Former Goliath Ventures CEO pleads guilty to fraud and money laundering

Christopher Alexander Delgado, former CEO of Goliath Ventures, pleaded guilty Tuesday to conspiracy to commit wire fraud, wire fraud, and money laundering. The U.S. Attorney’s Office for the Middle District of Florida said the charges stem from a scheme that raised at least $400 million from investors between January 2023 and January 2026.

Scheme details Delgado admitted in his plea agreement to causing at least $250 million in investor losses. Prosecutors said investor funds were used to pay earlier investors, cover withdrawals, and finance personal purchases. Those purchases included at least six residential properties valued between $1.15 million and $8.5 million each, plus Lamborghinis, Rolls-Royces, Rolex watches, dozens of Louis Vuitton bags, and custom Tiffany jewelry.

Asset forfeiture and sentencing As part of the plea, Delgado agreed to forfeit eight properties, 11 vehicles, 30 watches, more than 50 luxury bags and wallets, at least 29 pieces of jewelry, and several bank and crypto accounts. He faces up to 20 years in prison on each fraud count and up to 10 years on the money laundering count.

Sentencing is scheduled for October 8. The company, formerly known as Gen-Z Venture Firm, promised investors monthly returns of 3% to 8% from crypto liquidity pools. Goliath Ventures entities were placed into receivership in March and later filed for Chapter 11 bankruptcy in the Southern District of Florida.