Georgia man deported from Fiji to face $165m crypto Ponzi scheme charges
Summary
A man from Georgia, Edward Zimbardi, was sent back from Fiji to the U.S. to face charges for a large cryptocurrency fraud. He is accused of running a scheme that caused over $165 million in losses to more than 6,000 investors by falsely promising high monthly returns.Key Facts
- Edward Zimbardi, 59, is charged with wire fraud, money laundering, and conspiracy.
- He promoted The Crypto Program, promising 25% monthly returns on a $550 investment.
- Instead of using money for advertising as claimed, Zimbardi lost millions on currency bets and spent $10 million on personal items.
- The scheme ran from June 2022 to August 2023.
- Zimbardi fled to Fiji in July 2025 when he learned the FBI was investigating him.
- FBI agents went to Fiji and brought him back to the U.S. through Los Angeles.
- Prosecutors said Zimbardi used new investors’ money to pay earlier investors, a key sign of a Ponzi scheme.
- He is now set to appear in a federal court in Los Angeles.
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