Federal prosecutors arrested Christopher Alexander Delgado, founder and CEO of Orlando-based Goliath Ventures, on charges of wire fraud and money laundering for an alleged Ponzi-style crypto investment scheme. Authorities say the firm solicited funds with false promises of monthly returns tied to cryptocurrency liquidity pools and obtained at least $328 million from investors.

Federal prosecutors in the Middle District of Florida allege that Christopher Alexander Delgado orchestrated a Ponzi-style cryptocurrency investment scheme through Orlando-based Goliath Ventures, obtaining at least $328 million from investors while placing roughly one million dollars into the purported liquidity pools. The criminal complaint charges Delgado with wire fraud and money laundering, asserting that incoming investor funds were diverted to pay earlier investors and to cover lavish personal and company expenses. Investigators from IRS Criminal Investigation and Homeland Security Investigations are handling the probe alongside U.S. Attorney’s Office prosecutors. Arrest documents and the department announcement describe solicitation materials promising steady monthly returns from managed liquidity pools that were largely fictitious, and detail traceable transactions inconsistent with the business claims. The case highlights enforcement priorities against large-scale crypto frauds and the challenges of asset tracing. Prosecutors say the matter remains under active investigation and additional charges or asset forfeiture efforts may follow as they seek to recover investor losses.