CFTC Charges Goliath Ventures and CEO with $397 Million Crypto Ponzi Scheme
Summary
The CFTC filed a complaint in the U.S. District Court for the Middle District of Florida against Goliath Ventures Inc. and its CEO Christopher Delgado, alleging a Ponzi scheme that fraudulently solicited roughly $397 million from about 1,600 customers by falsely claiming funds were deployed into crypto liquidity pools on decentralized exchanges. The CFTC alleges Delgado misappropriated tens of millions of dollars for personal use, including luxury purchases, while paying fictitious profits to existing customers from new customer funds. The action follows Delgado's June 2026 guilty plea to parallel federal criminal charges and accompanies a parallel SEC civil action filed the same day.
Key Changes
- Alleges a $397 million Ponzi scheme defrauding roughly 1,600 crypto investors
- Complaint filed in the U.S. District Court for the Middle District of Florida against Goliath Ventures and CEO Christopher Delgado
- Seeks restitution, disgorgement, civil penalties, trading and registration bans, and a permanent injunction
- Follows Delgado's June 2026 guilty plea in a parallel criminal case and a same-day parallel SEC civil action
Affected Industries
Source
Key Dates
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