What Real Quant Funds Look Like Vs. Goliath Ventures, FL Ponzi Scam

-



 

“Trusting a man fired from In-N-Out Burger for stealing to manage hundreds of millions is beyond reckless.”

Christopher Delgadonbsp;of Orlando, FL claims to be a sophisticated investment fund generating 60%+ annual returns through “currency swaps and liquidity pools.”

They say they manage $250–$500 million in investor capital. But the truth is stark: Goliath has none of the infrastructure, quant traders, back-office staff, compliance oversight, or professional sales team that any real fund of this size would require.

If Goliath were legitimate, it would look like a Wall Street operation. Instead, here’s what they actually have — and why anyone with even basic financial knowledge should have spotted this scam a mile away.

Expect bounced checks, excuses, and silence. And don’t be fooled by the CEO Christopher Delgado, his rented cars, or the staged photos with Trump, Kash Patel (the head of the FBI), and Speaker of the House Mike Johnson. That’s not credibility. That’s camouflage.

Finance Team

A legitimate $500M investment firm would have a Chief Financial Officer, supported by controllers and treasury directors. These are highly credentialed professionals — CPAs, CFAs, or MBAs, often with Big Four or hedge fund experience. They oversee cash flows, value at risk (VAR), net asset value (NAV) calculations, and reporting to regulators.

Goliath Ventures? They have a single bookkeeper: Nadia Bringas. Her degree is in psychology, not accounting or finance. On September 2, 2025, she dissolved her Florida bookkeeping company and reincorporated in Wyoming the very next day — the same shell game Goliath itself used to escape Florida oversight.

They also lean on Harry M. Samuels, who describes himself on LinkedIn as:

“Samuels Accounting Service is a specialized tax and business developmental practice with the main office in Ft Lauderdale, FL and a secondary office in Erie, CO. Our goal and focus is to teach our clients to maximize profit, reduce taxes and to reinvest the tax savings into their self-directed future. We are aggressive in our approach and we find all legal methods available to maximize profit and potential while minimizing taxes.”

When it comes to accounting, you don’t want Saul Goodman (Breaking Bad!) as your guy unless you’re running a criminal enterprise. The fact that Samuels openly advertises an “aggressive” approach is a red flag.

“Rather than an institutional-grade finance department, Goliath’s entire ‘finance team’ is one underqualified bookkeeper managing hundreds of millions.”

Both Bringas and Samuels are deeply complicit in the Ponzi scheme. Their roles will not protect them — both are likely to face indictment and prison time.

Key contrast:

Real firm = CFO, controllers, treasury, external auditors Goliath = one bookkeeper with no financial credentials, and Harry Samuels, who sounds like something out of a TV show

Compliance & Legal

A real $500M fund would have an independent Chief Compliance Officer, in-house securities counsel, independent fund administrators, and third-party custodians. Investor protection and regulatory oversight would be non-negotiable.

Goliath instead put Matt Burks in charge of compliance — while he also co-founded WealthMD (a feeder fund pushing retirement money into Goliath) and ran BlackBlock (the supposed “independent” auditor). That makes him compliance chief, auditor, and sales distributor — all at once. This is clownery. Burks is a complicit criminal who fully knew this was a Ponzi scheme yet aggressively recruited victims. He will face a long prison sentence.

They also listed Matthew Malkemes, CAMS as Chief Compliance Officer for both Goliath and BlackBlock — obliterating any pretense of independence.

It’s worth noting that Malkemes worked at Morgan Stanley until March 2025, only to be hired by Goliath Ventures. This is fascinating because Morgan Stanley employees are already tied to the Goliath scheme, and the bank itself appears to have played a role in supercharging it. That Delgado would bring Malkemes onboard after his stints at USAA and Morgan Stanley is telling.

And the only lawyer tied to Goliath? Eric Clayman, a Florida criminal defense attorney whose background is in DUI cases. Not corporate law. Not securities law. Yet he’s advising a firm claiming to manage nearly half a billion dollars.

Key contrast:

Real firm = independent CCO, securities counsel, independent auditor, fund administrator Goliath = conflicted insiders and a DUI defense attorney

Trading & Investment Team

At a genuine $500M fund, you’d expect a Chief Investment Officer, supported by senior portfolio managers, quantitative traders, and risk managers. These are typically Ivy League or MIT-trained PhDs with years of proven track records in FX swaps, derivatives, OTC trading, and blockchain strategies.

