CFTC Charges Goliath Ventures and CEO Over Alleged $397 Million Crypto Ponzi Scheme

TLDR

• CFTC charged Goliath Ventures and CEO Christopher Delgado over an alleged $397 million crypto Ponzi scheme.
• About 1,600 customers contributed at least $397 million to Goliath Ventures, the CFTC alleges.
• The CFTC alleges customer funds were used for fictitious profits and Delgado’s personal expenses.
• Delgado pleaded guilty to federal criminal charges related to the alleged fraud in June 2026.
• The SEC filed a separate civil action against Delgado and Goliath Ventures on August 11.

The U.S. Commodity Futures Trading Commission has filed a complaint against Goliath Ventures Inc. and its CEO, Christopher Delgado, over an alleged $397 million crypto Ponzi scheme involving about 1,600 customers. The regulator claims the defendants collected money for crypto asset trading but misappropriated customer funds instead.

The CFTC filed the complaint in the U.S. District Court for the Middle District of Florida. The case covers funds raised for trading crypto assets, including Bitcoin and Ether. The regulator is seeking restitution for customers, financial penalties and permanent restrictions against the defendants.

… Continue reading the full article at the original source below.