Serial securities fraud recevidist Ed Zimbardi is beneath investigation in Georgia.
As reported by WSB-TV on February 1st;
the state of Georgia’s securities division has an open and lively investigation into Ed Zimbardi.
Zimbardi, a convicted felon, is thought to BehindMLM because the proprietor of CryptoProgram.
CryptoProgram was an MLM crypto Ponzi scheme that collapsed in August 2023.
Zimbardi rebooted CryptoProgram as Amsys, just for that to additionally collapse shortly after launch.
After declaring he was “not ” in listening to from his victims, Zimbardi stopped making public appearances in the direction of the tip of 2023.
Citing “jilted buyers”, WSB-TV describes Zimbardi’s MLM corporations as an “worldwide Ponzi scheme” that “rak[ed] in hundreds of thousands”.
WSB-TV claims Zimbardi is at present selling AdMediaSpend.
AdMediaSpend’s web site is at present simply an affiliate log in web page.
A linked Privateness Coverage pitches AdMediaSpend as “Personal Membership membership tailor-made for enterprise operators … devoted to safeguarding the privateness of our members.”
Whether or not Zimbardi is working AdMediaSpend is unclear. Sometimes MLM corporations use phrases like “personal membership membership” in an try to cover a rip-off.
Along with Georgia, CryptoProgram attracted regulatory consideration in California and Alberta, Canada.
In accordance with WSB-TV, Zimbardi was convicted on theft associated fees in Georgia over a decade in the past. In 2015 Zimbardi settled EZJR securities fraud fees with the SEC.
Whether or not the SEC is investigating CryptoProgram, Amsys and Zimbardi is unknown.