Florida crypto firm Goliath Ventures filed for Chapter 11 bankruptcy protection following the arrest of its CEO, Christopher Delgado, who is facing federal charges of wire fraud and money laundering in connection with an alleged Ponzi scheme that defrauded more than 2,000 investors of at least $328 million.
According to recent reservation and the US Bankruptcy Court for the Southern District of Florida, the company’s debts can reach up to $500 million, with between $1 million and $10 million in fees.
Several large companies are being sued in connection with the Goliath Ventures Ponzi scheme to find out their role in the use of venture capital and whether they are aware of any suspicious activity.
Investors in Goliath Ventures are targeting JPMorgan Chase class, saying that the bank supported a $ 328 million Ponzi scheme.
According to the complaint filed earlier this month, Delgado used large sums of money through Chase’s master account, skimmed off returns from former investors and diverted millions to himself. The court alleges that the bank failed to detect the fraud even though it had procedures and controls in place, and is seeking damages for all those affected.
Criminal charges against Delgado
Delgado, a 34-year-old resident of Apopka, Florida, was arrested on February 24 following a felony warrant. filed and the US Attorney’s Office for the Middle District of Florida.
According to the complaint, Delgado ran Goliath Ventures, formerly known as Gen-Z Venture Firm, from January 2023 to January 2026, luring victims with false claims that their capital would be invested in crypto liquidity pools with regular returns.
Critics say the promised yield ranges from about 3% to 8% per year.
In fact, investigators say, most of the money that comes in has been reinvested to pay the participants quickly or to turn the money into business purchases, luxury trips, and Delgado’s estate, which authorities say includes four houses between $1.15 million and $8.5 million each.
Early warning is an independent investigation
Red flags surrounding Goliath’s operations began to surface in late 2025, when monthly distributions to investors reportedly slowed and then stopped.
Stephen Findeisen, a YouTube researcher known as Coffeezilla, confronted Delgado directly about the missed payments in January.
I asked the founder, Chris Delgado about the lack of shares for investors, and he replied “operations will return to normal … Dec 15th-18th”.
It’s been a month and the reports are not coming back. pic.twitter.com/3TGnQxYJhA
– Coffeezilla (@coffeebreak_YT) January 25, 2026
By early February, investigative reporter Danny De Hek was publicly listing the suspected wallets and calling on victims, insiders, and whistleblowers to share backups, screenshots, and on-chain information to help investigate the money flow.
A crowd-sourced study identified several wallet addresses believed to be used for periodic payments, and experts identified patterns consistent with internal deletions and so-called dust-ups.
