Investors filed a federal class action against JPMorgan Chase, alleging the bank processed $253 million in suspicious transfers tied to Florida-based Goliath Ventures’ $328 million Ponzi scheme.
Goliath Ventures, formerly Gen-Z Venture Firm, promised investors monthly returns of around 4% (~48% annually) from supposed Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) liquidity pools that generated no real profits.
CEO Christopher Alexander Delgado was arrested on February 24, 2026, on wire fraud and money laundering charges, with prosecutors alleging the scheme defrauded over 2,000 investors between 2023 and 2026.
Victims face steep recovery odds as seized assets were spent on luxury real estate, exotic vehicles, and private jet travel before collapse
The lawsuit tests whether banks bear civil liability for Anti-Money Laundering (AML) failures when fraud runs through their accounts
Investors who wired retirement funds to Goliath’s JPMorgan accounts assumed the bank’s Know Your Customer (KYC) safeguards provided a layer of protection
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments