A civil forfeiture complaint has been filed against seven real properties and 11 vehicles allegedly purchased by Christopher Delgado with proceeds of a wire fraud scheme for which he was charged in February 2026, making them subject to civil forfeiture.
According to the civil forfeiture complaint, Mr Delgado was the president and CEO of Goliath Ventures, formerly known as Gen-Z Venture Firm. From January 2023 through January 2026, Delgado operated Goliath as a Ponzi scheme, a form of investment fraud that pays purported returns to existing investors with funds contributed by new investors.
Mr Delgado’s scheme involved soliciting victims to invest substantial sums of money under false and fraudulent promises of monthly returns generated through cryptocurrency “liquidity pools”.
Victims were induced to give money to Goliath through personal referrals, professional marketing materials, luxury events, charitable sponsorships, and some monthly payments of purported returns, all of which were designed to establish Goliath’s bona fides with investors.
Based on these false and fraudulent representations, Goliath obtained at least $400 million from more than 1,000 victim investors.
Although Goliath represented that it would place the victim investors’ funds in cryptocurrency liquidity pools, in reality, the funds were primarily used to pay purported returns to earlier investors, to return principal to investors who requested it, and for Goliath’s extravagant business gatherings, holiday parties, and luxury travel accommodations.
Mr Delgado used approximately $17 million in funds from victim investors to buy five homes and office space. He also spent more than $2.5 million in victim investors’ funds to purchase, lease, or pay off loans on 11 vehicles (the defendant assets).
Most of these purchases or loan satisfactions constituted monetary transactions knowingly conducted by Mr Delgado with proceeds of wire fraud exceeding $10,000, making those defendant assets subject to forfeiture as property involved in money laundering. In addition, Mr Delgado used victim investors’ funds to make mortgage payments on a home he had purchased in 2021.
Since February 2026, the United States has been seizing assets traceable to the fraud scheme perpetrated by Mr Delgado and others through Goliath Ventures. The defendant assets are a particular subset of forfeitable assets that are expensive to maintain, depreciating in value, secured by liens, and/or subject to property taxes that continue to accrue significant interest and may be in default.