Published Aug 17, 2026, 4:02 PM ET · Updated 3 months ago · 1 source
THE BLOCK: Edward Zimbardi, accused of running a $165 million crypto Ponzi scheme, is due in federal court today after being deported from Fiji to the U.S. last week. Prosecutors allege Zimbardi promised investors 25% monthly returns, spent millions on risky currency trades and personal expenses, and fled to Fiji after the scheme collapsed. He faces wire fraud and money laundering charges.
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Original Report
THE BLOCK: Edward Zimbardi, accused of running a $165 million crypto Ponzi scheme, is due in federal court today after being deported from Fiji to the U.S. last week. Prosecutors allege Zimbardi promised investors 25% monthly returns, spent millions on risky currency trades and personal expenses, and fled to Fiji after the scheme collapsed. He faces wire fraud and money laundering charges.