SEC and CFTC File Parallel Civil Actions

The SEC and CFTC charge Goliath Ventures, Inc. (“Goliath”) and its founder and CEO, Christopher A. Delgado (“Delgado”), in separate civil enforcement actions filed on August 11, 2026, concerning an alleged crypto asset Ponzi scheme.

The SEC litigation release alleges that Goliath and Delgado raised at least $425 million from more than 1,300 investors between January 2023 and January 2026 through an unregistered securities offering involving purported crypto asset liquidity pools. According to the SEC, no investor funds or crypto assets were placed into those liquidity pools, Delgado misappropriated at least $51 million for personal use, and investor funds were used to pay earlier investors.

The CFTC press release separately alleges that approximately 1,600 customers contributed at least $397 million for purported crypto asset trading, including bitcoin and ether. The CFTC alleges that customer funds were misappropriated, fictitious profits were paid to existing customers, principal or profits were falsely guaranteed, and false account statements reflected nonexistent gains.

What Relief Do the Agencies Seek?

The SEC charges Goliath and Delgado with violations of federal securities laws. Delgado consented to a proposed bifurcated judgment, subject to court approval, while monetary relief would be determined later. The SEC seeks injunctions and disgorgement with prejudgment interest against Goliath.

The CFTC seeks restitution, disgorgement, civil monetary penalties, trading and registration bans, and a permanent injunction. The CFTC also reported that Delgado pleaded guilty to federal criminal charges in June 2026 in a parallel criminal case.

Sources: CFTC Release No. 9280-26 (August 11, 2026); SEC Litigation Release No. 26608 (August 11, 2026)

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors and consumers in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

All representation is provided on a contingency-fee basis, and plaintiffs are not responsible for attorneys’ fees, court costs, or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval. 

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A Novelis Corporation (“Novelis”) employee has alleged that hourly production/manufacturing workers were not paid for required pre-shift work, resulting in unpaid overtime.

The lawsuit, Evans v. Novelis Corporation, 1:26-cv-04498-MHC (N.D. Ga. filed Aug. 10, 2026), seeks to proceed as an opt-in collective action under the Fair Labor Standards Act (“FLSA”) for certain current and former hourly, non-exempt production/manufacturing employees at Novelis locations outside Ohio.

What does the lawsuit allege?

The complaint was filed in United States District Court, Northern District of Georgia and alleges that Novelis generally paid covered employees for scheduled shift times, but did not pay them for required pre-shift work, including:

• changing into required uniforms and personal protective equipment (“PPE”);
• walking to assigned work areas; and
• participating in mandatory shift-change or shift-turnover procedures.

Allegedly, this unpaid time resulted in overtime violations during weeks when employees worked more than 40 hours. It also alleges that Novelis failed to keep complete and accurate time records and acted willfully.

Who may be covered?

The complaint defines the proposed collective as all current and former hourly, non-exempt production/manufacturing employees at Novelis locations outside Ohio who were paid for 40 or more hours in any workweek beginning three years before the complaint was filed on August 10, 2026.

Eligible workers do not join automatically. An FLSA collective member generally must file written consent with the court to opt in.

What relief is requested?

The plaintiff seeks, among other things, unpaid overtime, liquidated damages, attorneys’ fees, costs, and other relief as the Court deems just and proper.

Frequently Asked Questions

Is this a class action?

The complaint seeks an FLSA collective action, not a Rule 23 class action. Eligible workers generally must affirmatively opt in.

Are Novelis employees in Ohio included?

Not under the collective definition proposed in the complaint, which excludes Novelis locations in Ohio.

Did You Perform Unpaid Pre-Shift Work at Novelis?

If you worked as an hourly, non-exempt production/manufacturing employee at a Novelis location outside Ohio, worked more than 40 hours in a workweek, and performed required pre-shift activities without pay, you may have legal claims.

For more information, contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation legal evaluation.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors and consumers in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

All representation is provided on a contingency-fee basis, and plaintiffs are not responsible for attorneys’ fees, court costs, or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval. 

