Edward Zimbardi is facing US charges after being deported from Fiji, according to prosecutors, in a case tied to an alleged $165 million cryptocurrency Ponzi scheme. Authorities allege that he collected cryptocurrency from thousands of investors through the operation.
Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation
US prosecutors have charged Edward Zimbardi after his deportation from Fiji, alleging he ran a $165 million crypto Ponzi scheme. Authorities claim he collected funds from thousands of investors, lost more than $34 million in currency…
Cointelegraph by Ezra Reguerra
Publisher Cointelegraph
Aug 18, 2026 at 3:21 AM UTC · 1 Min. Lesezeit
Key Signal
$165M alleged Ponzi scheme size
Last Updated
vor 2 Tagen
Übersetzung…
Prosecutors claim that more than $34 million was lost in currency trades. They also allege Zimbardi spent at least $10 million for personal purposes, raising questions about how investor assets were handled and whether funds were used as represented to participants.
A Ponzi scheme generally involves using money from newer participants to meet obligations to earlier participants rather than generating the promised returns through legitimate business activity. The allegations against Zimbardi remain accusations, and the US criminal process will determine whether prosecutors can prove the charges in court.
Schnelle Antworten
Who is Edward Zimbardi?
Edward Zimbardi is the person US prosecutors have charged after his deportation from Fiji. Prosecutors allege he collected cryptocurrency from thousands of investors.
How much money was allegedly involved in the crypto scheme?
The alleged crypto Ponzi scheme involved about $165 million, according to the headline. Prosecutors also say more than $34 million was lost on currency trades.
What do prosecutors allege Zimbardi did with investor funds?
Prosecutors allege Zimbardi lost over $34 million through currency trading. They also allege he spent at least $10 million personally.
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Originally reported by Cointelegraph
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