Former CEO of Goliath Ventures Accused of 328 Million Crypto Scam

According to Cointelegraph, Christopher Delgado, former CEO of Goliath Ventures, is accused of operating a $328 million cryptocurrency Ponzi scheme and has publicly apologized to investors. He admitted to betraying trust and has returned to the United States to face fraud and money laundering charges. The prosecutor claimed that they promised fixed monthly returns under the guise of "encrypted liquidity pool investment", but actually used subsequent funds to pay previous investors and embezzled $145 million to purchase Florida real estate and luxury consumption. At present, Delgado is on bail and faces a maximum of 30 years in prison if convicted.