Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case Christopher Delgado allegedly used investor funds for a lavish lifestyle, including luxury properties and vehicles, while running a fraudulent scheme from 2023 to 2026. – Former Goliath Ventures CEO Christopher…
exander Delgado pleaded guilty to fraud and money laundering in a $400 million crypto Ponzi scheme. – Delgado allegedly used investor funds for a lavish lifestyle, including luxury properties and vehicles, while running a fraudulent scheme from 2023 to 2026. – He admitted to causing at least $250 million in losses and agreed to forfeit luxury assets; his sentencing is scheduled for October 8. Christopher Alexander Delgado, the former CEO of Goliath Ventures, pleaded guilty to fraud and money laundering charges stemming from a crypto investment scheme prosecutors said stole at least $400 million from investors
Delgado, a Florida resident, pleaded guilty Tuesday to conspiracy to commit wire fraud, wire fraud and money laundering, according to the U.S. Attorney’s Office for the Middle District of Florida. He faces up to 20 years in prison for each fraud count and up to 10 years on the money laundering count.
Goliath Ventures, formerly Gen-Z Venture Firm, solicited investors from at least January 2023 through January 2026 with pitches for monthly payouts it claimed came from crypto liquidity pools, prosecutors said. Delgado admitted in his plea agreement to causing at least $250 million in investor losses. Investor money was used to pay earlier investors, fund withdrawals and cover luxury spending, according to prosecutors.