JPMorgan Sued Over Alleged $328M Crypto Ponzi Scheme

Published by

Sohrab Khawas

March 12, 2026

JPMorgan Sued Over Alleged $328M Crypto Ponzi Scheme

A class action lawsuit filed on March 10, 2026, in California federal court alleges that JPMorgan Chase played a key role in facilitating a $328M crypto Ponzi scheme linked to Goliath Ventures. Plaintiffs claim the bank processed large suspicious transfers and ignored compliance warning signs, which helped the operation appear legitimate to more than 2000 investors nationwide. Goliath CEO Christopher Delgado, arrested in February, allegedly misused investor funds for luxury assets while repaying earlier investors with new deposits.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news