The charges against Delgado
Prosecutors allege that Delgado orchestrated a Ponzi scheme through Goliath Ventures, a crypto investment firm. The company promised investors substantial returns from trading digital assets. Instead, authorities say, Delgado used money from newer investors to pay earlier ones while also diverting funds for personal expenses. The indictment includes wire fraud, securities fraud, and money laundering counts. Each carries a potential prison sentence of up to 20 years.
Delgado's public apology
In a statement released shortly after the charges were made public, Delgado apologized to investors. He expressed remorse and said he accepted full responsibility for his actions. The apology did not address the specific allegations or provide details about the scheme. It was a brief mea culpa, and Delgado's lawyer declined to comment further.
