Florida man arrested over alleged $328M crypto Ponzi scheme
TL;DR
A Florida man was arrested for allegedly running a $328 million cryptocurrency Ponzi scheme through his company, facing up to 30 years in prison on fraud and money laundering charges.
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Source: New York Post
A Florida man was arrested on federal charges related to an alleged cryptocurrency “Ponzi scheme” that defrauded investors of at least $328 million. The U.S. Attorney’s Office for the Middle District of Florida said in a release Feb. 24 that Christopher Alexander Delgado, a 34-year-old from Apopka, was arrested on wire fraud and money laundering charges. If convicted on all charges, Delgado would face a maximum of 30 years in federal prison. According to a federal complaint, Delgado was the president and CEO of Goliath Ventures, formerly known as Gen-Z Venture Firm, and allegedly carried out the Ponzi scheme from Jan. 2023 through Jan. 2026. Full Story