Full Transcript

·YouTLDR

Exposing a $300,000,000 Scam

31:415,650 words · ~28 min readEnglishTranscribed May 25, 2026
AI Summary

Goliath Ventures, a $328 million private equity and crypto investment company led by Christopher Delgado, collapsed after being exposed as a Ponzi scheme that targetted retirees and hyper-compounded fake returns. An investigation by Coffeezilla and independent journalist Danny Deick culminated in a whistleblower report to the DOJ, leading to Delgado's swift federal arrest.

This case highlights how modern financial scammers exploit high-yield decentralized finance concepts like liquidity pools and leverage false independent audits to target retail investors and retirees under the guise of exclusive private equity.

Section summaries

0:00-1:01

Introduction & Case Overview

watch

Establishes the scale of the $328 million Goliath Ventures fraud case and introduces the primary actors.

1:01-4:58

The Elite Narrative and Exclusive Pitch

watch

Exposes how Delgado used high-status social proof and artificial exclusivity to lure in high-net-worth individuals.

4:58-8:16

Analyzing the Yield Mechanics & Ponzi Precedents

watch

Crucial breakdown of why Goliath's 3-5% monthly returns on Uniswap were mathematically impossible, and traces Delgado's history with other scams.

8:16-10:37

The Legal Threat & Interstitial Skit

optional

Contains a comedic skit and discusses the legal pressures faced by the investigators.

10:37-17:05

The Fake Audit & Retirment Account Pipeline

watch

Reveals how the fake auditor Blackblock collaborated with My Wealth MD to target retirement portfolios.

17:05-21:36

Political Connections, Freezing Funds, and Lavish Parties

optional

Details Delgado's networking efforts, frozen distributions, and a $5 million party held right before payments collapsed.

21:36-24:18

On-Chain Forensic Investigation

watch

Visualizes the precise blockchain flow of funds proving that new deposits directly funded old payouts.

24:18-30:35

The Arrest, Aftermath, and Call with Danny

watch

Details the federal arrest of Delgado, the dismissal of the lawsuits against the journalists, and the human cost of the collapse.

Key points

  • The Exclusive Private Equity Illusion — Goliath Ventures avoided public marketing, utilizing an artificial barrier of high-exclusivity and word-of-mouth networks to make their fraudulent scheme appear trustworthy and legitimate.
  • DeFi Jargon as a Smokescreen — Delgado pitched high returns of 3% to 5% monthly using Uniswap liquidity pools, whereas actual on-chain tracking revealed zero real liquidity pool trading and typical Ponzi dynamics.
  • The Captured Auditor Scheme — Goliath reassured anxious investors by publishing an independent audit from 'Blackblock Management Services' claiming funds were backed 115%, which was actually a company run by their own partner, Matt Burks.
  • Systemic Siphoning of Retirement Assets — Scammers actively targeted qualified retirement accounts like 401ks and IRAs, using a specialized entity called 'My Wealth MD' to process roll-overs into their illegitimate venture.
There are no liquidity pools in this scheme. Coffeezilla
If there's a way to get the money out, I I will get it. Matt Burks

AI-generated from the transcript. May contain errors.

0:00

My God-given gift was that people are

0:02

attracted to me. People just naturally

0:05

gravitate towards me. My circle of

0:07

influence started growing. So natural.

0:09

>> Today we're investigating one of the

0:10

hardest cases of my career, a $300

0:13

million private equity company called

0:15

Goliath Ventures, where the CEO was

0:18

taking private planes, buying

0:19

Rolls-Royces, expensive mansions, while

0:21

claiming that the whole thing was

0:22

audited, backed 115%. They even took

0:26

retiree money. I mean, what could go

0:28

wrong? And when I was called to

0:29

investigate them six months ago, I

0:31

really had no idea what I was stepping

0:34

into. Little did I know this would be

0:36

one of the toughest cases of my career.

1:01

So, the first time I ever heard about

1:02

Goliath was actually from another

1:04

journalist.

1:06

>> My name is Danny Deick and I've been

1:09

investigating Goliath Ventures since the

1:12

1st of September, 2025.

1:14

>> That's Danny. He's a journalist who's

1:16

been featured by the New York Times and

1:18

he told me Goliath was a company that

1:20

had hundreds of millions of dollars

1:22

invested and something just didn't feel

1:24

right. So my first question to him was,

1:26

"Well, who runs this thing?"

1:28

>> The man behind it all, Christopher

1:30

Delgado.

1:30

>> Today's guest is someone real special.

1:32

My friend, when I heard your story, I

1:35

just zoned into it. I'm like, I have to

1:37

have this gentleman on my podcast. Not

1:39

one person, and I did my I do my

1:41

research. My team does a lot of

1:42

research. call people and not one

1:44

individual came back negative. Chris,

1:47

welcome.

