Goliath Ventures CEO Arrested for Involving $328 Million Crypto Ponzi Scheme

In comparison, Christopher Alexander Delgado was charged by the US Attorney's Office for the Central District of Florida for allegedly operating Goliath Ventures (formerly Gen‑Z Venture Firm) in carrying out a Ponzi scheme involving about US$328 million. According to the prosecution, he used investor funds to pay returns to early investors and used them for luxury business gatherings, holiday parties, and high-end travel. Additionally, Delgado allegedly used investor funds to purchase four homes worth between $1.15 million and $8.5 million in Winter Park, Kissimmee, Windermere, and Sanford. The scam was carried out by introducing a crypto liquidity pool to victims and promising monthly returns. In fact, most of the money was not invested in the liquidity pool; only about $1.5 million was transferred to the decentralized exchange Uniswap. The victims included an investor who lost approximately $720,000. The prosecution has notified victims to exercise their rights in accordance with the Crime Victims Rights Act, and has also invited unidentified victims to report their identity on their own through a special website. (Decrypt)