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Goliath Ventures

SEC
2026-08-12 12:15:06

SEC and CFTC sue Goliath Ventures on the same day over alleged $400 million crypto Ponzi scheme

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission filed separate civil actions Tuesday against Goliath Ventures and its founder, Christopher Delgado, over what both agencies describe as a roughly $400 million crypto Ponzi scheme. According to the SEC, Goliath told investors their money would be placed into crypto liquidity pools that generated monthly returns of 3% to 10% from trading fees while preserving principal. The regulator says that did not happen. Instead, investor funds and crypto assets were allegedly not deployed into any liquidity pool at all, and money from newer and existing investors was used to cover earlier payouts while account balances and performance figures were falsified. The SEC also alleges that Delgado misappropriated at least $51 million for personal spending. The CFTC said about 1,600 customers put in at least $397 million for supposed Bitcoin and Ether trading that had no real trading activity behind it. Delgado had already pleaded guilty on June 30 to conspiracy to commit wire fraud, wire fraud, and money laundering, but that development does not mean investor recovery is close. Court approval and enforcement steps still lie ahead.

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SEC and CFTC sue Goliath Ventures on the same day over alleged $400 million crypto Ponzi scheme
CFTC
2026-08-11 20:45:26

CFTC Sues Goliath Ventures Over Alleged $397 Million DeFi Liquidity Pool Ponzi Scheme

The U.S. Commodity Futures Trading Commission has filed a civil lawsuit against Florida-based Goliath Ventures Inc. and its chief executive, Christopher Delgado, alleging the firm raised at least $397 million from about 1,600 customers by claiming it would deploy bitcoin and ether into decentralized exchange liquidity pools, while never placing any customer money into such pools. According to the complaint filed in federal court in Orlando, the company operated the scheme from at least November 2022 through February 2026, diverted all customer funds, and sent account statements showing profits it had not actually generated. The CFTC said roughly $87 million of customer money was used to pay other customers, about $174 million went to Goliath directors and staff, often as recruiting commissions, and at least $48 million was taken by Delgado for luxury homes, vehicles, and jewelry. The agency also described millions more in corporate card spending on travel, luxury goods, family tuition and tutoring, pet grooming, and a yacht purchase tied to customer deposits. The filing follows federal criminal charges brought in February 2026, after which Delgado pleaded guilty in June to conspiracy to commit wire fraud, wire fraud, and money laundering. The SEC has also filed its own civil case.

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CFTC Sues Goliath Ventures Over Alleged $397 Million DeFi Liquidity Pool Ponzi Scheme