Investors sue JPMorgan over $253M in transfers tied to $328M Goliath crypto Ponzi
A federal class action alleges JPMorgan Chase processed $253 million in transfers tied to Florida-based Goliath Ventures’ $328 million alleged crypto Ponzi [1].
Investors filed a federal class-action complaint alleging JPMorgan Chase processed roughly $253 million in suspicious transfers connected to Goliath Ventures’ $328 million Ponzi scheme, according to reporting and court filings [1] [2].
The suit says Goliath — formerly Gen‑Z Venture Firm — promised investors about 4% monthly returns from purported Bitcoin, Ethereum and USDC liquidity pools that generated no real profits; CEO Christopher Alexander Delgado was arrested on Feb. 24, 2026 on wire‑fraud and money‑laundering charges [1] [3].
Plaintiffs contend more than $253 million flowed through JPMorgan accounts between 2023 and 2025 and point to irregular transaction patterns they say escaped proper scrutiny, framing the case as a test of bank liability for allegedly enabling crypto fraud [2] [4].
The lawsuit aims to hold JPMorgan accountable for its role in the transfers; upcoming court proceedings will determine the bank’s legal exposure and whether banks can be held liable for facilitating similar crypto schemes [4] [2].
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Citations
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- 1JPMorgan Sued Over $328M Goliath Ventures Crypto Ponzir/CryptoCurrency• Mar 12, 2026
- 2JPMorgan Chase (JPM) Stock: Bank Sued Over Role in $328M Goliath Ventures Crypto FraudBlockonomi• Mar 12, 2026
- 3JPMorgan Chase sued for allegedly enabling $328 million crypto Ponzi schemeCrypto Briefing• Mar 12, 2026
- 4JPMorgan faces test on bank liability in $328M Goliath Ponzi casecrypto.news• Mar 12, 2026
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