BlockBeats news, on March 28, according to The Street, the Florida-based cryptocurrency company Goliath Ventures has filed for Chapter 11 bankruptcy reorganization in the Southern District of Florida. The company is alleged to be connected to a $328 million Ponzi scheme, affecting over 2,000 victim investors, including Gregory Wilson, who lost approximately $8.74 million, and John Euliano, who lost about $1.28 million. Additionally, plaintiffs have filed a class-action lawsuit against JPMorgan Chase early next month, accusing it of turning a blind eye to suspicious transactions related to Goliath Ventures.
Previously, Goliath Ventures’ former CEO Christopher Alexander Delgado was arrested for allegedly running a $328 million Ponzi scheme and faces charges of wire fraud and money laundering. Delgado lured victims under the guise of investing in cryptocurrency liquidity pools and promising monthly returns, but the funds were used to pay returns to earlier investors, acquire luxury homes, and finance extravagant activities.
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