MAJOR UPDATE August 21, 2023: Ed Zimbardi Rug Pulled on August 19th, 2023. This comes only 4 months after I had a debate with him and called him out for being a scammer.
Ed Zimbardi closed the member’s only Facebook group, shut down the backend of the AMSYS/CryptoProgram website, cashed out over $2,500,000, and boarded a flight.
He claims the “anonymous people” in the background ordered this to happen but there are no anonymous people. Ed Zimbardi stole the money and ran. This program will never come back and there will be no more payouts despite what Ed says. No Ponzi has ever started paying out again after they collapsed, and the reason for pausing the payments is just an excuse.
Who is Ed Zimbardi and Should you invest in CryptoProgram?
It’s a Ponzi scheme. Here are some clear facts upfront.
There are two Cease and Desists issued for CryptoProgram, now known as AMS or AMSYS. These also include Ed Zimbardi in the orders. Proof is posted below. The program was changed from CryptoProgram to AMSYS after these Cease and Desists so new potential members wouldn’t see them, and because Ed thought it would skirt around the issue.
As of August 11th, 2023 there are lots of people complaining about missing payments. Proof below.
This Ponzi scheme is starting to have problems and it’s not looking good for investors.
Now I will tell you about Ed because, despite his claims, he is the only person behind CryptoProgram. You have to fully believe Ed’s story and that there are “anonymous” people working to generate returns for you.
Who is Ed Zimbardi?
PHYSICAL DESCRIPTION
YOB: 1967
RACE: WHITE
GENDER: MALE
HEIGHT: 5’06”
WEIGHT: 195
EYE COLOR: BROWN
HAIR COLOR: BLACK
Edward Anthony Zimbardi, or Ed Zimbardi as he goes by, has been a conman and a swindler since he was convicted of felony Theft by Taking in 1997, at 30 years old. I believe this started much earlier and have heard of lawsuits and arrests prior to this but I haven’t been able to confirm – yet.
For example, I have seen an arrest report from when he was around 18 years old by a viewer who reached out to me. I can’t confirm if he was convicted or not.
Ed destroys virtually all of his relationships if given enough time. Most of his family seems to have disowned him. He sees people as marks and tries to find out ways he can rip them off.
There are hundreds of unsolicited negative reviews online starting as early as 2010 saying he conned people. HUNDREDS. There’s a Facebook group with over 200 people dedicated to warning people about Ed. Here’s a video with one of Ed’s victims from back around 2014:
Ed Zimbardi Recent Crimes – PAMM Accounts
In 2022, Ed stole millions of dollars by setting up three illegal Ponzi schemes. These Ponzi schemes were set up as MLM companies that offered to trade on behalf of their clients.
Once the users started cashing out of the three PAMM (trading accounts) accounts, Ed ran off will the money and told the victims that the traders had made bad decisions.
The traders were “anonymous”. This happened in THREE separate accounts that Ed was the “master affiliate” for. All three separate accounts had the same thing happen.
In reality, Ed was partnered with an unregistered and illegal broker (IMGfx). Ed manipulated MT4 (trading software) data to make it look like trades were happening. There was NO trading happening at all. MT4 data is very easy to fake.
Ok, maybe it would be somewhat believable if it happened once. But, three times? Come on. No way. Ed is the ONLY known person in all of the scams he runs and claims there are anonymous people behind the scenes. In every scam, the money disappears.
Ed stole $34 Million in the three PAMM accounts he operates. I’ve been able to trace the crypto wallet addresses to confirm this.
How is it possible that there are anonymous traders of THREE separate accounts that Ed managed that all lost the money virtually overnight? It’s not. Now, Ed has another scam he’s set up called CryptoProgram.
Just like the previous scams, the people operating behind the scenes are all anonymous. Really? The people don’t exist, just like the other scams Ed has run.
Ed Zimbardi Interview (Confrontation)
CryptoProgram Review – It’s a Scam
CryptoProgram is a clearcut Ponzi scheme. It’s very obvious and the majority of people invested already know that. If you’re reading this, you are NOT early to the party. You’ll likely lose the majority of your money and Ed will steal it just like he did in all of his other scams. CryptoProgram will collapse in due time because it’s a Ponzi scheme built off of lies.
UPDATE – Missing Payments
This is updated on August 11, 2023. Cryptoprogram/AMS/AMSYS has now been missing payouts. This happens in every Ponzi scheme. Ed Zimbardi has already started the slow rug pull.
