Goliath Ventures CEO Faces Permanent Bans Over Alleged Crypto Ponzi Scheme
Regulators in the US have taken action against Goliath Ventures and its CEO, Christopher Alexander Delgado, over allegations of operating a crypto Ponzi scheme. The Commodity Futures Trading Commission (CFTC) filed a complaint against the company and Delgado in the US District Court for the Middle District of Florida.
The Securities and Exchange Commission (SEC) also filed separate charges on the same day. According to the SEC, Goliath raised around $425 million from more than 1,300 investors by promising monthly returns of 3% to 10%. However, instead of investing in crypto asset liquidity pools, funds were allegedly used to pay promised returns to earlier investors.
The CFTC said that about 1,600 customers contributed at least $397 million. Delgado allegedly took at least $51 million for personal use, including homes, luxury vehicles, a yacht, and travel. The company also hired sales agents to attract more investors and paid them commissions from investor funds.
The scheme collapsed in November 2025 when Goliath could no longer bring in new money quickly enough to repay existing investors. Delgado has agreed to a bifurcated settlement, subject to court approval, which includes being permanently barred from violating certain federal securities laws and participating in securities transactions.