Goliath Ventures CEO arrested for wire fraud and money laundering

Date: Feb. 24, 2026

Contact: [email protected]

Orlando, FL - Christopher Alexander Delgado (Apopka) has been arrested on a criminal complaint charging him with wire fraud and money laundering. If convicted on all counts, Delgado faces a maximum penalty of 30 years in federal prison. United States Attorney Gregory W. Kehoe made the announcement.

According to the complaint, Delgado was the President and Chief Executive Officer of Goliath Ventures, formerly known as Gen-Z Venture Firm. From January 2023 through January 2026, Delgado operated Goliath as a "Ponzi scheme," which is a form of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Delgado's scheme involved soliciting victims to invest substantial sums of money under false and fraudulent promises of monthly returns generated through cryptocurrency "liquidity pools." Victims were induced to give money to Goliath through personal referrals, professional marketing materials, luxury events, charitable sponsorships, and some monthly payments of purported returns, all of which were designed to establish Goliath's bona fides with investors. Based on these false and fraudulent representations, Goliath obtained at least $328 million from victim investors.

Although Goliath represented that it would place the victim investors' funds in cryptocurrency liquidity pools, in reality, the funds were primarily used to pay purported returns to earlier investors, to return principal to investors who requested it, and for Goliath's extravagant business gatherings, holiday parties, and luxury travel accommodations. With victim investors' funds, Delgado purchased four residential properties each worth between $1.15 million and $8.5 million.

This case is being investigated by the Internal Revenue Service Criminal Investigation and Homeland Security Investigations. It is being prosecuted by Assistant United States Attorneys Richard Varadan, Noah P. Dorman, and Hannah Nowalk Watson.

IRS-CI is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. It is the only federal law enforcement agency with investigative jurisdiction over violations of the Internal Revenue Code. IRS-CI has 18 field offices located across the U.S. and maintains an international presence through attaché posts abroad.