Here’s how it works…
When this style of Ponzi scheme doesn’t have enough new investments to pay people out, there will start to be payment issues. In this case, Ed is blaming the payment issues on his developers saying there are problems with the website.
Once this starts happening it turns into a snowball effect. Once other members hear about the payment delays, some of them will inevitably start requesting their money back, which causes more payment issues. The cycle repeats and snowballs more until Ed will have to come up with a big excuse for why no one is getting paid.
These exit excuses end up being things along the lines of:
- Hacked
- Anonymous person stole the money (like in Ed’s PAMMs)
- The government is investigating so payments are paused
- New payment processor isn’t working
- The developer stole the money
- People like Ponzi Patrol ruined the program (lol)
- Edit August 21: The exit excuse is that members were defrauding the program by stealing money from CryptoProgram and that payments will resume in 90 – 120 days. Payments will never return. It’s over.
The members and promoters will for sure blame me as part of the reason it collapses. That’s hilarious though – imagine a bank or stock collapsing and blaming a YouTuber for why they went out of business. If CryptoProgram was legitimate then there’s no way it would collapse based on (true) scrutity) from a YouTuber.
Proof of Missing Payments (click on each image to open)
Red Flag 1
Ed Zimbardi is the person behind CryptoProgram. He is THE red flag. There’s nothing else anyone would need to know to stay away from it. However, I’ll share a few more if for some reason you’re still not convinced.
Red Flag 2
CryptoProgram offers 25% per month returns. This is a red flag. No legal investment offers a 25% per month passive return. Not a single one. This is usually the first sign that something is a Ponzi scheme – astronomically high returns.
Red Flag 3
CyrptoProgram is an illegal, unregistered security. Now, I know there will people reading this who think that it’s not a security because it’s crypto. Well, that’s not true at all. It IS a security.
Here is a presentation I created called Securities Laws for Dummies. In this presentation, you’ll find that the SEC says “Any investment in securities in the United States remains subject to the jurisdiction of the SEC regardless of whether the investment is made in U.S. dollars or virtual currency.”.
Red Flag 4
CryptoProgram has overly consistent and basically guaranteed returns. Just because they say the typical scammer disclaimers like “this is not guaranteed” doesn’t matter. Everything else they say is to convince you that it’s consistent and will be around for years to come. This will NOT be around for years to come and is losing steam already.
Red Flag 5
Ed claims he is not the owner and that the owners are anonymous. This is a typical Ponzi-type thing to do where the “owners” are “anonymous”. It’s obvious to anyone using their brain that Ed Zimbardi is the only person behind this scam. His rebuttal to me telling him it is illegal is “Who would they arrest or sue? They don’t know the owner’s address or who runs the company”. Well, in that case, he’s telling you he knows it’s illegal but since he is just the “master affiliate” he wont’ get caught.
Red Flag 6
There are Fraud Warnings and Cease and Desists in B.C., Canada and California. Here is the fraud warning from Canada.
Here is the Cease and Desist from California. This C&D called it a Ponzi scheme. They would not call it that without clear financial records showing proof that it’s a Ponzi.
I’ve been contacted by other regulators asking me questions. There will only be more and more fraud warnings and cease and desists.
Now, there’s a cease and desist from B.C for Ed and the CryptoProgram in Canada as well. Ed is skating on thin ice here and will be arrested soon.
Ed’s response to being investigated is a typical scammer response. He says “He can’t understand how 25% can be paid out and knows nothing about how Ad Media Buying works”. I DO know about ad media buying and have spent over 8-figures on advertising. It DOES NOT work the way Ed is sharing. No need to go into details.
Another important bit is that it’s not about belief. No on needs to believe him if he registered the business and proved it, which he’s legally required to do anyways. The entire purpose of registering a business that offers securities is to submit audited proof of external ROI. This way no one has to just blindly believe a fraudster like Ed Zimbardi. It’s fairly simple to register with the SEC.
Report Ed Zimbardi to Authorities
It’s very important to keep putting pressure on the authorities in cases like this so it doesn’t get swept under the rug. There is an active investigation in Georgia and it would really help for anyone reading this to take 2 minutes to report him.
He is in the process of stealing hundreds of millions of dollars through CryptoProgram. Don’t let him get away with this.
Report to: William Hughes Securities & Charities Division
Georgia Secretary of State
Random Facts About Ed Zimbardi
There are some questions I’ve seen people asking online that I’ll cover here.
How tall is Ed Zimbardi?
