Alleged $165M Crypto Ponzi Mastermind Edward Zimbardi Deported From Fiji, Faces US Charges
Updated — view changes (3)
· body · New information from a source
Edward Zimbardi was deported from Fiji to the United States to face charges related to an alleged $165 million crypto Ponzi scheme, according to Cointelegraph and The Block.Prosecutors allege Zimbardi collected cryptocurrency from thousands of investors, lost over $34 million on currency trades, and spent at least $10 million personally, per Cointelegraph.- Fiji has deported Edward Zimbardi to the United States to face charges over an alleged $165 million crypto Ponzi scheme, according to The Block.
- Zimbardi promoted an operation called 'The Crypto Program' and allegedly collected crypto from thousands of investors, according to The Block.
- Prosecutors allege Zimbardi lost more than $34 million on currency trades and spent at least $10 million on personal expenses, according to Cointelegraph.
- The case adds to a string of crypto-related fraud prosecutions in which promoters solicited digital-asset investments from large pools of retail participants before the schemes collapsed.
- Zimbardi now faces US charges tied to the alleged scheme following his deportation from Fiji, according to both Cointelegraph and The Block.
· summary · New information from a source
Edward Zimbardi faces US charges after deportation from Fiji over alleged $165M crypto scheme.- Edward Zimbardi, promoter of 'The Crypto Program,' was deported from Fiji to face US charges over an alleged $165 million crypto Ponzi scheme.
· headline · New information from a source
Edward Zimbardi deported from Fiji to face $165M crypto Ponzi charges in US- Alleged $165M Crypto Ponzi Mastermind Edward Zimbardi Deported From Fiji, Faces US Charges
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Fiji has deported Edward Zimbardi to the United States to face charges over an alleged Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation.
crypto Ponzi scheme, according to The Block.
- Zimbardi promoted an operation called 'The Crypto Program' and allegedly collected crypto from thousands of investors, according to The Block.
- Prosecutors allege Zimbardi lost more than
Prosecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million personally.
on currency trades and spent at leastProsecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million personally.
on personal expenses, according to Cointelegraph.
The case adds to a string of crypto-related fraud prosecutions in which promoters solicited digital-asset investments from large pools of retail participants before the schemes collapsed. Zimbardi now faces US charges tied to the alleged scheme following his deportation from Fiji, according to both Cointelegraph and The Block.
Sources: Cointelegraph, The Block
This article is for information only and is not financial advice.
Story so far 2 updates
- flashEdward Zimbardi deported from Fiji to face $165M crypto Ponzi charges in US
- storyAlleged $165M Crypto Ponzi Mastermind Edward Zimbardi Deported From Fiji, Faces US Charges
