Georgia man claims to make you quick, straightforward cash. Victims say he’s nothing however a grasp manipulator – WSB-TV Channel 2

ATLANTA — Jilted buyers declare a Georgia man is behind a world Ponzi scheme, raking in hundreds of thousands.

That man says he’s merely a savvy investor sharing these alternatives with others.

Channel 2 shopper investigator Justin Grey confirmed from sources that the state of Georgia’s securities division has an open and energetic investigation into Ed Zimbardi.

How buyers stated Zimbardi schemed them out of their cash and what’s now being executed to carry him accountable, LIVE on Channel 2 Motion Information at 5 p.m.

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They usually aren’t alone. The state of California and a Canadian province are already taking authorized motion.

It was a promise of quick, straightforward cash that impacted individuals from all walks of life, everywhere in the nation.

Is he a meteorologist who tracks hurricanes in keeping with a press launch? A famend environmental activist, in keeping with a Texas information website? An anti-human trafficking philanthropist, in keeping with an Oregon TV station or a musician, in keeping with a West Virginia website?

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All of the articles posted inside days of one another from a paid press service, more likely to disguise who Georgia resident Ed Zimbardi actually is.

“He’s a grasp manipulator,” an investor instructed Grey, asking solely to be recognized as Jennifer over concern of retaliation.

A person with a protracted historical past of funding controversies. Some now-former buyers name them Ponzi schemes.

MORE STORIES FROM 2 INVESTIGATES:

“He sells you a dream. That’s what he’s doing,” investor Derek Corrado stated.

A convicted felon right here in Georgia, the California Division of Monetary Safety despatched Zimbardi and his crypto program a cease-and-desist order final 12 months. British Columbia in Canada despatched a stop commerce order.

He has beforehand needed to settle with federal regulators on the SEC.

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