'The Crypto Program' promoter Edward Zimbardi deported from Fiji to face charges over alleged $165 million Ponzi scheme.
Regulation & Gov ·
Edward Zimbardi, associated with a scheme called "The Crypto Program," has been deported from Fiji to face charges in the U.S. The action follows allegations that the operation functioned as a Ponzi scheme involving an alleged $165 million in investor funds.
The case centers on a structure that collected capital from thousands of participants under the promise of cryptocurrency returns. Zimbardi's removal from Fiji marks a significant step in the enforcement action, moving the defendant into U.S. jurisdiction to stand trial on the underlying charges.
Key details remain under investigation, including the full scope of victim restitution efforts, the identities and roles of co-conspirators if any, and the timeline for legal proceedings.