GOLIATH VENTURES INC’s Secret Bank Switch: The Collapse Behind the “Transparency” Spin
On October 23, 2025, GOLIATH VENTURES INC held what was billed as a 45-minute investor update — but the call lasted just 12 minutes. No meaningful questions, no financials, no clarity. That alone would raise eyebrows, but what came next was extraordinary.
Less than two weeks later, in the wake of the largest crypto crash in history — a staggering $380 billion wiped from global markets in a single day — Christopher Delgado surfaced again with a newsletter claiming GOLIATH had “partnered with new banking collaborators.”
Five months earlier, the same company was boasting about its relationship with Merrill Lynch Bank of America. Now that name has vanished, replaced with vague language about “liquidity growth” and “DeFi innovation.” And while the company dodges questions about its finances, promoters are still out there recruiting new investors as if nothing has happened.
This blog unpacks how GOLIATH’s so-called “transparency update” is anything but — and why the company’s latest moves look less like strategy and more like a desperate scramble to stay alive.
“In the Spirit of Transparency” – Without Any Transparency
On November 7, 2025, Christopher Delgado sent investors a new GOLIATH VENTURES INC newsletter titled “Navigating Growth – Our Commitment to Stability in a Dynamic DeFi Landscape.”
It opened with the confident line:
“In the spirit of transparency, we wanted to update you on a proactive step we’re taking: partnering with new banking collaborators to optimise our deposit operations.”
It sounds reassuring until you realise that no bank is named, no reason is given, and no evidence accompanies the claim.
This is exactly the type of vague reassurance Ponzi operations send out when accounts are frozen and participants start asking questions.
If this were true transparency, GOLIATH would proudly identify its new bank, disclose the reason for the change, and explain how investor funds are protected. Instead, the entire message reads like a smokescreen of corporate buzzwords — or, as many have already pointed out, word salad from a company in crisis.
From Bank of America Boasts to Banking Silence
Back in May 2025, GOLIATH claimed to be partnering with Merrill Lynch Bank of America for its custodial and banking needs.
That was supposed to be their big credibility moment.
Fast forward to November, and that name has completely vanished. There’s no mention of Merrill Lynch, no explanation for the change, and no accountability for what happened.
If a partnership with one of the largest banks in North America truly existed, there would be no reason to hide it now.
This silence almost certainly means the relationship ended — most likely because the bank terminated their accounts.
Dissolved in Florida, Resurfaced in Wyoming – But Still Operating in Florida
Public records show GOLIATH VENTURES INC was dissolved in Florida on 3 September 2025 and re-registered in Wyoming on the very same day.
They didn’t change the name — only the state — which conveniently makes it harder to trace.
Wyoming is notorious for limited disclosure laws, allowing companies to obscure ownership and financial activity.
Despite this move, GOLIATH continues to operate from Florida, use Florida-based contacts, and maintain the illusion of business continuity.
It’s the same name, same leadership, and same story — just a new filing address.
“This Isn’t a Setback” – The Language of Panic
Christopher’s letter insists:
“This isn’t a setback, but a testament to our growth.”
Whenever a company feels compelled to say something isn’t a setback, it usually is.
He blames “traditional banks” for being “risk-averse” — a common excuse used when banks close accounts for compliance reasons.
This is not innovation. It’s damage control.
Why Does a “DeFi” Company Need a Traditional Bank?
For a group that claims to be a DeFi liquidity provider, reliance on old-fashioned banking is suspicious.
True DeFi operations work on-chain — through smart contracts, liquidity pools, and blockchain protocols.
If GOLIATH were really operating that way, it wouldn’t need banks at all.
The constant references to “deposit operations” and “banking relationships” suggest that all investor money is being handled through standard fiat accounts, not blockchain-based systems.
That’s a huge red flag.
The AI Tone and Amateur Formatting
Both the May and November newsletters feature mismatched fonts, erratic formatting, and buzzwords like “bridging worlds” and “pioneering the future of finance.”
This reads more like an AI-written Mailchimp template than a professional corporate statement from a multi-million-dollar financial company.
It’s all style — no substance.
Independent Promoters Still Recruiting New Investors
Even after the Florida dissolution, individuals are still promoting GOLIATH VENTURES INC.
One of the most active is Dr Eric D. Rideman, a former Florida surgeon who left medicine in 2024 and registered a small business called Goldpoint Ventures LLC at his home address in Sanford, Florida.
To be clear: there’s no proven connection between Goldpoint Ventures LLC and GOLIATH VENTURES INC.
However, Rideman has been actively encouraging others to join GOLIATH, positioning himself as an independent recruiter.