1:48

>> Thank you for having me, Katie.

1:49

>> Chris, where you come from?

1:51

>> I'm originally from California. I'm

1:53

first generation Mexican American. My

1:56

mom was born in Amanthus, Mexico. She

1:59

came over here in her early teens. We

2:01

grew up in a trailer park in Fontana,

2:04

California. I'm just going to draw a

2:06

picture for y'all. Go on social media. I

2:09

follow him very closely. Private jet.

2:11

You see the celebrities. You did Patrick

2:13

Bavid standing next to you at the Yankee

2:14

Stadium, but you come from a trailer

2:16

park.

2:17

>> Yeah, it's uh actually sometimes I look

2:21

back at myself. I look at the things

2:23

that I've been able to do and accomplish

2:25

and where I'm at in life and who is in

2:27

my circle and who I can call as friends

2:30

and I I amaze myself. But I think a lot

2:33

of that comes with opportunity. I don't

2:36

think people really understand the

2:37

amount of risk that I took early on in

2:40

my life. Not only my corporate career,

2:42

but also even with my current company

2:45

and what I was willing to do and what I

2:47

was willing to lose to get to this part.

2:50

Now, let's be honest. If you saw that

2:52

kind of story anywhere but on this

2:54

channel, you might say Chris represents

2:56

the American dream. His mom is an

2:58

immigrant. He came from a trailer park.

2:59

He took risks. And by his early 30s,

3:01

he's rich, successful. But when I saw

3:04

this, the first thing I thought was,

3:06

"Well, where's the pitch, right?" I

3:08

mean, just to state the obvious, this

3:10

whole lifestyle on Instagram thing, the

3:12

celebrity friendships, the story of

3:14

overcoming all odds, it's pretty

3:16

textbook marketing for a pitch, a sale.

3:19

But with Goliath, it was like the

3:21

opposite. No matter how much I watched

3:23

clips of Chris, I just never found the

3:25

pitch.

3:26

>> Was would I be open just knock on your

3:28

door? Hey, Chris, I have some money. Can

3:30

I invest with you?

3:31

>> No. But so like a private

3:32

>> very private interesting my money more

3:35

of a consulting even with Goliath.

3:37

>> It's it's private.

3:38

>> It's private. Even if you knocked on our

3:40

door

3:41

>> you're not getting in right away.

3:42

>> Yeah. No, we're a private equity firm.

3:44

We only want to work with certain

3:46

individuals, you know, and we have a

3:48

very

3:49

structured model and we don't want to

3:52

bring people in that want to change that

3:55

structure. This is the success behind

3:57

the company. this is how we're willing

4:00

to operate and and play with you with

4:02

and if you don't want to adhere by our

4:05

rules or the structure that has had

4:07

tremendous success then you're just not

4:09

the right partner for us. So

4:11

>> this was a private equity investment

4:15

company which means sh I've got an

4:18

investment opportunity. This sounds too

4:20

good to be true. That is too good to be

4:22

true that they kept around the friends

4:24

and family. They didn't do any public

4:27

advertising other than Patrick Mendav's

4:29

event. I should say could make passive

4:31

income for myself, raise my family and

4:35

basically enjoy life. And that's how all

4:37

these schemes grow is word of mouth.

4:40

>> Now Danny's right here. Goliath was

4:42

mostly run on word of mouth. And it was

4:45

tough because of that to find claims

4:46

early on because this thing was very

4:48

hush hush. It wasn't until I found

4:50

someone who actually was on the inside

4:52

an investor that I learned what this

4:54

whole thing was about, why people were

4:56

investing millions of dollars.

4:58

>> I got into Goliath via trust. I've heard

5:00

a lot of stories of other people getting

5:02

in from trust as well, and it's it was

5:04

like a chain reaction. So, I trusted

5:06

someone who trusted someone who trusted

5:09

someone that knew the director of

5:10

partner services there. Right. Trust can

5:12

go a long way. I remember the day that

5:14

uh I was told about the investment

5:15

opportunity and that was on February uh

5:18

February 9th, 2024. That was the day I

5:20

was told about it.

5:22

>> Tell me what the pitch was to you.

5:25

>> You know, these guys within this private

5:27

joint venture fund, they invest the

5:30

money into liquidity pools. And I'm not

5:33

going to tell you that. I know I'm an

5:34

expert in liquidity pools. I kind of

5:36

knew how it worked. Sure, the returns

5:38

were crazy, but I thought they were on

5:39

to something. And there it is. That's

5:42

finally the pitch we were looking for.

5:44

We discovered that Goliath is a company

5:46

managing liquidity pools. And this is

5:49

something I'm deeply familiar with from

5:51

my past work. Better yet, my source gave

5:54

me emails, contracts, and I immediately

5:57

knew Danny was right. Something was

5:59

wrong. Goliath claimed they were making

6:01

all these profits from liquidity pools

6:04

on Uniswap, which based on my experience

6:06

would generate maybe 4 to 10% a year.

