Summary
- Goliath Ventures, a cryptocurrency firm headquartered in Orlando, Florida, reportedly filed for Chapter 11 bankruptcy after its founder was arrested on fraud allegations.
- Goliath Ventures reportedly filed for bankruptcy protection on the 16th with the U.S. District Court for the Southern District of Florida.
- Founder Christopher Delgado was reportedly arrested on allegations of wire fraud, money laundering, and a $328 million Ponzi scheme.
Forecast Trend Report by Period
Goliath Ventures, a cryptocurrency company headquartered in Orlando, Florida, has reportedly filed for Chapter 11 bankruptcy following the arrest of its founder on fraud allegations. Chapter 11 is a bankruptcy process in which a company continues operating under court supervision while restructuring its debt.
According to TheStreet on the 28th (KST), Goliath Ventures filed for bankruptcy protection on the 16th with the U.S. District Court for the Southern District of Florida.
The filing came after the company’s founder, Christopher Delgado, was arrested. Delgado was arrested in the United States on the 24th of last month on allegations of wire fraud and money laundering. He is accused of raising $328 million from multiple investors in a Ponzi scheme.
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