Key Highlights
Delgado admitted to causing roughly $250 million in investor losses from a crypto scheme that raised more than $400 million.
Client funds were spent on six luxury homes priced up to $8.5 million each, multiple Lamborghinis and Rolls-Royces, and over 50 Louis Vuitton handbags.
He agreed to forfeit 8 properties, 11 vehicles, 30 watches, 50+ designer bags, and 29 pieces of jewelry, and faces up to 20 years in prison per fraud count.
Christopher Alexander Delgado, 34, founder and CEO of Goliath Ventures, pleaded guilty to federal wire fraud and money laundering charges tied to a cryptocurrency investment scheme that collected more than $400 million from investors across the United States.
Court documents show Delgado admitted to causing approximately $250 million in losses. Instead of investing client capital as promised, he used the funds to purchase six luxury homes valued between $1.15 million and $8.5 million, a fleet of Lamborghinis and Rolls-Royces, and more than 50 Louis Vuitton handbags.
As part of his plea agreement, Delgado agreed to forfeit eight properties, eleven vehicles, thirty watches, over fifty designer bags, and twenty-nine pieces of jewelry. He now faces a potential sentence of up to 20 years in federal prison on each wire fraud count.
