Global Stock News

Orlando CEO Busted in Massive $328M Crypto Ponzi Scheme: Lessons for Crypto Investors

Orlando CEO Busted in Massive $328M Crypto Ponzi Scheme: Lessons for Crypto Investors

In a stunning blow to the crypto world, an has been arrested for allegedly running a massive . Federal agents say Christopher Delgado, head of Goliath Ventures (also known as Gen-Z Ventures), tricked investors out of hundreds of millions. This story from downtown Orlando shows the dark side of crypto investments and why you need to stay alert.

What Happened in the Arrest?

Christopher Delgado was arrested on Tuesday by federal agents. He faces serious charges like wire fraud and money laundering. If convicted, he could spend up to 30 years in federal prison. After his arrest, he posted a $1 million bond and is now out of custody.

His company, based in a fancy office tower in downtown Orlando, promised big returns. The website talked about…

Source link

Share this article

Scroll to Top