Florida man arrested in alleged $328M crypto ponzi scheme
A Florida man, Christopher Alexander Delgado, was arrested for allegedly running a $328 million crypto Ponzi scheme through Goliath Ventures.Summary
Christopher Alexander Delgado, 34, of Apopka, Florida, has been arrested and charged with wire fraud and money laundering for operating a $328 million crypto Ponzi scheme. Prosecutors allege that Delgado, as president and CEO of Goliath Ventures (formerly Gen-Z Venture Firm), promised investors guaranteed monthly returns of 3% to 8% through cryptocurrency “liquidity pools” from January 2023 to January 2026. However, instead of investing the funds, he allegedly used money from new investors to pay earlier investors, characteristic of a Ponzi scheme. Investigations revealed that only about $1.5 million was sent to Uniswap, with the majority of funds unaccounted for in legitimate liquidity pools. Delgado used marketing, events, and fabricated account updates to attract and retain investors. He faces up to 30 years in prison if convicted. Authorities are seeking additional victims to come forward.
(Source：CoinDesk)