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Goliath Ventures CEO Pleads Guilty in $400M Crypto Ponzi
Christopher Delgado admitted to running a $400M crypto Ponzi through Goliath Ventures, spending millions on luxury homes and cars. He faces up to 20 years.
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The CEO of Goliath Ventures pleaded guilty Tuesday to federal fraud charges, admitting to a scheme that collected at least $400 million from investors in what prosecutors described as a crypto-linked Ponzi. Christopher Alexander Delgado, 34, faces up to 20 years in prison on wire fraud counts and 10 years for money laundering. His plea deal includes forfeiting eight properties, a fleet of luxury cars, dozens of watches, and more than 50 designer bags.
Delgado ran the firm after it rebranded from Gen-Z Venture Firm. From January 2023 through January 2026, he and others promised investors their money would go into crypto liquidity pools generating high returns. In reality, only about $1 million of the money collected was ever placed in legitimate crypto assets, prosecutors said. The rest funded a lavish lifestyle: Lamborghinis, Rolls-Royces and Rolexes were among the purchases. He also bought Louis Vuitton luggage and custom Tiffany jewelry, plus multiple residential properties worth between $1.15 million and $8.5 million each.