Goliath Ventures and CEO Christopher Alexander Delgado are facing parallel enforcement actions from the Commodity Futures Trading Commission (U.S. derivatives regulator) and the Securities and Exchange Commission (U.S. securities regulator) over an alleged crypto Ponzi scheme, two months after Delgado pleaded guilty to charges in the case. The regulators say the company raised hundreds of millions of dollars by offering an unregistered securities offering tied to crypto asset liquidity pools, promising investors monthly returns of 3% to 10% plus the return of principal. The CFTC said about 1,600 customers contributed at least $397 million, while the SEC said more than 1,300 investors put in around $425 million. Instead of deploying the money into liquidity pools, the agencies allege Goliath used new and existing investor funds to pay earlier investors, fabricated account balances and performance figures, and financed Delgado's lifestyle. The CFTC said Delgado took at least $51 million for homes, luxury vehicles, a yacht, and travel. The SEC said the scheme operated from at least January 2023 through January 2026, while the CFTC said it unraveled by November 2025 when Goliath could no longer raise new money fast enough to keep up promised distributions. Delgado has agreed to a bifurcated settlement, subject to court approval, that would permanently bar him from violating the charged provisions, participating in certain securities transactions, and acting as or being associated with a broker or dealer.