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Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case
Key takeaways
- Delgado, a Florida resident, pleaded guilty Tuesday to conspiracy to commit wire fraud, wire fraud and money laundering, according to the U.S.
- He faces up to 20 years in prison for each fraud count and up to 10 years on the money laundering count.
- Goliath Ventures, formerly Gen-Z Venture Firm, solicited investors from at least January 2023 through January 2026 with pitches for monthly payouts it claimed came from crypto liquidity pools, prosecutors said.
Delgado, a Florida resident, pleaded guilty Tuesday to conspiracy to commit wire fraud, wire fraud and money laundering, according to the U.S. Attorney’s Office for the Middle District of Florida.
He faces up to 20 years in prison for each fraud count and up to 10 years on the money laundering count.
Goliath Ventures, formerly Gen-Z Venture Firm, solicited investors from at least January 2023 through January 2026 with pitches for monthly payouts it claimed came from crypto liquidity pools, prosecutors said. Delgado admitted in his plea agreement to causing at least $250 million in investor losses.
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