Goliath Ventures CEO Arrested Over $328M Crypto ‘Ponzi Scheme’
Christopher Alexander Delgado, former CEO of Goliath Ventures, has been arrested on federal charges of wire fraud and money laundering. Delgado is accused of running Goliath Ventures as a Ponzi scheme, collecting approximately $328 million from investors through promises of high monthly returns from crypto liquidity pools. Instead of investing the funds as claimed, most money was allegedly used to pay earlier investors, finance lavish events, and purchase luxury real estate, with only about $1.5 million sent to decentralized exchange Uniswap. Investors were targeted through personal referrals, professional marketing, and luxury events. Some victims received monthly payments purportedly as returns, but these were funded by later investors. The U.S. Department of Justice is contacting identified victims and inviting others to come forward. Liquidity pools, central to the case, are decentralized finance structures where users supply cryptocurrency to earn token rewards.
