Goliath Ventures has already been exposed for glossy promises, shaky contracts, and newsletters that read more like motivational fluff than financial reporting.

But February’s leaked training video takes things to another level. What we see is not transparency, but performance — a carefully staged production designed to make a Ponzi scheme look like a professional fund.

At the centre of it all is Christopher Delgado, supported by BlackBlock and its CEO, — a man simultaneously running an “independent audit firm” and a wealth management company actively selling Goliath contracts. This is not oversight. It’s conflict of interest.

Part 3 of our investigation breaks down the February training session, the compliance theatre it revealed, and why Goliath Ventures’ entire model is built on smoke, mirrors, and carefully scripted deception.

The February Training Video – Smoke and Mirrors

PDFIn February 2025, Christopher Delgado and his associates at BlackBlock hosted a private training session for Goliath Ventures partners. The footage was never meant for the public, but it provides a window into how this operation sells itself — and how the people behind it know exactly where the legal tripwires are.

Rather than showing proof of investments, on-chain activity, or verifiable financial statements, the entire session revolves around:

  • Compliance theatre – rehearsed scripts on what to say and not say, always wrapped in disclaimers.
  • Brand marketing – glossy Pitch Decks, “consistent messaging,” and even jokes about spelling errors in their slides.
  • Insurance smoke screens – vague references to “fidelity bonds” and “cyber insurance” used as sales closers, even while admitting none of it covers market losses.
  • Redefining reality – instructing partners to avoid calling Goliath an “investment” and instead parrot the phrase “joint venture private fund.”

This is classic Ponzi playbook language. When you can’t prove the money exists, you build a script to control what promoters say, how they say it, and what terms they use.

Key Red Flags From the Video

Admitting Regulatory Evasion

BlackBlock openly told the room: “We need to not wait for regulation, but assume it’s coming and set up systems in advance.”
Translation: they know they are operating in a grey zone and are trying to look legitimate before regulators arrive.

Conflict of Interest – BlackBlock & WealthMD

BlackBlock claims to be Goliath’s “independent auditor,” but their own CEO, Matt Burks, is also a founding partner at WealthMD — a company actively selling Goliath contracts. In other words, the so-called auditors are also promoters taking a cut of investor funds. That is not independence; it is double-dipping.

Insurance as a Sales Pitch

Slide decks heavily featured the words “Insured and Bonded.” BlackBlock presenters admitted this was the “deal closer” — the slide used to convince prospects. Yet later, they quietly explained that market losses aren’t covered and percentages of coverage can’t be disclosed.

Changing the Rules on Investors

In the same session, Goliath announced:

  • A new minimum investment of $100,000.
  • A requirement that all investors be accredited, with only 90 days for existing smaller investors to “top up” or leave.

This is not investor protection. It’s a squeeze play to extract more money quickly, while insulating the scheme from regulatory exposure.

Evidence of an MLM Structure

Despite denials, the video makes clear that “directors” are building books of investors, earning overrides, and being coached on how to recruit. The need to set up LLCs for each recruiter was presented as a legal shield, not a genuine business necessity.

Reaching Out for Accountability

To ensure fairness, I contacted Matt Burks, CEO of BlackBlock and co-founder of WealthMD, for a right of reply. In my message, I asked him directly:

  • Why does BlackBlock call itself an “independent auditor” while simultaneously selling investments into Goliath?
  • How does he justify promoting Goliath’s guaranteed returns when no evidence of real investments exists?
  • Does he truly believe Goliath Ventures is not a Ponzi scheme?

I also carbon copied Redemption Church, where Burks is listed as an Executive Pastor. If a church leader is simultaneously profiting from questionable financial schemes, the community deserves to know.

As of publication, the silence has been deafening.

Selling Legitimacy, Not Investments

The entire strategy is about image, not substance: PowerPoints, branded decks, compliance disclaimers, and constant references to “insurance” or “accreditation.”

Real companies don’t need to hide behind scripts. They publish contracts, audited statements, and verifiable records. Goliath publishes pitch decks and photo ops.

