Goliath Ventures Former CEO Issues Public Apology, Accused of Running $328 Million Crypto Ponzi Scheme

Odaily reported that Christopher Delgado, the former CEO of Goliath Ventures, recently issued a public apology to investors after being charged by US prosecutors with operating a crypto Ponzi scheme involving approximately $328 million.

Delgado stated that he had betrayed the trust of his investors and said he voluntarily returned to the United States to face charges of fraud and money laundering. Prosecutors allege that between January 2023 and January 2026, he promised investors fixed monthly returns under the guise of "crypto liquidity pool investments," while actually using subsequent investors' funds to pay returns to earlier participants.

US prosecutors also claim that a portion of the funds was used to purchase Florida real estate valued at a total of $14.5 million, as well as to fund lavish events and travel. Delgado is currently out on bail. If convicted on all counts, he could face up to 30 years in federal prison. (Cointelegraph)