- Edward Zimbardi is accused of organizing and promoting a cryptocurrency Ponzi scheme under the name “The Crypto Program.”
- Prosecutors allege that he raised money by promising investors 25% monthly returns.
- Zimbardi has been charged with wire fraud and money laundering and is set to appear in US federal court.
Forecast Trend Report by Period
A Georgia man charged in a $165 million cryptocurrency Ponzi scheme has been deported from Fiji to the US and is set to appear in federal court.
The US Department of Justice said Aug. 17 that Edward Zimbardi is accused of organizing and promoting a pyramid scheme called “The Crypto Program” from June 2022 to August 2023.
Prosecutors allege that…
