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SEC and CFTC sue Goliath Ventures
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SEC and CFTC sue Goliath Ventures

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  • The SEC and CFTC filed lawsuits against Goliath Ventures over an alleged $400 million crypto fraud scheme.
  • The regulators claim investors were misled and funds were misused.
  • The case adds to ongoing US enforcement actions against crypto investment schemes.

The US Securities and Exchange Commission and the Commodity Futures Trading Commission have sued Goliath Ventures over an alleged $400 million crypto fraud scheme.

The regulators claim the company operated a Ponzi-style investment scheme and misused investor funds.

The lawsuits allege that Goliath Ventures raised hundreds of millions of dollars from investors through crypto-related investment products.

The SEC and CFTC claim investor funds were used to make payments to earlier investors and support other business activities.

The case adds to a series of enforcement actions against crypto investment schemes in the United States.

US regulators have increased scrutiny of crypto businesses and investment products in recent years.

The lawsuits will proceed through the US legal system, where the allegations will be tested in court.

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