JPMorgan Chase sued for allegedly enabling $328 million crypto Ponzi scheme

A California investor, Robby Steele, filed a class action lawsuit against JPMorgan Chase Bank in the US District Court for the Northern District of California, alleging the bank enabled a $328 million crypto Ponzi scheme orchestrated by Goliath Ventures. The scheme, which raised funds from over 2,000 investors, allegedly used Chase accounts, including one where $253 million was deposited between 2023 and 2025, to collect deposits and pay earlier investors, characteristic of a Ponzi structure. The suit claims Chase ignored anti-money-laundering rules and red flags, allowing the scheme—which promised 4% monthly returns—to operate for years until withdrawals stalled in January 2026 and CEO Christopher Delgado was arrested. The lawsuit seeks damages on behalf of all affected investors.

(Source：Crypto Briefing)