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$165m crypto scheme suspect deported from Fiji – FBC News

$165m crypto scheme suspect deported from Fiji – FBC News

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A 59-year-old American accused of running a $165 million cryptocurrency Ponzi scheme has been deported from Fiji to the United States to face federal charges.

Edward Zimbardi, of Flowery Branch, Georgia, was deported on August 14 after Fijian authorities were alerted to the charges against him.

U.S. authorities allege Zimbardi created and promoted “The Crypto Program” between June 2022 and August 2023, promising investors guaranteed returns of 25 percent a month.

Thousands of investors allegedly transferred more than $165 million in cryptocurrency into wallets secretly controlled by Zimbardi.

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