Christopher Delgado, once the public face of Goliath Ventures — an alleged cryptocurrency Ponzi scheme federal investigators say took in more than $300 million from investors — is speaking publicly for the first time as he faces federal charges.
Former Goliath Ventures CEO speaks out as feds probe alleged $300 million crypto ponzi schemeIt was alledged by the federal government, but it is no more an allegation because Christopher Delgado has said it is true. He was using people's money to pay other people which is exactly what ponzi scheme is.
But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.
Bitcoin is responsibility on the buyer, too much things to be bothered with in today's world, people don't want to take that responsibility, they would rather give it to someone and blame them later, e.g custodial services or crypto exchanges.
Some people don't want to lose the money they want to invest, to push the button themselves is scary, so they find a friend who is already into crypto, asking him to do the whole purchase for them and keep, I hate this idea to the core.
It's always people who don't want to take blame if anything happens later who do this, as for Ponzi schemes investment people like it, even if it's clear that it's a Ponzi they will still do it, doing nothing and making money is people's favourite way of making money.
This is why Ponzi schemes are always coming, because people are still joining them.