Apopka Man Arrested for Alleged Role in $328 Million Cryptocurrency Ponzi Scheme

Christopher Delgado was arrested and charged with wire fraud and money laundering in connection with a large-scale cryptocurrency Ponzi scheme.

Delgado, CEO of Goliath Ventures, Inc, allegedly orchestrated a cryptocurrency investment fraud scheme where he purportedly solicited funds from victims by falsely representing investor funds would be placed into legitimate, high-yield cryptocurrency trading and investment platforms. Delgado supposedly marketed these investment opportunities through Goliath Ventures, Inc., online platforms, and related business entities promising consistent returns and low risk. However, Delgado allegedly misrepresented the safety, profitability, and legitimacy of the investment opportunities, while purportedly using investor funds for unauthorized purposes, such as personal expenses and paying previous investors. As victims sought account statements, proof of trading activity, and withdrawals, Delgado supposedly employed repeated diversionary tactics and misrepresentations to keep them from complaining. Victims who attempted to withdraw funds were met with delays, excuses, or demands for additional payments. Delgado allegedly obtained approximately $328 million from investors nationwide.

The OFR partnered with the Internal Revenue Service – Criminal Investigation, the Department of Homeland Security – Homeland Security Investigations, U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, and the BCSC in this criminal enforcement action. The case is being prosecuted by the United States Attorney’s Office for the Middle District of Florida. 

Read the press release.