A Florida man is facing fresh charges from the Commodity Futures Trading Commission after the agency says he misappropriated $48 million of customers' money for his own personal use, including a yacht, luxury clothes and grooming for his pets.
On Tuesday, in a complaint filed in a Florida U.S.
District court, the CFTC said Christopher Delgado and his company Goliath Ventures Inc. were part of a Ponzi scheme where they solicited and accepted funds from customers, but then lied about putting those funds in crypto liquidity pools in decentralized exchanges.
Instead, they allegedly used the funds for new customers to show they were making money and for Delgado's personal expenses, among other things, the agency said in the complaint.
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