$51M for Homes, Cars, and a Yacht: Regulators Target Goliath, CEO Delgado

SEC and CFTC accuse Goliath Ventures of misleading investors with crypto returns as CEO Delgado allegedly took $51 million personally. Goliath Ventures and its CEO, Christopher Alexander Delgado, are facing action from two US financial regulators over the same alleged crypto Ponzi scheme. The actions came two months after Delgado pleaded guilty to charges in the case. Regulators Target Goliath The Commodity Futures Trading Commission filed a complaint against the company and Delgado in the US District Court for the Middle District of Florida. The Securities and Exchange Commission filed separate charges on the same day. The regulators allege that Goliath raised hundreds of millions of dollars from investors by promising to generate profits through crypto asset trading and liquidity pools. The CFTC said about 1,600 customers contributed at least $397 million, while the SEC put the amount raised at around $425 million from more than 1,300 investors. According to the SEC, the company operated the scheme from at least January 2023 through January 2026 through an unregistered securities offering. Investors were told they could “partner” with Goliath to invest in crypto asset liquidity p...