Two more people have been arrested for operating an illegal money lending scheme and money laundering.
The money lending scam is called the Pyramid scheme involves the pooling and distribution of funds by recruiting subscribers. DEC public relations officer Samuel Silomba has confirmed the arrest of two directors at Rouzbrig Enterprises in a statement released to ZNBC News.
Scrivener Chulu, 58, a businessman of Matero, has been arrested and jointly charged with Davies Banda, 59, a businessman of Lilanda Site 5.
He said the duo have been operating an illegal Money Pyramid Scheme contrary to the Banking and Financial Services Act under the laws of Zambia.
Mr. Silomba says the continuation and realization of any benefits from the scheme depended on the recruitment of more subscribers from members of the public for unspecified periods.
The Drug Enforcement Commission – on Friday arrested two directors of the Lwesa Empowerment General dealers for operating an illegal money lending scheme and money laundering offences.
Sabwendo Simasiku 52 and Sida Lweendo 48, all of Lusaka are alleged to be operating an illegal money circulation pyramid scheme.
Pyramid Scheme Executives Arrested For Money Laundering added by on
View all posts by →
Too bad! but what about this Forever Living Products who are recruiting members to be selling health products are they not illegal
Is it the same as POWER CLUB? yaba!
more money in yo pocket. let them free since they agreed wth their clients.
leave them alone… and just speed up liato’s case
that is nt an issue but tissue pipo,we need,pliz batumfweko! I hold you in high esteem bcoz u ar 200percent democratic,how about discussing sensitive articles in the constitution plz! This is were our minds meet, though i stay in a remote part of zambia,am with u o tha way bafipee!!
Jus let them pay tax ,registration & some fine .
Why arrest them when u’ve failed to arrest dangerous criminals… i.e The Mailon Brothers .?
gud work ba Dec cage them,they drive expensive cars using illegal money bafikala…
Thanx DEC officers 4kaming 2ma rescue..plz maximize their sentence n exercise minimum lenience on them..
Take me on vacation anyone before and after I get married. sex with no strings attached
please! Lots of love Carolina Rodriguez, Liaison Officer/Slutty Protocol assistant at the High Commission of the republic of Zambia in Ottawa, Canada. I like really rich men only. I got surgical great perky boobs, tattoo on my hip, tattoo on left wrist, pierced clit. Come and get me!
thank you and keep inviting me to luxury hotels for personal services
@ c rodrigue….yo prayer has been answered. Am a rich young man in need of freak to spend ma money on. ..call me!
Aaaa Biz narbing poor zambians who ar striving to earn a living, leaving your felow team mets because u people dine together.
this is better than kaloba..why arrest people who use initiative..let them free…!
I also have mo questns than ansrs on the foevr living products
Let’s not be so shallow minded, these schemes are the order of the day in developed countries! Let people join them at their own risk. DEC arrests people mfyo mfyo mfyo…, for nyo nyo nyo, atase!
Forever living is not a piramid scheme, it’s a multi level marketing co. otherwise known as Network marketing, which is legal in Zambia. It’s clean money which you have to work for.Just do your research and join us!
It show that our laws are outdated, these schemes are all over the world, all what govt needs to do is legalise nd regulate them and make them pay tax considering that jobs are hard to come by. This will help reduce poverty in the country.
It shows that our laws are outdated, these schemes are all over the world, all what govt needs to do is legalise nd regulate them and make them pay tax considering that jobs are hard to come by. This will help reduce poverty in the country.
@ carolina whom do u think is interested with yo filthy stinking clit….. go f..k yoself wit a stick walabelesha saana…
DEC my opinion is your priorities are misplaced. Deal with mega issues not aya ama seesee ya money laundering…. Get back to ur drawng board!
DEC, any comment on Forever Living, Power Club or other Multi Level Marketing schemes? Incidentally, do you bloggers recall the Golden Products trading scheme of the late 90s? What happened to it? What also happened to Gorgis Food supplements and California Formula and the infamous energy booster brought into Zambia in the Late 90s by one Nkabika? Pheeew, am tired of writing…..
@Rupiya, the impression created by Forever Living as evidenced by their recent meeting in Lusaka on Sunday is that there is easy money and that one is able to make at least K50m in 14 days just recruiting members to be selling their expendive herbal products etc. This seemed too eady and mudt have a catch someehere. indeed as Kapuli asks, can DEC issue a statemrnt on these schemes?
Ba DEC mulafichitilamo! U arrest pipo who re makin a honesty livin frm their initiatives’.There re som govt depts. Where officers literally steal monies ment 4 da vry vulnerable e.g pipo with disabilities
The Ponzi scheme….
so bad for the man. what i was thinking is that he was crating employment and helping the people not to bury money. what is self employment if that way was wrong?. how was he stealing from from those clever and out spoken women they showed on TV?.
Every weekend i used to pay a quick visit this site, because
i wish for enjoyment, for the reason that this this web page conations genuinely nice funny information too.