Ed is 5’6″ tall. That is 167 centimeters.
Where does Ed Zimbardi Live?
Although this is public information, I don’t want to open up legal trouble by doxxing him. Ed lives in a modest home in the suburbs of Atlanta, GA. He has millions of dollars of stolen money but he can’t spend it on nice things without laundering it. Ed drives an old Toyota.
Here is all the documentation I cited in the video: MT4 Can be manipulated (easier to watch but less techy): • Fake MT4 Profits …
MT4 Data can be manipulated Part 1: • Forex Scam: Metat… MT4 Data can be manipulated Part 2: • [NEW 🔥] Fake Fore…
Compiled reviews and known scams Ed has committed or been involved in: Ed Compiles Reviews (only some of them)
If I missed anything that I mentioned I would cite, please ask for it in the comments and I will add it.
Brandon …Wondering if anyone has contacted you about not receiving payout or payback from crypto program ?
Edit (Aug 16th, 2023): As of August 14th I have seen a tremendous amount of complaints from CryptoProgram/AMS members saying they’re not receiving their payments. This Ponzi is collapsing in front of our eyes. It’s only a matter of time until Ed makes up the exit excuse. There are only a few things he can say… “Hackers stole the money”, “Ponzi Patrol caused this program to collapse”, or “The anonymous people in the background stole the money”, or “They had to stop paying because of the government”. All will be BS. The real reason for the collapse will be that there aren’t enough new investors to sustain the payouts.
It is still going because Ryan Matthew and Christopher Livingston keep pushing people to sign others up and make package declarations. In this private group on Facebook called Team Hope Wealth Builders there are 463 members and they are all buying packages every chance they get. People are sinking every dime they have into it and bring family and friends into it. As soon as they get a payout they buy more. Ryan Matthew has single handedly signed up hundreds of people in my small town and is making over 60 grand a month.
Hi Ella. There are people refinancing their homes to invest. They’ve all seen the information I’ve provided and the Cease and Desists too. It’s hard actually feel bad for the people who have seen this info and continue to donate money to this scam.
It’s amazing he is not swimming with the sharks, along with his other crooked leaders promoting crypto program . They’ve destroyed peoples lives. God said vengeance is his. I’ve lost money with crypto program by these crooks , but I know God will handle them all . 😊
Dear Valued Users,
In these challenging times, we understand that the current pause in our program might raise questions and concerns. We want to address these issues head-on and provide you with the assurance you need. This pause is not only a necessary step but also a crucial one to ensure a brighter and more secure future for all of us. It will return. It is not going anywhere anytime soon.
We are fully aware of the difficulties that have arisen due to inconsistencies between the old and new databases. These discrepancies have led to a range of issues that have affected your daily experience, from tracking and payouts to cancellations, reporting, activations, and even more concerning instances of double payments and fraudulent activities. We deeply regret any inconvenience you’ve faced as a result.
Please understand that your crypto is safe. The main reason behind these significant changes is to protect your interests and the platforms integrity. By pausing the program and taking a thorough approach to resolving these issues, we’re demonstrating our unwavering commitment to your future well-being.
During this pause, our dedicated team is working relentlessly to address every concern. We are not only focusing on restoring functionality but also taking this opportunity to completely overhaul our database and website. This meticulous review of each and every record is ensuring the highest level of accuracy and reliability for your data.
Furthermore, we are actively developing a more robust payment processing system that prioritizes security. We are also upgrading the purchasing platform to provide you with a smoother and more user-friendly experience. These changes are designed with your satisfaction and safety in mind.
Your patience during this phase is genuinely appreciated. We understand that you may have additional questions, and we wish we could provide all the answers immediately. However, at this time, the information we’ve shared represents the extent of our current understanding of the situation.
Please be assured that your trust and crypto are of the utmost importance to us. We are taking every possible measure to protect your accounts, information, and packages. While we work diligently to resolve these matters, we encourage you to avoid clicking on any links sent via email to prevent phishing attempts that could compromise your account security.
When the program restarts within the next 90-120 days, it will emerge as a stronger and more sustainable platform. The challenges we’re addressing now have prompted this temporary pause, but this proactive approach is what will secure a brighter future for us all. Top affiliates will be contacted first to be re-onboarded to ensure that everything is working perfectly before everyone is re-onboarded.
As we move forward, we will provide you with details on accessing our new system. We’ll guide you through the process to ensure a smooth transition, and you’ll be able to use the same email address to re-establish your account. Please note that your password, 2FA, and wallet will be reset as a precaution. Once the pause period concludes and we relaunch, payments and cancellations will resume without any disruptions.
