$165M Ponzi scheme just imploded—founder extradited from Fiji
Edward Zimbardi, 59, promised 25% monthly returns (that's 1,355% APY if you do the math). Classic too-good-to-be-true setup.
The damage:
• $165M+ pulled from 6,000+ investors (2022-2023)
• $34M blown on losing forex trades
• $10M on mansion, luxury cars, alimony
• Rest used to pay earlier investors (textbook Ponzi)
Charges: 12 counts wire fraud, 12 counts money laundering, 1 conspiracy count. Indicted July 8, 2026.
If someone guarantees you double-digit monthly returns in crypto, run. No alpha is worth getting rugged by a boomer in Fiji.
Stay safe out there degens.
Edward Zimbardi, 59, promised 25% monthly returns (that's 1,355% APY if you do the math). Classic too-good-to-be-true setup.
The damage:
• $165M+ pulled from 6,000+ investors (2022-2023)
• $34M blown on losing forex trades
• $10M on mansion, luxury cars, alimony
• Rest used to pay earlier investors (textbook Ponzi)
Charges: 12 counts wire fraud, 12 counts money laundering, 1 conspiracy count. Indicted July 8, 2026.
If someone guarantees you double-digit monthly returns in crypto, run. No alpha is worth getting rugged by a boomer in Fiji.
Stay safe out there degens.