Crypto Promoter Edward Zimbardi Deported After Alleged $165M Ponzi Scheme

Edward Zimbardi, promoter of The Crypto Program, has been deported from Fiji to the US after spending over a year on the run. He is accused of running a $165 million Ponzi scheme between June 2022 and August 2023.

Zimbardi allegedly promoted the scheme through videos and websites offering advertising packages with a guaranteed 25% monthly return. However, he did not use the funds to purchase these packages.

Instead, prosecutors claim that Zimbardi used money from later investors to pay earlier investors, lost substantial amounts in foreign currency bets, and spent at least $10 million on personal expenses.