You can run, but you can’t hide. Federal proceedings await a Georgia man whom authorities accuse of operating a $165 million crypto Ponzi scheme and fleeing to Fiji.

Officials say the venture drew in thousands of investors with promises of unusually large returns, even though their money was allegedly diverted to other uses.

Here’s what to know

In a press release, the U.S. Attorney’s Office for the Northern District of Georgia revealed they named Edward Zimbardi, 59, of Flowery Branch, Georgia, in a federal indictment filed July 8, 2026, alleging 12 counts of wire fraud, 12 counts of money laundering, and one count of money laundering conspiracy.

His initial appearance is expected in Los Angeles before a federal…