6:10

Meanwhile, Goliath's contracts with

6:12

investors said they would be paid 3,

6:14

four, 5% a month, and you could take

6:17

payouts or you could leave it in. You

6:19

could do something they called hyper

6:20

compounding. Now, obviously, those

6:22

numbers don't add up. Goliath would be

6:24

spending more money than they made. But

6:26

the problem is Goliath is paying out at

6:28

this point. And so no one wants it to

6:31

stop. No one except for Danny who

6:33

wouldn't stop digging.

6:34

>> You need to look into my liquidity

6:36

partners because that's where it all

6:37

started. It's a mirror image of GL

6:40

Ventures. They registered the domain

6:42

name for my liquidity partners and GL

6:45

Ventures 20 days apart. I think Chris

6:47

just copied their concepts.

6:49

>> Well, let's find out. Let's look at

6:51

their website. It's dead right now, but

6:53

pulling an old archive, we do see

6:55

similarities. liquidity pools run on

6:58

unis swap allowing you to hyper

7:00

compound. Then I saw this photo from

7:03

Danny. That's Chris Delgado with Verlin

7:06

Sansiango, the creator of My Liquidity

7:08

Partners, who allegedly fled to Dubai.

7:11

Now, to be clear, My Liquidity Partners

7:12

was found to be a Ponzi scheme. Could it

7:15

be that Goliath was stealing another

7:17

person's playbook and operating it as a

7:19

private equity firm? I mean, it's

7:21

obviously a big accusation to make. So,

7:23

I started digging through my old Ponzi

7:25

cases and found another link, Trader

7:28

Domain, a Ponzi scheme I investigated

7:30

years ago. I had all their insider

7:32

emails and I found within them Chris

7:33

Delgado. He was emailing as a special

7:36

investor trying to withdraw $1.3 million

7:39

from a collapsed scam. And this is when

7:42

all his old claims about taking risk

7:44

came back to me. I don't think people

7:46

really understand the amount of risk

7:48

that I took early on in my life. Not

7:51

only my corporate career, but also even

7:53

with my current company and what I was

7:56

willing to do and what I was willing to

7:57

lose to get to this part. At this point

8:01

in the investigation, I'm like 99.9%

8:04

sure this is just a Ponzi scheme worth

8:06

hundreds of millions of dollars. Chris

8:08

is already involved with some the

8:09

numbers don't make sense. And so I'm

8:11

thinking clearly I'm going to make a

8:13

video, right? But that's when the first

8:15

lawsuit dropped.

8:16

>> I have been sued in America and the

8:19

dumbest thing I could ever do is turn up

8:21

in America. Hello.

8:25

>> Yeah, but they're going to try to bury

8:27

you financially. I'm already buried

8:29

financially cuz that's the crazy thing

8:32

in the lawsuit. My my take on it is

8:35

they're trying to tell me to back up the

8:38

bus and ski tactics. Round about early

8:40

October,

8:42

Christopher tried to serve me.

8:44

>> So, do you realize that those papers are

8:46

from a company that has stolen $500

8:49

million from American investors?

8:52

>> Hey, Danny, I have no idea about that.

8:53

You might be 100% correct, Danny, but

8:55

I've I've got no control. Yeah.

8:57

>> So, I've just got to give them to you.

8:58

>> Yeah.

9:00

>> Yeah.

9:01

>> Well, I got to figure out what I'm

9:04

going to do next.

9:08

I got big problems, Baxel. I got big

9:11

problems. Oh my god.

9:13

>> Oh jeez. Coffee, don't tell me you

9:14

brought a lawsuit into my bar.

9:16

>> No. No. This is I might get sued. This

9:20

whole complaint. They sued Danny and now

9:23

everybody's freaking out. I

9:25

>> Of course they're freaking out. Have you

9:27

seen this guy's building? Chris has a

9:29

lot of money.

9:30

>> Well, yeah, obviously. And that's the

9:31

problem. I can't afford to get sued

9:33

right now. But what what am I what am I

9:36

supposed to do? This like this ruins

9:38

everything.

9:39

>> You could always report it to the

9:40

government, not release a video.

9:43

>> You don't think that' work in this era?

9:46

The odds are basically zero.

9:48

>> Copy. I don't see how you have any other

9:52

choice.

9:56

>> Maybe you're right. Maybe.

10:00

Maybe you're right. I mean, it's worth a

10:02

shot, right?

10:03

>> Yeah. You betcha.

10:05

>> All right. Well, thanks anyways. Um,

10:09

later.

10:11

>> Wait, what about your tab?

