- A class action filed in California accuses JPMorgan Chase of aiding a US$328 million crypto Ponzi scheme run by Goliath Ventures, alleging the bank ignored clear warning signs.
- Approximately US$253 million flowed through a single JPMorgan account, with US$123 million, transferred directly to Coinbase wallets.
- Goliath Ventures CEO Christopher Delgado was arrested in February on federal wire fraud and money laundering charges carrying up to 30 years in prison.
Investors have filed a proposed class action against JPMorgan Chase, alleging the investment bank enabled a US$328 million (AU$460 million) cryptocurrency Ponzi scheme run by now-defunct Goliath Ventures by allowing suspicious transactions to move through…
