Former CEO of Goliath Ventures admits to fraud and money laundering charges in $400 million cryptocurrency Ponzi scheme.
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The former CEO of Goliath Ventures pleaded guilty to fraud and money laundering charges involving approximately $400 million.
PANews reported on July 1 that Christopher Alexander Delgado, a Florida man and former CEO of Goliath Ventures, pleaded guilty to charges of wire fraud, conspiracy to commit wire fraud, and money laundering. He faces up to 20 years in prison for each count of fraud and up to 10 years in prison for money laundering. Delgado's Goliath Ventures lured investors with promises of high returns from cryptocurrency liquidity pools. Prosecutors allege that investors paid Goliath at least $400 million, which was used for lavish business parties, vacations, and extravagant lifestyles for employees. Delgado used investor funds to purchase at least six properties valued between $1.15 million and $8.5 million, as well as Lamborghinis, Rolls-Royces, Rolex watches, Louis Vuitton bags, and Tiffany jewelry.
After criticizing DeepSeek for disrespectful interviewing practices, Huawei's "genius youth" Li Bojie is accused by a former investor of "taking money and disappearing."
According to Beating's monitoring, Li Bojie, one of Huawei's first batch of "genius teenagers," complained about his DeepSeek interview experience on social media, claiming that he was accused of cheating during a coding interview and therefore terminated the interview on the spot. This complaint quickly sparked a new controversy, with former investor and co-founder of Web3 venture capital firm ABCDE, Du Jun, publicly accusing Li Bojie of "lacking a sense of contract." Du Jun alleges that Li Bojie and his partner Zhuang Siyuan, after receiving investment from ABCDE to found Metagent in 2024, refused to fulfill their contractual obligations to synchronize financial and business progress, and subsequently disappeared. Du Jun stated that he can accept various project failures, but cannot accept the fraudulent behavior of founders taking the money and running away. Li Bojie resigned from Huawei in 2023 and co-founded Logenic AI (later renamed Pine AI), and has not yet responded to these allegations.
Zcash miner Fortitude taps former Hut 8 CEO to lead ahead of public listing
Former Hut 8 CEO Jaime Leverton will take the helm at Fortitude as the Zcash-focused miner expands its operations and moves toward a planned public listing.
Brazilian police have dismantled a cryptocurrency money laundering network linked to the PCC, involving nearly $2 billion.
According to Foresight News News, Brazilian federal police launched Operation "Exchange" on Friday, targeting a criminal organization linked to the First Capital Command (PCC), Brazil's Specially Designated Global Terrorist Group (SDGT). This organization is accused of using cryptocurrency and cash to launder money and transfer illicit funds from Florida to Brazil. The operation involved 50 police officers who executed 13 search and seizure warrants and 11 provisional arrest warrants at multiple locations in São Paulo state. Authorities estimate that the criminals laundered nearly $2 billion through this money laundering scheme, mixing peer-to-peer transactions, large bank transactions, and cash transactions. However, as the investigation is ongoing, it has not yet been determined whether any exchanges were involved. On July 1, two suspects, Victor Henrique de Oliveira Shimada and Stella Stefanie Nunes Henrique de Oliveira, who were suspected of involvement in the organization, were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list along with three Brazilian companies and one Portuguese company due to their affiliation with the First Capital Command (PCC).
Ashton Kutcher has left Sound Ventures to co-found a new venture capital fund with the former head of Meta Libra.
According to a report by TechCrunch, prominent investor Ashton Kutcher will be leaving his co-founded venture capital firm, Sound Ventures, to co-found a new venture capital fund with former NFX partner Morgan Beller (who co-led Meta's Libra crypto project and served as a partner at a16z). The departure is reportedly due to differing investment stage preferences. Sound Ventures tends to support more established, leading AI companies (such as OpenAI and Anthropic), while Kutcher's new fund will strategically shift its focus to underlying technologies, concentrating on early-stage startup investments in AI infrastructure, energy, and deep technologies. This is considered an amicable split, and Kutcher will continue to serve as an advisor to Sound Ventures.
Guo Wengui was sentenced to 30 years in prison for involvement in a fraud case involving more than $1 billion.
According to BlockBeats, on July 1st, a US court sentenced Miles Guo (also known as Ho Wan Kwok) to 30 years in prison. Guo was previously convicted by a jury in 2024 of multiple charges including extortion, fraud, and money laundering. This was the formal sentencing. Prosecutors stated that Guo defrauded victims worldwide of over $1 billion in a series of interconnected fraud schemes spanning five years. In 2021, he promoted a cryptocurrency project called Himalaya Coin (H-Coin), claiming the token was backed by 20% gold reserves and promising to cover all investor losses, raising approximately $500 million. Furthermore, the court had previously ordered the confiscation of nearly $900 million in illicit gains from Guo, as well as his New Jersey mansion and multiple luxury cars. Guo had close ties to Steve Bannon, a former senior advisor to US President Trump, who was arrested on Guo's yacht in 2020.