SEC, CFTC Sue Goliath Ventures Over $400M Crypto Ponzi

The two civil actions layer securities and commodities-law consequences onto a criminal case that already produced a guilty plea, giving the agencies a route to investor compensation and market bans beyond the criminal consequences. Delgado pleaded guilty to wire fraud and money laundering; the plea also covered conspiracy to commit wire fraud. On June 30, the US Department of Justice said at least $400 million was paid to Goliath and that Delgado admitted causing at least $250 million in investor losses. He agreed to forfeit properties, vehicles, luxury goods, bank accounts, and crypto wallets traceable to the scheme.

In the SEC case, Delgado agreed to a bifurcated settlement, subject to court approval. The settlement would permanently bar him from violating the securities-law provisions in the complaint and from securities transactions outside personal-account activity, including any association with a broker or dealer. The financial terms are left open; the court will set disgorgement and any civil penalty.

The SEC said Goliath paid commissions to sales agents who recruited investors. By November 2025, the company could not raise money quickly enough to meet its obligations. It stopped monthly distributions and collapsed.