Orlando fraudster Chris Delgado sued by feds over crypto Ponzi scheme

Convicted Orlando fraudster Christopher Delgado, already awaiting sentencing for running a $250 million Ponzi scheme, stole far more than he admitted in court and used his investors’ money to buy a yacht, take private flights and even pay his children’s school tuition bills and his pets’ grooming tabs, two new lawsuits allege.

Delgado, 34, pleaded guilty June 30 to fraud charges and is scheduled to be sentenced Oct. 21. He admitted to using his investors’ stolen money to buy a seven-bedroom Isleworth mansion, two Lamborghinis and a diamond-encrusted ring displaying his company’s logo, among many other properties and luxury items.

He has been confined to the Isleworth estate since his arrest in February.

The new lawsuits allege Delgado and his cryptocurrency firm, Goliath Ventures, stole nearly $200 million more and offer never-before-mentioned details about how he allegedly spent $51 million of that on personal expenses — including on a $2.9 million yacht.

His former cryptocurrency firm, Goliath Ventures, is now in bankruptcy, and a court-appointed attorney is overseeing its finances and trying to recover assets to help pay back the company’s victims, which prosecutors say number more than 1,000.