Goliath Ventures ex-CEO publicly apologizes, accused of running a $328 million crypto Ponzi scheme
Odaily Planet Daily News Christopher Delgado, former CEO of Goliath Ventures, recently publicly apologized to investors after being accused by U.S. prosecutors of operating a crypto Ponzi scheme involving approximately $328 million.
Delgado stated that he betrayed the trust of investors and said he voluntarily returned to the United States to face charges including 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 later investors' funds to pay returns to earlier investors.
U.S. prosecutors also allege that some of the funds were used to purchase Florida properties worth a total of $14.5 million, as well as to host lavish events and travel. Delgado is currently out on bail. If convicted on all charges, he could face up to 30 years in federal prison. (Cointelegraph)
