Silver Law Group Investigates Goliath Ventures, Alleged Ponzi Scheme

The United States Attorney’s office for the Middle District of Florida has announced the arrest of Christopher Alexander Delgado for wire fraud and money laundering related Goliath Ventures, an alleged cryptocurrency Ponzi scheme. If convicted on both counts, Delgado faces a maximum penalty of 30 years in prison.

Goliath Ventures Ponzi Scheme

Initially called Gen-Z Venture Firm, Delgado’s company was later named Goliath Ventures. The company intended to entice investors to give the firm substantial amounts of money for an alleged “investment” in cryptocurrency “liquidity pools.” Their website calls the company “a joint venture private fund that invested in blockchain and cryptocurrency projects.” Goliath was also said to leverage “liquidity pools to facilitate passive income generation, enhance market efficiency, and provide qualified investors with access to innovative financial opportunities.”

Using marketing materials, luxury events and seminars, charitable sponsorships and referrals, and paid “distributions,” Delgado convinced investors that Goliath was a legitimate and safe investment. These attempts at legitimacy allowed Delgado and Goliath to collect $328 million from investors.

Silver Law Group Florida Cryptocurrency Class Action Atorneys

The company had a complex scheme that moved investor funds through a cycle. From January 2023 through January 2026, investors were told by Delgado and Goliath directors through presentations and marketing materials that their funds would move from a traditional bank account at JPMorgan Chase in the name of Goliath, to Coinbase, then to an “encrypted ledger,” and ultimately into liquidity pools where supposed returns would be generated. From this point, the funds would then return through two encrypted ledgers to process back through Uniswap and other multiple encrypted ledgers.

According to the complaint, while Delgado and the company represented to investors about the “liquidity pools,” most of the investor funds were used for Delgado’s personal expenses, which included:

July 2025: $3.2 million to buy a property in Winter Park, Florida

December 2024: $1.15 million to buy a property in Kissimmee, Florida

September 2025: $8.5 million to buy a property in Windermere, Florida

August 2024: $1.65 million to buy a property in Sanford, Florida

To conceal these and other personal expenses, the company offered an online investor portal allowing individual investors access to their accounts, investments, and alleged returns. According to the investigator, Delgado controlled all the accounts and decided on how investment funds would be used.

Unraveling The Ponzi Scheme and Class Action Litigation

Some investors were allowed to withdraw their funds and were even paid more than they invested. This was to demonstrate the “guaranteed returns” that Goliath could provide. However, the “returns” were simply funds from other investors.

According to the complaint, in late 2025, investors began requesting withdrawals of their funds and purported dividends from Goliath, only to be met with various explanations and delays by the company. Continued requests by many investors led to the termination of their portal access.

Two of the investor cases were described in the complaint. Both investors were interviewed by one of several IRS Criminal Investigation Special Agents in relation to this complaint.

Investor 1 was introduced to Goliath by an acquaintance who was also an investor. This acquaintance put $1M into Goliath and was “receiving regular returns.” This testimony convinced Investor 1 that it was a low-risk investment. After opening a Coinbase account and investing, the investor later requested a withdrawal of his funds. The company began stalling and offering different excuses for the delays. This investor requested to exit from the joint venture in early January of 2026 and was told he would receive everything. After receiving none, he contacted Bank of America to inquire about wire reversals. He also filed a police report with the Seminole County Sheriff’s Office on January 22, in which he stated that Goliath had ceased communication and blocked his access to the customer portal. To date, Investor 1 has received none of his investment funds and ultimately lost $720,000.
Investor 2 invested $1 million with Goliath in August of 2024 after speaking with a company representative. The rate of return in his contract was 5%. In November of 2024, he invested another $15 million at the suggestion of a Goliath representative. In this contract, he would receive a 7% monthly return for six months and then a 7½% monthly return for the next six months. During a company-sponsored Christmas party, Delgado announced that Goliath had secured insurance and a fidelity investment bond that would cover the principal investments made by investors. Investor 2 requested information on the bond, but Delgado declined, citing possible disclosure of personal information. The investor requested a return of his principal investment. This request prompted a communication from Delgado stating his displeasure about the request but agreeing to return the funds. This investor received two disbursements, $7.1 million; it sent an additional $10.6 million in March 2025. This included both the investor’s funds and “returns” from the investments.

None of the returns came from any investment activities. All were funded from other investor funds.

Did You Invest With Goliath Ventures?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses from investment professional misconduct. Silver Law Group is headquartered in south Florida and has extensive experience in cryptocurrency litigation. The firm is lead by Scott Silver, the chair of AAJ’s Securities and Financial Fraud group, a PIABA board member and a frequent speaker on securities law. In 20225, Silver Law Group successfully obtained recoveries in cases against banks, auditors and law firms for allegedly aiding and abetting ponzi schemes. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.