A federal class action lawsuit has been filed against a businessman accused of running a Ponzi scheme. The Justice Department says Christopher Delgado scammed investors out of $328 million through his Orlando company, Goliath Ventures.The feds said Delgado would get people to invest large sums of money, promising them monthly returns from what they called “Cryptocurrency liquidity pools.”He’s now out of jail after posting a $1 million bond.The class action complaint was filed by T & C Investing Corp and claims Delgado’s online portal for reporting was fraudulent and that he used the investment funds for person items. “During the period it was making investments, T & C was never informed of the true nature of how Goliath and Delgado were using its money. Had it known the truth, T & C never would have invested in Goliath,” the lawsuit states. T & C is requesting a jury trial. >> This is a developing story and will be updated
A federal class action lawsuit has been filed against a businessman accused of running a Ponzi scheme.
The Justice Department says Christopher Delgado scammed investors out of $328 million through his Orlando company, Goliath Ventures.
The feds said Delgado would get people to invest large sums of money, promising them monthly returns from what they called “Cryptocurrency liquidity pools.”
He’s now out of jail after posting a $1 million bond.
The class action complaint was filed by T & C Investing Corp and claims Delgado’s online portal for reporting was fraudulent and that he used the investment funds for person items.
“During the period it was making investments, T & C was never informed of the true nature of how Goliath and Delgado were using its money. Had it known the truth, T & C never would have invested in Goliath,” the lawsuit states.
T & C is requesting a jury trial.
>> This is a developing story and will be updated