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Investigation Finds Unpaid Training, Off-the-Clock Work, and Overtime Violations

The U.S. Department of Labor announced that it recovered $113,199 in back wages after an investigation found that Premier Health Consultants LLC, which operates as St. Joseph’s/Candler Urgent Care, violated the Fair Labor Standards Act.

According to the Department’s Wage and Hour Division, the employer failed to pay workers properly for time spent attending required orientation, meetings, and training. Investigators found that employees received straight-time pay instead of the required overtime rate for hours worked beyond 40 in a workweek.

The Department also found that certain employees were required to perform work off the clock, resulting in additional unpaid overtime.

Department of Labor Finds Employee Retaliation

The Wage and Hour Division further determined that the employer suspended a worker who questioned its pay practices. The FLSA prohibits employers from retaliating against employees who raise concerns about unpaid wages or exercise their rights under federal wage-and-hour law.

Mandatory Training and Meetings May Be Compensable Work

Employers generally must compensate nonexempt employees for required, job-related orientation, meetings, and training. When that time causes an employee’s total hours to exceed 40 in a workweek, the employee may also be entitled to overtime compensation.

Employees may have potential wage claims if they were required to:

• Attend unpaid orientation or training;
• Participate in required meetings before or after a scheduled shift;
• Complete job-related tasks off the clock;
• Work more than 40 hours without receiving proper overtime pay; or
• Endure discipline or retaliation after questioning an employer’s pay practices.

Source: U.S. Department of Labor, Wage and Hour Division 

Concerned About Your Employer’s Pay Practices?

Employees concerned about unpaid overtime, off-the-clock work, unpaid training or meetings, improper deductions, misclassification, withheld compensation, or retaliation for raising pay-related concerns may have legal rights.

Available wage-and-hour protections depend on factors, such as the employee’s location, job duties, compensation structure, and individual circumstances. Employees who believe they have not received all compensation owed should preserve relevant pay statements, schedules, time records, workplace policies, and communications and consider consulting an employment attorney about their rights and available options.

For more information, contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation legal evaluation.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors and consumers in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

All representation is provided on a contingency-fee basis, and plaintiffs are not responsible for attorneys’ fees, court costs, or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval. 

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

On August 10, 2026, the SEC announced that it charged New York-based investment adviser Adit Ventures Management LLC, its CEO Eric Munson (“Munson”), and three affiliated general partners, Adit Ventures LLC; Adit Ventures II LLC; and Adit Ventures III LLC (the “General Partners”), for allegedly defrauding investors and client funds in connection with investments in pre-IPO shares, such as SpaceX and Klarna, including by misappropriating advisory client assets and charging millions in undisclosed fees.

According to the SEC’s complaint, from at least April 2019 through December 2024, the defendants used false claims and promises to persuade investors to contribute capital to Adit-managed funds, including Munson soliciting an investor by falsely claiming that a fund owned shares of stock of a private, pre-IPO company. Allegedly, the defendants regularly used client capital for their own benefit, including by taking unsecured loans from funds on favorable terms, and these transactions were not authorized by fund documents and generally not disclosed to investors.

The complaint also alleges that the defendants violated their fiduciary duties by buying pre-IPO shares and then causing client funds to buy those shares at a higher price, while misrepresenting the true cost of acquiring the shares to investors and without obtaining the requisite consent for these principal transactions; overcharging their client funds millions in unauthorized “acquisition fees”; and improperly pledging client assets as collateral for a $10 million line of credit. 

Munson, Adit Ventures Management, and the General Partners were charged with violating the antifraud provisions of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940. Adit Ventures Management also was charged with violating the registration provisions of the Investment Advisers Act.

Without admitting the allegations in the complaint, the defendants consented to the entry of a judgment, subject to court approval.  The proposed relief includes, among other things, disgorgement with prejudgment interest and a civil penalty in an amount to be determined by the court. Munson also agreed to a forthcoming associational bar against him with a right to apply for reentry after three years.

Source: SEC.gov

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors and consumers in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

All representation is provided on a contingency-fee basis, and plaintiffs are not responsible for attorneys’ fees, court costs, or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval. 

PHONE

Tel: 215-792-6676

EMAIL

[email protected]