10:14

Never pays his tab. Always comes out of

10:16

my paycheck. Matter of fact, hold on.

10:19

I'm his sidekick. He should be paying

10:21

me.

10:23

Here we go. Will Coffeezilla release a

10:26

video about Goliath Ventures?

10:29

Not anymore.

10:33

Big Maxwell Bucks, here we come.

10:37

>> So, uh, I don't really know how to say

10:40

this, but it was at this point I decided

10:41

to file a whistleblower complaint to the

10:44

government. Sort of a Hail Mary. I mean,

10:47

I didn't know what else to do. And yes,

10:48

I know that's rich coming from the crime

10:50

is legal guy, right? But what some of

10:52

you don't know is I've done this several

10:53

times before. Whenever I have enough

10:56

evidence, I do feel it's important to

10:57

not just make a YouTube video about it,

10:59

but give the evidence to the proper

11:01

authorities. that is continued even as

11:03

our regulators have been gutted. Now

11:05

normally I never talk about this

11:07

activity because one a lot of times it

11:10

goes nowhere but also it can be

11:12

sensitive and so I generally don't talk

11:15

about it but in this case it is

11:17

essential to understanding what actually

11:19

happened next because without that

11:21

whistleblower complaint I was ready to

11:23

give up on this case. I mean I literally

11:24

was like what am I going to do here? I'm

11:25

I'm going to get sued if I talk about

11:27

this and like what are my other options?

11:30

But as I started to pull together

11:32

evidence for this government tip, I got

11:34

an email archive of Goliath's old

11:36

newsletters and I start to see more and

11:39

more of what they've been telling

11:41

people. And I'm just like I I can't

11:43

believe what I'm seeing. I mean near the

11:45

top a financial audit. They sent out a

11:48

newsletter saying that they had an

11:50

independent audit and the independent

11:52

audit have come back and said 115%

11:55

of investors funds were secured for the

11:58

whole year of 20124.

12:00

So to be clear, this is an announcement

12:02

of an audit sent to investors to

12:04

reassure them Goliath was backed 115%.

12:08

Now the key question is who's the

12:10

auditor? Who did the audit? Well, it

12:11

turned out it was Blacklock Management

12:13

Services. Now, just the name of that

12:15

company got people pretty confused right

12:18

away.

12:18

>> I was on the phone to a fire lady and

12:21

she was raving on about he's been in

12:23

Forance magazine and I'm going, they pay

12:26

for this. It's it's common sponsored

12:28

advert. No interviewer, no name. And the

12:32

funniest one, well, it wasn't funny, but

12:33

they said, but they they are part of

12:36

they're invested with Black Rock.

12:39

And I go, "No, it's Black Block." And I

12:42

said, "Go to my blackb block." It's very

12:44

confusing.com.

12:46

And it's not and that's in the contract.

12:48

You've just misheard it.

12:49

>> So Black Block, a fly by night company,

12:52

not Black Rockck, the world's largest

12:53

asset manager, is the actual people who

12:55

audited this company. They are led by a

12:58

guy named Matt Burks. And he's going to

13:00

be very important to our story because

13:03

this is when I started to first hear

13:05

about retirement funds.

13:07

>> You want to know more nonsense? those

13:08

retirement funds that they rolled over

13:11

or I I'm I'm still actually confused as

13:13

to how they were able to take other

13:15

people's retirement funds.

13:16

>> They took people's retirement funds.

13:18

>> Yeah. So, people rolled over their IAS.

13:21

Um and and I'm not saying that's as in I

13:23

know anybody who did this, but that's

13:24

what they they also promoted the

13:26

retirement fund stuff.

13:28

>> They promoted that.

13:29

>> Yeah. Yeah. As in like they had like

13:31

this team doing uh I think it was Piers

13:33

Curry is from what I've uh MD the name.

13:36

Yeah. something like that.

13:38

>> Now, you can see the recognition from me

13:40

there. My WealthMD was this program I

13:42

had seen pop up over and over again.

13:45

Well, if you go to their page, who do

13:47

you find behind it? None other than Matt

13:49

Burks. The same person behind the audit

13:52

company, Blackblock, is the founder of

13:55

My Wealth MD. And I got a copy of their

13:58

investment contract. What I noticed is

14:00

it looks very similar to Goliath's, but

14:02

it gave you lower profits, only 2% a

14:05

month for the first million. And to make

14:07

it stranger, Goliath Ventures was

14:10

nowhere mentioned on their contract at

14:12

all. Not only that, the website was

14:14

clearly catered to older people, which

14:17

concerned me. Unlike Goliath, they had

14:19

videos of retirees endorsing the

14:22

company. definitely recommend them in

14:24

particular uh for any financial

14:28

retirement goals. Yeah, I I'd feel very

14:30

confident giving his name out to any of

14:33

my friends or relatives.

