Goliath Ventures CEO Pleads Guilty in Multimillion-Dollar Crypto Scam

Former Goliath Ventures CEO Christopher Delgado has pleaded guilty to wire fraud conspiracy and money laundering charges stemming from a multimillion-dollar cryptocurrency Ponzi scheme. Federal prosecutors described the case as one of the largest cryptocurrency scams in history, with over 1,600 investors defrauded.

The scam allegedly involved a Ponzi scheme where investors were promised unusually high returns on their investments in cryptocurrency, but instead, their money was used to fund other projects and pay off earlier investors.

Delgado's guilty plea comes after a lengthy investigation by federal authorities. He faces significant prison time as a result of his conviction.