ORLANDO, Fla. – An Apopka man arrested this week stands accused of running a Ponzi scheme that bilked at least $328 million from victim investors, according to federal prosecutors.
Christopher Alexander Delgado, 34, was identified in the criminal complaint as the president and CEO of Goliath Ventures, formally known as Gen-Z Venture Firm. He faces charges of wire fraud and money laundering, a news release states.
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According to the news release from the office of Gregory W. Kehoe, United States Attorney for the Middle District of Florida, Delgado operated Goliath Ventures as a Ponzi scheme from January 2023 through January 2026.
In that time, through “personal referrals, professional marketing materials, luxury events, charitable sponsorships and some monthly payments of purported returns,” Delgado is accused of getting victims to invest large amounts of money under false pretenses of monthly returns generated by cryptocurrency “liquidity pools” while, instead, the funds were actually used to pay phony monthly returns to earlier investors, the release states.
Delgado is further accused of using the victims’ money to fund “extravagant business gatherings, holiday parties and luxury travel accommodations,” as well the purchase of the following four residential properties:
- August 2024, $1.65 million property in Sanford
- December 2024, $1.15 million property in Kissimmee
- July 2025, $3.2 million property in Winter Park
- September 2025, $8.5 million property in Windermere
Delgado faces a maximum sentence of 30 years in federal prison if convicted on all counts, according to prosecutors.
Victims who have been identified by law enforcement will be notified directly of their rights pursuant to the Crime Victims’ Rights Act, the release states. Those who believe they may be a victim and have not yet been notified are encouraged to email Goliathvictims@ci.irs.gov or to visit the U.S. Justice Department’s website.