Christopher Alexander Delgado, the former CEO of Goliath Ventures, pleaded guilty to fraud and money laundering stemming from a crypto investment scheme that prosecutors say stole at least $400 million from investors.
Delgado, a Florida resident, pleaded guilty Tuesday to conspiracy to commit wire fraud, wire fraud and money laundering, according to the U.S. Attorney’s Office for the Middle District of Florida.
He faces up to 20 years in prison for each fraud count and up to 10 years for the money laundering count.
Goliath Ventures, formerly Gen-Z Venture Firm, solicited investors from at least January 2023 to January 2026 with proposals for monthly payments that it claimed came from crypto liquidity pools, prosecutors said. Delgado admitted in his plea agreement to causing at least $250 million in losses to investors.
Investor money was used to pay previous investors, fund withdrawals and cover luxury expenses, prosecutors say. Delgado purchased at least 6 residential properties worth between $1.15 and $8.5 million each, as well as Lamborghinis, Rolls-Royces, Rolex watches, dozens of Louis Vuitton bags, and custom Tiffany jewelry, with these funds.
