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Crypto CEO Faces 30 Years for $328M Ponzi Scheme
Description
Christopher Delgado, former CEO of Goliath Ventures, faces up to 30 years in prison for allegedly running a $328 million crypto Ponzi scheme. He admitted to failing investors, including nurses, teachers, and retirees, who lost significant amounts. JPMorgan Chase is also facing lawsuits for allegedly knowing about the unlicensed crypto deals but allowing $253 million to flow through their accounts. Delgado is out on bail, awaiting the full indictment in June.
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