Six houses, Lamborghinis and dozens of Louis Vuitton bags: How a $250 million crypto fraud allegedly funded a luxury life
- PC: FOX local, OrlandoA $250 million crypto fraud allegedly financed a lavish lifestyle of luxury homes, Lamborghinis, Rolex watches and dozens of Louis Vuitton bags, according to the US Department of Justice.
- Christopher Alexander Delgado, former CEO of Goliath Ventures, pleaded guilty after admitting that his scheme caused at least $250 million in losses to investors.
- Prosecutors said investors were promised monthly returns from cryptocurrency “liquidity pools”, but their money was instead used to pay earlier investors, fund lavish travel and buy high-end assets.
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- PC: FOX local, OrlandoA $250 million crypto fraud allegedly financed a lavish lifestyle of luxury homes, Lamborghinis, Rolex watches and dozens of Louis Vuitton bags, according to the US Department of Justice.
- Christopher Alexander Delgado, former CEO of Goliath Ventures, pleaded guilty after admitting that his scheme caused at least $250 million in losses to investors.
- Prosecutors said investors were promised monthly returns from cryptocurrency “liquidity pools”, but their money was instead used to pay earlier investors, fund lavish travel and buy high-end assets.
Sources: Times of India