According to Foresight News , citing The Street, Florida-based cryptocurrency firm Goliath Ventures has filed for Chapter 11 bankruptcy reorganization in the Southern District of Florida. The company is alleged to be linked to a $328 million Ponzi scheme that defrauded over 2,000 investors, including Gregory Wilson (who lost approximately $8.74 million) and John Euliano (who lost approximately $1.28 million). Furthermore, earlier this month, a class-action lawsuit was filed against JPMorgan Chase, accusing it of ignoring suspicious transactions by Goliath Ventures.
According to a previous report by Foresight News , Christopher Alexander Delgado, former CEO of Goliath Ventures, was arrested on suspicion of running a Ponzi scheme involving approximately $328 million and faces charges of wire fraud and money laundering. Delgado lured victims by promising monthly returns on investments in cryptocurrency liquidity pools, but the funds were used to pay returns to early investors, purchase luxury homes, and fund extravagant activities.
