Florida Man Accused of $328 Million Cryptocurrency Investment Scam

A 34-year-old Florida man has been accused of running a massive cryptocurrency investment scam. According to the US Department of Justice (DOJ), Christopher Alexander Delgado was the president and CEO of Goliath Ventures, a company that promised investors high returns from cryptocurrency 'liquidity pools'.

The DOJ alleges that between January 2023 and January 2026, Delgado convinced people to invest $328 million in his firm. However, instead of using the funds as promised, he allegedly used it to pay earlier investors, fund lavish business gatherings and parties, and buy four multi-million-dollar homes.

The investigation revealed that Delgado used various tactics to convince investors, including personal referrals, professional marketing materials, luxury events, charitable sponsorships, and monthly payments of purported returns. The DOJ stated that these efforts were designed to establish Goliath's credibility with investors.