Crypto
SEC, CFTC sue Goliath Ventures over $400 million crypto Ponzi allegations
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission filed separate civil lawsuits against Goliath Ventures and founder Christopher Delgado over alleged crypto Ponzi fraud involving more than $400 million. The SEC said the firm raised at least $425 million from more than 1,300 people through an unregistered securities offering. The CFTC said about 1,600 customers paid at least $397 million. Regulators are seeking restitution, civil penalties and market participation bans.
