Key Takeaways Edward Zimbardi faces federal charges after being deported from Fiji. Scheme allegedly misappropriated $165 million from thousands of victims. Funds were gambled on foreign exchange trades and personal luxuries. Alleged Scheme Execution Federal prosecutors in the Northern District of Georgia unsealed an indictment on Aug. 17, charging Edward Zimbardi with orchestrating a massive digital asset investment fraud scheme between June 2022 and August 2023. According to official court filings, Zimbardi promoted an initiative called The Crypto Program that promised investors guaranteed monthly returns of twenty-five percent through advertising package purchases. Victims transferred over $165 million in digital currencies …
Bitcoin
Crypto
XRP trades near $1.00, roughly flat over the past 24 hours. That muted XRP price action matters because it comes days after the U.S. Securities …
Schwartz argues that AI regulations could determine not only what systems produce but also how they can be used. David Schwartz, Ripple’s CTO emeritus, …
