CFTC Cracks Down on Goliath Ventures Crypto Ponzi Scheme
The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Goliath Ventures, Inc. and its CEO, Christopher Delgado, for allegedly operating a $400 million Ponzi scheme in the cryptocurrency market.
The CFTC claims that between 1,600 customers contributed at least $397 million to the defendants' fraud, which involved misappropriating customer funds, paying fictitious profits to existing customers, and funding Delgado's lavish lifestyle.
The complaint also alleges that the defendants falsely guaranteed the return of principal investments and/or profits, and issued false account statements reflecting nonexistent profits.
In a parallel action, Delgado pleaded guilty to federal criminal charges in June 2026 for his role in the fraud, and the Securities and Exchange Commission (SEC) filed a civil action against Delgado and Goliath on August 11, 2026.