CryptoProgram ordered to cease trading in BC, Canada
CryptoProgram has been ordered to cease trading in British Columbia, Canada.
The British Columbia Securities Commission issued the order after CryptoProgram was confirmed to be committing securities fraud.
BCSC issued a CryptoProgram securities fraud warning back in March. That appears to have been ignored, leading to a regulatory escalation.
As per the BCSC’s May 11th cease trade order;
CryptoProgram.me is an entity affiliated with Edward Anthony Zimbardi, a resident of the State of Georgia.
CryptoProgram.me is not a reporting issuer in British Columbia.
Since in or around February 2023, CryptoProgram.me and/or Zimbardi have distributed securities to residents of British Columbia.
CryptoProgram.me and/or Zimbardi have not filed:
1. a preliminary prospectus and a prospectus for the Distribution as required by section 61 of the Act, or
2. a Report of Exempt Distribution as required by section 6.1 of National Instrument 45-106 Prospectus Exemptions (required filings).
BCSC’s order will stay in effect till CryptoProgram registers its securities offering or the order is revoked.
CryptoProgram is an MLM crypto Ponzi scheme pitching a perpetual 25% a month ROI.
Ed Zimbardi is the face of CryptoProgram. He’s believed to be working with unnamed accomplices in Dubai.
CryptoProgram website traffic has continued to decline over the past few months.
As tracked by SimilarWeb for April 2023, top sources of traffic to CryptoProgram’s website are the US (67%), UK (17%), Germany (4%), Australia (3%) and Canada (3%).
CryptoProgram recruitment outside of the US and Australia is in steady decline.
Update 9th July 2023 – CryptoProgram has rebranded as Amsys.
Ed is depositing his own money back into CP to keep it alive.
If you check the Dune graph of inflow/outflow, you’ll see the inflow seems to be increasing. That’s because he’s putting his own money back in to keep the Ponzi going.
I’m putting a video out about this tomorrow but anyone who can analyze blockchain transactions can figure this out.
His actual money or money Zimbardi stole from others?
Money that he’s already stolen from others of course. All of the large deposits originate from the same account.
I emailed him to call him out on this two days ago and he didn’t deposit yesterday. Only $218k in deposits yesterday because he wasn’t putting his own (stolen) money back into CP.
Cryptoprogram was just given a cease and desist from California. The cease and desist calls it a Ponzi scheme.
Thanks for the update. Said it before and I’ll say it again, DFPI’s website makes it impossible to track warnings.
Unless they publish a press-release there’s no way of finding anything unless you already know a warning/order has been issued.
At best I can track the previous month’s announcements. They don’t provide an updated chronological warning/order list for the current month for some reason.
Just finished a long review. Going to take a break to eat then I’ll get stuck into this and CBI’s Namibia shenanigans.