The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have filed separate civil lawsuits against Goliath Ventures and its founder, Christopher Delgado. The regulatory actions target an alleged cryptocurrency Ponzi scheme involving unregistered securities.
According to the SEC complaint, Goliath Ventures raised at least $425 million from over 1,300 investors. The company reportedly assured participants that their funds would be placed in cryptocurrency liquidity pools, offering monthly returns of 3% to 10% while guaranteeing the principal amount. Regulators allege that instead of investing these funds, the company used capital from new and existing investors to pay earlier returns and fabricated account balances.
Criminal Charges and Settlement Details
Christopher Delgado pleaded guilty on June 30 to federal criminal charges, including conspiracy to commit wire fraud, wire fraud, and money laundering. As part of the resolution, he agreed to forfeit properties, vehicles, luxury goods, and bank and crypto accounts. The SEC alleges that Delgado diverted at least $51 million for personal use.
Delgado has agreed to a bifurcated settlement with the SEC, subject to court approval. This agreement would permanently bar him from violating the securities-law provisions cited in the complaint and from acting as a broker or dealer. The CFTC is separately seeking restitution, penalties, and market bans.
The company reportedly stopped making monthly distributions and collapsed by November 2025.