ATLANTA — An alleged Ponzi scheme mastermind Channel 2 Action News has been reporting on since 2024 is now in custody.
FBI agents arrested Edward Zimbardi in Fiji and have extradited him back to the United States.
Stay with WSBTV.com and tune into Channel 2 Action News starting at 4 p.m. for the latest on this developing story
During a news conference on Monday, federal officials said he is accused of taking more than $100 million from his victims.
Channel 2 investigative reporter Justin Gray has spoken with several of those victims over the years who say they thought they were investing in a legitimate business.
Instead, it was a Ponzi.
Zimbardi is in federal custody with the FBI in Los Angeles, back on U.S. soil, and is expected to go before a federal judge facing a long list of charges related to these Ponzi schemes.
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