PANews reported on February 26 that, according to Decrypt, the U.S. Attorney's Office for the Central District of Florida stated that Christopher Alexander Delgado, former CEO of crypto investment firm Goliath Ventures, has been arrested on charges of wire fraud and money laundering, and could face up to 30 years in prison for allegedly operating a Ponzi scheme worth approximately $328 million.

The indictment alleges that Delgado lured victims with promises of monthly returns on investments in crypto liquidity pools, but the funds were used to pay returns to early investors, purchase luxury homes, and fund lavish lifestyles. The monthly returns received by investors actually came from funds raised by later investors. Victims identified by law enforcement will receive notices of their rights.