Overview
- Investors filed a proposed class action on March 10 in the Northern District of California alleging JPMorgan’s banking services enabled Goliath Ventures’ scheme.
- Court filings trace roughly $253 million through a Chase business account from 2023 to mid‑2025 and about $123 million onward to Coinbase wallets controlled by Goliath.
- Plaintiffs say JPMorgan ignored transaction-monitoring red flags and failed to escalate suspicious activity, allowing the operation to grow and prolong losses.
- The complaint seeks investor damages and disgorgement of fees the bank allegedly earned from servicing Goliath-related accounts, naming Robby Steele as lead plaintiff with a $650,000 stake.
- The civil suit follows the February arrest of CEO Christopher Delgado in an active federal case, positioning the litigation as a potential precedent on bank liability for crypto fraud using fiat rails.