CFTC Accuses Goliath Ventures in Alleged $397M Crypto Fraud Scheme
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The CFTC filed a complaint in Florida accusing Goliath Ventures and CEO Christopher Delgado of an alleged $397 million crypto fraud that took funds from about 1,600 customers to trade Bitcoin and Ether while reporting fake profits. Regulators say customer funds were misused and new deposits masked losses, Delgado now faces parallel CFTC, SEC and criminal cases, raising security and regulatory risks for crypto investors and weighing on adoption and trust in CEXs and DeFi platforms.
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- The CFTC accuses Goliath Ventures of taking $397M from about 1,600 customers.
- Regulators allege customer funds were misused and fake profits were reported.
- Delgado now faces CFTC, SEC and criminal cases over the alleged crypto scheme.
The US Commodity Futures Trading Commission (CFTC) accused Goliath Ventures and its CEO, Christopher Delgado, of running a crypto fraud scheme that allegedly took in $397 million from about 1,600 customers. The regulator filed the complaint in Florida, saying the defendants solicited funds to trade Bitcoin and Ether on customers’ behalf.
Customer Funds Allegedly Misused
The CFTC alleges that Goliath misappropriated customer funds and used money from new customers to create the appearance of profi…
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