Edward Zimbardi, accused of orchestrating a $165 million crypto Ponzi scheme called 'The Crypto Program', has been deported from Fiji to the United States to face federal charges including wire fraud and money laundering.
The US SEC and CFTC filed civil lawsuits against Goliath Ventures and founder Christopher Delgado over an alleged $400 million crypto Ponzi scheme. Delgado agreed to settle the SEC case after previously pleading guilty to wire fraud and money laundering.
Misam M. Abidi, 47, of Tennessee, has been indicted on 11 federal charges for allegedly running a cryptocurrency investment fraud scheme called Star Credit Holdings from 2020-2024. Prosecutors claim he defrauded investors out of millions by operating a Ponzi scheme, diverting funds, and failing to report income.
Ohio investment manager Rathnakishore Giri, 31, was sentenced to nine years in prison for a $10 million cryptocurrency Ponzi scheme. He defrauded investors with false promises of Bitcoin trading returns, using new funds to pay earlier participants and continuing the fraud while awaiting sentencing.
Christopher Delgado, the former Goliath Ventures CEO charged with fraud and money laundering, has publicly apologized to investors of what US prosecutors allege is a Ponzi scheme.
Miles 'Burt' Marshall, 74, a tax preparer and insurance salesman from Hamilton, New York, pleaded guilty to second-degree grand larceny, securities fraud and first-degree scheme to defraud for running a Ponzi scheme that stole over $50 million from nearly 1,000 people and organizations. The scheme, known as the '8% Fund,' operated for decades using new investor money to pay returns to earlier investors. Marshall faces 4-12 years in prison at sentencing on June 11.
