Orlando crypto CEO arrested for $328 million Ponzi scheme
Orlando Sentinel • • business
Key Points:
- Christopher Alexander Delgado, CEO of Orlando-based blockchain firm Goliath Ventures and former Orange County commission candidate, was arrested for allegedly running a Ponzi scheme that defrauded investors of at least $328 million through false promises of cryptocurrency returns.
- The scheme operated from January 2023 to January 2026, using personal referrals, luxury events, and charitable sponsorships to build trust, but only about $1 million was actually invested in cryptocurrency liquidity pools.
- Funds were primarily used to pay earlier investors, finance extravagant business and personal expenses, including multi-million dollar residential properties, and Delgado and co-conspirators provided fabricated investment statements to conceal the fraud.
- Delgado had a public philanthropic profile, including pledges to drug abuse