At Goliath? There are no named CIOs, no traders, no quantitative analysts, and no risk managers. Instead, they offer only vague references to “liquidity pools” — with no verifiable strategies, no trading records, and no audited performance.

“A firm claiming 60% annual returns but employing no one in trading is as believable as an airline flying jumbo jets with no pilots.”

Technology & Engineering

Any firm claiming to run hundreds of millions through “liquidity pools” would need a serious tech division: a CTO, blockchain engineers, quant developers, and cybersecurity staff. These are the people who build the infrastructure to safely move money and audit smart contracts.

Goliath has no CTO, no engineers, no developers, and no cybersecurity team. Despite boasting of cutting-edge DeFi operations, there is no evidence they have built — or even operate — real trading or custody systems.

Research & Analytics

Real funds produce research — economic analysis, market reports, and blockchain risk assessments. Analysts and data scientists provide transparency and insight.

Goliath? No reports, no analysts, and no data infrastructure of any kind. Just promotional videos of people in Lamborghinis and private jets with prostitutes.

Investor Relations

Professional firms provide audited financial statements, risk disclosures, and investor reports. They also have full investor relations (IR) departments handling client communication.

Goliath, on the other hand, lists David Panzik as “Partner Relations.” His background? Homebuilding sales and firefighting. No finance, no IR, no institutional experience.

Instead of audited reports, Goliath sent out a Mailchimp email titled “GOLIATH VENTURES FINANCIAL AUDIT REVIEW.” No financial data. No balance sheet. No signatures. Not GAAP-compliant.

Key contrast:

Real firm = audited reports, client services, transparent communication Goliath = a farce — a firefighter-turned-salesman and a fake audit email

Bottom Line

A real $500M investment fund would look like a Wall Street operation — dozens of credentialed professionals, robust compliance, audited financials, and advanced trading infrastructure.

Goliath Ventures Inc instead has:

  • A team riddled with prior run-ins with the law and a CEO fired from a fast food restaurant for stealing

  • One bookkeeper with a psychology degree

  • Two conflicted compliance officers running both the scheme and the audits

  • A DUI criminal defense lawyer instead of a securities attorney

  • No traders, no tech team, no analysts

  • A firefighter-turned-salesman handling “investor relations”

“If the money and the returns were real, the people and the infrastructure would be too.”

This isn’t just a missing piece of the puzzle — it’s the defining red flag. Goliath doesn’t look like a $500M investment firm. It looks like performance theater staged to disguise fraud. And let’s be clear: they’ve engaged in criminality by raising funds through the illegal sale of securities. That’s something no real hedge fund would ever do — because legitimate operators don’t want to end up in prison.

Previously in This Series on Goliath Ventures

  1. Glossy Promises, Shaky Contracts Goliath Ventures Exposed – Glossy Promises, Shaky Contracts, and the Dark Reality of Guaranteed Returns Where it all began: inflated promises of 60% returns backed by contracts that were flimsy at best.

  2. The Compliance Illusion Goliath Ventures Exposed Part 3: Christopher Delgado, Matt Burks, BlackBlock and the Compliance Illusion The smoke-and-mirrors routine — how Burks and BlackBlock tried to pose as “independent” while being insiders.

  3. The Smear Campaign Claim Chris Lord Delgado Claims “Smear Campaign” – Goliath Ventures Exposed in My Full Response Delgado’s pushback — calling legitimate questions a “smear campaign” while victims kept piling up.

  4. The Bookkeeper’s Vanishing Act The Bookkeeper’s Vanishing Act: Chris Delgado, Nadia Bringas, and Goliath Ventures When the money trail grew hot, Bringas dissolved her company in Florida overnight and popped back up in Wyoming.

  5. The Fake Audit Pull Money While You Can! Goliath Ventures Ponzi Exposed by FAKE Audit. Florida Ponzi Scheme SCAM A so-called “audit” that turned out to be nothing more than a Mailchimp blast with zero financial data.

  6. The Missing FinCEN Registration Goliath Ventures Inc (Christopher Delgado) and the Missing FinCEN Registration: Why It Matters Digging into why a real investment firm would never operate without this registration — unless it was hiding.

  7. Collapse and Clawbacks Goliath Ventures Inc Florida Ponzi Collapse, Coming Clawbacks and Arrests The unraveling accelerates: clawbacks loom, and indictments draw closer.

