Goliath Ventures CEO Pleads Guilty to $328M Crypto Ponzi Scheme

Christopher Delgado, the former CEO of Goliath Ventures, has pleaded guilty to federal charges related to a $328M crypto Ponzi scheme.

Delgado faces up to 20 years in prison for each count of conspiracy to commit fraud and wire fraud, as well as up to 10 years for money laundering. He has also agreed to pay at least $250 million in restitution to those impacted by the scheme.

The former CEO operated Goliath Ventures from January 2023 to January 2026, promising investors large returns with cryptocurrency opportunities but instead using their money on luxury items.

Delgado's plea agreement also includes forfeiture of several assets, including luxury homes, vehicles, designer watches and jewelry. He has agreed to cooperate fully with the investigation and testify truthfully in federal court proceedings.