Former CEO of Goliath Ventures admits to involvement in a $400 million cryptocurrency Ponzi scheme, fraud, and money laundering charges
According to CoinDesk, the Florida prosecutors have revealed that Christopher Alexander Delgado, the former CEO of Goliath Ventures, has pleaded guilty to a cryptocurrency investment scam involving approximately $400 million, with charges including conspiracy to commit wire fraud, wire fraud, and money laundering.
Prosecutors stated that the platform promised investors low-risk or guaranteed returns of 3% to 8% per month under the guise of cryptocurrency liquidity pool profits from January 2023 to January 2026, while in reality, it misappropriated funds to pay early investors, process withdrawals, and for personal luxury expenses.
In the plea agreement, Delgado admitted to causing at least $250 million in investor losses and agreed to forfeit multiple properties, vehicles, luxury watches, jewelry, and certain bank and cryptocurrency accounts. His sentencing hearing is scheduled for October 8.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

CFTC Sues Goliath Ventures for 400 Million Dollar Bitcoin Fraud

Fraud Allegations Surrounding FunCoffee Coin in Hong Kong, Victim Losses Reach 184 Billion KRW

South Dakota Crypto Investor Charged with 29 Counts Involving $20 Million

Specter: Suspected Mining Express related wallet sold 5004 ETH and then exchanged for approximately 8.8 million DAI

The leader of Spain's largest cryptocurrency scam FX Winning has been arrested in Dubai, with the amount involved exceeding 460 million euros

Kraken's parent company sues former custody partner Etana, accusing it of misappropriating over $25 million in client funds

Goliath Ventures has filed for bankruptcy reorganization, and its founder was previously arrested on suspicion of a $328 million Ponzi scheme

The former CEO of Goliath Ventures was arrested for allegedly operating a $328 million cryptocurrency Ponzi scheme

JPMorgan is being sued by investors for allegedly participating in a $328 million cryptocurrency Ponzi scheme

Hunan Financial Office: Yuzhi Finance has completely run away, and police in various regions have opened channels for rights protection registration

Bitcoin: The 'Financial Repression', a New Keyword Driving BTC Upward

Shen Yu's Latest Interview: Bitcoin is a Better Gold, Keeping an Eye on the AI Boom

Veteran Strategist Warns: Stock Market Has No Room for Further Gains

Is the Biggest Investor in WLFI Actually a 'Deadbeat'?

Controversial Influencer Launches Meme Coin, Hype Fades Quickly

Ethereum Trader Returns: Buys $5.33 Million After $12 Million Loss

HPC Proposes to SEC and CFTC: Call for Unification of Regulatory Framework for Stock Futures and Perpetual Bond Transactions

TMX Airdrop Guide: Deposit, Trade and Earn Rewards on WEEX

Bitfire launches compliant crypto quant strategy as RWA assets top HK$2B

Critical Day for Bitcoin: Markets Focused on Data Deluge from the US

U.S. Debt, Inflation, and Japanese Rate Hike Pressures Intertwine, Global Assets Face High-Rate Repricing

Don't Confuse 'Positive Outlook on Stablecoins' with 'Positive Outlook on Circle'

Bitwise Tokenized Portfolios: Can You Invest Without Giving Up Your Assets?

Market Shows First Concrete Signs of Return of Weak Dollar Thesis

FHToken Security Breach: How a Bug Drained $20,000 on PancakeSwap?

Event Update | Bitcoin Asia 2026 to be Held in Hong Kong from August 27 to 28

MAKS Supports Crypto Asset Ecosystem Innovation through Collaboration with Amanode and IDRX at Coinfest Asia 2026

Zerohash files second OCC trust bank application

Tom Lee: ETH Should Exceed $5,000, Easily Surpassing $10,000 in 1-2 Years







