Christopher Delgado, former CEO of Goliath Ventures, has issued a public apology to investors tied to what US prosecutors describe as a $328 million crypto Ponzi scheme.
“They put their trust in me, and I failed them,” Delgado said in an interview with ABC-affiliated station WFTV that aired Monday. He added that he wanted to explain “from beginning to end” what occurred and express “how sorry I am.”
Delgado also claimed he voluntarily returned to the United States to face fraud and money laundering charges filed by the Orlando US Attorney’s Office on Feb. 20. If convicted on all counts, he could face up to 30 years in federal prison.
Prosecutors allege Delgado lured investors with false promises of monthly profits generated through crypto liquidity pools, convincing victims to invest large sums of money. According to WFTV, those affected included nurses, teachers, firefighters, and retirees.
When asked how Goliath allegedly spent millions in investor money, Delgado admitted the company was paying people “an astronomical amount of money.”
According to the US Attorney’s Office, Delgado operated Goliath as a Ponzi scheme from January 2023 through January 2026. Prosecutors allege that part of the investor funds was used to buy four Florida properties worth a combined $14.5 million.
Authorities also claim the money financed lavish company events, including extravagant business gatherings, Christmas parties, and luxury travel accommodations.
Prosecutors further alleged that one investor lost roughly $720,000 after being promised guaranteed returns and assured the investment could be withdrawn at any time.
WFTV reported that Delgado is currently free on bail and under house arrest, wearing an ankle monitor while confined to an 11,000-square-foot estate allegedly purchased using investor funds.
Delgado claimed that only about $160,000 remained in Goliath Ventures’ bank account around the time of his arrest.
He also insisted he was not acting alone and said he is cooperating with federal investigators by providing information about the alleged involvement of former colleagues in the suspected Ponzi scheme.
JPMorgan faces lawsuit over alleged Goliath ties
In March, investors filed a lawsuit against JPMorgan Chase, alleging the Wall Street bank helped facilitate the movement of funds tied to Goliath.
The proposed class-action suit claims JPMorgan should have known — through its Know Your Customer (KYC) obligations — that Goliath was operating a private equity-style crypto investment pool without the proper licenses to offer or sell such investment products.
According to the complaint, approximately $253 million was deposited into a JPMorgan account between January 2023 and June 2025, with about $123 million later transferred to Goliath-linked Coinbase wallets.
Last month, a federal judge in Florida extended the deadline for prosecutors to file a formal indictment against Delgado until June 26.