14:34

>> I would recommend to anyone, friends,

14:39

people I care about, have him meet with

14:41

them and discuss their issues cuz I feel

14:44

sure he can help them.

14:45

>> Now, I guess the question is, is this

14:47

related to Goliath if their name's not

14:50

on the contract? Well, that's when Danny

14:52

found an insider meeting between Goliath

14:55

and Matt Burks explaining how they'd be

14:58

managing retirement funds through My

15:00

Wealth MD. It's a trillion dollar market

15:03

retirement accounts. So, in qualified

15:05

money, yes, essentially the way it works

15:07

is whatever percentage they get they get

15:09

paid. The fee over that just gets split

15:12

between the referring partner director

15:14

and WealthMD. That's how it works.

15:16

Wealth MD does all of the work. You're

15:19

responsible for zero.

15:21

>> It's just half and half. You do zero

15:23

work. Zero work for you. This is a room

15:26

of basically recruiters for Goliath

15:28

Ventures. And what they're told is they

15:30

could get retirement money and funnel it

15:33

into My Wealthmd who would manage the

15:35

backend and split profits with them. And

15:38

then someone asked, "When can we start

15:40

doing this?"

15:41

>> Is this going to effect? Right now.

15:43

>> Right now. It's available.

15:44

>> Real quick. Time out.

15:46

>> Time out. sit before you don't get too

15:49

excited. If someone is currently at a

15:52

job, they have a 401k, thrift savings

15:55

plan, something like that, that money we

15:57

can't touch. If they are currently

15:59

making contributions into a plan, it is

16:01

not eligible for roll out in service to

16:05

retire.

16:05

>> Okay, there is one to retire today.

16:08

>> This is why if someone has a qualified

16:10

plan, you say, "Call Matt. I know those

16:12

questions to ask." And so if there's a

16:14

way to get the money out, I I will get

16:16

it.

16:17

>> Wow. When I saw this clip, I I could not

16:20

believe it. If there's a way to get the

16:22

money out, I will get it. I mean, they

16:24

were scheming to get retirement money,

16:27

which types they could legally get. And

16:29

from the testimonials on their website,

16:32

it sounds like they did that.

16:33

>> We would meet yearly and usually every

16:35

time I came in, uh, you know, it was a

16:38

pleasant surprise. you know, the

16:40

accounts going up or they would find new

16:43

accounts out there that I could transfer

16:44

funds from one account to another and

16:46

and make a bonus money. So, there was

16:48

those kind of surprises, but uh and

16:50

there was a lot of them. So, yeah. Is

16:52

this not completely insane? They were

16:55

hunting down retirement accounts to add

16:57

to Goliath. And the same guy running the

17:00

retirement money is auditing Goliath and

17:02

saying it's back to 115%. Now, at this

17:05

point, I finish my whistleblower report

17:07

and I send it off to the DOJ program on

17:10

October 24th, 2025. And I'm nervous

17:13

because even on the best days, it's an

17:15

uncertain thing. It takes forever. But I

17:17

know that Chris Delgado is very well

17:20

connected. I discover he's donated to

17:23

key figures. He went to the White House

17:25

and guess who we met?

17:28

FBI Director Cash Patel.

17:32

You are so

17:34

>> Why did it have to be Cash? I mean, of

17:37

all the people, the one guy I've been

17:38

talking about for months about Epstein,

17:40

you don't think he actually saw those

17:42

videos, right?

17:43

>> Copy. Copy. It's a side channel. Nobody

17:46

cares about the Epstein files.

17:49

>> These videos have like a few thousand

17:50

views.

17:51

>> Million views. Yeah.

17:52

>> Yeah. You're fine. Don't worry about it.

17:55

>> Okay. Okay. Well, if you think so, I

17:57

mean, I'll trust you. I just cuz it

18:00

actually gets worse than that. I mean,

18:02

the worst part is that it doesn't stop

18:03

there. Uh he kind of, you know, said

18:08

that he might have Cash Patel in his

18:10

pocket.

18:11

>> I have heard statements from Chris where

18:13

he reckons that he's got Cash Patel in

18:15

the bag.

18:16

>> What does that mean?

18:17

>> That means that he thinks that if he

18:18

gets in the

18:20

Cash Patel.

18:22

>> You just have to imagine my morale on

18:25

this case. It is at an all-time low at

18:28

this point. I mean, let's look at the

18:29

facts. Chris has retiree money.

18:31

Supposedly, he claims he has cash

18:33

battal. And what do we got? Well, Danny

18:35

is getting sued by Chris. He's already

18:37

broke. I'm being sued in a separate

18:39

case. I'm trying not to go broke. And

18:41

I'm thinking, you know, we can't do

18:43

this. This case is literally David verse

18:46

Goliath. The deck is stacked, except

18:48

instead of David, we have Danny. And

18:51

instead of Goliath as a giant, he has

18:53

frosted tips and a few hundred million

18:55

dollars. Or at least we thought he had a

18:57

few hundred million. We weren't exactly

18:58

sure. I mean, soon we learned he

19:00

probably wasn't as liquid as we thought.

