 5599
Facebook: Zim Trade Zimbabwe
Email: info@zimtrade.co.zw 
Website: www.tradezimbabwe.com
</blockquote>

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