The alleged scheme
Regulators say Goliath promised investors monthly returns of 3% to 10% from fees, plus return of principal, by claiming to trade crypto assets and run liquidity pools. The CFTC counts about 1,600 customers who put in at least $397 million. The SEC's number is higher: around $425 million from more than 1,300 investors.
But the money never went into any liquidity pool. Instead, new investor funds were used to pay earlier investors — the classic Ponzi structure. Account balances and performance figures were fabricated to make the operation look profitable.
" Translation: "Rzekomy schemat
Regulatorzy twierdzą, że Goliath obiecywał inwestorom miesięczne zwroty w wysokości od 3% do 10% z opłat, a także zwrot kapitału, twierdząc, że handluje aktywami kryptograficznymi i prowadzi pule płynności. CFTC szacuje, że około 1600 klientów wpłaciło co najmniej 397 milionów dolarów. Liczba SEC jest wyższa: około 425 milionów dolarów od ponad 1300 inwestorów.
Ale pieniądze nigdy nie trafiły do żadnej puli płynności. Zamiast tego środki nowych inwestorów były używane do wypłat dla wcześniejszych inwestorów — klasyczna struktura Ponziego. Salda kont i dane dotyczące wyników były zmyślone, aby operacja wyglądała na dochodową.
" We need to ensure numbers are kept: 3% to 10%, 1,600, $397 million, $425 million, 1,300. In Polish, we use comma as decimal separator? But here percentages are fine. For large numbers, we use spaces or commas? In Polish, we use spaces for thousands, but in English they use commas. We can keep as is or convert to Polish format? The instruction says "Keep all facts, numbers, and data accurate" - so we should keep the numbers exactly as they are, but we might want to use Polish formatting? Usually in Polish, we write 1 600 or 1,600? Actually, in Polish, we use space as thousands separator, and comma as decimal. But here we have whole numbers, so we can write "1600" or "1 600". But to be safe, we can keep the original formatting? The instruction says "Keep all facts, numbers, and data accurate" - meaning the values must be the same, but the formatting can be adapted. I think it's better to use Polish conventions: for thousands, we use space: "1 600" but sometimes it's written as "1600" without separator. However, in financial contexts, they often use commas? Actually, in Polish, commas are used for decimals, and spaces for thousands. So we should write "1 600" and "397 milionów dolarów" but we can also write "397 mln USD" but we'll keep "milionów dolarów". We'll keep the numbers as they are but adjust the separator: "1,600" in English becomes "1 600" in Polish. But we can also keep "1600" if it's clear. I'll use spaces: "1 600" and "397 milionów" but we need to be consistent. Let's do: "około 1 600 klientów wpłaciło co najmniej 397 milionów dolarów" and "około 425 milionów dolarów od ponad 1 300 inwestorów". That's fine. Third paragraph: "Where the money went
Delgado personally took at least $51 million, spending it on homes, luxury vehicles, a yacht, and travel. The company also hired sales agents and paid them commissions out of investor funds. None of that is disputed in the filings.
" Translation: "Dokąd trafiły pieniądze
Delgado osobiście wziął co najmniej 51 milionów dolarów, wydając je na domy, luksusowe samochody, jacht i podróże. Firma zatrudniała również agentów sprzedaży i płaciła im prowizje ze środków
