Edward Zimbardi
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Summary
Edward Zimbardi is a Flowery Branch, Georgia individual who allegedly operated "The Crypto Program," a cryptocurrency-based Ponzi scheme that raised more than $165 million from thousands of investors worldwide between June 2022 and August 2023 by promising a fixed 25% monthly return on "digital advertising packages." He is the subject of a federal criminal indictment (wire fraud, money laundering, and money laundering conspiracy), prior state securities enforcement actions in California and Georgia, and at least one civil lawsuit from an alleged victim. He fled to Fiji in 2025 and was deported to the United States in August 2026 to face prosecution.
Connected Entities
1 entitiesTimeline(8 events)
2021
Zimbardi allegedly began promoting illegal, unregistered investment schemes, first through an entity called IMG, according to the Georgia Securities Division.
Georgia Secretary of State emergency orderJune 2022
Zimbardi allegedly began operating "The Crypto Program," promoted as digital advertising packages guaranteeing a 25% monthly return.
DOJ press release28 June 2023
California DFPI issued a desist-and-refrain order against CryptoProgram and Edward Zimbardi, alleging unregistered securities sales as part of a Ponzi scheme.
California DFPI enforcement pageAugust 2023
The Crypto Program collapsed; investors were left unable to recover their funds.
DOJ press release / The BlockJuly 2025
Zimbardi allegedly became aware of the FBI investigation and fled to Fiji, where he remained for over a year.
DOJ press release19 February 2026
Georgia Securities Division issued an emergency order fining Zimbardi, IMG, and CryptoProgram.Me $500,000 each and barring Zimbardi from acting as a broker or investment adviser in the state.
Georgia Secretary of State emergency order8 July 2026
Federal grand jury in the Northern District of Georgia indicted Zimbardi on 12 counts of wire fraud, 12 counts of money laundering, and 1 count of money laundering conspiracy.
DOJ press release14 August 2026
Fijian authorities deported Zimbardi to the United States in coordination with the FBI and U.S. Department of State.
DOJ press releasemodel: claude-code-investigator
generated: 9/13/2026, 5:18:12 PM
last updated: 9/13/2026, 6:59:38 PM
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