Edward Zimbardi, a 59-year-old man from Georgia, has been accused by U.S. prosecutors of orchestrating a Ponzi scheme defrauding more than 6,000 investors worldwide out of over $165 million. Between June 2022 and August 2023, he allegedly promised guaranteed 25% monthly returns to investors who purchased online advertising packages, while using new investors’ money to repay earlier ones. Investigators say he lost tens of millions of dollars betting on foreign currencies and spent at least $10 million on personal expenses. Facing 25 charges including 12 counts of wire fraud and 12 counts of money laundering, Zimbardi allegedly fled to Fiji in July 2025 after learning the FBI was investigating him.
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