The complaint says $87 million went to Ponzi payments, $174 million to recruiter commissions and $48 million to CEO Christopher Delgado’s personal spending, with recoveries for roughly 1,600 customers now running through a bankruptcy estate.The U.S. Commodity Futures Trading Commission sued Goliath Ventures Inc. and its chief executive, Christopher Delgado, on Tuesday, 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 and never deployed a single dollar to one.The complaint, filed in federal court in Orlando, says Goliath ran a Ponzi scheme from at least November 2022 through February 2026, misappropriating all customer funds while issuing account statements that reflected profits the company had not earned. Delgado, who the CFTC says was never registered with the agency, is named as a controlling person liable for Goliath’s conduct.According to the complaint, the money moved three ways.
Source: The Defiant