The Compliance Illusion

Partners were told exactly how to speak, what words to use, and which ones to avoid. They were coached to say “joint venture private fund” instead of “investment fund.”

Calling yourself a ‘joint venture private fund’ doesn’t save you from the SEC. If it looks like a security, sells like a security, and pays like a security, it’s a security.

This is not compliance — it’s compliance theatre designed to create the appearance of legality while avoiding the substance of regulation.

Classic Ponzi Red Flags

  • Guaranteed returns (3–4% monthly).
  • Capital guarantees in writing, followed by escape clauses that void those guarantees.
  • Recruitment overrides disguised as “service fees.”
  • A push to roll retirement accounts into the scheme.
  • No evidence of real trading, mining, or investments — only marketing.

Every one of these is a Ponzi hallmark.

SEC & Securities Law Issues

  • Unregistered Fund / Investment Contract
    Goliath’s structure meets the Howey test: pooled money, expectation of profit, derived from the efforts of others. That requires SEC registration or a valid exemption.
  • Accredited Investor Rules
    Requiring investors to “self-attest” accreditation without verification violates Reg D standards. Allowing lies on attestations shifts liability back to the issuer.
  • Insurance Misrepresentation
    Marketing “insured and bonded” as a sales inducement, while admitting it doesn’t cover market losses, is fraudulent misrepresentation.
  • Dividends Without Disclosure
    Claiming to have paid out “over $100M in dividends” with no audited financials or SEC-compliant disclosures is misleading at best, fraudulent at worst.

Crypto / DeFi Compliance Risks

  • Unregistered Money Transmission
    The training openly admits: “if you touch funds, you become a money transmission service.” That alone reveals illegal handling of funds.
  • Liquidity Pool Promises
    Telling investors “this is where your money makes money” inside Uniswap pools is the textbook definition of a securities contract.
  • Qualified Accounts / ERISA
    Rolling 401(k)s and pensions into Goliath without ERISA safeguards is a massive compliance breach.
  • AML & KYC Theatre
    Presenters joked about politically exposed persons and “terrorist cousins.” They even described onboarding pro athletes with duffel bags of cash — only advising “put it in the bank first.” That is not compliance, it is complicity.

IRS & Accounting Issues

  • 1099 Chaos
    Goliath says it will issue 1099-B forms for crypto payouts, while Coinbase may also issue them. Investors risk duplicate reporting and tax confusion.
  • Disguised Commissions
    Forcing recruiters into LLCs and paying them through “Managed Service Agreements” is an attempt to hide unlicensed broker activity.
  • Improper Dividend Language
    Talking about “dividends” without shareholder records, SEC filings, or audited accounts is misleading accounting treatment.

Other Compliance & Governance Risks

  • Elder Abuse Concerns
    Discussing senior seminars while acknowledging elder-abuse laws is a regulatory red flag.
  • International Sales
    Admitting the JV is not recognized in Canada but still onboarding Canadians is outright illegal.
  • Ponzi Bookkeeping
    Requiring directors to keep spreadsheets of payouts instead of using audited systems is not wealth management — it’s Ponzi bookkeeping.

When directors are told to keep payout spreadsheets instead of audited ledgers, that’s not wealth management — that’s Ponzi bookkeeping.

The Human Cost

Behind the branding and compliance theatre are real people — retirees, families, and everyday investors being sold a dream of “guaranteed 4% monthly returns.”

Some will walk away early with small gains. Most will lose their savings when the withdrawals stall, the excuses pile up, and the house of cards collapses.

Elder Abuse Concerns

One of the most disturbing moments in the February training comes when BlackBlock’s presenters field a question about recruiting seniors. Instead of shutting it down, they openly discuss whether partners could run seminars aimed at elderly investors. They acknowledge that “elder abuse laws” exist, but rather than treating them as a hard line, they frame them as hurdles to navigate.

This is chilling. Regulators have long flagged senior seminars as a breeding ground for fraud, especially when retirement accounts are being solicited. The fact that Goliath and BlackBlock are training promoters on how to approach — and potentially exploit — older investors underscores just how predatory this operation is.

