Gibbs Mura and Silver Law Group were the first to file a class action lawsuit against Goliath Ventures, Inc., the Orlando-based blockchain investment firm, and its CEO Christopher Delgado. Together with co-counsel, our team also filed a class action lawsuit against JPMorgan Chase Bank, Bank of America, Alston & Bird, Broad Financial, and Coinbase, for allegedly assisting in the approximately $328 million cryptocurrency investment fraud.
Our attorneys continue to review potential claims on behalf of additional investors who were impacted. If you invested in Goliath Ventures and are unable to access your funds, you may have legal options.
According to federal authorities and multiple media reports, Goliath Ventures allegedly raised approximately $328 million from investors through cryptocurrency-related investment programs. Goliath Ventures used alluring claims of a guaranteed 3-8% return to attract investors.
Federal prosecutors have characterized the operation as a large-scale Ponzi scheme and have filed a criminal information against CEO Christopher Delgado in the Middle District of Florida.
Public reports state that authorities allege:
Investor funds were used to pay earlier investors rather than placed in cryptocurrency liquidity pools, as promised
The company misrepresented the nature and performance of its operations
Hundreds of millions of dollars were raised nationwide and internationally through crypto-based offerings
Federal investigators are pursuing fraud-related charges
We are investigating potential claims to recover losses on behalf of Goliath Ventures investors.
Defendants Alleged to Have Assisted in Goliath’s Fraud
A class action complaint filed by Gibbs Mura and co-counsel on May 6, 2026 lays out plaintiffs’ allegations and legal claims against several third parties for allegedly assisting in the fraud.
Alston & Bird – Goliath’s lawyers who drafted the Joint Venture Agreements and provided other legal advice to the joint venture.
According to the complaint, Goliath’s massive fraud would not have been possible without the participation of its law firm, Alston & Bird. The lawsuit claims that the firm designed and facilitated the legal framework through which investor funds were solicited and managed.
Broad Financial – A financial services company who assisted certain investors with investing their retirement funds into Goliath.
Broad Financial allegedly created and profited from the pipeline through which Goliath acquired investor retirement funds. The complaint further alleges that Broad Financial processed dozens of Goliath investors and collected fees while overlooking its duties, representations, and legal obligations.
JPMorgan Chase – One of the banks Goliath used to accept and transfer investor funds.
Goliath maintained bank accounts at JPMorgan Chase, into which approximately $253 million in investor funds were deposited between January 2023 and June 2025. The bank allegedly saw Goliath’s misappropriation of funds in the account, but chose to profit from it, rather than exposing the scheme.
Bank of America – Another bank Goliath used to receive and transfer investor funds.
Goliath held bank accounts at Bank of America, into which approximately $75 million in investor funds were deposited between May 2025 and September 2025. Like JP Morgan Chase, Bank of America had visibility into Goliath’s fraudulent account activity, yet continued to provide banking services that enabled the scheme to continue.
Coinbase – A platform through which investor funds were converted into cryptocurrency and then transferred to crypto wallets.
The complaint alleges that Coinbase played a significant role in Goliath’s fraud. As a regulated financial intermediary, Coinbase is required to understand the nature of its customer accounts, monitor transactions, and identify potentially fraudulent activity. Although Coinbase saw indicators of Goliath’s fraud in its systems, it continued to process and execute Goliath’s transactions.
Goliath Ventures CEO Arrested in Alleged $328 Million Ponzi Scheme
Public reports state that Christopher Delgado, CEO of Goliath Ventures, was arrested in connection with alleged wire fraud and money laundering charges.
Authorities allege that investor funds were used in ways inconsistent with representations made to investors. The criminal case remains ongoing.
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, […] and for Goliath’s extravagant business gatherings, holiday parties, and luxury travel accommodations.
U.S. Attorney’s Office, Middle District of Florida, Press Release, February 24, 2026
Do you have a potential legal claim related to the Goliath Ventures Ponzi Scheme?
You should speak with an investment fraud attorney if:
You invested money with Goliath Ventures
Your withdrawals were delayed or denied
You cannot access your funds
You relied on representations about the company’s operations
You suffered losses following the collapse of the program
Hiring Our Team for the Goliath Ventures Crypto Ponzi Scheme Lawsuit
If we don’t win, you owe us nothing.
