Overview
- Christopher Alexander Delgado pleaded guilty to conspiracy to commit wire fraud, wire fraud, and money laundering after a hearing on Tuesday, and he is scheduled for federal sentencing on October 8, 2026.
- Prosecutors say Goliath raised between roughly $328 million and $400 million from more than 1,000 retail investors while Delgado admitted his conduct caused at least $250 million in losses.
- The firm marketed returns as coming from cryptocurrency liquidity pools but investigators found only about $1–1.5 million was actually placed on a decentralized exchange and that new investor funds were used to pay earlier investors.
- As part of his plea Delgado agreed to forfeit eight properties, 11 vehicles, dozens of watches, more than 50 designer bags, jewelry, and seized bank and crypto accounts to provide restitution to victims.
- Federal investigators led by IRS Criminal Investigation and Homeland Security Investigations continue parallel bankruptcy, receivership, civil forfeiture, and bank‑related litigation, and prosecutors say Delgado will cooperate as they pursue other targets.