He’s even shared an Onboarding Link hosted on Microsoft 365 that asks new participants to submit personal details before sending funds.
That link remains live at the time of writing:
This clearly shows that promotion is ongoing, even as the company struggles to maintain banking relationships and legitimacy.
Right of Reply – Letter Sent to Dr Eric Rideman
To give Dr Rideman the opportunity to clarify his position and provide evidence of legitimacy, I sent him the following letter:
Subject: Clarification of Your Role and Activities Relating to GOLIATH VENTURES INC and Goldpoint Ventures LLC
Dear Dr Rideman,
My name is Danny de Hek. I’m an investigative journalist currently examining the operations of GOLIATH VENTURES INC, its affiliates, and associated promoters. Your name has surfaced repeatedly during my research, and I want to give you a fair and direct opportunity to comment before publication.
According to public records, you founded Goldpoint Ventures LLC on February 24 2025, listing your home address in Sanford as the registered office. Given the similarity of this name to GOLIATH VENTURES INC and the timing of the filing, could you please clarify:
Your precise role and relationship with GOLIATH VENTURES INC and any of its affiliates or partners.
Whether you are aware that GOLIATH VENTURES INC was formally dissolved in Florida on September 3 2025, and if so, why you are still appearing in communications that promote or onboard new participants.
The purpose and business activity of Goldpoint Ventures LLC, and whether it has taken over or continues any functions of GOLIATH VENTURES INC.
Why you appear to have ended your surgical career at AdventHealth Central Florida and transitioned into promoting investment products rather than continuing in medicine.
Why, after my outreach on LinkedIn, you chose to block my account rather than respond—something that seems inconsistent with transparent professional conduct if the opportunity you represent is legitimate.
I’d also like to give you the chance to provide verifiable documentation supporting the legitimacy of GOLIATH VENTURES INC and any related entities. In particular, please supply:
Proof of actual liquidity-pool operations or swaps taking place on blockchain networks.
Evidence of mining or staking activities, including on-chain transactions or wallet addresses.
Details of any acquired blockchain technology companies, partnerships, or audited financial statements.
If the business is genuine, this is your opportunity to present clear evidence. If not, you have an ethical duty—as a former medical professional and fiduciary—to distance yourself from potential misconduct and assist in preventing further investor losses.
You are welcome to reply directly to this email or contact me through my official website (dehek.com/goliath-ventures) to discuss the matter confidentially. If you wish to come forward as a whistleblower, I will protect your identity and handle any information with discretion.
Kind regards,
Danny de HekWEBSITE: dehek.com
PODCAST: podcast.dehek.com
BOOKINGS: calendly.com/dehek
YOUTUBE: youtube.com/@dehek
LINKEDIN: linkedin.com/in/dehek
SUPPORT ME: ko-fi.com/dehekNYT Featured Investigative Journalist | OSINT | Cult Survivor | Exposing Scams, Ponzi Schemes & MLMs | I Name & Shame the Bad Actors Behind the Lies
The Bigger Picture
This latest newsletter marks a turning point.
GOLIATH VENTURES INC is no longer projecting confidence — it’s managing panic.
The dissolution in Florida, the quiet move to Wyoming, the disappearance of its so-called “Bank of America partnership,” and the continuing recruitment through independent promoters all point to a company in survival mode.
Until GOLIATH can provide audited financials, on-chain liquidity proof, and verifiable banking information, every investor should treat this as a high-risk operation.
Key Contradictions Readers Should Weigh
Transparency without names: no bank disclosed, old or new.
May vs Nov: boast of Merrill Lynch Bank of America becomes silence.
Dissolved in Florida / Same-day Wyoming filing: jurisdiction switch with no investor explanation.
DeFi claim vs bank reality: heavy reliance on fiat “deposit operations,” not on-chain proof.
Ongoing recruitment by independents: personal networks keep inflows alive despite legal turbulence.
Open Questions GOLIATH VENTURES INC Must Answer (But Hasn’t)
Which bank(s) currently handle deposits, custody, and withdrawals — in writing?
Why did the supposed Bank of America / Merrill Lynch relationship disappear from disclosures?
Where are the audits — financial statements and reserve attestations?
Where is the on-chain evidence — wallets, pool positions, contract hashes, LP tokens?
Why the Florida dissolution and why Wyoming the same day?
What licenses (if any) permit them to solicit investments across states or countries?
Practical Guidance for Anyone Approached by a Promoter
Ask for the bank name(s) in writing and verify independently.
Demand on-chain proof — addresses, pool positions, or contract interactions.
Request audited financials and valid licenses, not “letters of intent” or “NDAs.”
