Christopher Delgado, 34, CEO of Goliath Ventures, pleaded guilty to wire fraud, conspiracy, and money laundering for operating a Ponzi scheme that took at least $400 million from investors, causing $250 million in losses. From January 2023 to January 2026, he and co-conspirators lured investors with false promises of monthly returns from crypto liquidity pools, but instead used new funds to pay earlier investors and fund a lavish lifestyle including mansions, Lamborghinis, and Rolex watches. Delgado faces up to 20 years per fraud count and 10 for money laundering, and has agreed to forfeit properties, vehicles, watches, and jewelry. The case was investigated by IRS Criminal Investigation and Homeland Security Investigations, with sentencing set for October 8.

Key facts

• Delgado admitted to causing at least $250 million in losses from a crypto Ponzi scheme.
• Funds were used to buy mansions, luxury cars, watches, and jewelry.
• He faces up to 20 years per fraud count and 10 for money laundering.
• Forfeiture includes 8 properties, 11 vehicles, and dozens of watches and bags.
• IRS and Homeland Security investigated the case.