Goliath Ventures Faces SEC, CFTC Suits Over $400M Ponzi

Goliath Ventures Faces SEC, CFTC Suits Over $400M Ponzi

Regulators allege Goliath promised crypto liquidity-pool returns but instead paid earlier investors and funded its founder’s luxury spending.

SEC, CFTC Target Goliath Ventures Over $400M Crypto Ponzi

Federal regulators have targeted Goliath Ventures over an alleged crypto Ponzi scheme involving more than $400 million. The CFTC cites 1,600 customers, while the SEC alleges at least $425 million was raised from over 1,300 investors. Customers Put at Least $397 Million Into Alleged Crypto Scheme...

SEC and CFTC sue Goliath Ventures over $400M crypto Ponzi

the breakdown Market briefing: Regulators have sued Goliath Ventures over an alleged $400M crypto Ponzi scheme. Bitcoin barely blinked near $63,532, down 0.6 percent on the day, while Ethereum held around $1,879. The SEC and CFTC have jointly sued Goliath Ventures over an alleged $400M crypto Ponzi scheme. Regulators say Goliath promised liquidity-pool returns but paid old investors and funded its founder's luxury spending. BTC held near $63,5…

CFTC accuses Goliath of $397M crypto Ponzi scheme as CEO awaits sentencing

Goliath Ventures allegedly collected $397 million from 1,611 customers before its CEO pleaded guilty to federal fraud and money-laundering charges.

CFTC Sues Goliath Ventures Over $397 Million Crypto Ponzi Scheme

The Commodity Futures Trading Commission has charged Goliath Ventures Inc. and its CEO, Florida resident Christopher Delgado, with running a Ponzi scheme built on fraudulent solicitations for bitcoin and ether trading. The complaint was filed in the U.S. District Court for the Middle District of Florida.Roughly 1,600 customers contributed at least $397 million to the scheme, while Delgado and Goliath misappropriated all customer funds. They fund…

CFTC charges Goliath Ventures and CEO Chris Delgado with $400M crypto fraud

In total, approximately 1,600 customers contributed at least $397 million to the defendants’ fraud. The post CFTC charges Goliath Ventures and CEO Chris Delgado with $400M crypto fraud appeared first on FX News Group.