Crypto Firm Goliath Ventures Files for Bankruptcy After CEO Arrested Over $328M Ponzi Scheme

TLDR

• Goliath Ventures filed for Chapter 11 bankruptcy in the Southern District of Florida
• Founder Christopher Delgado was arrested February 24 on wire fraud and money laundering charges
• Authorities allege the firm ran a $328 million Ponzi scheme affecting over 2,000 investors
• Funds were allegedly used to pay earlier investors and fund luxury travel and properties
• JPMorgan Chase faces a class-action lawsuit for allegedly ignoring suspicious transactions

Goliath Ventures, an Orlando, Florida-based crypto firm, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida.

JPMORGAN ACCUSED OF ENABLING $328M CRYPTO PONZI

A proposed class-action lawsuit in California claims JPMorgan Chase enabled a $328M crypto Ponzi scheme run by Goliath Ventures that allegedly defrauded 2,000+ investors from 2023–2025. pic.twitter.com/EE3UtSirwq

— Coin Bureau (@coinbureau) March 12, 2026

The filing came after the company’s founder and CEO, Christopher Delgado, was arrested on February 24 on charges of wire fraud and money laundering.

Goliath Ventures was formerly known as Gen-Z Venture Firm before rebranding.

Authorities allege that Delgado ran the company as a Ponzi scheme from January 2023 through January 2026.

Investors were told their money would generate monthly returns through cryptocurrency liquidity pools. That was not true, according to federal authorities.

Instead, the funds were allegedly used to pay returns to earlier investors, return principal to some clients, and cover lavish business gatherings and luxury travel.

Authorities say Goliath obtained at least $328 million from victims based on these false promises.

Delgado is also accused of buying four residential properties, each valued between $1.15 million and $8.5 million.

If convicted on all charges, Delgado faces up to 30 years in federal prison.

Over 2,000 Investors Affected

The alleged scheme impacted more than 2,000 investors across the country.

Gregory Wilson is listed among the hardest-hit victims, with reported losses of $8.74 million. John Euliano lost approximately $1.28 million, according to the bankruptcy filing.

Chapter 11 bankruptcy allows a company to restructure under court supervision. It pauses withdrawals and gives creditors a path to repayment instead of an immediate liquidation.

JPMorgan and Coinbase Named in Lawsuit

A separate class-action lawsuit has been filed against JPMorgan Chase this month.

The suit claims the bank ignored suspicious transactions linked to Goliath Ventures.

It also alleges that JPMorgan’s partnership with Coinbase, the largest U.S. crypto exchange, allowed the scheme to grow to its reported size.

JPMorgan and Coinbase have not been charged with any wrongdoing. The lawsuit is a civil claim filed by investors seeking damages.

The bankruptcy filing is now moving through the Southern District of Florida court.

The post Crypto Firm Goliath Ventures Files for Bankruptcy After CEO Arrested Over $328M Ponzi Scheme appeared first on CoinCentral.

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