Goliath Ventures hit by SEC, CFTC in $425M crypto case

Goliath Ventures and founder Christopher Delgado face parallel civil actions from two U.S. market regulators, adding to a federal criminal case in which Delgado has already pleaded guilty. Summary SEC says Goliath Ventures raised at least $425 million from more than 1,300 investors through offerings. CFTC says about 1,600 customers contributed at least $397 million for purported crypto asset trading. Christopher Delgado admitted causing at least $250 million in losses after pleading guilty in June. Delgado agreed to settle the SEC case, while the CFTC seeks restitution, penalties and bans. Federal prosecutors now list Delgado’s sentencing for October 21 as the criminal investigation continues separately. The SEC and CFTC filed complaints on Aug. 11 in the U.S. District Court for the Middle District of Florida. The SEC said Goliath Ventures raised at least $425 million from more than 1,300 investors between January 2023 and January 2026. The CFTC separately said about 1,600 customers contributed at least $397 million after being solicited for crypto trading involving Bitcoin and Ether. Both agencies allege customer money was not used as represented. Why Goliath Ventures now faces bo...