The Commodity Futures Trading Commission (CFTC) has initiated legal action in a Florida federal court against Christopher Delgado, along with his company Goliath Ventures Inc. The lawsuit alleges that Delgado misled more than 1,600 investors, securing $397 million by promising lucrative returns from cryptocurrency liquidity pool investments on decentralized exchanges.
According to the CFTC, Delgado diverted these funds for personal use, including luxury fashion purchases and international travel. He could face a prison sentence of up to 20 years if convicted.
