Crypto investment firm Goliath Ventures files for bankruptcy protection

Cryptocurrency investment firm Goliath Ventures has filed for Chapter 11 bankruptcy protection, Street.com reported. According to the outlet, the company is allegedly linked to a $328 million Ponzi scheme and has filed for restructuring with the U.S. Bankruptcy Court for the Southern District of Florida. Previously, former Goliath Ventures CEO Christopher Alexander Delgado was arrested in February on charges of wire fraud and money laundering. He could face up to 30 years in prison if convicted.