Who was arrested in connection with the $328 million Ponzi scheme?

Christopher Alexander Delgado, the CEO of Goliath Ventures, was arrested in connection with the alleged $328 million Ponzi scheme.

How was the $328 million collected from victims used?

The collected funds were primarily used to pay earlier investors, fulfill withdrawal requests, and for the personal luxury expenses and property acquisitions of the CEO.

Home / Crime and Justice / CEO Arrested in $328M Crypto Scam

CEO Arrested in $328M Crypto Scam

Q: What were victims promised in the Goliath Ventures scheme?

Victims were promised monthly returns from cryptocurrency liquidity pools by Goliath Ventures.

25 Feb

•

Summary

Apopka man arrested for alleged $328 million Ponzi scheme.
Victims promised monthly returns from cryptocurrency liquidity pools.
Funds used for lavish expenses and personal property purchases.

Christopher Alexander Delgado, 34, has been arrested in Apopka on a federal wire fraud and money laundering complaint. He is accused of orchestrating a $328 million Ponzi scheme through his company, Goliath Ventures, formerly Gen-Z Venture Firm. From January 2023 to January 2026, Delgado allegedly lured investors with false promises of monthly returns from cryptocurrency liquidity pools.

Instead of legitimate investments, most funds were channeled to pay earlier investors or satisfy withdrawal requests, operating as a classic Ponzi scheme. Delgado allegedly built credibility through extensive marketing, referrals, sponsorships, and luxury events. Federal investigators revealed that some of the $328 million collected was used for Delgado's personal benefit and lavish company expenditures, including luxury travel and four residential properties valued between $1.15 million and $8.5 million.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.