Reports indicate that VK Lion Heart, the man accused of masterminding a large-scale forex Ponzi scheme, has been arrested in Zimbabwe.

Lion Heart allegedly swindled unsuspecting investors out of thousands of dollars in a scam that promised lucrative returns but left many in financial ruin.

He is currently being held at Harare Central Police Station. Police have urged more victims to come forward and assist with investigations, as the scale of the alleged fraud could be larger than initially reported.