Christopher Alexander Delgado, the head of Goliath Ventures, has pleaded guilty to charges of fraud involving electronic communications and money laundering. According to prosecutors, from January 2023 to January 2026, the company operated as a Ponzi scheme, with investors contributing at least $400 million.
Delgado encouraged victims to invest significant amounts, promising them monthly returns generated through cryptocurrency "liquidity pools." The entrepreneur admitted to causing investors losses of at least $250 million. He faces up to 50 years in prison for the charges against him.