Former Goliath Ventures CEO arrested on 'Ponzi scheme' charges… "$330 million scale"
Summary
- It reported that the former CEO of U.S. cryptocurrency investment firm Goliath Ventures was arrested on charges of a Ponzi scheme, wire fraud, and money laundering.
- It said the former CEO Delgado raised $328 million from multiple investors and made false promises guaranteeing monthly returns.
- It stated that although the former CEO Delgado said he would invest the money in cryptocurrency liquidity pools, most was used for transfers to Uniswap (UNI) and for lavish parties and the purchase of four high-priced homes.
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The former chief executive officer (CEO) of U.S. cryptocurrency investment firm Goliath Ventures has been arrested on charges of running a Ponzi scheme.
According to Decrypt on the 26th (local time), Christopher Alexander Delgado, former CEO of Goliath Ventures, was recently arrested in the United States on charges of wire fraud and money laundering. Delgado is accused of raising $328 million from multiple investors using a Ponzi-style scheme. One investor is reported to have suffered losses of $720,000.
U.S. prosecutors in Florida stated in the indictment that the former CEO made false promises guaranteeing monthly returns to investors. The former CEO said he would invest the funds into cryptocurrency liquidity pools, but in fact most of the money was transferred to the decentralized exchange (DEX) Uniswap (UNI).
Delgado is also said to have used investor funds for lavish parties and travel. He is additionally accused of buying four high-priced homes in the United States with investor money.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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