SEC and CFTC sue Goliath Ventures over alleged $400M crypto Ponzi scheme

BitcoinWorld SEC and CFTC sue Goliath Ventures over alleged $400M crypto Ponzi scheme The U.S.

Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have filed separate civil complaints against Goliath Ventures and its founder, Christopher Delgado, over an alleged cryptocurrency Ponzi scheme that raised approximately $400 million from investors.

The actions, reported by Cointelegraph, mark the latest regulatory crackdown on fraudulent digital asset investment schemes.

Allegations by the SEC and CFTC According to the SEC’s complaint, Goliath Ventures raised at least $425 million from more than 1,300 investors by claiming the funds would be invested in cryptocurrency liquidity pools.