APOPKA, Fla. – Christopher Alexander Delgado, the Apopka man accused of running a massive cryptocurrency investment fraud through Goliath Ventures, has agreed to plead guilty in federal court, according to court records obtained by News 6 on Tuesday.
Background
In March, ClickOrlando reported Delgado was arrested and charged federally and separately faced a class-action lawsuit tied to alleged investor losses.
[RELATED: Apopka man accused of running Ponzi scheme faces class-action lawsuit]
The plea agreement (what’s new)
Delgado, 34, will plead guilty to:
- Conspiracy to commit fraud
- Wire fraud
- Money laundering (illegal monetary transactions)
The agreement also states Delgado:
- Agrees the overall loss to victims was at least $250 million
- Agrees to pay full restitution to all victims
What prosecutors say happened
Federal prosecutors allege Delgado used Goliath as a Ponzi scheme from at least January 2023 - January 2026, including:
- Soliciting at least 1,000 investors
- Promising profits from cryptocurrency “liquidity pools” and other DeFi strategies
- Marketing monthly returns that were sometimes described as guaranteed
According to the factual basis attached to the plea:
- Most investor funds were not placed into the liquidity pools described in marketing materials and contracts
- Investor money largely stayed in bank accounts or crypto wallets
- Prosecutors say money was used for personal expenses and to make distributions to investors that were portrayed as returns
Assets listed for forfeiture
The plea agreement includes extensive forfeiture provisions. Items listed include:
- Multiple Central Florida properties:
- Windermere — 5271 Isleworth Country Club Drive
- Winter Park — 141 S. Phelps Ave.
- Winter Garden — 17416 Bal Harbour Drive
- Kissimmee — 222 Pawnee Trail
- Orlando — 189 S. Orange Ave. (various units)
- Sanford — 7333 Bella Foresta Place
- Apopka — 746 Cavan Drive (over $77,000 was used to pay the mortgage on this property)
- Apopka — 2142 Country Side Drive (nearly $90,000 was used to pay the mortgage on this property)
- Necklaces and bracelets, including a turquoise Pokémon box containing a silver Pikachu necklace
- Luxury vehicles, including a Lamborghini Revuelto, Rolls-Royce Ghost, and Bentley Bentayga
- Luxury luggage, purses, cases and wallets, including several Louis Vuitton products
What happens next
- The plea agreement does not set the final sentence; a federal judge will decide later
- Delgado must cooperate with investigators; prosecutors will consider whether that cooperation qualifies as “substantial assistance,” which can support a request for a reduced sentence
That said, anyone else who believes they are a victim of these offenses is urged to report their experience by clicking here.