Goliath Ventures applies for bankruptcy restructuring involving a $328 million scam

Goliath Ventures, a Florida based cryptocurrency company, has applied for Chapter 11 bankruptcy reorganization in the Southern District Bankruptcy Court of Florida. The company is suspected of being involved in a Ponzi scheme worth $328 million, which has affected over 2000 investors, with Gregory Wilson losing approximately $8.74 million and John Euliano losing approximately $1.28 million. Previously, former CEO Christopher Alexander Delgado was arrested on suspicion of the scam and faced charges of telecom fraud and money laundering.