  8. The Securities Question The Unregistered Securities Problem: Why Goliath Ventures’ Contracts Are Likely Illegal Breaking down why Goliath’s contracts were never legal in the first place — a fatal flaw in their setup.

  9. What Real Funds Look Like What Real Quant Funds Look Like Vs. Goliath Ventures, FL Ponzi Scam (this article) Today’s deep dive: exposing how every part of Goliath’s structure collapses under scrutiny.

Disclaimer: How This Investigation Was Conducted

This investigation relies entirely on OSINT — Open Source Intelligence — meaning every claim made here is based on publicly available records, archived web pages, corporate filings, domain data, social media activity, and open blockchain transactions. No private data, hacking, or unlawful access methods were used. OSINT is a powerful and ethical tool for exposing scams without violating privacy laws or overstepping legal boundaries.

About the Author

Danny de Hek, also known as The Crypto Ponzi Scheme Avenger, is a New Zealand-based investigative journalist specializing in exposing crypto fraud, Ponzi schemes, and MLM scams. His work has been featured by Bloomberg, The New York Times, The Guardian Australia, ABC News Australia, and other international outlets.

Stop losing your future to financial parasites. Subscribe. Expose. Protect.

My work exposing crypto fraud has been featured in:

Comments

Post a Comment

Popular posts from this blog

Origin LGNS Exposed: Crypto Ponzi Masquerading as DeFi with 3X Daily Profits and Cult Hype

-
Image
If you stumbled across a crypto project called ORIGIN or  OriginWorld.org , this blog is your warning label. You might’ve seen their slick graphics, cultish promises of “financial freedom,” and ridiculous claims like  7,909% APY  or a  “distributed encrypted civilization.”  It all sounds impressive until you scratch the surface and realise you’re looking at a  tech-wrapped Ponzi cult. But first, here’s how it landed on my radar. I received a  WhatsApp message  from a guy named  Don  who I thought wanted a professional review on an investment platform. Turns out, he was actually  trying to recruit me . He sent me a sign-up link for something called  Origin LGNS . He claimed it paid  0.3% every 8 hours , and that he had made  $100 in two weeks  from a  $800 initial investment , which he later topped up to  $1,000 . He said he hadn’t withdrawn any money yet because the platform was paying so well, so he ju...
Read more

BitNest’s Smart Contract Audit: Why a Clean Code Check Doesn’t Erase a Ponzi Business Model

-
Image
  Following the publication of our  Original Blog  and  YouTube  exposé on  BitNest  and Mellion Coin, we received a comment questioning whether we had properly reviewed BitNest’s smart contracts and its CertiK audit. It’s a fair question. And as always, we believe in full transparency. In this follow-up blog, we’re diving deep into the  technical side  — unpacking exactly what the CertiK audit says, what it doesn’t say, and why BitNest’s core business model remains fundamentally fraudulent despite the presence of “audited” code. What a Smart Contract Actually Means First, let’s clear up a major misconception: A  smart contract  is simply a computer program that says, “IF X happens, THEN Y automatically happens.” That’s it. It doesn’t guarantee that the  thing it’s doing  is ethical, profitable, or sustainable. A smart contract can execute a perfectly coded Ponzi scheme just as easily as it can execute a legitimate DeFi pr...
Read more

TOFRO.pro Exposed: The High-Risk Crypto Scam Masquerading as Copy Trading Through MTS Foundation

-
Image
  There’s a new so-called crypto “opportunity” doing the rounds — and it stinks to high heaven. It’s being pitched under the banners of  TOFRO.pro ,  Tofro.com , and the  MTS Foundation . If you’re being lured in with promises of copy trading, guaranteed profits, or passive daily income, stop right there. This platform is riddled with red flags, and if you value your money, your devices, or your sanity — you’ll want to stay well clear. What TOFRO and MTS Foundation Claim to Be According to their promotional video, pitch deck, and onboarding documents, here’s what they’re claiming: MTS Foundation is a crypto copy trading “community” supposedly led by a man named  Harris Levy . Users are encouraged to follow  daily trade signals  via Telegram, placing binary-style bets on whether Bitcoin will go up or down. You trade using the  Tofro.pro  platform (sometimes mistranscribed in videos as Tofra.com, but all pointing to the same domain). They claim...
Read more