The U.S. Commodity Futures Trading Commission sued Goliath Ventures Inc. and its CEO Christopher Delgado, alleging the Florida company raised at least $397 million from roughly 1,600 customers by promising to place their bitcoin and ether in decentralized exchange liquidity pools but never deployed a single dollar to one. The company operated a Ponzi scheme from at least November 2022 through February 2026, misappropriating nearly all customer funds, including approximately $48 million used by Delgado for luxury purchases such as homes, vehicles and jewelry. Criminal charges have been filed, with Delgado pleading guilty to wire fraud and money laundering, while the SEC also filed a civil action. The CFTC seeks restitution, disgorgement and civil monetary penalties.
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