Elderly investors are uniquely vulnerable: they control retirement nest eggs, often lack deep financial literacy in crypto, and are less able to recover from losses. A legitimate firm would ban these tactics outright. Goliath’s willingness to discuss them shows a complete disregard for the people most likely to lose everything.

Why Matt Burks Matters

Matt Burks is not just a background figure. He appears in multiple roles:

  • CEO of BlackBlock (the so-called “independent auditor”).
  • Founding Partner of WealthMD (a firm selling Goliath contracts).
  • Head of Compliance at Goliath Ventures.
  • Executive Pastor at Redemption Church.

Burks is simultaneously auditor, promoter, compliance officer, and church leader — a web of roles that are fundamentally incompatible.

The Takeaway

The February training session reveals a machine built not to manage wealth, but to manage perception.

  • Investors are told what words to use.
  • Recruiters are told how to skirt licensing.
  • Insurance slides are weaponised as closing tools.
  • Spreadsheets are substituted for audited financials.

This is not how legitimate finance works. It is how Ponzi operations stay alive just long enough to extract millions more before the collapse.

Conclusion – BlackBlock’s Role in the Scam

The February training video confirms what many already suspected: Goliath Ventures is not built on real investments. It is built on:

  • rehearsed compliance scripts,
  • insurance smoke screens, and
  • a network of promoters coached on how to pitch without proof.

BlackBlock and WealthMD are not independent watchdogs. They are active participants in the credibility game — wrapping a Ponzi in a suit and tie, then stamping it with the illusion of legitimacy.

Real companies show contracts, revenues, and audited accounts. Goliath shows PowerPoints, lifestyle branding, and an “insurance slide” designed to close deals.

The question now is not if this collapses, but when. And thanks to whistleblowers, leaked documents, and recordings like this, investors have a chance to see the truth before it’s too late.

Breaking Update – Goliath Ventures Dissolved

PDFAs of September 3, 2025, Goliath Ventures Inc. has officially filed Articles of Dissolution with the Florida Secretary of State.

Key details from the filing:

  • Corporation Name: GOLIATH VENTURES INC
  • Document Number: P19000013806
  • Date Authorized: September 3, 2025
  • Effective Date of Dissolution: September 3, 2025
  • Approved By: Shareholders, as required by law
  • Registered Agent Signature: Harry M. Samuels

This filing is a major development. After months of glossy promises, “guaranteed” returns, and smoke-and-mirror compliance, the company has chosen to shut its doors.

For investors, this should raise urgent questions:

  • If the company was as strong as it claimed, why dissolve now?
  • What happens to the hundreds of millions in “partner funds” they claimed to manage?
  • Who will be accountable for the $100 million in supposed dividends paid out in 2024?

The timing of this dissolution — coming just days before Delgado’s scheduled appearance as a headline sponsor at The Vault Conference — is impossible to ignore. It looks less like a clean exit and more like a retreat under fire.

Breaking Twist – Goliath’s Wyoming Shell

PDFOn the very day Goliath Ventures filed dissolution papers in Florida (September 3, 2025), Christopher Delgado signed incorporation documents in Wyoming, creating a brand-new GOLIATH VENTURES INC under the same name.

Wyoming is notorious for its corporate secrecy. Unlike Florida, where corporate records are easier to track, Wyoming allows companies to hide behind registered agents and disclose minimal information.

The filing shows:

  • Incorporator/President: Christopher Delgado
  • Registered Agent: Hubco Registered Agent Services, Cheyenne, WY
  • Principal Office: 189 S Orange Avenue, Suite 1800, Orlando, FL (same address used in Florida)
  • Authorized Shares: 1,500 common shares

This is not the behavior of a legitimate financial firm. Dissolving one entity while immediately reincorporating another under the same name is a classic tactic to:

  • Discard liabilities, complaints, or subpoenas tied to the old entity
  • Create confusion among investors and regulators
  • Prolong the appearance of business as usual while moving money

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 YOUTUBE CHANNEL. 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.

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