SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi scheme

CryptoInfo Editorial Team · Published on August 12, 2026 at 00:07 · Updated on August 12, 2026 · 1 min read

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Key Takeaways

→The SEC and CFTC have sued Goliath Ventures over an alleged $400M crypto Ponzi scheme
→Goliath Ventures allegedly promised investors liquidity-pool returns but paid earlier investors instead
→The company's founder allegedly used investor funds for luxury spending

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have filed a lawsuit against Goliath Ventures, alleging that the company operated a $400M crypto Ponzi scheme. According to regulators, Goliath Ventures promised investors returns from a crypto liquidity pool, but instead used the funds to pay earlier investors and finance its founder's luxury spending.

This is based on reporting from CoinTelegraph. The alleged scheme involved false promises of high returns, with the company instead using investor funds for personal gain.

Source: CoinTelegraph ↗