JPMorgan Chase — Goliath Ventures Ponzi Class Action ($328M)
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anchored·5F2DvE…M9GcSummary
A March 2026 federal class action, Steele v. JPMorgan Chase Bank, N.A. (No. 4:26-cv-02067-HSG, N.D. Cal.), alleges that JPMorgan Chase processed approximately $253 million in deposits for Goliath Ventures — an alleged $328 million cryptocurrency Ponzi scheme operated by Christopher Alexander Delgado — while allegedly ignoring Know Your Customer and anti-money laundering red flags. JPMorgan Chase is accused of aiding and abetting fraud and of serving as the scheme's exclusive banking vehicle; the bank has not been charged criminally and has not publicly responded to the allegations. The civil litigation remains at an early stage, while Delgado pleaded guilty to wire fraud and money laundering charges on June 30, 2026.
Connected Entities
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Timeline(13 events)
1 January 2023
Goliath Ventures (formerly Gen-Z Venture Firm) begins soliciting investors for alleged cryptocurrency liquidity pool scheme under Christopher Delgado's leadership.
DOJ USAO-MDFL press release30 June 2025
JPMorgan Chase account (ending 0305) has received approximately $253 million in Goliath-linked deposits as of this approximate date, per civil complaint allegations.
CoinTelegraph reporting on civil complaint24 February 2026
Christopher Alexander Delgado arrested by federal authorities.
CoinTelegraph: JPMorgan $328M Ponzi Lawsuit10 March 2026
Steele v. JPMorgan Chase Bank, N.A. (No. 4:26-cv-02067-HSG) filed in the U.S. District Court for the Northern District of California, asserting aiding and abetting fraud, negligence, and related claims.
GOVINFO federal docket; CoinDesk reporting17 March 2026
Second JPMorgan class action, Roshwald v. JPMorgan Chase Bank, N.A. (No. 1:26-cv-21776-BB), filed in the Southern District of Florida. Bank of America named as co-defendant in the same action.
Okin Adams LLP: Goliath Ventures Collapse blog19 March 2026
Logwood v. Bank of America, N.A. (No. 2:26-cv-00820-CDS) filed in the District of Nevada.
Okin Adams LLP: Goliath Ventures Collapse blog27 March 2026
MDL motion (No. 3188) filed seeking consolidation of bank-liability cases in the Northern District of California.
JPML docket; GOVINFO case detail31 March 2026
Roshwald (S.D. Fla.) administratively closed pending JPML resolution.
Okin Adams LLP: Goliath Ventures Collapse blog9 June 2026
Initial Case Management Conference held in Steele v. JPMorgan Chase (N.D. Cal.).
Justia docket reporting30 June 2026
Christopher Delgado pleads guilty to conspiracy to commit wire fraud, wire fraud, and money laundering (Case No. 6:26-cr-158-GAP-NWH, M.D. Fla.). Admits to causing at least $250 million in investor losses.
DOJ USAO-MDFL press release12 August 2026
SEC and CFTC file parallel civil enforcement actions against Goliath Ventures and Delgado. SEC alleges $425 million raised; Delgado agrees to bifurcated settlement with the SEC.
CoinTelegraph: SEC and CFTC Sue Goliath Ventures28 January 2027
Delgado sentencing hearing scheduled before Judge Gregory A. Presnell in Orlando (per DOJ listing; original date of October 8, 2026 was rescheduled).
DOJ USAO-MDFL / Justice.gov Goliath Ventures pageDecision Log
- slot 456617655 · hash AZzmfvYjMB6tu8fZNsfNHbwBv9Eveq1qABEDNjqqyhhG
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 10/13/2026, 11:08:04 PM
last updated: 10/13/2026, 11:08:04 PM
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