Goliath Ventures CEO charged with running $328 million Ponzi scheme

Federal authorities arrested Christopher Alexander Delgado, the CEO of Goliath Ventures (previously Gen-Z Ventures). According to the charging documents, what Delgado presented to prospective investors as a way to earn returns via crypto liquidity pools was actually a Ponzi scheme, where investors' money was just being used to pay off earlier investors. With the profits from his venture, Delgado allegedly threw lavish parties and purchased multiple multi-million dollar properties. Goliath Ventures - United States v. Christopher Alexander Delgado , US Attorney's Office for the Middle District of Florida