Bishop Chipunza has found himself in the middle of his sons forex trading scam with investors going to him demanding their money which was stollen by his son Taona Chipunza. Teemak last week promised investors he would be paying them what he owes them on Saturday September the 19th. But out of the 200 investors only 2 were paid $50 each by Teemak.
The investors were mad and went to Bishops Chipunzas inbox demanding the wherabouts of his son Taona Chipunza. The man of God told the investors that he was now going to pay them but they needed to wait until December 15 to get their money back as he would be using money from his farming projects and would have the money by then. Teemak has been denying scamming investors and asking for more time and breaking deadlines he has promised the investors but his Father is speaking out and trying to clean up his mess.
A total of over USD $250K was giving to Taona Chapunza aka Teemak when he promised investors he would give them thier money with 50% profit. As soon as Teemak was paid by investors his business partner Rumbidzayi Mhizha bought ma mining Crane and mining equipment. To protect his son from having charges filed against him Bishop Chipunza is now taking full responcibility and has told Investors he will pay everyone who was scammed by his son Teemak.
Teemak & Partner Rumbidzayi Mhizha Used Investors Money To Buy Mining Equipment
In shona there is a saying that goes "Rinamanyanga hariputirwe" which means you can't wrap something with horns. Teemak has been in the news for scamming scores of investors hudreds of thousands in his forex trading Ponzi scheme. A source close to the matter has come out with new infomation on what happened to some of the investors money.
A lady by the name Rumbidzayi Mhizha who was Taona Chipunza's right hand and collected thousands of dollars from the investors has been exposed as someone who also stole from the investors funds . The source who we cannot identify but we will call her Samantha told us "Rumbidzayi Mhizha bought a mining crane and other mining equipment with investors money.
The same time Rumbidzayi bought this equipment is the same time investors started hearing that Teemak had made loses in his forex trading portfolio. It appears money that was ment to be invested was diverted and used to buy the mining crane and equipment. The source Samantha also revealed that Rumbidzayi's father was into mining.
Investors have been begging Teemak and Rumbidzayi to refund them for the last 3 months and all they have received is lies and broken promises from Teemak and Rumbidzayi.