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.
SEND US A MESSAGE
Contact Us
ADDRESS
Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103