Goliath Ventures CEO Arrested in Connection with $328 Million Crypto Ponzi Scheme

Odaily News: Christopher Alexander Delgado has been charged by the U.S. Attorney's Office for the Middle District of Florida with allegedly operating Goliath Ventures (formerly known as Gen‑Z Venture Firm) as a Ponzi scheme, involving approximately $328 million. Prosecutors allege that he used investor funds to pay returns to earlier investors and for lavish business gatherings, holiday parties, and high-end travel. Additionally, Delgado is accused of using investor funds to purchase four residential properties in Winter Park, Kissimmee, Windermere, and Sanford, valued between $1.15 million and $8.5 million. The scheme was carried out by promoting crypto liquidity pools to victims with promises of monthly returns; in reality, most of the funds were not invested in the pools, with only about $1.5 million transferred to the decentralized exchange Uniswap. Victims include one investor who lost approximately $720,000. Prosecutors have notified victims of their rights under the Crime Victims' Rights Act and have also invited unidentified victims to self-identify through a dedicated website. (Decrypt)