TechFlow news, July 1, according to CoinDesk, prosecutors in Florida, U.S. disclosed that Christopher Alexander Delgado, former CEO of Goliath Ventures, has pleaded guilty to a crypto investment scam involving approximately $400 million, with charges including conspiracy to commit wire fraud, wire fraud, and money laundering.
Prosecutors stated that from January 2023 to January 2026, the platform promised investors low-risk or guaranteed monthly returns of 3% to 8% in the name of crypto liquidity pool returns, but actually misappropriated funds to pay early investors, process withdrawals, and for personal luxury expenses. Delgado admitted in the plea agreement to causing at least $250 million in investor losses and agreed to forfeit multiple properties, vehicles, luxury watches, jewelry, and some bank and crypto accounts. His sentencing hearing is scheduled for October 8.
