UK shuts crypto firm over fraudulent ponzi scheme

A UK crypto investment company promising high returns has been shut down for operating a fraudulent Ponzi scheme, with investors losing over £300,000. Lear

Edward Zimbardi, 59, who had fled US, will appear in court in Los Angeles on wire fraud and money-laundering charges A man from Flowery Branch, Georgia, has been deported from Fiji to face charges in his home state accusing him of defrauding more than 6,000 investors and causing more than $165m of losses in ⁠a cryptocu

Aug 17 - A Georgia man has been deported from Fiji to face charges in his home state accusing him of defrauding more than 6,000 investors and causing more than $165 million of losses in a cryptocurrency Ponzi scheme, the U.S. attorney in Atlanta said on Monday.