Crypto Firm Goliath Ventures Files for Bankruptcy After CEO's $328M Ponzi Arrest

Authorities allege the firm ran a massive Ponzi scheme affecting over 2,000 investors across the country.

Mar. 29, 2026 at 8:08am

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Goliath Ventures, a Florida-based crypto firm, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. The filing comes after the company's founder and CEO, Christopher Delgado, was arrested on February 24 on charges of wire fraud and money laundering for allegedly running a $328 million Ponzi scheme that defrauded over 2,000 investors from 2023 to 2026.

Why it matters

The collapse of Goliath Ventures is the latest high-profile case of fraud in the cryptocurrency industry, raising concerns about investor protections and the need for stricter regulations. The alleged scheme also highlights the risks of unregulated financial products and the potential for abuse by bad actors.

The details

Authorities claim Delgado told investors their money would generate monthly returns through cryptocurrency liquidity pools, but instead used the funds to pay returns to earlier investors, return principal to some clients, and cover lavish business gatherings and luxury travel. Delgado is also accused of using the money to purchase four residential properties valued between $1.15 million and $8.5 million. If convicted on all charges, he faces up to 30 years in federal prison.

  • Goliath Ventures, formerly known as Gen-Z Venture Firm, allegedly ran the Ponzi scheme from January 2023 through January 2026.
  • Delgado was arrested on February 24, 2026.

The players

Goliath Ventures

A Florida-based crypto firm that filed for Chapter 11 bankruptcy after its CEO was arrested for allegedly running a $328 million Ponzi scheme.

Christopher Delgado

The founder and CEO of Goliath Ventures, who was arrested on charges of wire fraud and money laundering for allegedly running a $328 million Ponzi scheme that defrauded over 2,000 investors.

Gregory Wilson

One of the hardest-hit victims, with reported losses of $8.74 million.

John Euliano

Another victim who lost approximately $1.28 million.

JPMorgan Chase

A bank facing a class-action lawsuit for allegedly ignoring suspicious transactions linked to the Goliath Ventures Ponzi scheme.

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What’s next

The bankruptcy filing is now moving through the Southern District of Florida court, and the class-action lawsuit against JPMorgan Chase is ongoing.

The takeaway

This case highlights the importance of thorough due diligence and the need for stronger oversight and regulation in the cryptocurrency industry to protect investors from fraudulent schemes.