Christopher Alexander Delgado, former CEO of Goliath Ventures, pleaded guilty to fraud and money laundering in a $400 million crypto Ponzi scheme. The scheme, operating from 2023 to 2026, promised investors monthly returns of 3%-8% from crypto liquidity pools. Instead, Delgado used funds to pay earlier investors and fund a lavish lifestyle, including luxury properties, Lamborghinis, Rolls-Royces, Rolex watches, and custom Tiffany jewelry. He admitted causing at least $250 million in losses and agreed to forfeit 8 properties, 11 vehicles, 30 watches, and numerous luxury items. Investors also sued JPMorgan, alleging the bank processed $253 million in deposits with red flags. Delgado faces up to 20 years per fraud count and 10 years for money laundering. Sentencing is set for October 8.

Key facts

• Christopher Delgado pleaded guilty in a $400M crypto Ponzi scheme from 2023-2026.
• He admitted to causing at least $250 million in investor losses.
• Investor funds funded luxury properties, cars, watches, and jewelry.
• Delgado agreed to forfeit 8 properties, 11 vehicles, and 30 watches.
• Sentencing is scheduled for Oct. 8; JPMorgan also sued for processing deposits.