interview<\/a> aired Monday by ABC-affiliated television station WFTV, Delgado said he returned to the U.S. voluntarily to answer fraud and money laundering charges filed by the Orlando U.S. Attorney\u2019s Office on Feb. 20.\u00a0<\/p>\n\u201cThey put their trust in me, and I failed them,\u201d Delgado told the outlet, adding that he wanted to explain what happened \u201cfrom beginning to end\u201d and express \u201chow sorry I am.\u201d<\/p>\n
Federal prosecutors have accused Delgado of running Goliath Ventures as a Ponzi scheme between January 2023 and January 2026 by convincing investors to place large sums into crypto liquidity pool strategies that allegedly promised guaranteed monthly returns. If convicted on all charges, Delgado faces up to 30 years in federal prison.<\/p>\n
WFTV reported that victims included nurses, teachers, firefighters, and retirees who were allegedly drawn in through promises that their funds could be withdrawn at any time. One investor reportedly lost nearly $720,000 after being assured that the investment carried guaranteed returns and redemption access.<\/p>\n
Inside the alleged Goliath operation<\/h2>\n
During the television interview, Delgado admitted that Goliath had been paying people \u201can astronomical amount of money\u201d when questioned about how investor capital was allegedly handled. Prosecutors said part of the money collected from investors went toward purchasing four Florida properties worth a combined $14.5 million.<\/p>\n
<\/p>\n
Court filings from the U.S. Attorney\u2019s Office also alleged that investor money financed luxury travel, large business events, and company Christmas parties linked to Goliath Ventures\u2019 operations.<\/p>\n
Meanwhile, WFTV reported that Delgado is currently out on bail under home confinement while wearing an ankle monitor at an 11,000 square foot estate that authorities claim was purchased using investor funds. Delgado told the station there was only about $160,000 left in Goliath Ventures\u2019 bank account around the time of his arrest.<\/p>\n
At the same time, Delgado claimed he was not acting alone and said he is cooperating with federal investigators regarding what he described as the involvement of former colleagues in the alleged scheme.<\/p>\n
JPMorgan lawsuit<\/h2>\n
Separate legal action filed in March expanded scrutiny beyond Goliath Ventures itself after investors sued JPMorgan Chase over its alleged role in processing transactions tied to the operation.<\/p>\n
According to the proposed class-action complaint filed in federal court in Northern California, investors alleged that roughly $253 million flowed into Chase accounts connected to Goliath Ventures between January 2023 and June 2025. The lawsuit further claimed that about $123 million was later transferred from those accounts to wallets at Coinbase and other crypto platforms.<\/p>\n
Plaintiffs argued that JPMorgan should have identified suspicious activity linked to the investment operation through its Know Your Customer and anti-money laundering obligations. The complaint accused the bank of failing to act on large and repeated retail investor deposits that allegedly did not match Goliath\u2019s stated business activity.<\/p>\n
Investors behind the lawsuit are seeking damages while arguing that traditional financial institutions should also face liability when alleged crypto fraud operations move funds through regulated banking channels.<\/p>\n
Last month, a federal judge in Florida extended the deadline for prosecutors to file an indictment against Delgado until June 26.<\/p>\n
<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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