The U.S. Commodity Futures Trading Commission sued Goliath Ventures Inc. and its chief executive, Christopher Delgado, on Tuesday, alleging the Florida company raised at least $397 million from roughly 1,600 customers by promising to place their bitcoin and ether in decentralized exchange liquidity pools and never deployed a single dollar to one.
The complaint, filed in federal court in Orlando, says Goliath ran a Ponzi scheme from at least November 2022 through February 2026, misappropriating all customer funds while issuing account statements that reflected profits the company had not earned. Delgado, who the CFTC says was never registered with the agency, is named as a controlling person liable for Goliath's conduct.
According to the complaint, the money moved three ways. Goliath used at least about $87 million of customer funds to pay other customers, transferred at least about $174 million to Goliath directors and staff, often as commissions for recruiting new customers, and let Delgado take at least about $48 million for luxury homes, vehicles and jewelry.
Another $21 million went onto corporate credit cards, the CFTC says, including more than $4.9 million on world travel, $2.9 million on luxury apparel, jewelry and travel concierge services, and over $400,000 on school tuition, soccer expenses and tutoring for Delgado's children along with pet grooming. About $838,000 traced from customer deposits bought a yacht in September 2025.
