Former Goliath Ventures CEO pleads guilty in $400M crypto Ponzi case

Former Goliath Ventures CEO Christopher Delgado pleaded guilty to fraud and money laundering and agreed to forfeit properties, vehicles, luxury goods and crypto wallets.

Former Goliath Ventures CEO Christopher Alexander Delgado pleaded guilty to his role in a crypto investment scheme that prosecutors said raised at least $400 million from investors.

On Tuesday, the US Department of Justice (DOJ) said Goliath promised investors monthly returns generated through digital asset liquidity pools between January 2023 and January 2026.

Prosecutors said the funds were instead used to pay earlier investors, process withdrawals, fund luxury spending and finance business events. 

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