ORLANDO, Fla. – The Central Florida man accused of operating a “Ponzi Scheme” is now facing a class-action lawsuit.
Christopher Alexander Delgado, 34, of Apopka, was arrested last month and charged by federal prosecutors with wire fraud and money laundering, accused of running a $328 million Ponzi scheme.
A Ponzi scheme consists of using investment funds, from new investors, to serve as purported returns paid to existing investors.
T & C Investing Corp, based out of New York, filed the class action lawsuit in the U.S. Southern District of Florida Wednesday, accusing Delgado and his now-defunct business, Goliath Ventures, of fraud.
“This is a fraud,” said Scott Silver, an attorney who is representing T & C. “Early indications is that there were thousands of investors in this program.”
Silver told News 6 Thursday that his client was initially drawn to Delgado’s promise of returns from cryptocurrency liquidity pools.
“The one thing that seems to be a certainty in this case is that there were no crypto liquidity pools,” Silver said. “Delgado was not in that business, not making money from that business. It seems that most of the money that was being distributed here was new investor money going out to old investors.”
According to the lawsuit, T & C invested approximately $1.16 million with Goliath between December 2024 and September 2025, but to date, the business had only received approximately $211, 246 in purported returns on its investments.
“This was a very substantial amount of money to T & C, and it’s having a huge impact on their financial resources,” Silver said.