Goliath Ventures CEO Arrested in $328 Million Crypto Ponzi Scheme

Odaily Planet Daily reports that Christopher Alexander Delgado has been charged by the U.S. Attorney’s Office for the Middle District of Florida with operating a Ponzi scheme through Goliath Ventures (formerly Gen-Z Venture Firm), involving approximately $328 million. Prosecutors allege that he used investor funds to pay returns to earlier investors and to finance lavish business gatherings, holiday parties, and luxury travel. Additionally, Delgado is accused of using investor funds to purchase four residential properties in Winter Park, Kissimmee, Windermere, and Sanford, valued between $1.15 million and $8.5 million each. The scheme allegedly lured victims by promoting encrypted liquidity pools with promises of monthly returns, but most of the funds were never invested in liquidity pools—only about $1.5 million was transferred to the decentralized exchange Uniswap. One victim lost approximately $720,000. Prosecutors have notified victims of their rights under the Crime Victims’ Rights Act and invited unidentified victims to self-identify via a dedicated website. (Decrypt)