Goliath Ventures Executive Arrested for Alleged Crypto Ponzi Scheme

The U.S. Department of Justice has arrested Christopher Alexander Delgado, the president and CEO of Goliath Ventures, for allegedly perpetrating a large-scale crypto Ponzi scheme that targeted numerous investors.

According to an investigation by the Homeland Security Investigations and the Internal Revenue Service Criminal Investigation, Delgado ran the scam from January 2023 through January 2026. During this time, he promised his victims monthly returns while soliciting substantial investments in crypto liquidity pools.

The scheme's legitimacy was maintained by making some monthly payments to investors as purported returns. However, it is alleged that these funds were actually sourced from new investors who had been lured into the scam. A significant portion of the $328 million defrauded went towards acquiring luxury properties and hosting lavish business events.