Local News

Ponzi scheme ‘doctor’ extradited from UAE

NewsDay Staff ·

Ponzi scheme ‘doctor’ extradited from UAE

A FAKE doctor, who allegedly posed as a victim of Berven Capital Ponzi scheme before duping real victims of large amounts of money, was yesterday arraigned before the courts after being arrested by Interpol in August last year.

Shepherd Chibaya was apprehended in the United Arab Emirates and extradited to Zimbabwe after he allegedly fleeced victims of Berven Capital Ponzi scheme of US$100 000.

Chibaya pleaded not guilty when he appeared before magistrate Francis Mapfumo.

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