The US Commodity Futures Trading Commission filed a federal court complaint against Goliath Ventures Inc. and CEO Christopher Delgado, alleging they operated a crypto asset Ponzi scheme that raised at least USD 397 million from about 1,611 customers between November 2022 and February 2026. The defendants allegedly promised to deploy customer funds in decentralized exchange liquidity pools involving assets including bitcoin and ether, while guaranteeing principal or profits and issuing fabricated account statements and sham audit reports. The complaint alleges no customer funds were placed in liquidity pools. Instead, at least USD 87 million was used for Ponzi payments, at least USD 174 million was transferred to Goliath personnel and USD 48 million was diverted for Delgado’s personal use. The CFTC seeks restitution, disgorgement, civil monetary penalties, trading and registration bans, and a permanent injunction. Delgado pleaded guilty to related federal criminal charges in June 2026, and the Securities and Exchange Commission filed a parallel civil action against Delgado and Goliath.

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