Goliath Ventures CEO Christopher Delgado pleads guilty to $250M Ponzi scheme

Christopher Delgado’s "liquidity pool" fraud took in at least $400 million, with the proceeds spent on mansions, Lamborghinis, and Rolexes.

Former Goliath Ventures CEO Christopher Delgado pleaded guilty to fraud and money laundering and agreed to forfeit properties, vehicles, luxury goods and crypto wallets.

A Florida man has pleaded guilty in a crypto-linked fraud case in which prosecutors said investors sent at least $400 million to Goliath Ventures before millions were spent on luxury homes, cars, watches, and jewelry. The U.S. Attorney’s Office for…

Crypto promoter Bitcoin Rodney pleaded guilty in the $1.8 billion HyperFund fraud case after earning nearly $7.9 million from the crypto ponzi scheme. A Miami-based crypto promoter known as Bitcoin Rodney has pleaded guilty in connection with the massive HyperFund crypto ponzi scheme case. Rodney Burton confessed to running an unlicensed money-transmitting enterprise while marketing […] The post Bitcoin Rodney Pleads Guilty in $1.8 Billion Crypto Ponzi Scheme appeared first on Live Bitcoin News.

An independent candidate for Governor of Tennessee is facing an eleven-count federal indictment for allegedly operating a cryptocurrency Ponzi scheme that diverted more than $1,900,000 in investor funds to himself and his family. A federal grand jury alleges 47-year-old Misam M. Abidi solicited investors of the cryptocurrency investment firm Star Credit Holdings with claims of […] The post Tennessee Gubernatorial Candidate Indicted Over Alleged $1,900,000 Crypto Ponzi Scheme appeared first on The Daily Hodl.

Tennessee resident Misam Abidi faces federal charges over an alleged $1.9 million crypto Ponzi scheme involving fraud, loans, and tax violations.

An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency fraud scheme that raised more than $10 million from investors, according to the U.S. Department of Justice (DOJ). According to an official DOJ release, federal prosecutors say Rathnakishore Giri, 31, of New Albany, Ohio, falsely portrayed himself as an […] The post Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme appeared first on The Daily Hodl.

Rathnakishore Giri falsely promised guaranteed returns on Bitcoin derivatives trading, using new investor funds to pay earlier participants.