PANews|Feb 26, 2026 14:25
[Former Goliath Ventures CEO Arrested for Alleged $328 Million Crypto Ponzi Scheme]
According to Decrypt, the U.S. Attorney's Office for the Middle District of Florida announced that Christopher Alexander Delgado, the former CEO of crypto investment firm Goliath Ventures, has been arrested for allegedly operating a $328 million 'Ponzi scheme.' He faces charges of wire fraud and money laundering, with a maximum sentence of 30 years in prison.
The indictment reveals that Delgado lured victims by claiming to invest in crypto liquidity pools and promising monthly returns. However, the funds were used to pay returns to earlier investors, purchase luxury properties, and fund extravagant activities. The monthly returns received by investors were, in fact, derived from funds provided by later investors. Identified victims will receive notification of their rights from law enforcement.
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