Goliath Ventures Files for Bankruptcy Amid CEO’s Arrest Over Ponzi Scheme
- Florida-based Goliath Ventures has filed for Chapter 11 bankruptcy following the arrest of CEO Christopher Delgado.
- Delgado faces federal charges of wire fraud and money laundering, linked to a $328 million Ponzi scheme affecting over 2,000 investors.
- The firm’s liabilities could reach $500 million, with only $1 million to $10 million available for repayment.
- A class action targets JPMorgan Chase, alleging the bank enabled the scheme by failing to detect fraudulent activities.
- The US Attorney’s Office alleges Delgado used investor funds for personal luxury expenses and real estate investments.
Goliath Ventures has filed for bankruptcy after CEO Christopher Delgado was arrested on charges related to a $328 million Ponzi scheme. The firm’s liabilities may reach up to $500 million, while investors pursue legal action against JPMorgan Chase for its alleged role in facilitating the fraud.
Source (3.2)https://cryptobriefing.com/goliath-ventures-bankruptcy-chapter-11/?rand=59535