19:02

Ponzi schemes have a way of doing that

19:04

to you.

19:04

>> We heard from numerous sources that some

19:06

people weren't getting paid in November

19:08

and then later on we found out that went

19:10

back to October that people had actually

19:12

started missing their dividends.

19:15

>> So, this is honestly the nightmare

19:17

scenario that we were always trying to

19:19

avoid because when payments freeze, this

19:21

is when it starts to hit the retirees,

19:23

the investors the hardest. They start to

19:25

panic. They genuinely thought this thing

19:27

was audited, backed, you know, they were

19:29

told that. And then they're scared to

19:31

talk now, too, because Danny is getting

19:33

sued. So, at this point, it's November

19:36

2025, and I feel like I don't know what

19:38

to do. So, I just reach out to Chris

19:40

Delgado. I don't know if I'm going to do

19:42

a story, but I demand to see the Black

19:44

Block audit details. Chris responds. He

19:47

can't show me because he says that

19:48

auditor is a witness in his case verse

19:51

Danny. I ask how much money Goliath

19:54

manages. Chris responds, "Hundreds of

19:56

millions." Finally, I address the

19:58

delayed payments. Chris claims he had to

20:00

freeze the funds for a full forensic

20:02

audit. And then says that they're

20:04

actually going to be resuming the next

20:06

payments would come December 15th. Now,

20:08

I was kind of surprised cuz that was

20:10

only in a month that we'd find out the

20:12

truth. Unfortunately, I later learned

20:14

this is also what the investors were

20:16

told. I think he was just that was just

20:18

pulled out of his ass to make sure it

20:21

wouldn't be awkward at the Christmas

20:22

party

20:22

>> which we had people inside the event who

20:27

had got through the security and were

20:29

filming the inside of this event with

20:31

Jason Derello. This was like a big $5

20:34

million event that was just over the

20:37

top. The people that we had in the event

20:39

were telling us that it was no expense

20:42

spared. Meanwhile, all money was frozen.

20:45

I think it was on the 12th of No, maybe

20:47

the 10th of December. And then

20:50

Christopher took off back to Dubai on

20:52

the 15th of December. And that was

20:54

disgusting at that time. So right before

20:56

payments are supposed to come out, they

20:57

have this big $5 million party with

20:59

Jason Derulo. Investors are feeling

21:01

good. And then of course the 15th

21:03

arrives, nobody gets paid. And you know,

21:06

I don't know what to do. I feel terrible

21:07

for people, but at the same time, you

21:09

know, nobody's talking. There's still

21:12

this threat of a lawsuit. And I've

21:14

contacted at least probably a hundred

21:16

people for this story at this point who

21:17

had money in Goliath or knew about

21:19

Goliath. And basically almost all of

21:21

them are terrified or embarrassed. And

21:24

at this point I'm wondering if I can't

21:25

get people on the record, you know, how

21:28

else can I establish from 99.9% to 100%

21:31

that this thing is just fully fake. And

21:34

that's when I did some more digging.

21:36

Specifically, I wanted to focus on a

21:38

certain map I had seen. This is a map of

21:42

Goliath Ventures money. It's something I

21:44

put in my whistleblower report and it

21:46

basically explained how they claimed the

21:49

money would be sent around. Basically,

21:51

people were wiring money into Goliath

21:54

that goes to Coinbase. Eventually,

21:56

that's sent to Uniswap for liquidity

21:58

pools, which then they paid people out

22:01

of. And I realized if this was on the

22:04

blockchain, we should be able to see

22:06

proof of this, like trace it back to

22:09

these supposed liquidity pools. But

22:11

where do we start? Well, I had some

22:14

victim's crypto payout wallets that I

22:16

decided to use. I trace them backwards

22:19

through the payments because in theory,

22:21

if Goliath is really using those

22:23

liquidity pools, I should see payouts

22:24

coming from wallets connected to them,

22:27

right? And eventually after I had done

22:29

that, what did I find?

22:32

There are no liquidity pools in this

22:35

scheme. Well, there was a tiny little

22:37

bit. What I found was a little over

22:39

$20,000, but almost all of the money,

22:41

tens of millions of dollars, was going

22:43

straight from Coinbase to pay out old

22:46

investors. And Goliath says themselves,

22:49

the Coinbase money, where's it coming

22:51

from? New investors. So, putting this

22:55

together, new money goes to Coinbase,

22:57

which pays out old money. And it was at

23:00

this point I excitedly brought my

23:01

results to Danny to see what he thought.

