THE Reserve Bank of Zimbabwe (RBZ) has advised the public against investing in Ponzi schemes, adding the recent surge in such activities were fraudulent and potential “investors” will fail to recover their funds. In a statement, the RBZ’s Financial Intelligence Unit (FIU) raised concerns with the proliferation of Ponzi schemes in the country designed to…

The central bank said the move is part of its strategy to enhance public confidence through consistent policy implementation and active stakeholder engagement.
