Goliath Ventures files for bankruptcy reorganization; the company is suspected of being involved in a $328 million Ponzi scheme.

CycleProphet · 2026-03-28T12:51:24+00:00

Florida-based crypto company Goliath Ventures has filed for bankruptcy due to a $328 million Ponzi scheme, affecting over 2,000 victims with substantial losses. The former CEO has been arrested for fraud and faces serious charges, and JPMorgan Chase is also facing a class-action lawsuit.

CycleProphet

2026-03-28 12:51:24

Abstract generation in progress

According to Deep Tide TechFlow news on March 28, as reported by The Street, the cryptocurrency company Goliath Ventures based in Florida has filed for Chapter 11 bankruptcy reorganization in the Southern District of Florida. The company is alleged to be connected to a Ponzi scheme worth $328 million, with over 2,000 victim investors, including Gregory Wilson who lost approximately $8.74 million and John Euliano who lost about $1.28 million. Additionally, plaintiffs have filed a class-action lawsuit against JPMorgan Chase earlier this month, accusing it of turning a blind eye to suspicious transactions related to Goliath Ventures.

Previously, Goliath Ventures’ former CEO Christopher Alexander Delgado was arrested for allegedly being involved in a Ponzi scheme of approximately $328 million and faces charges of wire fraud and money laundering. Delgado induced victims under the guise of investing in cryptocurrency liquidity pools and promised monthly returns, but the funds were used to pay returns to early investors, purchase luxury homes, and fund extravagant activities.

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