Former Goliath Ventures CEO pleads guilty in $400M crypto Ponzi case
Former Goliath Ventures CEO Christopher Alexander Delgado pleaded guilty to conspiracy to commit wire fraud, wire fraud, and money laundering in connection with a crypto investment scheme that prosecutors say raised at least $400 million from investors. Authorities said Goliath promised monthly returns from digital asset liquidity pools, but investor money was instead used to pay earlier investors, cover withdrawals, and fund luxury spending and business events. Under the plea agreement, Delgado admitted the scheme caused at least $250 million in losses and agreed to forfeit luxury assets bought with investor funds, including properties, vehicles, watches, jewelry, bags, and bank and crypto accounts. He faces up to 20 years in prison on each fraud count and up to 10 years for money laundering. Sentencing is set for Oct. 8.
