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

Goliath Ventures Inc (Christopher Delgado) 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 public news of bounced checks, excuses, and silence as soon as next few weeks. And don’t be fooled by the CEO Christopher Delgado, his luxury cars, or his paid  photo ops with Donald Trump, Kash Patel (the head of the FBI), and Speaker of the House Mike Johnson. That’s not credibility. That’s reputation mining using stolen funds.

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

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.

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