SEC and CFTC Sue Goliath Ventures Founder Over $400 Million Crypto Ponzi Scheme

TLDR

• The SEC and CFTC filed separate civil lawsuits against Goliath Ventures and founder Christopher Delgado over an alleged crypto Ponzi scheme.
• Goliath raised at least $425 million from over 1,300 investors, promising returns from crypto liquidity pools that never existed.
• Delgado allegedly diverted at least $51 million for personal use, including a yacht, luxury clothes, and pet grooming.
• The scheme collapsed in November 2025 when Goliath could no longer raise enough money to pay investors.
• Delgado previously pleaded guilty to wire fraud and money laundering and faces up to 20 years in prison per fraud count.

The SEC and CFTC both filed civil lawsuits on Tuesday against Goliath Ventures and its founder, Christopher Delgado, over a crypto Ponzi scheme that raised around $400 million from thousands of investors.

Another massive crypto Ponzi just got hit by regulators.

SEC and CFTC are going after Goliath Ventures over an alleged $400M+ scheme involving bitcoin and ether “trading.”

1,600 customers allegedly got wrecked while the CEO lived large. pic.twitter.com/l0pyI3Q7gw

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