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Goliath Ventures CEO Accused of $397M Crypto Fraud Scheme

Guavy AI Editorial Team
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The Commodity Futures Trading Commission (CFTC) has charged Goliath Ventures Inc. and its CEO, Christopher Delgado, with a $397 million crypto fraud scheme that affected approximately 1,600 investors.

The CFTC filed its civil complaint on August 11, 2026, in the U.S. District Court for the Middle District of Florida. The agency claims Delgado ran a Ponzi scheme disguised as bitcoin and ether trading, using newer investors' money to pay earlier investors while secretly amassing his own fortune.

The CFTC's complaint alleges that Delgado and Goliath misappropriated nearly all customer funds, including sums used for fictitious profits distributed to existing customers. According to the agency, Delgado falsely guaranteed the return of principal and profits, issuing account statements showing gains that never existed.

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