Florida CEO arrested after taking $328M from victims: DOJ
Business,Big Business,CEOs,Florida,Investing,Justice Department
From the Center
AllSides Media Bias Rating: Center
The CEO of Goliath Ventures was arrested after taking at least $328 million from victim investors, the Department of Justice announced.
Christopher Delgado, the president and CEO of Goliath Ventures, formerly known as Gen-Z Venture Firm, had operated Goliath as a "Ponzi scheme" from January 2023 through January 2026.
A "Ponzi scheme" is a form of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors, the DOJ said...
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