23:04

>> So there's no there's no incoming money.

23:06

What do they have at? So it's that's a

23:08

graph of Ponzi scheme. It's just

23:11

brilliant. So that's fantastic. So

23:12

that's great. I mean that there is the

23:15

that's just everything they have said is

23:17

just been um just undone very simply

23:21

which is

23:23

it's actually quite um disturbing that.

23:25

>> Why do you say that? Well, they've just

23:27

lied to everybody. They've they've just

23:30

said that they were doing something and

23:32

we've been I'm not crypto clever and all

23:35

of a sudden they've been telling

23:36

everyone they've been doing Yeah.

23:38

pancake swaps. And somebody told me to

23:40

say, "Oh, well, you know, it doesn't

23:41

make enough money to do the type of

23:44

liquidity they are doing." And here we

23:46

are. We've just got a graph in front of

23:48

us here where it just shows

23:51

there's no there's no trading. It's a

23:53

straight Ponzi scheme right here. By

23:56

now, I had all the pieces. I had the

23:59

pitch. I had the proof. I had the Ponzi.

24:02

I had done my best to report this thing,

24:05

but people are not being paid at this

24:07

point, and I don't care anymore. I mean,

24:09

I'm going to go public whether I get

24:11

sued or not. I've done my best to do all

24:13

the due diligence I can. And so, it was

24:16

at this point I start writing the story.

24:18

And right as I do, right before I filmed

24:22

it, the craziest thing happened. Orange

24:25

County man charged with running a

24:26

multi-million dollar Ponzi scheme posted

24:28

a million-dollar bond earlier today.

24:30

>> The Justice Department says Christopher

24:31

Delgado stole more than $328 million,

24:34

but instead of investing it in

24:36

cryptocurrency, he pocketed the money

24:38

and only we were there to ask him about

24:40

it as he left the federal courthouse.

24:43

>> Mr. Delgado, West investigates, can we

24:46

talk to you about the charge against

24:48

you? West 2 News was the only news

24:50

organization outside the federal

24:51

courthouse as Christopher Delgado left

24:53

the building. An ankle monitor now

24:55

installed to track his whereabouts

24:57

pending trial.

24:58

>> You can contact my counsel. Have a

25:00

blessed day.

25:01

>> Meanwhile, Delgado left the federal

25:03

courthouse Wednesday in a Rolls-Royce.

25:09

>> You could not imagine my shock when I

25:12

saw this. Christopher Delgado was

25:16

charged with running a $328 million

25:19

Ponzi scheme. And almost better than

25:22

that, immediately afterwards, I found

25:25

out that the lawsuit against Danny got

25:27

dropped in full. And this is where I

25:30

really have to say, I have no clue,

25:32

honestly, how much or little of my

25:35

whistleblower report was used. I give

25:37

full credit to the uh team who actually

25:40

investigated and charged Chris for

25:41

chasing down the facts. However, what I

25:43

do know is that Danny was a massive help

25:46

to everyone. The amount of information

25:48

this guy dug up along with his team he

25:51

calls the Avengers is just staggering.

25:54

And I really have to give them credit.

25:55

But honestly, if it hadn't been for me

25:57

trying to get this whistleblower report,

25:59

this video probably wouldn't have

26:00

existed. I would have dropped the case

26:02

for sure. It was only chasing down those

26:05

last things, trying to prove this, even

26:07

though I knew there was really nothing I

26:09

could do that drove me to get to this

26:12

point. And given that Danny was such a

26:14

huge part of that, I'll link his Kofi

26:16

account if you want to support his work.

26:18

He didn't ask me to say this. I'm doing

26:19

it because I happen to know that

26:21

financially he he's not doing amazing.

26:24

Let's just say investigative journalism

26:26

when you're being sued is not very easy

26:28

and you need lots of support. But

26:30

honestly, this whole thing felt surreal

26:32

and I knew Danny had to be my first call

26:33

when I heard the news.

26:36

>> Danny the heck. We finally got the news

26:40

that Chris Delgado got arrested today at

26:43

you were the first person I had to call.

26:44

What was that like emotionally?

26:47

>> Well, I didn't actually could I didn't

26:50

absorb the information. It was just like

26:54

it was just ridiculous. Uh, I did have a

26:57

lot of interesting parts cuz I was

26:59

talking to Homeland Security at the same

27:00

time and they didn't know he had been

27:02

arrested or that it was they couldn't

27:05

provide me any information about the

27:07

arrest. And I said, "Well, I've got the

27:08

document here." Cuz he rang me because I

27:10

gave him the actual court filings. And

27:13

he said, "We haven't got that yet. How

27:15

did you get it?" I said, "I could tell

27:17

you, but I'd have to shoot you."

