FBI Says Crypto Program Founder Ran $165 Million Investor Fraud

TLDR Edward Zimbardi faces federal wire fraud and money laundering charges tied to a crypto Ponzi scheme. Prosecutors say the scheme, called The Crypto Program, took in more than $165 million from thousands of investors. Zimbardi allegedly promised a guaranteed 25% monthly return on advertising packages paid for with crypto. He fled to Fiji in [...]

The post FBI Says Crypto Program Founder Ran $165 Million Investor Fraud appeared first on Blockonomi.