Crypto firm Goliath Ventures files for bankruptcy after CEO arrested over alleged $328M Ponzi scheme

Florida-based crypto firm Goliath Ventures has filed for Chapter 11 bankruptcy protection after its CEO, Christopher Delgado, was arrested on federal charges including wire fraud and money laundering related to an alleged Ponzi scheme that defrauded over 2,000 investors of at least $328 million. The firm's liabilities are estimated up to $500 million, with minimal funds available for repayment. Delgado allegedly lured investors with promises of 3% to 8% annual yields, but instead recycled funds to pay early investors or diverted them for personal use, including luxury real estate. Investors are now targeting JPMorgan Chase in a class action, claiming the bank enabled the fraud by failing to detect suspicious activity despite Delgado routing most funds through a key Chase account. Red flags emerged in late 2025 when payments slowed, leading to public confrontations by investigators like Coffeezilla before Delgado's arrest on February 24.

(Source：Crypto Briefing)