Never fill out onboarding forms collecting personal data before proof is provided.
Walk away if you’re told “you’ll see everything after you join” or “friends & family exceptions.”
Conclusion — Not Innovation, Just Containment
There’s nothing transparent about what GOLIATH is doing.
When a company hides its banks, moves jurisdictions overnight, and relies on personal recruiters instead of public proof, that’s not innovation — that’s desperation.
Anyone still promoting GOLIATH VENTURES INC or encouraging others to invest should pause and ask themselves one question:
If this company is legitimate, where’s the proof?
Previously in This Series on Goliath Ventures
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.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.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.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.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.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.Collapse and Clawbacks
Goliath Ventures Inc Florida Ponzi Collapse, Coming Clawbacks and Arrests
The unraveling accelerates: clawbacks loom, and indictments draw closer.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.What Real Funds Look Like
What Real Quant Funds Look Like Vs. Goliath Ventures, FL Ponzi Scam
Today’s deep dive: exposing how every part of Goliath’s structure collapses under scrutiny.Stolen money, gifts, and uneconomical deals
Who Is Still Profiting From Goliath Ventures Inc, Orlando Ponzi? Don’t Drop The Soap.
Unusual developments connected to the Goliath Ventures Ponzi scheme, which is now imploding.FBI Director Kash Patel, Ron DeSantis and even Andrew Tate
Goliath Ventures Ponzi: Verlin Sanciangco & My Liquidity Partner (MLP) Scam Rebranded.
Goliath Ventures Inc ponzi scheme has been running for a lot longer than most people realize.I just got sued for telling the truth
Danny vs Goliath: New Zealand Journalist Sued by Christopher Delgado’s GOLIATH VENTURES INC.
I uncovered what I believe is a large-scale Ponzi scheme.You now have 3 copyright strikes
Dirty Tactics: How GOLIATH VENTURES INC Is Abusing YouTube’s Copyright System to Silence Journalism.
Your channel (as well as YouTube channels associated with it) is scheduled to be terminated in 7 days.Crypto Crash!
Crypto Prices Crash! GOLIATH VENTURES Investors Should Be Very Worried.
Questions Goliath Ventures Investors Should Be AskingFiled a 22‑page Motion to Dismiss
Florida Orlando Ponzi Scheme Sues New Zealand Journalist, $150,000 Bribe Attempt.
This lawsuit isn’t about protecting a reputation—it’s about damage control and intimidation.You didn’t escape the scam — you benefited from it
Whistleblower or Opportunist? The Anatomy of a Non-Whistleblower Who Protected Goliath Ventures.
To show what a real whistleblower looks like, and what one doesn’t.The Banking Breakdown
GOLIATH VENTURES INC’s Secret Bank Switch: The Collapse Behind the “Transparency” Spin. (this article)
A false transparency update masking a banking crisis and ongoing promotion.
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
I’m DANNY DE HEK, a New Zealand–based YouTuber, investigative journalist, and OSINT researcher. I name and shame individuals promoting or marketing fraudulent schemes through my channel, DANNY DE HEK INVESTIGATIONS. Every video I produce exposes the people behind scams, Ponzi schemes, and MLM frauds — holding them accountable in public.
My PODCAST is an extension of that work. It’s distributed across 18 major platforms — including Apple Podcasts, Spotify, Amazon Music, YouTube, and iHeartRadio — so when scammers try to hide, my content follows them everywhere. If you prefer listening to my investigations instead of watching, you’ll find them on every major podcast service.
You can BOOK ME for private consultations or SPEAKING ENGAGEMENTS, where I share first-hand experience from years of exposing large-scale fraud and helping victims recover.
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My work exposing crypto fraud has been featured in:
Bloomberg Documentary (2025): A 20-minute exposé on Ponzi schemes and crypto card fraud
News.com.au (2025): Profiled as one of the leading scam-busters in Australasia
OpIndia (2025): Cited for uncovering Pakistani software houses linked to drug trafficking, visa scams, and global financial fraud
The Press / Stuff.co.nz (2023): Successfully defeated $3.85M gag lawsuit; court ruled it was a vexatious attempt to silence whistleblowing
The Guardian Australia (2023): National warning on crypto MLMs affecting Aussie families
ABC News Australia (2023): Investigation into Blockchain Global and its collapse
The New York Times (2022): A full two-page feature on dismantling HyperVerse and its global network
Radio New Zealand (2022): “The Kiwi YouTuber Taking Down Crypto Scammers From His Christchurch Home”
Otago Daily Times (2022): A profile on my investigative work and the impact of crypto fraud in New Zealand
The truth doesn’t fear lawyers — only fraudsters do.
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