TAMPA, Fla. (WFLA) — The CEO of Goliath Ventures was arrested after taking at least $328 million from victim investors, the Department of Justice announced.
Christopher Delgado, the president and CEO of Goliath Ventures, formerly known as Gen-Z Venture Firm, had operated Goliath as a “Ponzi scheme” from January 2023 through January 2026.
A “Ponzi scheme” is a form of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors, the DOJ said.
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Delgado would solicit victims to invest substantial sums of money under false and fraudulent promises of monthly returns generated through cryptocurrency “liquidity pools,” according to the complaint…