We will not charge you legal fees or for any of the costs of litigating your case unless you win a recovery.
There is no financial downside to you if you pursue a legal claim—you only stand to recover additional funds.
We pursue cases on behalf of our clients on a “contingency fee basis.” This means that pursuing a lawsuit for your Goliath Ventures investment will cost you nothing unless we win, and even then, you pay nothing out-of-pocket (our attorneys’ fees and costs are deducted from your recovery).
Additional FAQs
Was Goliath Ventures a Ponzi scheme?
Federal prosecutors have alleged that Goliath Ventures operated as a Ponzi scheme, meaning investor funds were allegedly used to pay earlier investors rather than being generated from legitimate operations. These are allegations from federal filings, and the criminal case remains ongoing.
Can investors recover their money from the Goliath Ventures Ponzi scheme?
Possibly. Civil recovery actions are separate from criminal prosecutions. Even if criminal charges are pending, investors may be able to pursue claims to recover losses, depending on the facts of their investment and the structure of the offering.
Do I need to wait for the criminal case against Christopher Delgado to finish?
No. Investors do not need to wait for the outcome of the criminal case to explore potential civil claims. Civil lawsuits and investor recovery actions proceed independently of criminal proceedings.
Who can file a claim related to the Goliath Ventures Ponzi scheme?
Individuals or entities who invested money with Goliath Ventures and suffered losses may wish to consult an attorney. Eligibility for recovery depends on factors such as when the investment was made, the representations received, and the amount invested.
How much money is left?
As of now, we have no way of knowing how much money Goliath still has. The bank accounts and assets have been frozen by the government. Our goal is to supplement whatever money you get from the bankruptcy process with money from third party claims.
Our Results in Financial Fraud and Ponzi Scheme Cases
$26.5 million in settlements. Plaintiffs alleged that management inflated assets & earnings, and the funds’ auditors knew about overstatements but failed to take appropriate action.
Millions recovered. Represented hundreds of investors in claims against dozens of brokerages for alleged misrepresentations and negligent due diligence.
$16.5 million settlement for investors in litigation alleging violations of federal securities laws related to the company’s statements in connections with its IPO in 2016, and afterwards.
$40 million+ in settlements for CA members of the American Fair Credit. Plaintiffs alleged that AFCA operated an illegal credit repair scheme.
About our Goliath Ventures Lawsuit Investigation Lawyers
Gibbs Mura & Silver Law Group both named
Top 50 Plaintiff Securities Law Firms
ISS Securities Class Action Services 2025
Gibbs Mura, A Law Group
Gibbs Mura’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients’ behalf.
Gibbs Mura attorneys have fought some of the most complex cases brought under federal and state laws nationwide, and have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).
Silver Law Group
Silver Law Group is a team of securities lawyers, MBAs, and support staff who are dedicated to helping investors recover losses through securities litigation in federal or state court and in arbitration.
The firm is led by Scott Silver, a former Wall Street defense attorney and current AAJ chair of the Securities and Financial Fraud group who has been representing customers in securities and investment fraud cases since 2002. Scott is admitted to practice in New York and Florida and the firm’s FINRA arbitration attorneys represents investors nationwide.
My in-laws lost their retirement funds to a dishonest broker. Silver Law Group and Scott Silver aggressively pursued their losses until he got their money back.
Ben M., Silver Law Group client
Our Securities & Investment Fraud Lawyers & Legal Team
Ryan is an attorney at Silver Law Group, a nationally recognized law firm representing investors worldwide to recover their investment losses. Ryan focuses his practice on securities fraud, elder financial fraud, Ponzi schemes, and other investment fraud matters including whistleblower and receivership actions.
Linda has recovered millions of dollars prosecuting fraud, breach of contract, and breach of fiduciary cases against large banks and insurance companies.
Ryan is an attorney at Silver Law Group, a nationally recognized law firm representing investors worldwide to recover their investment losses. Ryan focuses his practice on securities fraud, elder financial fraud, Ponzi schemes, and other investment fraud matters including whistleblower and receivership actions.
Linda has recovered millions of dollars prosecuting fraud, breach of contract, and breach of fiduciary cases against large banks and insurance companies.
