Goliath Ventures and founder Christopher Delgado now face parallel civil actions from the SEC and CFTC over an alleged crypto Ponzi scheme that regulators say raised roughly $400 million, adding securities- and commodities-law claims to a criminal case in which Delgado has already pleaded guilty. The SEC said Goliath raised at least $425 million from more than 1,300 investors through an unregistered securities offering tied to purported crypto liquidity pools, while the CFTC said about 1,600 customers contributed at least $397 million for supposed Bitcoin and Ether trading. Both agencies allege customer assets were never deployed as represented, that newer money was used to pay earlier participants, and that Delgado diverted substantial sums for personal use. Delgado agreed to a bifurcated settlement in the SEC case, subject to court approval, with monetary remedies to be decided later, while the CFTC is seeking restitution, disgorgement, civil penalties, trading and registration bans, and a permanent injunction. The civil cases run alongside Delgado's June 30 guilty plea to conspiracy to commit wire fraud, wire fraud and money laundering, in which prosecutors said at least $400 million flowed to Goliath and Delgado admitted causing at least $250 million in investor losses. His sentencing is now scheduled for Oct. 21, 2026, replacing an earlier Oct. 8 date, as federal investigators continue tracing property that could be used for victim compensation.