A Florida man was arrested on federal charges related to an alleged cryptocurrency “Ponzi scheme” that defrauded investors of at least $328 million.

The U.S. Attorney’s Office for the Middle District of Florida said in a release Tuesday that Christopher Alexander Delgado, a 34-year-old from Apopka, Florida, was arrested on wire fraud and money laundering charges. If convicted on all charges, Delgado would face a maximum of 30 years in federal prison.

According to the federal complaint, Delgado was the president and CEO of Goliath Ventures, formerly known as Gen-Z Venture Firm, and allegedly carried out the Ponzi scheme from January 2023 through January 2026. A Ponzi scheme involves…