JPMorgan Chase Faces Lawsuit for Alleged Role in $328M Crypto Ponzi Scheme
- A class action lawsuit was filed against JPMorgan Chase Bank, alleging its involvement in a $328 million Ponzi scheme orchestrated by Goliath Ventures.
- The scheme reportedly involved over 2,000 investors, including Robby Steele, who invested $650,000.
- Goliath CEO Christopher Delgado allegedly used Chase accounts to manage funds and execute the Ponzi structure.
- Approximately $253 million flowed through a key Chase account between 2023 and 2025, with minimal funds used for actual crypto investments.
- The lawsuit claims that JPMorgan failed to detect fraudulent activities despite having transaction monitoring systems and anti-money-laundering obligations.
A class action suit accuses JPMorgan of enabling a $328 million Ponzi scheme by Goliath Ventures. The firm allegedly misused investor funds via Chase accounts under CEO Christopher Delgado’s direction.
Source (3.2)https://cryptobriefing.com/jpmorgan-chase-sued-enabling-328-million-crypto-ponzi-scheme/?rand=59535
