Florida Executive Arrested for Alleged $328M Crypto Ponzi Scheme

A Florida executive, Christopher Alexander Delgado, CEO of Goliath Ventures, has been arrested on charges of wire fraud and money laundering in connection with an alleged $328 million cryptocurrency Ponzi scheme, the Department of Justice (DOJ) announced. Delgado allegedly promised investors monthly returns from cryptocurrency 'liquidity pools,' but instead used the funds to pay previous investors and maintain his luxurious lifestyle. If convicted of all charges, Delgado could face up to 30 years in prison. Prosecutors claim the fraudulent scheme ran from January 2023 to January 2026, with only a fraction of the collected funds actually invested in legitimate crypto assets. The case highlights the relentless efforts of federal agencies to crack down on crypto-related frauds, and the DOJ is urging all potential victims to come forward as part of the ongoing investigation.