Edward Zimbardi, 59, has been deported from Fiji and returned to the United States to face federal charges linked to the alleged “Crypto Program” Ponzi scheme.
According to prosecutors, the scheme raised more than $165 million from over 6,000 investors, who were promised guaranteed monthly returns of 25%.
Investigators allege that investor funds were used to pay earlier participants, finance foreign-currency trading and fund at least $10 million in personal expenditures.
Zimbardi faces multiple federal counts involving wire fraud and money laundering.
The charges remain allegations, and he is presumed innocent unless proven guilty.
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