Until every record is reviewed no one will be bumped to the front of the line for cancelations they will resume within the 90-120 point. There is no reason to message customer support as they will not be able to respond to any exceptions you may have. We ask you to be patient.
We want to express our gratitude for your understanding and patience during this period of transformation. This pause reflects our commitment to providing you with an enhanced and secure experience. Stay tuned for more updates within your account, and let’s look ahead to a brighter financial journey together.
Warm regards,
Amsys
Yep. Full on collapse. There won’t be any more payments that start up. He just says “paused” so people don’t go mass report him to the authorities.
Hi KK. There are quite a few people contacting me now telling me they aren’t receiving their payments. I have lots of screenshots. I’ll update the article.
So who are you?????
Hi Steven. I’m the Ponzi Patrol. I call out Ponzi schemes and share information to warn people so they don’t get scammed.
Hi,
Do you have the TG link sent to you as noted in the comments of the latest video re Ed Z.??
It’s the FireTeam1 AMS group with Scott Morris.
Why are current members in this blowing off the California order saying Ed is not even in the states and the program is in Poland? They say it’s called ASM now? Are the authorities going to allow this to continue as is?
Hi BH – This will likely collapse before the authorities shut it down. It’s on its way out already with lots of missing payments. The authorities don’t like to shut these Ponzi schemes down before they collapse because the members blame the government instead to the promoters.
I took your advice and sent a complaint to BCSC by the way. I am part of the group and have loads of inside info.
Great job. You can also send a complaint where you live. Feel free to email me or contact me on Telegram at PonziPatrol to share info. Thanks!
I was offered an opportunity to invest in the marketing system. What are your thoughts on the viablility of his program to last? I’ve been told its been running for 14 months now and it seems too good to be true.
Ponzi schemes last until there aren’t enough new investments to pay out old investors. The Cease and Desist from California called it a Ponzi scheme. They wouldn’t do this without having financial records to prove it. I also proved it in one of my videos.
Dear Ponzi Patrol,
Can you tell us how you make your money? How are you able to profit off this yourself? And forgive me for asking, but if your income is off views on youtube, etc. don’t you make more money the more you predict doom and gloom for this platform? I’m not saying that I know if this is a good investment or a bad investment, but for you to invest this much time and effort into bringing down Ed Zimbardi, I must assume you are profiting from this view you take on the program in some way, yes?
Hi Rod Neighbour. This COSTS me over $200/mo to produce videos and host this website. My YouTube Channel is currently not monetized. I also don’t have any ads on this website. Therefore, instead of making money, this COSTS me money. Zero income from this. If you factor in opportunity cost, exposing scams like this costs me hundreds of thousands per year.
I make money as a business and marketing consultant and from online business ventures. My hourly rate for marketing and online business consulting is $1,000/hr. Most of my income is from investments. I’m 35 and never have to work again if I don’t feel like it. My point – I don’t do this for money.
Any more questions?
🙏🤗
Great work Ponzi Patrol, can’t wait to see this collapse and hopefully all the leaders especially in UK get arrrested as they post absolute bs showing their wonderful lifestyles to draw people in .My advice don’t spend that stolen money …you going to have to pay your victims back.
Thank you. I’m hoping the top promoters get criminally charged and have to pay it back as well.
Awesome work on this monitoring! Is there a Dune page for the USDT-TRC20 wallets, like they did for the earlier USDT-ERC?
Thanks. Yes, kind of. You can follow transaction and similar graphs on Tronscan. https://tronscan.io/#/data/analytics/account/portrait?address=TRwURrPSMsqAFam39buJiMzWbdHfxF6MXc
Hey Ponzi Patrol
Ed’s at it again with another one called Arbitrage Stack. It promises 2.1% daily, 5 days a week, that’s over 40% a month (WOW) It launched about 2 weeks ago and already the site’s been down for 2 days and guess what, payment issues are in the air. There’s one name I’m seeing regularly with him (S.M)
You should do some digging into it.
Yep – Ed was for sure involved in this and Scott Morris is his right-hand man these days. Scott has even set up a PAMM account the way Ed set up his PAMM accounts in the past. Scott is using an illegal offshore brokerage that Ed is a part owner of. Scott is building up to launching a referral program for the PAMM, it will build up, and the “trader” will “lose all the money”.
I lost 20k in 2020… and people are still falling for Ed scams?