U.S. Authorities Arrest Goliath Ventures Executive for Alleged $328M Crypto Ponzi Scheme

The United States Department of Justice (DOJ) has arrested Christopher Alexander Delgado, the 34-year-old executive of the purported venture capital firm, Goliath Ventures, for allegedly perpetrating a crypto Ponzi scheme that defrauded investors of roughly $328 million.

According to a press release from the U.S. Attorney’s Office in the Middle District of Florida, Delgado was the president and CEO of Goliath Ventures, formerly called Gen-Z Venture Firm.