Christopher Delgado, former CEO of Goliath Ventures, has publicly apologized to investors for what US prosecutors allege was a $328 million crypto investment Ponzi scheme.
"They put their trust in me, and I failed them," Delgado told ABC affiliate WFTV. He faces charges of fraud and money laundering, with a maximum penalty of 30 years in federal prison.
The US Attorney’s Office in Orlando alleges Delgado ran Goliath as a Ponzi scheme between January 2023 and January 2026, using investor funds to purchase four Florida properties valued at $14.5 million, extravagant business gatherings, Christmas parties, and luxury travel.
Delgado claimed only $160,000 remained in Goliath's account at the time of his arrest. He said he is cooperating with federal law enforcement.
In a separate development, JPMorgan Chase has been sued by investors who allege the bank facilitated fund flows to Goliath despite KYC obligations. The proposed class lawsuit claims $253 million was deposited into a JPMorgan account, with $123 million later transferred to Coinbase wallets.
Delgado is currently on bail with an ankle monitor, confined to his 11,000 square foot Florida estate allegedly purchased with investor funds.