Christopher Alexander Delgado, CEO of Goliath Ventures and resident of Apopka, Florida, has been arrested on charges of wire fraud and money laundering. The announcement was made by United States Attorney Gregory W. Kehoe. Delgado could face up to 30 years in federal prison if convicted.
The criminal complaint alleges that from January 2023 to January 2026, Delgado operated Goliath Ventures—previously known as Gen-Z Venture Firm—as a Ponzi scheme. He is accused of soliciting investments under false pretenses, promising monthly returns generated through cryptocurrency “liquidity pools.” According to authorities, investors were drawn in through personal referrals, marketing materials, luxury events, charitable sponsorships, and occasional payments that appeared to be returns.
Despite claims that investor funds would be used for cryptocurrency liquidity pools, the complaint states that the money was instead used to pay earlier investors and fund business gatherings, holiday parties, and luxury travel. Delgado also allegedly purchased four residential properties valued between $1.15 million and $8.5 million with investor funds.
Authorities report that Goliath Ventures collected at least $328 million from victim investors during this period.
Victims identified by law enforcement will receive notification about their rights as outlined in the Crime Victims’ Rights Act. Those who believe they are victims but have not been contacted are encouraged to email Goliathvictims@ci.irs.gov or visit https://justice.gov/usao-mdfl/goliath_ventures for more information on self-identification procedures.
“A criminal complaint is merely an allegation that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty,” according to the statement.
The case is being investigated by the Internal Revenue Service Criminal Investigation and Homeland Security Investigations. Assistant United States Attorneys Richard Varadan, Noah P. Dorman, and Hannah Nowalk Watson are prosecuting the case.
