Edward Zimbardi, promoter of 'The Crypto Program' Ponzi scheme, deported from Fiji to face U.S. charges for allegedly defrauding thousands of investors of $165 million.
Regulation & Gov ·
Edward Zimbardi was deported from Fiji to face U.S. criminal charges related to an alleged $165 million crypto Ponzi scheme. Zimbardi had promoted a scheme called "The Crypto Program," which is said to have involved thousands of investors.
The deportation follows investigative work that connected Zimbardi's activities in Fiji to the fraud allegations in the United States. His transfer to U.S. custody marks a shift from his time in the Pacific jurisdiction, where he had apparently been based.
The case underscores ongoing law enforcement focus on crypto-related fraud schemes. Details on the specific charges, timeline of the alleged scheme's operation, and the status of asset recovery efforts remain unclear at this stage.