Christopher Delgado, former CEO of Goliath Ventures, pleaded guilty to wire fraud and money laundering for a $400 million crypto investment scheme. He admitted causing at least $250 million in investor losses and agreed to forfeit properties, vehicles, luxury goods and crypto wallets.
Another large crypto Ponzi scheme ending in a guilty plea reinforces negative perceptions of crypto as a vehicle for fraud, though the prosecution shows regulatory enforcement working.
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