Goliath CEO Apologizes to Investors Over Alleged Ponzi
Cointelegraph
Former Goliath Ventures CEO Christopher Delgado has apologized to investors following charges regarding an alleged $328 million cryptocurrency Ponzi scheme.Summary
Christopher Delgado, former CEO of Goliath Ventures, has publicly apologized after being charged by US prosecutors for orchestrating a $328 million cryptocurrency Ponzi scheme. Delgado, who is cooperating with authorities, faces up to 30 years in prison for fraud and money laundering. Prosecutors allege he used investor funds to purchase luxury real estate and finance extravagant gatherings while falsely promising guaranteed returns. Additionally, investors have initiated a lawsuit against JPMorgan Chase, accusing the bank of facilitating fund transfers despite knowledge of Goliath's unlicensed operations.
(Source：Cointelegraph)