Goliath Ventures
An Orlando, Florida investment firm (formerly the Gen-Z Venture Firm) that U.S. prosecutors allege operated as a ~$328M crypto Ponzi scheme from 2023 to 2026, promising guaranteed 3–8% monthly returns from cryptocurrency 'liquidity pools.' CEO Christopher Delgado was arrested in February 2026 on wire-fraud and money-laundering charges.
Also known as: Goliath Ventures, Gen-Z Venture Firm, Christopher Delgado
Summary
According to a federal criminal complaint, Goliath Ventures (previously the "Gen-Z Venture Firm"), led by president and CEO Christopher Alexander Delgado, solicited investors with promises of guaranteed monthly returns of about 3–8% supposedly generated by cryptocurrency "liquidity pools." Prosecutors allege it took in at least $328 million between roughly January 2023 and January 2026. [1][2]
Allegations and arrest
Prosecutors allege the "liquidity pool" returns were largely fictional and that incoming investor money was used to pay earlier investors and to fund luxury spending — real estate, vehicles, jewelry and lavish parties — the hallmarks of a Ponzi scheme. Delgado was arrested on February 24, 2026 and charged with wire fraud and money laundering, facing up to 30 years if convicted; civil suits, including against a bank alleged to have held scheme accounts, followed. The charges are allegations and Delgado is presumed innocent unless and until proven guilty. [1][2][3]
Bracketed numbers refer to the numbered sources listed below.
Sources (3)
- Goliath Ventures CEO arrested for wire fraud and money laundering — IRS Criminal Investigation
- Alleged Ponzi scheme victims sue JPMorgan for banking supposed $328 million scam — CoinDesk
- Goliath Ventures (overview) — Wikipedia
See also
- World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
- Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
- HEX / PulseChain (Richard Heart)
This page was last updated on Jun 15, 2026. View revision history.