Goliath Ventures CEO Arrested Over $328M Crypto Ponzi Scheme

In brief

• Christopher Alexander Delgado, former CEO of crypto investment firm Goliath Ventures, has been arrested on charges of wire fraud and money laundering.
• Delgado is accused of operating Goliath as a $328 million “Ponzi scheme.”
• The DOJ accused Goliath of duping victims into investing into crypto liquidity pools, when the money was instead diverted to funding Delgado’s lifestyle.