Edward Zimbardi, accused of masterminding a $165 million crypto Ponzi scheme called « The Crypto Program », was deported from Fiji to the United States to face federal fraud and money laundering charges. From June 2022 to August 2023, he allegedly promised investors guaranteed monthly returns of 25% through crypto-based advertising packages. Prosecutors say he lost more than $34 million on risky foreign currency trades, used new investments to pay earlier investors and spent at least $10 million on personal expenses including a house, luxury vehicles and alimony. Zimbardi has been indicted on 12 counts of wire fraud, 12 counts of money laundering and one count of money laundering conspiracy. He allegedly fled to Fiji after learning of the FBI investigation and remained there for over a year before his deportation.
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