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At ZBIN we only give free investment information, we do not take funds from members for investment. What you do with the free information we provide you is your business. Our aim is to enable you to make informed decisions when it comes to investment. We like to see more people investing and creating a lot of opportunities for themselves and the nation.

We have a ‘No Thanks Policy’, you just obtain free information and disappear without saying Thank You to the admin. So we have given you a lot of investment information covering Mozambique, Zambia and Zimbabwe-we feel proud of the number of hits of the posts we covered this week. More should be coming your way next week as we cover various investment options.

Online Forex Trading fraudsters

We have decided to end the week by looking at Risk Management. As you know investment and risks zvinoti gedye gedye-pane ma opportunities panozara mbavha. Some time back we encouraged our members to be wary of fraudsters and specifically covered Online Forex Trading where we encouraged members to learn to trade on their own and never allow anyone to trade on their behalf. Do not part with monies by being hoodwinked by Online Forex Traders.

Some are offering free lessons on forex trading and after that encourage members to open accounts and trade on behalf of them. All of these schemes are resulting in a lot of people losing their hard earned monies. As I write this article, I have in my inbox a sister who has provided me with names of 2 Online Forex Traders who received thousands of dollars from a group made of 64 members. Each member contributed funds ranging from $200 to $1500. Initially a few people who invested funds got good returns before the fraudsters disappeared without trace.

As ZBIN we have an Online Forex Trading Group where members get free information and resources, you do not pay joining fees, we encourage members to get confidence trading on dummy accounts before going live. Avoid paying funds to people forming WhatsApp groups claiming to give good returns on investment-most of these people are fraudsters who will disappear with your monies after you have gained confidence in them.

Poultry Fraudsters

The second group of fraudsters comes from people with poultry schemes who visit farmers and selling broiler chicks. They later ask farmers to sign contract forms to join poultry schemes where they pay monies upfront for more chickens with a promise of a guaranteed market. After farmers have parted with their monies, the fraudsters disappear for good. This is rife in rural and peri-urban areas.

So we are coming back again and encouraging our members to be wary of crooks who are coming up with new schemes. The schemes initially give good returns to a few people just like the MMM scheme but with time collapse leaving a lot of disappointed investors.Do not join any new group promising good returns on investment.

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Ntate Victor

The author Ntate Victor

Ntate Victor is a Chartered Management Accountant, ACMA, CGMA and an award winning business coach and consultant. Author of 6 books and skilled in financial analysis, strategic planning, risk management, and business coaching. Contact +263 773 055 063