‘Agreement’ could help victims, creditors in alleged Ponzi scheme
A U.S. District Judge in Florida has granted a motion that could help victims and creditors in the legal actions involving Orlando-based Goliath Ventures and its founder, who is facing charges in an alleged Ponzi scheme.Christopher Delgado was the head of Goliath Ventures and was charged in February with fraud by the U.S. Attorney’s office in the Middle District. The Department of Justice is under a June 26 deadline to file an indictment. Court records indicate Delgado may have collected up to half a billion dollars from people who believed they were investing in a legitimate cryptocurrency venture.This week, a federal judge granted a debtor’s motion for a “coordination agreement” involving the bankruptcy and criminal cases, with a stated goal in the motion of reducing litigation costs that could “diminish the recovery of the victims and creditors of the alleged fraud.” The coordination agreement in no way protects Delgado from criminal prosecution.
A U.S. District Judge in Florida has granted a motion that could help victims and creditors in the legal actions involving Orlando-based Goliath Ventures and its founder, who is facing charges in an alleged Ponzi scheme.
Christopher Delgado was the head of Goliath Ventures and was charged in February with fraud by the U.S. Attorney’s office in the Middle District. The Department of Justice is under a June 26 deadline to file an indictment.
Court records indicate Delgado may have collected up to half a billion dollars from people who believed they were investing in a legitimate cryptocurrency venture.
This week, a federal judge granted a debtor’s motion for a “coordination agreement” involving the bankruptcy and criminal cases, with a stated goal in the motion of reducing litigation costs that could “diminish the recovery of the victims and creditors of the alleged fraud.”
The coordination agreement in no way protects Delgado from criminal prosecution.
