US seizing assets bought with funds from Goliath fraud scheme

WE’LL HAVE MORE ON THE IMPACT OF THE IRAN WAR IN OUR NEXT HALF HOUR. A FEDERAL LAWSUIT HAS NOW BEEN FILED AGAINST A BUSINESSMAN ACCUSED OF RUNNING A PONZI SCHEME. THE LAWSUIT WAS FILED IN THE SOUTHERN DISTRICT OF FLORIDA AGAINST CHRISTOPHER DELGADO. THE JUSTICE DEPARTMENT SAYS HE SCAMMED INVESTORS OUT OF $328 MILLION THROUGH HIS COMPANY IN ORLANDO GOLIATH VENTURES. THE FED SAID DELGADO WOULD GET PEOPLE TO INVEST LARGE SUMS OF MONEY, PROMISING THEM MONTHLY RETURNS FROM WHAT THEY CALLED CRYPTOCU

US seizing all assets purchased with proceeds of Goliath Ventures fraud scheme

Updated: 12:56 PM EDT May 26, 2026

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A federal class action lawsuit was filed earlier this year against a businessman accused of running a Ponzi scheme, and now the United States is seeking all assets purchased with the proceeds of the Goliath Ventures fraud scheme.>> The video above is previous coverage.The Justice Department says Christopher Delgado scammed investors out of $328 million through his Orlando company, Goliath Ventures, also known as Gen-Z Ventures.Delgado was arrested and charged in February.Federal investigators said the multimillion-dollar Ponzi scheme was run from a downtown Orlando office tower.Delgado would get people to invest large sums of money, promising them monthly returns from what they called “cryptocurrency liquidity pools,” investigators said.Delgado could face up to 30 years in federal prison, and as the investigation has progressed, a civil forfeiture complaint was filed against seven real properties and 11 vehicles Delgado allegedly purchased with the proceeds of the fraud scheme.Federal investigators said Goliath Ventures obtained at least $400 million from more than 1,000 victim investors. In a news release issued by the United States Attorney’s Office, the funds obtained 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.””Delgado used approximately $17 million in victim investors’ funds to buy five homes and office space,” the release added.The assets are listed below, as well as their purchase price and acquisition date: 9/5/2025 – 5271 Isleworth Country Club Drive, Windermere, FL ($8.5 million)7/14/2025 – 141 S. Phelps Avenue, Winter Park, FL ($3.2 million) 4/22/2025 – 2025 Lamborghini Revuelto ($719,517.01)4/21/2025 – 2024 Rolls-Royce Ghost ($379,995)4/9/2025 – 2024 Bentley Bentayga ($285,540)3/30/2025 – 2024 Lamborghini Huracán EVO Spyder ($473,723)3/19/2025 – 2025 Cadillac Escalade V ($238,561.25)3/4/2025 – 2024 Lincoln Navigator L ($125,862.37)2/13/2025 – 17416 Bal Harbour Drive, Winter Garden, FL ($740,000)12/6/2024 – 222 Pawnee Trail, Kissimmee, FL ($862,500)8/5/2024 – 7333 Bella Foresta Place, Sanford, FL ($1.65 million)5/29/2024 – 189 S. Orange Avenue, Unit 1800S, 1810S, 1820S & 1870S, Orlando, FL ($3.2 million)4/12/2024 – 1951 Mercury ($52,000)1/12/2024 – 2017 Mercedes-Benz C300 ($15,000)10/27/2023 – 2023 Rolls-Royce Cullinan ($472,350)9/5/2023 – 2022 Mercedes-Benz Sprinter ($235,804.96)10/23/2022 – 2022 GMC Sierra HD ($93,963)12/20/2021 – 746 Cavan Drive, Apopka, FL ($725,000) The United States’ criminal investigation of the fraud scheme is ongoing.

ORLANDO, Fla. —

>> The video above is previous coverage.

The Justice Department says Christopher Delgado scammed investors out of $328 million through his Orlando company, Goliath Ventures, also known as Gen-Z Ventures.

Delgado was arrested and charged in February.

Federal investigators said the multimillion-dollar Ponzi scheme was run from a downtown Orlando office tower.

Delgado would get people to invest large sums of money, promising them monthly returns from what they called “cryptocurrency liquidity pools,” investigators said.

Delgado could face up to 30 years in federal prison, and as the investigation has progressed, a civil forfeiture complaint was filed against seven real properties and 11 vehicles Delgado allegedly purchased with the proceeds of the fraud scheme.

Federal investigators said Goliath Ventures obtained at least $400 million from more than 1,000 victim investors.

In a news release issued by the United States Attorney’s Office, the funds obtained 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.”

“Delgado used approximately $17 million in victim investors’ funds to buy five homes and office space,” the release added.

The assets are listed below, as well as their purchase price and acquisition date:

9/5/2025 – 5271 Isleworth Country Club Drive, Windermere, FL ($8.5 million)