27:19

>> It's unbelievable. I'm shocked. They

27:21

never move this fast. So John, who heads

27:25

the investigation, said he's been

27:27

investigating for 20 years, and he said

27:29

this is the fastest that they've ever

27:31

got an indictment done. It always takes,

27:34

Danny, let me tell you, it always takes

27:36

years. Even you were just you were I was

27:40

just interviewing you

27:43

a moment ago and we were both talking

27:45

this is never going to happen.

27:47

>> I actually when I found out, I actually

27:49

burst into tears, mate. I'll tell you.

27:51

Um, even when I got back to New Zealand,

27:54

um, my partner was taking a photo of me

27:56

walking through and I just burst into

27:57

tears. It just hits you like a ton of

27:59

bricks, this sort of stuff. And even

28:01

just before we we talk to you today,

28:04

I've just found another lady that's in

28:06

um, Canada. uh 230 odd,000, put $100,000

28:11

in, sold her house, put the proceeds of

28:14

her house into the investment, and also

28:17

put um some credit card money in there,

28:19

and now she just realized it's a scam,

28:21

and she doesn't feel like she's got

28:22

anyone to help her.

28:23

>> It's brutal. This this has affected so

28:26

many lives so negatively.

28:29

I'm so happy that he's he's getting

28:32

charged as he should.

28:33

>> We don't even really want this sort of

28:35

result, you know. It's not what we do

28:37

it. It it is actually just trying to

28:39

make a difference. The power of our

28:41

investigations is where I really I'm

28:44

prideful of that. The team that I have

28:46

of volunteers is absolutely

28:50

first class.

28:56

>> I can't believe we got it. We got it.

29:00

>> Oh yeah. Mhm. Yeah. What are we uh what

29:04

are we celebrating? The bet finally paid

29:07

off.

29:09

Yeah.

29:10

>> Wait, you knew about the bet?

29:12

>> Of course. What do you mean? This is

29:13

your idea. Go all in.

29:15

>> Okay. All right. I wasn't expecting you

29:17

to be so cool about it.

29:18

>> Cash came through. Cash came through.

29:21

>> That's what I'm talking about. All

29:23

right.

29:23

>> I never thought I've been making fun of

29:26

him for for a long time, BUT THEY GOT

29:28

HIM. THEY GOT THE ARREST.

29:31

>> WAIT, WHAT?

29:34

>> CHRISTOGADO. They got him.

29:36

>> Oh. Oh, no.

29:38

>> You pulled it together. I'm proud of

29:40

you.

29:40

>> Hold on. I got to make some calls.

29:42

>> Hey. Yeah. YOU TAKE WHATEVER CALL YOU

29:43

NEED, CHAMP. YOU TAKE WHATEVER CALL YOU

29:45

NEED.

29:47

>> NO. YEAH.

29:50

>> YEAH. NO. The deal's off. The deal's

29:52

off. Pull out. Pull out now.

29:57

>> Oh god.

29:58

>> Uh, wait. I

30:02

>> Are you crying? I can't cry. You know I

30:05

can't cry. I'm very sensitive about

30:07

that.

30:08

>> I thought you'd be so happy.

30:10

>> You sold me out. You knew. You knew the

30:12

whole time, didn't you? What happened to

30:14

crime is legal?

30:17

>> That was last year. I mean, this is, you

30:19

know, I GUESS THEY CATCH SOME OF THEM.

30:21

We were wrong about that a little bit.

30:23

>> Crime ruined.

30:24

>> Crime is partially legal.

30:26

>> I'm going to have to sell my figurines.

30:28

Curse you, Cash Patel. Why?

30:33

Why?

30:35

Well, well, well. You made it to the

30:37

last part of the video, but not the end.

30:40

This is the part where we watch all the

30:42

fine folks at patreon.com/coffezzilla

30:44

who make this show possible. You guys

30:46

know we don't do sponsorships. We don't

30:48

shill out to private equity, okay? This

30:50

is an independent show because of you.

30:53

And actually, we have a brand new

30:54

investigation that just went live

30:56

related to this video. We actually had a

30:58

whole new investigation spawn. Uh, we

31:01

opened a cold case that was basically

31:04

created by a UFC Hall of Famer who

31:05

exposed a Ponzi scheme. Super

31:07

interesting story and it intersects with

31:09

this one in a fascinating way. You'll

31:11

see some players from this and uh it's

31:13

only available right now on

31:14

patreon.com/coffzilla

31:16

as are all early episodes adree. So if

31:19

you enjoy this video, you enjoy content

31:21

like this, uh be part of what makes it

31:23

possible. We really appreciate it. Sorry

31:25

this one took so long. As you can see,

31:27

we put everything into each episode. So,

31:30

um, thank you again and, uh, I'm going

31:32

to go watch and admire, really, frankly,

31:36

the names that could be you next

31:38

episode.

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